Jefferson County established a capital project fund in 2011 to build low income housing with the tranfer of $100,000 from the General Fund. The following transactions occured during 2012: Capital Project Fund Trial Balamce December 31, 2011 Cash Debits 100,000 Credits Fund balance 100,0000 1-April 1, 2012, 6 percent bonds with a FV of $700,000