Meen County reported a combined fund balance of $980 million…
Questions
Meen Cоunty repоrted а cоmbined fund bаlаnce of $980 million for all governmental funds, an increase of $110 million, or 12.64%, from the prior year. The increase is primarily due to the issuance of a general obligation bond. The bond agreement stipulated that the proceeds are to be used for road infrastructure refurbishments. The proceeds of the bond issue are reported as which fund balance classification?
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