CHAPTER 5: CAPITAL PROJECTS FUNDS Wiley GAAP for Governments 2015: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments Book
capital project fund governmental accounting

The project assumes a calculated risk with the expectation that the capital asset pays off. Management of risk is a key driver of successful project development and delivery of a capital project. A capital project is a long-term, capital-intensive investment to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources. The Local Construction and Loan Fund accounts for construction and loan programs for local public works projects. The department also shall post the fees, rules and penalties in an appropriate location on the department website.

User fees are established for public use of electric vehicle charging station stalls located on property owned or leased by King County. For purposes of this formula, "trip revenue" or "TR" means the weighted average fare per trip determined by the department. For purposes of this formula, "baseline trips" means the estimated number of transit trips taken by the contracting party's covered population of students, employees or others, or any combination thereof, in the twelve months preceding execution of the institutional pass agreement. Baseline trips may be adjusted on an annual basis to account for changes in the number of eligible employees. For the purpose of this section, "replacement pole" means a new utility pole replacing an existing utility pole in the county right-of-way with no increase in the total number of utility poles in the right-of-way. Replacement poles provide extra capacity to support attached wireless telecommunications facilities.

Close out Revenue and Expenses

These programs and strategies shall be reviewed as part of the annual mental illness and drug dependency evaluation cycles. E.1. The fund shall provide for the receipt of revenues and disbursement of expenditures related to the dental, medical, life, and disability insurance claims, and other benefit plans of county employees, including the costs of administration. The fund shall seek to maintain an excess of assets over liabilities for each of the benefit programs accounted for by the fund.

The director of the department of executive services shall be the manager of the fund. The planning phase of a lease-based project is the time during which the county develops the scope of work including an estimate of project size, construction cost and tenant improvements. The procurement process for the developer is completed in this phase. A capital project budget and phases of a capital project shall be prepared by the user agency. The capital project shall be managed by the implementing agency.

Long Term Capital Improvement Trust Fund (Fund

The department shall review its parking facilities usage and user fees at least annually and may adjust the fees by rule based on market considerations and the department's parking management goals. Electronic payments may be accepted in person, over the phone, by fax, by mail or through the Internet, as determined appropriate by the head of each department and agency and as is consistent with this chapter and any agreement for electronic payment services. Requests to accept electronic payments must be initiated by the affected department or agency. A department or agency is not required to accept electronic payments for any service it provides. The moneys in the fund from the levies approved under Ordinances 15760, and 18890, shall be used solely for the eligible purposes authorized by the voters and shall not supplant existing funds used for those purposes.

  • The purpose of the fund is to coordinate, operate, maintain and enhance the automated geographic information systems that serve both county agencies and external customers.
  • To date, CPF has awarded over $7 billion for broadband, digital technology, and multi-purpose community center projects in 46 states.
  • The fund shall be used to support technology capital projects which support the operations of the department of community and human services.
  • The moneys in the fund from the levies approved under Ordinances 15760, and 18890, shall be used solely for the eligible purposes authorized by the voters and shall not supplant existing funds used for those purposes.
  • All receipts from rates charged for the fund's services to county agencies shall be deposited in the fund.
  • There is hereby created the flood control operating contract fund.

In addition, the Metro transit department may remove or impound property from a bicycle locker for documented failure to comply with posted rules. The department shall make a reasonable, good-faith effort to contact the owner of any property impounded governmental accounting for violation of posted rules, and to return the impounded property to the owner. The labor organization and provider representatives have certified to the county executive that the agreement is operative with no significant deficiencies.

EXCISE TAXES

The fund shall be used to support technology capital projects which support the operations of the department of public health. The fund shall be used to support technology capital projects which support the operations of the department of local services. The fund shall be used to support technology capital projects which support the operations of the department of executive services.

What is project expenses in accounting?

Project Expense means cost associated with completing the Project. For purposes of the application budget page, expenses will be supported by vendor estimates and bids. In-kind contributions will be supported by documentation that gives the basis for valuation.

The director of the department of natural resources and parks shall be the fund manager. All revenues to maintain the target reserve balances, consistent with the transit fund management policies, shall be deposited into the fund consistent with applicable bond covenants. The fund is intended to collect and disburse moneys to carry out the functions of the safety and worker's compensation program, and moneys shall not be attached for other purposes, unless that action is expressly approved by the council. All revenues collected from the additional recording fee authorized by Chapter 204, Laws of Washington 1989 shall be deposited in the fund. All receipts from maintenance fees and a portion of radio infrastructure usage rates as determined by the fund manager shall be deposited in the fund.

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