Except for expenditures from the Reserve for Preliminary Expenses, no expenditure for a capital project may be made from the Capital Fund without the adoption of an ordinance describing the project and specifying the source of funding.

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Prepare for the Rutgers Municipal Capital and Trust Fund Accounting Test. Use our study guide with flashcards and multiple choice questions. Each question provides hints and explanations for clearer understanding. Ensure your success on the test with our comprehensive resources!

Multiple Choice

Except for expenditures from the Reserve for Preliminary Expenses, no expenditure for a capital project may be made from the Capital Fund without the adoption of an ordinance describing the project and specifying the source of funding.

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