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City of Raleigh

Financial Section

General Capital Projects Funds

The purpose of the

General Capital Projects Funds

are to account for the financial resources segregated

for the acquisition or construction of major general capital assets and facilities. The budgets within these

funds are adopted for the life of the project. Under the project accounting concept, project expenditures,

and the revenues used to fund them, are accumulated until the year the project is completed. General

projects accounted for within the general capital projects funds include street projects, park improvements,

Raleigh Union Station, technology projects, major public facilities and other miscellaneous capital projects.