Where are all general capital improvements recorded in New Jersey municipalities?

In New Jersey municipalities, all general capital improvements are recorded in the General Capital Fund. This fund is specifically designated for financing long-term infrastructure projects and other capital expenditures that are not part of the day-to-day operations of the municipality. The General Capital Fund allows municipalities to track investments in capital assets such as roads, buildings, and equipment that enhance community services and overall public welfare.

The General Capital Fund is separate from operating accounts, which are used for funding ongoing municipal operations like salaries, utilities, and routine maintenance. Additionally, while capital reserve funds can be used for specific savings regarding capital improvements, they do not serve as the primary recording location for all general capital improvements. Encumbrance accounts are used to reserve funds for expenditures, but they do not record the actual improvements themselves; rather, they track commitments for future spending. Hence, the General Capital Fund is the appropriate and correct answer for where general capital improvements are recorded.