Fund Descriptions

FY 2024 ANNUAL BUDGET

General Fund

The general fund is used for activities that constitute the core administrative and operational taks. The general fund is budgeted on a modified-accrual basis.

Special Revenue Funds

Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Special revenue funds are budgeted on a modified-accrual basis.

Debt Service Funds

Debt service funds are used to account for the issuance and repayments of long-term debt and related costs. Debt Service funds are budgeted on a modified-accrual basis.

Capital Projects Funds

Capital projects funds are used to account for the acquisition and construction of major capital projects other than those financed by proprietary funds. Capital projects funds are budgeted on a modified-accrual basis.

Internal Service Funds

Internal Service Funds are used to account for the financing of goods or services provided by one department to other departments within the City on a cost reimbursement basis. Internal service funds are budgeted on a modified-accrual basis.

Enterprise Funds

Enterprise funds are self-supporting funds that sell goods and services to the public for a fee. Enterprise funds are budgeted on a full-accrual basis.