Internal Service Funds

Description

Internal Service Funds are used to finance and account for goods and/or services provided by one City department to other City departments on a fee for service basis. The City of Concord has the following internal service funds:

  • Workers' Compensation Fund - Accounts for workers' compensation expenses.

  • Risk Management/Liability Fund - To account for the non-reimbursable portion of insurance claims and judgments.

  • Post Retirement Healthcare Benefits Fund - Accounts for the contributions and benefits paid in relation to the Post-Retirement Health Care Program.

  • Fleet Maintenance Fund - Accumulates resources to fund the operations and replacement of City licensed vehicles and motorized equipment.

  • Information Technology Operations Fund – Accounts for the expenses to fund the operations of the Information Technology department.

  • Information Technology Replacement Fund - Accumulates resources to fund the operations and replacement of computers, software and office equipment used by City staff.

  • Building Maintenance Fund - Accumulates resources required to maintain City facilities. Also includes facility upkeep, repair and custodial services.

  • Compensated Absences Fund - Accumulates resources to address compensated absences.