Internal Service Funds Funds
Descriptions
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.