FY 2024 Adopted Fund Summary
Internal Service and Enterprise Funds
Internal Service Funds
Internal Service funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost reimbursement basis.
County Insurance - Fund 2504
To account for respective insurance services provide to the County through policies and the workers' compensation self-insurance program. These services are provided to all County departments, and the Constitutional Officers.
Equipment Service - Fund 2501
To account for the services provided to County departments regarding the various components of the fleet, for both motorized and stationary types of equipment. Services include the purchase, maintenance and disposal of various pieces of equipment. The purchase and dispensing of fuel to the users is also provided, including generators located at different locations throughout the County.
Health Insurance - Fund 2505
To account for the Employee Health Self Insurance to supplement the Group Health Insurance costs. This fund was established in FY 2014 to collect "premiums" from each BCC department for their employee coverage, BCC employees who cover dependents, participating COBRA and retirees, the Property Appraiser, the Tax Collector and Supervisor of Collections. The State of Florida suggests a minimum funding balance of 60 days of projected claim cost in reserves.
Enterprise Funds
Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses, including depreciation) or providing good or services to the general public on a continuing basis be financed or recovered primarily through user charges; or where the governing body has decided that periodic determination of revenues earned, expenses incurred and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes.
Solid Waste System - Fund 2450
To account for the financing of respective services to the general public where all or most of the costs involved are paid in the form of charges to users of such services.
Solid Waste Capital Improvement Projects - Fund 2459
To account for the construction costs of renovations, additions or new construction on solid waste system projects. Financing is provided through operating transfers from the Solid Waste System Fund, federal and state grants, the sale of bonds and interest revenue earned. This fund is in accordance with Chapter 90 of the County Code of Ordinances.
Revenues are not receipted for within this fund. All of the revenues associated with the projects within this fund are receipted for within the Solid Waste System Enterprise Fund.
Water and Wastewater - Fund 2401
To account for the financing of water, wastewater and reclaimed water services to the general public where all or most of the costs involved are paid in the form of charges to users of such services. This fund is in accordance with Chapter 110 of the County Code of Ordinances.
Water & Wastewater Capital Improvement Projects - Fund 2409
To account for the construction costs of renovations, additions or new construction on water, wastewater and reclaimed water services projects. Financing is provided through operating transfers from the Water and Wastewater Fund, federal and state grants, the sale of bonds and interest revenue earned. This fund is in accordance with Chapter 110 of the County Code of Ordinances.
Revenues are not receipted for within this fund. All of the revenues associated with the projects within this fund are receipted for within the Water and Wastewater Enterprise Fund.