A fund established to finance and account for the acquisition, operation, and maintenance of governmental facilities and services which are entirely or predominantly self-supporting by user charges; or where the governing body of the governmental unit has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate. Government owned utilities and hospitals are ordinarily accounted for by enterprise funds.
A grouping of activities whose expenditures are wholly or partially offset by revenues collected from consumers in form of fees or charges.
(1) A fund established to account for government operations financed and operated in a manner similar to private business enterprises (e.g., water, gas, and electric utilities; airports; parking garages; or transit systems). In this case the governing body intends that costs (i.e., expenses, including depreciation) of providing goods or services to the general public on a continuing basis be refinanced or recovered primarily through user charges. (2) A fund established because the governing body has decided that periodic determination of revenue earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes.
A governmental accounting fund in which the services provided are financed and operated similarly to those of a private business. The rate schedules for these services are established to insure that revenues are adequate to meet all necessary expenditures.
a fund to account for an operation for which the Town charges user fees to pay for services to the public
a fund used to account for
fund established to account for government operations that are financed and operated like a private business. This fund helps ensure that the full cost of providing a service is paid for by the charges and fees related to it, as these funds generally do not receive property tax support.
Public Utilities are examples of enterprise funds. Separate financial accounting used for government operations that are financed and operated in a manner similar to business enterprises, and for which preparation of an income statement is desirable.
A fund established to finance and account for the operation and maintenance of facilities and services which are predominately self-supporting by user charges. Airports, Public Transportation System, Kern Medical Center, Golf Course, and Solid Waste Management are Kern County's only Enterprise Funds.
A form of accounting that utilizes a separate fund or cost center for a specific purpose. Enterprise funds are generally sustained by revenues generated within that department.
A schoool district function that is self-supporting or produces revenue, such as vending machines, wschool stores or class ring sales, whereby revenues cover the cost of the service.
A type of government fund that is established to account for operations-financed and operated in a manner similar to private business enterprises, such as parking garages or university housing. For enterprise funds, the governing body intends that the costs of providing goods and services be financed or recovered primarily through user charges.
A categorization of accounts defined by the State Auditor of Public Accounts consisting of funds established to account for operations financed and operated in a manner similar to private business enterprises. The costs of providing goods or services are to be financed or recovered through user charges.
Proprietary fund type used to report an activity for which a fee is charged to external users for goods and services.
