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ing to the GAAFR (the Blue Book), governmental funds are used to account for activities primarily supported by taxes, grants, and similar revenue sources. Within the category of Governmental Funds, there are five types: General Fund, special revenue funds, debt service funds, capital projects funds, and
The general fund classified under governmental funds: Accounts for most of the basic services provided by the governmental unit.
CLASSIFYING FUNDS-GAAP BASIS - 7420 Governmental Funds. These funds are used to record and report the normal resources and costs of the government (i.e., day-to-day operating services). Proprietary Funds. These funds are used to account for activities that receive docHub support from fees and charges. Fiduciary Funds.
Funds used by governmental entities are classified into three broad categories: governmental, proprietary, and fiduciary.
A fund is considered major if its revenues, expenditures, assets, or liabilities exceed 10% of the total governmental fund categories and if the same element (revenues, expenditures, assets, or liabilities) exceeds 5% of the governmental and enterprise funds combined are true.
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Some examples of enterprise funds are activities such as the food service program, the bookstore operation, the athletic stadium, or the community swimming pool.
GASB defines major funds as those meeting the following criteria: The total assets plus deferred outflows, liabilities plus deferred inflows, revenues, or expenditures/expenses of the individual governmental or enterprise fund are at least 10 percent of the corresponding total (assets, liabilities, etc.)
There are five main types of government funds, which includes the general fund, the capital projects fund, the permanent fund, the special revenue fund, and the debt service fund.

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