PAP.10.3.030 Fund Classifications

The governmental accounting system should be organized and operated on the fund basis. The three major categories of funds are Governmental Funds, Proprietary Funds, and Account Groups. Within each of these categories there are the following fund types and account groups:

(a) Governmental Funds include the General Fund, Special Revenue Funds, Capital Project Funds, and Debt Service Funds.

(b) Proprietary Funds include Enterprise Funds, Internal Service Funds, Fiduciary Funds, and the Deferred Compensation Fund.

(c) Account Groups include the General Fixed Assets Account Group, and the General Long-Term Debt Account Group.