FUND STRUCTURE
Governmental Funds are used to account for activities primarily supported by taxes, grants, and similar revenue sources. The governmental activities of the City include general government, public safety and public works.
Proprietary Funds are generally used to account for activities for which the City charges a fee to either its external or internal customers. The City maintains the following type of proprietary fund:
Enterprise Funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its sewer and water operations, which are considered major funds of the City.
Fiduciary Funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds include:
Agency Funds are used to account for assets held in an agency capacity for parties outside the City. The resources of these funds cannot be used to support the City’s own programs. The funds account for assets held by the City as an agent for other local and state agencies who are entitled to allocations from forfeiture/seizure funds through the adjudication process. Once the adjudication process for said funds is complete, the funds are dispersed to the respective agencies per the court order.