Page 53 - Pantego Adopted Budget FY20

SPECIAL REVENUE FUNDS

Special Revenue Funds are used to account for general government
financial resources that are restricted by law or contractual agreement to
specific purposes other than debt service or major capital projects. These
funds exist as long as the government has resources dedicated to specific
purposes. The Town of Pantego has (5) special revenue funds.

Shamburger and Cartwright Library Funds – Both of these funds
were created by bequeaths of the Town from two of its departed
citizens. The Shamburger Fund is used to account for the care,
lodging and feeding of stray animals found within the Town limits.
The Cartwright Fund is used for library services and the maintenance
and development of the Town’s website.

Court Security Fund – This fund was created by the State
Legislature to fund municipal court security. It pays for the labor of
supplying security for both the courtroom and court offices.
Resources are accumulated by collection of fees on every infraction
that has been adjudicated by the Town.

Court Technology Fund – This fund was created by the State
Legislature to fund improvements in technology in the municipal court
system. Like the Court Security Fund, resources come from the
collection on infractions issued by the Town.