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G G Ge e en n ne e er r ra a al l l F F Fu u un n nd d d
The General Fund is used to account for resources traditionally associated with
governments which are not legally or by sound financial management required to be
accounted for in another fund. The General Fund provides for the daily operations of
the city.
Revenues are derived primarily from property taxes, sales taxes, franchise fees, service
fees and development related fees.
The fund is accounted for on a modified accrual basis of accounting. Revenues are
recorded when available and measurable. Expenditures are recorded when the liability
is incurred.
City of Azle 2020-2021 Budget 49
