Page 54 - Pantego Adopted Budget FY21
P. 54

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 (3) special revenue funds.


                       Shamburger Fund – this fund was created by bequeath of the Town
                       from a departed citizens.  The Shamburger Fund is used to account
                       for  the  care,  lodging  and  feeding  of  stray  animals  found  within  the
                       Town limits.


                       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.
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