Page 142 - CityofHaltomFY24Budget
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PROPRIETRY FUNDS
There are two types of proprietary funds – enterprise funds and internal service
funds. Enterprise funds are used for services provided to the public on a user
charge basis, similar to the operation of a commercial enterprise. Internal
service funds are used for operations serving other funds or departments within
a government on a cost-reimbursement basis. The City has two operation with
three supporting capital enterprise funds and no internal service fund. The two
operation enterprise funds are:
» Water & Sewer Fund
» Drainage Fund
