Page 33 - CityofForestHillFY25AdoptedBudget
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Fund Structure Chart
GOVERNMENTAL FUND TYPES
The General Fund is used to account for financial resources used for general operations. This is
a budgeted fund and any fund balances are considered resources available for current
operations. All revenues and expenditures not required to be accounted for in other funds area
are accounted for in this fund. The General Fund appropriations are adopted as part of the annual
budget process. The General Fund is accounted and budgeted on the modified accrual basis.
Special Revenue Funds are used to account for resources restricted to, or designated for, specific
purposes by a grantor. Federal and state financial assistance generally is accounted for in a
Special Revenue Fund. Normally, unused balances are returned to the grantor at the close of
specified project period. Special Revenue Funds appropriations are adopted as part of the annual
budget process.
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