Page 147 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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Storm Drain Utility Enterprise Fund
The Storm Drain Utility Enterprise is a proprietary fund. Its purpose is
to account for operations that are financed and operated in a manner
similar to private business enterprises where the intent of the City
Council is that cost of providing services to the general public on a
continuing basis be financed or recovered primarily through use charges.
This fund is used to account for user fees charged per residential and commercial unit to
enhance drainage of properties within the City. All activities necessary to provide such
services are accounted for in this fund, including but not limited to, administration,
operations and maintenance.
Accounting records for the Storm Drain Utility Fund are maintained on the accrual basis.
Where Does the Money Come From?
Where Does the Money Go?
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