Modified
Agency funds are purely custodial in nature which is why the fund wouldn't have revenue or expenses. The fund balance sheets show only assets (such as cash and investment) and liabilities (which is the amounts owned to the beneficiaries). Assets always equal liabilities which is why there are no net assets
Net revenue from funds refers to the total income generated by a fund after deducting all associated expenses, such as management fees, operating costs, and any other relevant charges. It represents the actual financial benefit that a fund produces for its investors. This metric is crucial for assessing the fund's performance and profitability, as it provides insight into how effectively the fund is managing its resources. Understanding net revenue helps investors make informed decisions about their investments.
Capital is fund injection by stakeholder(s) in a business entity. It could be in the form of outright purchase of right into the business or through reinvestment of profit. Revenue is money generated by the business through sales of goods or service.
petty cash
Yes, a license fee is often imposed as a form of revenue generation by governments or regulatory bodies. These fees are typically charged for the right to engage in certain activities, such as operating a business, using public resources, or practicing a profession. The revenue collected from license fees can help fund public services and regulatory oversight.
It's full accrual because it is considered part of the business type activities of a government. Something, such as the general fund, is considered modified because it is a budgetary tool and it would not consider future liabilities, only current.
The local governments usually have multiple Special Revenue Fund.
yes
general fund
The General Fund and Special Revenue Funds generally perform the same types of operating services. They are both governmental type funds and therefore use the same measurement focus and basis of accounting to account for and report on their activities. They differ in that the General fund accounts for revenues and other financing sources raised to provide for all day-to-day-operating activities, whereas Special Revenue Funds are used to account for a specific revenue source that must be used only to finance a specified activity
The General Fund and Special Revenue Funds generally perform the same types of operating services. They are both governmental type funds and therefore use the same measurement focus and basis of accounting to account for and report on their activities. They differ in that the General fund accounts for revenues and other financing sources raised to provide for all day-to-day-operating activities, whereas Special Revenue Funds are used to account for a specific revenue source that must be used only to finance a specified activity
Revenue Equalization Reserve Fund was created in 1956.
The general revenue fund (?)
It is the excess revenue income over revenue expenditure for an insurance company.
Magazines use advertising revenue to fund most of the publication costs.
private businesses
The symbol for Special Opportunities Fund Inc. in the NYSE is: SPE.