Changes

These funds generally include:

These funds generally include:

*'''General Fund''': This is usually the largest fund, and includes all governmental revenues and expenditures not designated for a specific purpose.  For taxpayers, revenues include property and sales taxes, while expenditures include law enforcement, public safety, parks, and general government services.  There will be only one general fund.

*'''General Fund''': This is usually the largest fund, and includes all governmental revenues and expenditures not designated for a specific purpose.  For taxpayers, revenues include property and sales taxes, while expenditures include law enforcement, public safety, parks, and general government services.  There will be only one general fund.

*'''Special Revenue Fund''': These funds have dedicated revenues which can only be used for a specific purpose, and a government can (and usually does) have several such funds.  A common one is a state highway fund, funded by gasoline and other fuel taxes, which can only be used for transportation improvements.

*'''Special Revenue Fund''': These funds have dedicated revenues which can only be used for a specific purpose, and a government can (and usually does) have several such funds.  A common one is a highway fund, funded by gasoline and other fuel taxes (along with funding provided by federal and state governments), which can only be used for transportation improvements.

*'''Capital Projects Fund''': These funds are for the acquisition and/or construction of fixed assets (such as a new fire station).  As with special revenue funds, commonly a government will have several such funds at any one time, with each project having its own fund.  Once a specific project ends and all expenditures completed, the associated fund ceases to exist.

*'''Capital Projects Fund''': These funds are for the acquisition and/or construction of fixed assets (such as a new fire station).  As with special revenue funds, commonly a government will have several such funds at any one time, with each project having its own fund.  Once a specific project ends and all expenditures completed, the associated fund ceases to exist.

*'''Debt Service Fund''': These funds (also called '''interest and sinking funds''') account for funds used to pay long-term debts.  Bonds issued by a government, to be paid with tax levies over a period of years, nearly always require an associated debt service fund (and each separate bond package will have its own fund).  As with capital project funds, once the bonds and associated interest are repaid for a particular package, the fund ceases to exist.

*'''Debt Service Fund''': These funds (also called '''interest and sinking funds''') account for funds used to pay long-term debts.  Bonds issued by a government, to be paid with tax levies over a period of years, nearly always require an associated debt service fund (and each separate bond package will have its own fund).  As with capital project funds, once the bonds and associated interest are repaid for a particular package, the fund ceases to exist.