Fiduciary Fund

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A Fiduciary Fund is a government fund that are used to account for assets held in trust fund by the government unit for the benefit of individuals or other entities.



References

2016a

  • (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/fund_accounting#State_and_local_government_funds Retrieved:2016-1-7.
    • Fiduciary funds are used to account for assets held in trust by the government for the benefit of individuals or other entities. The employee pension fund, created by the State of Maryland to provide retirement benefits for its employees, is an example of a fiduciary fund. Financial statements may further distinguish fiduciary funds as either trust or agency funds; a trust fund generally exists for a longer period of time than an agency fund.

2016b

2016c

2014

2008