Special Purpose Fund

A Special Purpose Fund is a governmental fund that ...

• Context:
  • It can be diverted to other uses by vote of the appropriating authority.
• See: Special Revenue Fund.

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References

2016

• (City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
  • QUOTE: Special purpose fund: Money set aside by appropriation for specific purposes authorized by statute only. Money remains in the fund from year-to-year, but unlike special revenue fund balances, can be diverted to other uses by vote of the appropriating authority.

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