Special Revenue Fund

A Special Revenue Fund is a governmental fund that are earmarked for and restricted to expenditures for specific purposes.

• Context:
  • It can (typically) be established by Statute.
  • It can include receipts reserved for appropriation, revolving funds, and grants from governmental entities and gifts from private individuals or organizations.
• Example(s):
  • a Federal Grant Fund, such as a FEMA fund.
  • a State Grant Fund.
  • …
• Counter-Example(s):
  • a Capital Projects Fund.
  • a Special Purpose Fund.
• See: Governmental General 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 revenue fund: Funds, established by statute only, containing revenues that are earmarked for and restricted to expenditures for specific purposes. Special revenue funds include receipts reserved for appropriation, revolving funds, and grants from governmental entities and gifts from private individuals or organizations.

• (Investopedia, 2016) ⇒ http://www.investopedia.com/terms/s/special-revenue-fund.asp
  • QUOTE: An account established by a government to collect money that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency to taxpayers that their tax dollars will go toward an intended purpose. Governments must rely on operating and capital budgets to pay for their other expenses.

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