General Fund

From GM-RKB
(Redirected from GENERAL FUND)
Jump to navigation Jump to search

A General Fund is an unrestricted fund that used to account financial resources governed by a organization.



References

2016

  • General fund - this is the minimum fund needed for unrestricted resources and relates to current as well as non-current assets and related liabilities which can be used at the discretion of the organisation's governing board.

2008

General Fund Subsidy – Most often used in the context of enterprise funds. When the revenue generated by rates, or user fees, is insufficient to cover the cost to provide the particular service, general fund money is used to close the gap in the form of a subsidy. The subsidy may or may not be recovered by the general fund in subsequent years.