Government Entity Fund
A Government Entity Fund is an organizational funds for a government entity.
- Context:
- It can range from being a Local Government Fund (such as a city fund), a State/Province Fund, to being a National Government Fund.
- It can (typically) weigh policy priorities against available Public Resources.
- It can (typically) specify the ways and means of providing Public Programs and Public Services.
- It can (typically) establish the cost of programs and the criteria by which these programs will be evaluated for efficiency and effectiveness.
- It can (typically) ensure that the programs will be evaluated at least once each budget cycle.
- It can (typically) redistributes income.
- It can (typically) provide the government with a spending limitation.
- It can (typically) provide transparency by which the government may be held accountable at the end of each budget cycle or political term.
- Example(s):
- Counter-Example(s):
- See: Government Entity, Government Entity Department, Securities, Commodities, Investment, Government Bond, Government Revenue, Government Expenditure.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/fund_accounting Retrieved:2015-12-13.
- Fund accounting is an accounting system emphasizing accountability rather than profitability, used by non-profit organizations and governments. In this system, a fund is a self-balancing set of accounts, segregated for specific purposes in accordance with laws and regulations or special restrictions and limitations.[1]
The label, fund accounting, has also been applied to investment accounting, portfolio accounting or securities accounting – all synonyms describing the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund. [2] [3] Investment accounting, however, is a different system, unrelated to government and nonprofit fund accounting.
- Fund accounting is an accounting system emphasizing accountability rather than profitability, used by non-profit organizations and governments. In this system, a fund is a self-balancing set of accounts, segregated for specific purposes in accordance with laws and regulations or special restrictions and limitations.[1]
- ↑ Leon E. Hay (1980). Accounting for Governmental and Nonprofit Entities, Sixth edition, page 5. Richard D. Irwin, Inc., Homewood, IL. ISBN 0-256-02329-8
- ↑ IFRS for Investment Funds Deloitte Development LLC (2008). See "Challenges and Opportunities for Investment Funds" on p. 3. Retrieved 2010-05-17
- ↑ Hedge Funds Accounting. Green Trader Funds. Retrieved 2010-05-17
2014
- http://www.nlc.org/build-skills-and-networks/resources/cities-101/city-finances/public-budgets
- QUOTE: A budget is a political instrument that: weighs policy priorities against available public resources; specifies the ways and means of providing public programs and services; establishes the cost of programs and the criteria by which these programs will be evaluated for efficiency and effectiveness; ensures that the programs will be evaluated at least once each budget cycle; redistributes income; provides the government with a spending limitation; and provides transparency by which the government may be held accountable at the end of each budget cycle or political term.
The budget is generally composed of an operating budget, which shows expenditures for the current period, and a capital budget, which shows the financial plans for long-term capital improvements, facilities, and equipment. The two budgets may be consolidated in order to indicate the amount of total estimated revenues available for the current period and the amount of new debt to be incurred for projects in the capital budget.
- QUOTE: A budget is a political instrument that: weighs policy priorities against available public resources; specifies the ways and means of providing public programs and services; establishes the cost of programs and the criteria by which these programs will be evaluated for efficiency and effectiveness; ensures that the programs will be evaluated at least once each budget cycle; redistributes income; provides the government with a spending limitation; and provides transparency by which the government may be held accountable at the end of each budget cycle or political term.