It accounts for money the General Assembly has set aside for a specific purpose. Funds can be treasury held or locally held. They can also be shared or non-shared. General Funds are those funds that finance most of the activities associated with State government such as education, prisons, and welfare. The largest and most well known of the General Funds is the General Revenue Fund.
Lease is a multiple year rental agreement for a piece of equipment or property.
If the State acquires ownership of the property at the end of the lease agreement, it is called a capital lease. Non-appropriated refers to monies that are exempted from appropriation. Obligations are contracts that are filed with the Comptroller's Office and reserve a portion of the agency's spending authority. Reappropriations are appropriations that are rolled over from one year to the next when a prior year's program requires additional time for completion. Receivables are monies that are owed the State.