The largest fund within the city, the General Fund accounts for most of the financial resources of the government. General Fund revenues include property taxes, licenses and permits, local taxes, service charges and other types of revenue. This fund usually includes most of the basic operation services, such as fire and police protection, park and recreation, libraries, public works, transportation and general administration.
Revenue is defined as funds that the government receives as income.
It includes such items as tax payments, fees from specific services, receipts from other governments, fines and forfeitures, licenses and permits, and interest income. Expenditures refers to the outflow of funds paid or to be paid for an asset obtained or goods and services obtained regardless of when the expense is actually paid. This term applies to all funds. All rights reserved.