Posts Tagged ‘general fund’

Transferring Money from an Enterprise Fund: Authority, Limitations, and Consequences

Friday, June 5th, 2015

As local governments finalize their budgets, many governing boards are wrestling with difficult decisions over how to raise sufficient revenues to cover estimated expenses during the upcoming fiscal year. G.S. 159-8 requires a governing board to adopt a balanced budget ordinance, whereby estimated revenues plus appropriated fund balances equal appropriations. This balanced budget requirement applies […]

Transfers between an Enterprise Fund and the General Fund

Monday, October 26th, 2009

Many local government officials, reticent to increase their unit’s property tax or other tax rates, look to alternative revenue sources to support general government services and activities. One potential source of revenue is that generated from the fees and charges assessed on “customers” of a unit’s public enterprise services (such as water, sewer, solid waste, […]