Examples of Agency fund in a sentence
Agency fund – is custodial in nature and does not present results of operations or has a measurement focus.
When the Trust and Agency fund is used as a clearinghouse for expenses, transfers from the General Fund to the Trust and Agency Fund will be recognized in the rate calculation process, if consistent with regular District practice and in compliance with this Manual.
Agency Fund - The Agency fund is the School Activities fund which is used to account for monies collected principally through fund-raising efforts of the students and District-sponsored groups.
Does the Lead Agency fund local or regional CCR&R organizations?☐ No. The state/territory does not fund a CCR&R organization(s) and has no plans to establish one.☒ Yes.
Agency fund – funds used to report assets held by the municipal reporting entity in a purely custodial capacity (payroll clearing fund, county treasurer tax collection accounts, etc.).
Does the Lead Agency fund local or regional CCR&R organizations?[ ] No. The state/territory does not fund a CCR&R organization(s) and has no plans to establish one.[x] Yes.
Measurement Focus – cont’d Agency fund – is custodial in nature and does not present results of operations or has a measurement focus.
Agency fund transactions typically involve only the receipt, temporary investment and distribution of these fiduciary resources.
Business fund – funds financed in whole or in part by fees charged to users of the goods or services (i.e. enterprise and internal service fund etc.) Agency fund – funds used to report assets held by the municipal reporting entity in a purely custodial capacity (payroll clearing fund, county treasurer tax collection account, etc.).
Agency fund – funds used to report assets held by the municipal reporting entity in a purely custodial capacity (payroll clearing fund, county treasurer tax collection account, etc.).