Internal service funds definition
Internal service funds means funds used for the financing of goods or services provided by one department or agency to other departments or agencies of the city unit, or to other governmental units, on a cost-reimbursement basis. Such funds shall utilize the accrual basis of accounting.
Internal service funds means funds utilizing the accrual basis
Internal service funds means funds used for the financing of
Examples of Internal service funds in a sentence
Internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions.