Intergovernmental revenue

Intergovernmental revenue is funding received from another government, either in the form of a grant or as reimbursement for costs incurred. For example, a state government may share a portion of its highway tax receipts with the county and municipal governments within its boundaries. Or, the federal government issues education-related funding to state governments for further distribution at the local level. The recipients of these funds record them as revenue.

Related Courses

Governmental Accounting