Special revenue fund definition
/What is a Special Revenue Fund?
A special revenue fund is a fund used within a government entity to record the proceeds from certain revenue sources for which fund usage is restricted. The use of a special revenue fund makes it easier to track cash inflows and outflows related to special-purpose activities. They are especially useful for maintaining the accountability for specially-allocated funds. A government may be required to report the cash inflows and outflows associated with a special revenue fund.
Examples of Special Revenue Funds
Examples of special revenue funds are those used for the funding of parks, libraries, schools, and wastewater management.