Which type of fund can be either expendable or nonexpendable?
A) Debt service
B) Enterprise
C) Trust
D) Special revenues

Question

Quizplus · Accepted Answer

Trust funds can be either expendable or nonexpendable, depending on the specific purpose and requirements set forth by the donor or governing body. Expendable trust funds can use both the principal and the earnings for their intended purpose, while nonexpendable trust funds must preserve the principal and can only spend the earnings.

Which Type of Fund Can Be Either Expendable or Nonexpendable