Proprietary funds primarily provide services to the general public for a fee.

Question

Quizplus · Accepted Answer

Proprietary funds are used by a government to account for activities that provide services to other parts of the government or to other governments, rather than to the general public. These funds operate in a manner similar to private businesses, where the intent is to cover costs (primarily through user charges) and in some cases to generate profits.

Proprietary Funds Primarily Provide Services to the General Public for a Fee