A self-insurance Internal Service Fund may $\textbf{ not }$ include which of the following in its charges to other funds?

Question

A self-insurance Internal Service Fund may $\textbf{    not  }$ include which of the following in its charges to other funds?

Quizplus · Accepted Answer

A self-insurance Internal Service Fund is not allowed to include a provision for profit in its charges to other funds. The purpose of the fund is to provide insurance coverage at cost to other funds within the government, not to generate profit. Charges should be based on actual or estimated costs, including a reasonable provision for catastrophic losses. However, a provision for profit is not acceptable under this type of fund.

A Self-Insurance Internal Service Fund May not \textbf{ not } not

A Self-Insurance Internal Service Fund May $\textbf{ not }$