Which of the following is not a proprietary fund?
A) City Water Enterprise Fund.
B) City Motor Pool Internal Service Fund.
C) City Hall Capital Projects Fund.
D) None of the above..

Question

Quizplus · Accepted Answer

Proprietary funds are used by a government to account for activities that are business-like in nature, where the government provides goods or services to the public or other government agencies on a cost-reimbursement basis. These include Enterprise Funds and Internal Service Funds. The City Water Enterprise Fund and the City Motor Pool Internal Service Fund are both examples of proprietary funds. The City Hall Capital Projects Fund, however, is a governmental fund used to account for financial resources that are being used for the acquisition or construction of major capital facilities, not for business-like activities.

Which of the Following Is Not a Proprietary Fund