Governments use proprietary funds to account for business-type activities.

Name: Governments use proprietary funds to account for business-type activities.
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Governments use proprietary funds to account for business-type activities such as utilities, airports, and parking garages. These funds are intended to be self-supporting through user fees and charges, and the accounting principles for proprietary funds are similar to those used in the private sector.

Governments Use Proprietary Funds to Account for Business-Type Activities