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10-25-04 Regular Meeting of La Porte Audit Committee
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10-25-04 Regular Meeting of La Porte Audit Committee
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2/8/2022 7:07:14 AM
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City Meetings
Meeting Body
Audit Committee
Meeting Doc Type
Minutes
Date
10/25/2004
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11 <br />1 <br />[I <br />I <br />COMBINING FINANCIAL STATEMENTS <br />IInternal Service Funds <br />' Internal Service Funds account for the financing of goods or services provided by one City department for <br />another. <br />Motor Pool Fund — This fund is used to account for the cost of operating and maintaining automotive and other <br />equipment used by City departments and the purchase of general government vehicles (those not used by <br />proprietary fund activities). Service charges are billed to departments on a monthly basis to cover all expenses <br />of the fund. <br />' Technology Fund — This fund is used to account for the cost of operating and maintaining computer software <br />and equipment used by City departments. Service charges are billed to departments on a monthly basis to <br />1 cover all expenses of the fund. <br />Insurance Fund — This fund is used to account for the provision of group health coverage for all City employees <br />and others eligible under the City's plan, including employee dependents and retirees. <br />I <br />1 <br />1 <br />1 <br />97 <br />
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