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02-14-11 Regular Meeting of Fiscal Affairs Committee
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02-14-11 Regular Meeting of Fiscal Affairs Committee
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4/24/2017 1:39:34 PM
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City Meetings
Meeting Body
Fiscal Affairs Committee
Meeting Doc Type
Minutes
Date
2/14/2011
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COMBINING FINANCIAL STATEMENTS <br /> Internal 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 /> 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 /> 123 <br />
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