Municipal Enterprise Funds

Municipal enterprise funds are a type of accounting used by local government entities to manage and track the income and expenses of services they provide that operate like businesses, such as water, sewage, or public transportation. These funds are intended to be self-supporting, meaning they generate enough revenue through user fees and charges to cover their costs without relying on general tax funds. They help ensure transparency and accountability by clearly separating the finances of these specific services from other government activities.