Using your CAFR from Module One (New York City CAFR) I attach in previous homework post.
!. Discuss your governments proprietary funds and/or fiduciary funds in your initial post.
2.Specifically, what activities are covered in those funds?
3.Did you find anything confusing about the funds?
here are samples of classmates post related to this questions:
The City of San Antonio has two types of Proprietary Funds: Enterprise Funds and Internal Services Funds. Enterprise Funds are primarily used to keep track of the business-like activities performed by the unit of government. The City uses enterprise funds to account for its Airport System, Development Services, Market Square, Parking System, and Solid Waste Management, (City of San Antonio, 2015). While Internal Services Funds are used to collectively keep up with all the costs allocated among the City functions internally.
Fiduciary Funds, on the other hand, are used to account for resources held for the benefit of parties outside the primary government, (City of San Antonio, 2015). These types of resources could be considered to be pensions and different investment fund accounts such as municipal bonds or real estate.