Title
Enterprise Funds
Issuer
BOA
Topic(s)
Accounting Policies and Procedures, Special Funds
Keywords
enterprise funds uniform accounting standards guidelines rules revenues expenditures budget retained earnings general reporting reimbursements indirect costs allocation methodology capital expenses raising raise deficit tax levy subsidy services providing provision provide investment income surplus appropriate appropriation
Statutes
44:53F 1/2; 44:53F1/2
Cases
Summary
This Informational Guideline Release provides guidance for local officials on the use of an enterprise fund to separately account for certain municipal services provided to individual customers for a charge in a manner similar to private business. The guidelines prescribe uniform accounting standards for enterprise fund revenues and expenditures. They also set forth the policies that apply to the review of enterprise budgets for tax rate setting purposes. These guidelines include a significant statutory change, effective January 15, 2015, when G.L. c. 44, § 53F½ was amended to allow a city or town to adopt an enterprise fund for “cable television public access.” St. 2014, c. 352
Status
Superseded by IGR 2022-16. Effective as of 4/1/2021. Supersedes IGR 2008-101, the June 2008 Enterprise Fund Manual, and inconsistent prior public written statements.
