Section Rev 1703.01 - Classification of Funds(a) Governmental funds shall consist of:(1) A general fund, to account for all financial resources of the municipality except those required to be accounted for in another fund;(2) Special revenue fund(s) to account for the proceeds of specific revenue sources, other than expendable trusts or major capital projects, that are legally restricted to expenditure for specified purposes;(3) Capital project fund(s) to account for financial resources used to acquire or construct capital facilities, other than those financed by proprietary funds and trust funds;(4) Permanent fund(s) to account for and report resources restricted to the extent that only earnings and not principal may be used for purposes to support the benefit of the municipality's programs;(5) Expendable trust funds established pursuant to RSA 31:19-a; and(6) Capital reserve and non-capital reserve funds established under RSA 34 and RSA 35.(b) Fiduciary funds shall account for assets held by a municipality for other parties that cannot be used to finance the municipality's own operating programs:(1) In a trustee capacity, such as, but not limited to: a. Deferred compensation plan trust funds pursuant to RSA 31:19-b;b. Pension trust funds; andc. Other employee benefit trust funds established pursuant to RSA 31:19-c; or(2) In an agency capacity, fund(s) for: b. Private organizations; or(c) Proprietary funds shall consist of: (1) Enterprise fund(s) which shall be used to account for operations: a. That are financed and operated similar to private business enterprises where the intent of the governing body is that the expenses, including depreciation, of providing goods or services to the general public on a continuing basis are financed or recovered primarily through user charges; orb. Where the governing body has decided that periodic determination of revenues earned, expenses incurred, and net income is appropriate for: 5. Other public purposes; and(2) Internal service fund(s) which may be used to account for the financing of goods or services provided on a cost reimbursement basis by one department or agency of a municipality to other:a. Departments or agencies of the municipality; orN.H. Admin. Code § Rev 1703.01
#4940, eff 9-25-90; ss by #6335, eff 9-24-96 (from Rev 1705); ss by #8179, eff 9-24-04; ss by #10214, eff 10-24-12
Amended by Volume XLII Number 49, Filed December 8, 2022, Proposed by #13489, Effective 11/15/2022, Expires 11/15/2032 (see Revision Note at chapter heading for Rev 1700)