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Governmental Fund Types
Types of funds used by governmental entities to account for their financial resources, including general, special revenue, debt service, capital projects, and permanent funds.
Modified Approach
Modified Approach is a method in governmental accounting allowing certain assets to be reported at historical cost, exempt from the regular depreciation accounting if they are maintained at predefined condition levels.
Infrastructure Assets
Long-term physical assets that are critical for providing public services, including roads, bridges, and water supply systems.
Maintenance Costs
Expenses incurred to keep an asset in working order or restore it to proper condition; does not improve upon the original asset.
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