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Fiduciary Fund
A fund used by a government to account for assets held in a trustee or agency capacity for individuals, private organizations, or other governments.
GASB Concepts Statement No. 1
A document issued by the Governmental Accounting Standards Board outlining objectives and concepts that guide the development of accounting and financial reporting standards for state and local governments.
Primary Users
The main audience or recipients of financial reports, typically considered to be existing and potential investors, lenders, and other creditors.
Capital Projects Fund
A governmental accounting fund used to account for financial resources set aside for the acquisition or development of major capital assets.
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