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r JUN 26 1995 c BOOK `'",r. r. 7 200 - DEBT SERVICE GROUP OF ACCOUNTS (Bond Issues) 300 - PROJECT GROUP OF ACCOUNTS (Construction Projects - Buildings construction, Jail construction, Roads construction, etc.) 400 - ENTERPRISE GROUP OF ACCOUNTS (Landfill, Utilities & Building Department) 500 - INTERNAL SERVICE GROUP OF ACCOUNTS (Fleet Management) 600 - TRUST GROUP OF ACCOUNTS (Escrow) 700 - SPECIAL ASSESSMENT GROUP OF ACCOUNTS ( Petition paving, Water &.Sewer Rte. 60, etc.) 800 - POOLED CASH GROUP OF ACCOUNTS 900 - FIXED ASSETS GROUP OF ACCOUNTS The following fund types do not need to be addressed annually: FUND TYPE 200"S - DEBT SERVICE GROUP When the Board of County Commissioners adopts the Bond Resolutions to issue any bonds, they assure proper funding and budgets for the life of the bond issue through the bond covenants. FUND TYPE'300"S - PROJECT GROUP When the Board of County Commissioners approves a project, which usually - covers several fiscal years, they adopt .a budget for the life of the *project which doesn't require annual review. FUND TYPE 400'S*- ENTERPRISE GROUP When the Board of County Commissioners reviews the budget at workshop (both revenues,.expenses and -capital), there is no need to adopt budgets at final hearings: FUND TYPE 500'S -.INTERNAL SERVICE GROUP The same theory applies.as the group 400's fund type. FUND TYPE 600'S - ESCROW GROUP No budgets required FUND TYPE 7001S - SPECIAL ASSESSMENT -GROUP When the Board of County Commissioners approves the assessments, a budget for the life of that project assessment should be adopted, not requiring annual review. _ FUND TYPE 800'S - POOLED CASH GROUP No budget required FUND TYPE 900'S - FIXED ASSET GROUP No budget required Recommendation = The Board of County Commissioners only address budgets on Fund types 000 & 100 on an annual basis, leaving the balance of Fund types to be handled at the times as outlined. 12 b�a�