The funds listed and defined below are recognized for use by water utility districts.
(a) General. A fund that is available for any authorized purpose and which is therefore used to account for all revenues and all expenditures not provided for in other funds.(b) Debt Service. A fund used to account for revenues appropriated for the periodic payment of interest, and the principal of matured long-term debt.(c) Sinking. A fund established by periodic contributions and earnings thereon to provide for retirement of bond principal.(d) Construction. A fund used to account for the proceeds from the sale of bond issues or other long-term borrowings restricted for capital outlay.(e) Accumulative Capital Outlay. A fund used to account for the accumulation of revenues restricted for capital outlay under Section 53731 Government Code.(f) Special Assessment. A fund used to account for assessments levied against certain properties to defray the cost of improvements or services presumed to be of special benefit to the property owners.(g) Intragovernmental Service. A fund which accounts for services furnished to the district and which is financed primarily by charges for such services.(h) Trust and Agency. A fund used to account for money or other property received by the district in the capacity of trustee or agent.Cal. Code Regs. Tit. 2, § 1042
1. Amendment of subsection (g) filed 3-8-77; effective thirtieth day thereafter (Register 77, No. 11).