The following classes of funds are recognized for use by airport 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) Construction. A fund used to account for the proceeds from the sale of bond issues or other long-term borrowings restricted for capital outlay.(d) Capital Outlay. A fund used to account for the accumulation of revenues restricted for capital outlay under Section 53731, Government Code, or the organic law of the district.(e) Special Aviation. The fund used to account for aviation fuel taxes apportioned to the district under Section 21682 of the Public Utilities Code and their expenditure for authorized aviation purposes.(f) Intragovernmental Service. A fund which accounts for services furnished to the district and which is financed primarily by charges for such services.(g) 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.(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, § 1052
1. Amendment of subsection (f) filed 3-8-77; effective thirtieth day thereafter (Register 77, No. 11).