Section 1113.1 - Funds and Account GroupsThe funds and account groups listed and defined in this section ar prescribed for use by districts in the accounting situations indicated.
(a) General. The 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) Accumulative Capital Outlay. A fund used to account for revenues and expenditures of monies restricted to capital outlay.(d) Zone No. ___. A fund used to account for taxes and assessments levied upon less than the entire taxable property of the district and other revenues restricted for the benefit of the areas taxed.(e) Bond. A fund used to account for the proceeds from the sale of bonds issued.(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 which accounts for assessments levied against certain properties to defray the cost of improvements or services presumed to be of special benefit to the owners of such property.(h) Trust and Agency. A fund used to account for money or other property received by the district in its capacity of trustee or agent to be disbursed in accordance with the conditions of the trust or agency.(i) General Fixed Asset Group of Accounts. A self-balancing group of accounts to present the cost, or assigned value in lieu of cost, of fixed assets owned by the district, along with sources of investment.(j) General Long Term Debt Group of Accounts. A self-balancing group of accounts to present the amount of future principal and interest payments on long-term debt of the district.Cal. Code Regs. Tit. 2, § 1113.1
1. Amendment of subsection (f) filed 3-8-77; effective thirtieth day thereafter (Register 77, No. 11).