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C I T Y CLARK: IT OF SUNRISWAIVER OF REPORT (Section 106.07(7), F.S.)2020 JUN IO PH I: 14(PLEASE TYPE) OFFICE USE HALLMARK A. DOUGLASCOMMISSIONER GROUP A Office SoughtNameLAUDERDALE LAKES, FLORIDA
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Government agencies or organizations that have specific revenue streams tied to certain purposes.
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Special revenue funds are used to account for specific revenue sources that are legally restricted or committed for specific purposes.
Government entities or organizations that receive or spend money for specific purposes are required to file special revenue funds.
Special revenue funds should be filled out by documenting the specific revenue sources, restrictions, and purposes of the funds.
The purpose of special revenue funds is to ensure that money designated for specific purposes is accounted for separately and used only for those purposes.
Information such as the amount of revenue, restrictions on the funds, and how the funds are spent must be reported on special revenue funds.
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