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08/19/2019 13:42 dasanza|TOWN OF OLD ORCHARD BEACH |FY 20 GEN FUND THRU JULY 2019|P 1 |glytdbudFOR 2020 01 ACCOUNTS FOR: ORIGINAL TRANFRS/ REVISED AVAILABLE PCT 001 General Fund APPROP ADJSTMTS BUDGET
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A solved special revenue fund is a designated fund used by governments to account for the proceeds of specific revenue sources that are restricted for particular purposes.
Entities that receive designated special revenue funds are required to file a solved special revenue fund, including state agencies, local governments, and non-profit organizations that manage these funds.
To fill out a solved special revenue fund, entities must provide detailed information about the revenue sources, expenditures, and the purpose of the funds, typically using designated forms provided by the governing authority.
The purpose of a solved special revenue fund is to ensure proper management and allocation of specific revenues for their intended use, enhancing accountability and transparency in government finances.
The report must include information on revenue sources, amounts collected, expenditures made, and the overall balance of the fund, ensuring a clear trace of the fund's financial activity.
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