N.H. Admin. Code § Rev 2203.01 - Classification of Funds

(a) Governmental funds shall be used to account for activities supported by taxes, grants, or other similar revenue and shall consist of:

(1) A general fund to account for all financial resources of the county except those required to be accounted for in another fund;

(2) Special revenue fund(s) to account for the proceeds of specific revenue sources other than expendable trusts or major capital projects and exclusive of resources held in trust for other individuals, private organizations, or other governments, that are legally restricted to expenditure for specified purposes;

(3) Capital project fund(s) to account for financial resources used to acquire or construct capital facilities, other than those financed by proprietary funds and trust funds;

(4) Capital reserve funds established under RSA 35;

(5) Permanent fund(s) to account for and report resources restricted to the extent that only earnings and not principal may be used for purposes to support the county's programs; and

(6) Non-capital reserve funds under RSA 35:1-c.

(b) Fiduciary funds shall:

(1) Account for assets held by a county in a trustee or agency capacity for others and which therefore cannot be used to support the county's own programs;

(2) Consist of:

a. Pension and other employee benefit trust funds, such as, deferred compensation plans and post employment benefit plans under RSA 31;

b. Private purpose-trust funds used to report all other trust funds held in a fiduciary capacity for individuals, private organizations, and other governments, other than pension or investment trust funds;

c. Investment trust funds managed in a trustee relationship for outside parties; and

d. Agency funds held temporarily in a custodial capacity.

(c) Proprietary funds are business type activities that shall consist of:

(1) Enterprise fund(s) which may be used to account for operations:

a. That are financed and operated similar to private business enterprises where the intent of the governing body is that the expenses, including depreciation, of providing goods or services to the general public on a continuing basis are financed or recovered primarily through user charges; or

b. Where the governing body has decided that periodic determination of revenues earned, expenses incurred, and net income is appropriate for:

1. Capital maintenance;

2. Public policy;

3. Management control;

4. Accountability; or

5. Other public purposes; and

(2) Internal service fund(s) which may be used to account for the financing of goods or services provided, on a cost-reimbursement basis, by one department or agency of a county to other:

a. Departments or agencies of the county; or

b. Other governments.

Notes

N.H. Admin. Code § Rev 2203.01

Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024 (formerly Rev 2204.01). Amended by Number 32, Filed August 8, 2024, Proposed by #14027, Effective 7/16/2024, Expires 7/16/2034.