General fund definition
/What is a General Fund?
A general fund is the primary fund used by a government entity. This fund is used to record all resource inflows and outflows that are not associated with special-purpose funds. The money flowing into a general fund is usually derived from a variety of taxes, such as income taxes, sales taxes, use taxes, and lodging taxes (depending on the level of government). The activities being paid for through the general fund constitute the core administrative and operational tasks of the government entity. Since the bulk of all resources flow through the general fund, it is most critical to maintain control over the expenditures from it.
How is a General Fund Used?
Here are some examples of what a general fund typically covers at the local government level:
Administration. It covers the salaries and administrative expenses for city council members, county board members, and supporting staff.
Public safety. It covers the police and fire departments, including all salaries, benefits, training, equipment, and day-to-day operations for police officers, firefighters, emergency responders, and administrative staff.
Public works. It covers the repair, maintenance, and operations of streets, sidewalks, bridges, and other public roadways.
Libraries. It covers the operating costs of public libraries, including salaries for librarians, purchasing books, and maintaining facilities.
Public health. It covers programs such as vaccination clinics, health screenings, and public health education.
Parks and recreation. It covers the upkeep of local parks, playgrounds, and green spaces, as well as community events, sports leagues, and recreational activities that are free or subsidized.