Proprietary Fund Operations. For activities similar to profit-seeking businesses Provides goods and services on a fee or user charge basis Should be self-supporting Accrual basis and Economic Resources Fixed assets, depreciation, and long-term debt are recorded in each proprietary fund.
Provides services to one or more internal departments of the same government entity
Used when services can be performed more efficiently and/or more timely
Provides services to other parties, both intergovernmental and outside government for a fee
Known as business-type services provided by the government entityProprietary Funds