1.
This is not a piggy bank, but it sure holds money for just one purpose—kind of like labeled jars in your grandma’s kitchen.
2.
If someone gave you $1,000 to fix potholes, this concept would be why you better not spend it on a taco truck.
3.
This type of organization does not aim for profit, but it still needs careful books to show how every donated dollar is used.
4.
This public body uses your taxes—and it better be able to explain how, or people start asking loud questions at town hall meetings.
5.
Think of this like a money GPS: it tells where you can go financially, but go off-course and you might hit a fiscal traffic jam.
6.
If all the other funds are specialists, this one is the multitasker—handling schools, snow plows, and street lights all in one.
7.
This fund holds other people’s money, and no, you cannot borrow it—not even if you promise to pay it back “soon.”
8.
This type of fund runs like a mini business inside the government—customers pay for water, and the city tracks every drop and dollar.
9.
This accounting twist only counts money when it is “ready and real,” not just promised with a handshake or a hope.
10.
Shining a light on financial decisions, this principle ensures nobody hides a dollar under the accounting rug.
11.
This is the money rolling in—maybe from taxes, maybe from parking tickets—but each penny gets tracked like a VIP guest.
12.
The money goes out the door here, paying for potholes, payroll, or a new community pool, depending on which pot it came from.
13.
You will not find gossip here—just numbers that tell the full story of what came in and what went out.
14.
In fund accounting, this term is like the final score—it tells you what is left after the spending game ends.
15.
It is not about friendships—it is the behind-the-scenes math check that keeps the books honest and the totals matching.
