Orangeheart72 said:
Wrong my friend. Lots of public funds aren't tax revenues.....utility bill monies, fines, special fees (alarm, insurance designated fee shares, tolls, airport gate fees, etc.). Even received donations become government monies once received if accepted.
I was talking about "State Funds" (which has nothing to do with airports, etc.)
Although the monies collected are in effect "government money", the rules surrounding the money is different.
I'm more familiar with CA funding of State agencies, but here is an article about the State of Texas funding of State Agencies, which explains it pretty clearly, and I think demonstrates the point I was trying to make.
"Local Funds" and State Finances
State Funds Outside the Treasury
The Texas Comptroller's office is responsible for tracking and reporting on every dollar flowing to and through state agencies. Yet some state funds lie largely beyond public scrutiny those held by state agencies and public colleges and universities in accounts
outside the state Treasury, called locally held or "local" funds.
(read more)
https://comptroller.texas.gov/economy/fiscal-notes/2017/august/local.phpBillions outside the TreasuryAgain, state agencies and entities with local funds self-report their end-of-year cash balances to the Comptroller's office for inclusion in the ACFR, but they're
not required to report deposits and expenditures. If a local fund has a zero balance at the end of the fiscal year, the agency doesn't have to report on it at all, even if substantial amounts flowed in and out of the fund during the year.
