In this lesson, explore the intricacies of governmental accounting with Nick Palazzolo, CPA, as he provides an in-depth analysis of Enterprise Funds. These funds are crucial for understanding how governments manage business-type activities that serve the public, such as utilities, hospitals, and transportation. Nick illustrates this concept with practical examples such as water utilities, public golf courses, and even airports, emphasizing how these operations are typically funded through user fees. He breaks down the categorization of operating and non-operating revenues and expenses within these funds, making sure to clarify the complexities of capital contributions and the role of debt in financing these activities. With his engaging storytelling and vibrant examples, Nick makes learning about Enterprise Funds not only informative but also enjoyable.
Lesson: Enterprise Fund
In this lesson, explore the intricacies of governmental accounting with Nick Palazzolo, CPA, as he provides an in-depth analysis of Enterprise Funds. These funds are crucial for understanding how governments manage business-type activities that serve the public, such as utilities, hospitals, and transportation. Nick illustrates this concept with practical examples such as water utilities, public golf courses, and even airports, emphasizing how these operations are typically funded through user fees. He breaks down the categorization of operating and non-operating revenues and expenses within these funds, making sure to clarify the complexities of capital contributions and the role of debt in financing these activities. With his engaging storytelling and vibrant examples, Nick makes learning about Enterprise Funds not only informative but also enjoyable.
Updated: Oct. 20, 2021 Create an account