Permanent Funds account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for the benefit of the state or its citizenry. The Higher Education Facilities Fund accounts for the acquisition, construction, and remodeling of higher education facilities. The State Facilities Fund accounts for the construction and remodeling of public buildings. A brief description of each fund follows: The Transportation Revenue Bond Fund accounts for the accumulation of resources for, and the payment of, revenue transportation bond principal and interest.Ĭapital Projects Funds account for the acquisition, construction, or improvement of major capital facilities (other than those financed by proprietary funds for individuals, private organizations, or other governments). The Tobacco Settlement Securitization Bond Fund accounts for the accumulation of resources for, and the payment of, principal and interest on bonds issued by the Tobacco Settlement Authority, a blended component unit of the state.
The Transportation General Obligation Bond Fund accounts for the accumulation of resources for, and the payment of, general obligation transportation bond principal and interest. The General Obligation Bond Fund accounts for the accumulation of resources for, and the payment of, non-transportation general obligation long-term debt principal and interest. The Local Construction and Loan Fund accounts for construction and loan programs for local public works projects.ĭebt Service Funds account for the accumulation of resources for, and the payment of, principal and interest on the state's bonds issued in support of governmental activities. This fund also accounts for charges for services by state institutions of higher education. The Higher Education Fund primarily accounts for grants and contracts received for research and other educational purposes. The Wildlife and Natural Resources Fund accounts for the protection and management programs of the state's wildlife, habitats, and natural resources, including forests, water, and parks. The Human Services Fund accounts for the following: (1) funds provided to local governments for the construction or substantial remodeling of detention and correctional facilities, and (2) defraying the cost of administering unemployment compensation. The Central Administrative and Regulatory Fund accounts for operating expenditures of certain administrative and regulatory agencies.
#Fund principal definition driver#
This fund accounts for activities relating to drivers’ licensing, driver improvement, financial responsibility, maintenance of driving records, and other non-highway transportation improvements.
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Multimodal Transportation Fund revenues are derived principally from motor vehicle operators. This fund accounts for the following: (1) highway activities of the Washington State Patrol (2) operation of the state ferry system and (3) maintenance of non-interstate highways and bridges, completion and preservation of the interstate system, other transportation improvements. Motor Vehicle Fund revenues are generated from vehicle fuel taxes, vehicle licenses, and federal transportation agencies. Special Revenue Funds account for the proceeds of specific revenue sources (other than trusts for individuals, private organizations, or other governments, or for major capital projects) that are legally restricted to expenditures for specific purposes. Other Accounts in the General Fund - Used for accounts that have no balances or activity.
This includes the Budget Stabilization Account and accounts used to finance local projects, which are generally funded with bond proceeds and do not result in an asset owned by the state. The General Fund - Basic Account accounts for all financial resources and transactions not accounted for in other funds.Īdministrative Accounts in the General Fund - Used for accounts that have administrative functions but do not have a specific revenue source, and are generally funded with General Fund transfers.
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