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Revenue Classification Policy

Authority:
GASB Codification 1800.115 and .122

Effective Date:
7/1/95

Policy:
Governmental Funds and Expendable Trust Funds
Revenues should be classified by fund and source. Revenues are classified by the following sources:

• Taxes
• Federal funds
• Local funds
• Investment earnings
• Interest earnings on loans
• Sale, rental and lease of property
• Fees, licenses and fines
• Contributions, gifts and grants
• Funds escheated
• Miscellaneous Sales and services

Proprietary Funds, Nonexpendable and Pension Trust Funds
Revenues should be classified in essentially the same manner as those of similar business organizations, functions or activities. Revenues should be classified as operating or nonoperating. Operating revenues are directly related to the funds primary purpose whereas nonoperating revenues are incidental or by products of the primary purpose.

Revenues are classified by the following sources:

Operating Revenues:
• Sales and services
• Investment earnings
• Rental and lease earnings
• Contributions
• Miscellaneous
• Federal funds
• Interest earnings on loans
• Fees, licenses and fines
• Insurance premiums

Nonoperating Revenues:
• Gain on sale of property
• Compact fees
• Donations
• Miscellaneous
• Investment earnings
• Insurance recoveries
• Federal grants