17-36-6. Required funds and accounts.
(1) In its system of accounts, each county shall maintain the following funds or account
groups that are appropriate to its needs:
(a) a general fund;
(b) special revenue funds;
(c) debt service funds to account for the retirement of general obligation bonds or other
long-term indebtedness including the payment of interest;
(d) capital project funds, as required to account for the application of proceeds from the
sale of general obligation bonds or other general long-term debt, or funds derived from other
sources, to the specific purposes for which they are authorized;
(e) a separate fund for each utility or enterprise such as an airport fund, a sewer fund, a
water fund, or other similar funds;
(f) intragovernmental service funds;
(g) trust and agency funds such as a cemetery perpetual-care fund or a retirement fund;
(h) a separate fund for each special improvement district, which shall be known as a
special assessment fund;
(i) a ledger or group of accounts to record the details relating to the general fixed assets
of the county;
(j) a ledger or group of accounts to record the details relating to the general obligation
bonds or other long-term indebtedness of the county;
(k) municipal services fund as required in Section 17-36-9; and
(l) any other funds for special purposes required or established under the uniform system
of budgeting, accounting, and reporting.
(2) The county shall classify the funds and account groups established under the authority
of this section according to the uniform procedures established by this chapter.
Amended by Chapter 212, 1996 General Session
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Last revised: Thursday, May 28, 2009