Orange County NC Website
31 <br /> <br />• <br /> <br />SPECIAL REVENUE FUND <br />Current Definition: <br />Special Revenue Funds are used to account <br />for the proceeds of specific revenue <br />sources that are legally restricted to <br />expenditure for specified purposes. <br />SPECIAL REVENUE FUNDS <br />G _ __ ._ <br />~: . <br />Statement 54 Definition: <br />• Special Revenue Funds are used to account <br />for and report proceeds of specific revenue <br />sources that are ` to <br />expenditure for specified purposes other than <br />debt service or capital projects. <br />