Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!


Funds used by state and local governments are classified as governmental, proprietary, or fiduciary, depending on their activities and objectives.

  • Analyze the main differences between governmental and fiduciary funds


There are three types of funds used by the state and local government. The funds are called governmental, proprietary and fiduciary. Governmental funds are used to account for tax-supported governmental activities. Examples of governmental funds would be general fund, capital project fund, permanent fund, special revenue fund and debt service fund. This funds purpose is what the government used to be financed as well as assess the finances of the government in its entirety, including the year’s operating results, determine whether the government’s overall financial position improved or deteriorated and evaluate whether the government’s current-year revenues were sufficient to pay for current-year services

Proprietary funds are used to account for business type activities. Examples of these funds include interfund loans, proceeds of tax-supported bond issues and transfers from other relevant governments. This fund’s purpose is to detect fraud and account for all money. Fiduciary funds are used to account for resources held by an agency as a trustee or custodial capacity for outside parties. Examples of fiduciary funds would be agency funds, investment trust funds, pension and employee benefit trust funds and private purpose trust funds. Fiduciary funds purpose is just to hold funds for others, this is funds that can’t be touched by everyone or at any time.

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: DESTINY PAPERS only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of master's and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by DESTINY PAPERS are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. DESTINY PAPERS is known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At  DESTINY PAPERS, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.