AGENCY FUNDS

 

Agency Funds are used to account for assets held by the government as an agent for individuals, private organizations, other governments and/or other funds.

 

 

 

Payroll Clearing Fund – This fund is used to account for withholdings from payroll pending payment to outside agencies.

 

Municipal Court Fund – This fund is used to account for cash bonds paid by defendants.

 

KPRF Fund – This fund is used by the Parks and Recreation Department to purchase tickets, pay travel agents and pay for other reimbursable expenses.

 

Fire Insurance Proceeds Fund – This fund accounts for insurance proceeds received and held by the City until the affected property is demolished.