fiduciary fund

The accounting basis applied to fiduciary funds depends upon the needs of a specific fund.

Fiduciary funds are used to account for assets held in trust by the government for the benefit of individuals or other entities.

The employee pension fund, created by the State of Maryland to provide retirement benefits for its employees, is an example of a fiduciary fund.

State and local governments use three broad categories of funds: governmental funds, proprietary funds and fiduciary funds.

Remaining fund information, consisting of all other nonmajor governmental and enterprise funds, internal service fund type, and fiduciary fund type.

Financial statements may further distinguish fiduciary funds as either trust or agency funds; a trust fund generally exists for a longer period of time than an agency fund.

Mr. Buek was a former president of the New York State Bank Fiduciary Fund and was on the faculty of the Stonier Graduate School of Banking.

THE lenders - the defendants in this action - said Madison Lexington "may desire to misapply building funds to pay attorneys or its principals' personal obligations, but it is precisely against such unauthorized disbursements that the fiduciary funds are protected by the loan documents.

In connection with unremitted fiduciary funds, A.M. No. 10-8-3-SC was also cited to clarify that the Chief Justice may not remit such fiduciary funds to the Bureau of Treasury without authorization from Congress.