Agency Fund

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Agency Fund

Any funds that a government or government unit holds on behalf of another. For example, if the State of Oklahoma holds money for the State of Texas, or the City of Tulsa for Tulsa Public Schools, these monies are called agency funds.
References in periodicals archive ?
As of May 30, 2014, the fair market value of the thirty (30) trust and agency funds was
However, other issues were listed in the petition - the most troubling being the misuse of public Urban Renewal Agency funds.
The Skills Funding Agency funds and regulates adult further education and skills training in England.
The Spanish agency funds a number of small joint researches carried out by Spanish and Jordanian universities annually.
No agency funds shall be used "to disseminate scientific information that is deliberately false or misleading," the statute commands.
It's a condition for the district to receive assistance during an emergency and receive Federal Emergency Management Agency funds after an emergency.
For example, representatives of a company that combined an EPA loan with city, state, and other federal agency funds to redevelop a brownfield site near Seattle, Washington, said that EPA's loan, while small, provided critical up-front funds for cleanup.
The plan was funded by Federal Emergency Management Agency funds, money from the Port Authority budget and insurance proceeds.
For example, in an embezzlement case, the investigator would need to examine bank records and interview bank tellers to prove that the suspect converted agency funds to personal use.
Only in rare cases when a recipient government serves solely as a cash conduit--that is, it has no administrative or direct financial involvement in the program--would grants be reported in agency funds (which recognize only increases and decreases in cash, not revenues and expenditures).
Operations in the past three years have been characterized by the full use of reserves, available state and agency funds through transfers, expenditure reductions and tax increases.
The agency funds and manages the state's recycling program, and owns and operates the Central Landfill and Materials Recycling Facility in Johnston, Rhode Island.

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