"Fund" means a fiscal and accounting entity with a self-balancing set of accounts which is:
- (a) Used to record cash and other financial resources, with all related liabilities and residual equities or balances, and changes therein; and
- (b) Segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with applicable restrictions or limitations as provided by statute and related administrative rules.
Source. #5454, eff 8-28-92; ss by #6809, eff 7-21-98; ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14 (from Rev 2001.09); ss by #14072, eff 9-10-24