"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. #5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06; ss by #10652, eff 8-8-14 (from Rev 2201.09); ss by #14027, eff 7-16-24