Each local government shall maintain, according to its own needs:

1. 1. The following kinds of governmental funds:

   1. (a) General fund;
   2. (b) Special revenue fund;
   3. (c) Capital projects fund;
   4. (d) Debt service fund; and
   5. (e) Permanent fund.

2. 2. The following kinds of proprietary funds:

   1. (a) Enterprise fund; and
   2. (b) Internal service fund.

3. 3. The following kinds of fiduciary funds:

   1. (a) Pension and other employee benefits funds;
   2. (b) Investment trust funds;
   3. (c) Private-purpose trust funds; and
   4. (d) Agency funds.

(Added to NRS by 1965, 732; A 1971, 200, 1014, 1342; 1981, 1765; 1983, 1636; 1989, 403; 2001, 1806)