City of Palm Desert is a public entity that manages its monies as governed by the generally accepted accounting practices. A public entity must ensure appropriate use of public funds.
The City of Palm Desert manages a number of funds to provide a wide variety of programs and services to the community.
GENERAL FUND SPECIAL REVENUE FUNDS
Day to day city services (non-restricted_ supported by general taxes
Restricted funds with specific purposes
CAPITAL PROJECT FUNDS
Major purchases and/or projects
DEBT SERVICE FUNDS
PROPRIETARY FUNDS (ENTERPRISE/INTERNAL SERVICE)
Loans, bonds, for Assessment Districts and Community Facilities District
Restricted funds for Desert Willow/ Park View Office Complex or benefits
FIDUCIARY FUNDS
Trusts