(a) Trust funds. Funds used to account for assets held by the City in a trustee capacity for individuals, private organizations, other governments and/or other funds.
(b) Agency funds. Funds used to account for assets held by the City as an agent for individuals, private organizations, other governments and/or other funds.
(c) Inactive account. An account wherein no transactions have occurred within a twelve month calendar year as of December 31, except as to those accounts identified as inactive by the Director of Finance pursuant to the provisions of Section 190.04(a).
(Ord. 712-86. Passed 9-16-86.)