The accounts of the City are organized into funds. A fund is a grouping of related accounts that is used to
maintain control over resources that have been segregated for specific activities or objectives. The operation of
each fund is accounted for with a self-balancing set of accounts that comprise its assets, liabilities, fund
balance/net position, revenues, and expenditures. The City, like other state and local governments, uses fund
accounting to ensure and demonstrate compliance with finance-related requirements. There are three fund type
categories: Governmental, Proprietary, and Fiduciary. In addition, the City of Manassas includes a discretely-
presented component unit, the Manassas City Public Schools.
GENERAL FUND: The General Fund accounts for all financial transactions not required to be accounted for in
any other fund. The General Fund accounts for the normal recurring activities of the City such as public
safety, public works, and other general government departments. These activities are funded by revenue
sources such as general property taxes, other local taxes, permits, fees, licenses, fines, forfeitures, charges
for services, and aid from the Commonwealth and Federal Government.
SPECIAL REVENUE FUNDS: Special revenue funds account for the proceeds of specific revenue resources
that are restricted or committed to expenditures for specified purposes other than debt service or capital
projects; these resources require separate accounting because of legal or regulatory provisions or
The special revenue funds not included in the City’s operating budget are the Merchant Trust Fund (Merchant
Family donations for the Museum) and the Speiden Carper House Fund (donations restricted for use at the
Speiden Carper House).
The special revenue funds included in the City’s operating budget are the following:
Social Services Fund – Administration of the State Social Services Program, the Federal Housing
Program, and other Human Services Programs
Fire and Rescue Fund – Revenues received from a tax levy created to fund fire and rescue services
Owens Brooke District Fund – Revenues received from a tax to maintain roads in Owens Brooke
PEG Fund – Revenues received from a cable surcharge to purchase cable equipment
DEBT SERVICE FUNDS: Debt service funds account for the payment of principal and interest on debt. The
City has one debt service fund which accounts for the debt service of the General Fund, the Fire and Rescue
Fund, and the Manassas City Public Schools. The other governmental funds do not have debt service.
CAPITAL PROJECTS FUNDS: Capital projects funds account for the acquisition, construction, or renovation
of major capital facilities of the City. None of the capital projects funds are included in the City’s operating
budget. The City’s capital projects funds are the General Capital Projects Fund (for general government
functions), the Gateway Capital Projects Fund (development of the Gateway Business Park), the
Transportation Capital Projects Fund (new City streets and highways), and the Northern Virginia
Transportation Authority Fund (for projects funded in part by a 0.7% sales tax collected in the Northern Virginia
region for transportation improvements).
PERMANENT FUNDS: Permanent funds account for monies provided by private donors that are restricted for
a specific use, using only the earnings from the resource and not the principal. The City has one permanent
fund, Cemetery Trust Fund, which is used to fund the maintenance of the City’s two cemeteries.