Published On:Sunday 8 January 2012

Posted by Muhammad Atif Saeed

Fiduciary funds are used to account for assets held by the state in a trustee capacity, or as an agent for others and that cannot be used to support the state's own programs. There are four types of fiduciary funds: private-purpose, pension (and other employee benefit), and investment trust funds, and agency funds. Refer to PRIVATE-PURPOSE TRUST FUNDS, PENSION (AND OTHER EMPLOYEE BENEFIT) TRUST FUNDS, INVESTMENT TRUST FUNDS, and AGENCY FUNDS.