Enterprise funds account for operations (a) that are financed and operated in a manner
similar to private business enterprises, where the intent of the governing body is
that the costs (expenses, including depreciation) of providing goods or services to
the general public on a continuing basis be financed or recovered primarily through
user charges; or (b) where the governing body has decided that periodic determination
of revenues earned and expenses incurred, and/or net income is appropriate for capital
maintenance, public policy, management control, accountability, or other purposes
consistent with generally accepted public accounting principles.
