Public utilities owned and operated by governments are common examples of enterprise funds.

Question

Quizplus · Accepted Answer

Enterprise funds are used by governments to account for operations that are similar to those performed by for-profit businesses. Examples include utilities, airports, and parking facilities. These operations are expected to be self-sustaining, with revenue generated from user fees covering the costs of providing the service or product.

Public Utilities Owned and Operated by Governments Are Common Examples