enterprise fund: translation
(1) A fund established to account for government operations financed and operated in a manner similar to private business enterprises ( e.g., water, gas, and electric utilities; airports; parking garages; or transit systems). In this case the governing body intends that costs ( i.e., expenses, including depreciation) of providing goods or services to the general public on a continuing basis be refinanced or recovered primarily through user charges.
(2) A fund established because the governing body has decided that periodic determination of revenue earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. American Banker Glossary