What are Types of Government Funds?
Core Activities of Montana Local Governments: Governmental, Business-Type, and Fiduciary Functions
Most general‐purpose governments engage in three broad categories of activities:
• Governmental activities are those financed predominantly through taxes and
intergovernmental grants commonly referred to as non-exchange transactions.
• Business‐type activities are those financed predominantly through user charges.
• Fiduciary activities are those for which the government acts as a trustee or agent for individuals, external
organizations, or other governments.
• Governmental activities are those financed predominantly through taxes and
intergovernmental grants commonly referred to as non-exchange transactions.
• Business‐type activities are those financed predominantly through user charges.
• Fiduciary activities are those for which the government acts as a trustee or agent for individuals, external
organizations, or other governments.