Fiduciary Funds
Resources Held for Others
Fiduciary funds account for resources held in a trustee or custodial capacity for individuals, organizations, or other governments. These resources cannot be used to support the government's own programs.
- Pension trust funds.
- Investment trust funds.
- Private-purpose trust funds.
- Custodial funds.
Note
Fiduciary funds are excluded from government-wide financial statements because the resources do not belong to the government.
Summary
Governments serve as custodians rather than owners of fiduciary fund resources.