A revolving fund is a special budget account that is authorized to sell goods or services and to use the proceeds to fund the next round of business. An example is the Postal Service Fund, which delivers the mail and uses the income from stamp sales to cover the costs. The income “revolves” in the sense that it stays in the Postal Service Fund and is available to fund Postal Service operations.
1. What is a revolving fund?
Category: Revolving Fund Questions