why is governmental Accounting called a fund Accounting

ge1 established III recognized 1S 18 be as revenue or expenditure. principle that must be followed if PART II: SHORT PROBLEMS (50 POINTS) 1. The City of Maple Tree use its General Fund for different purposes because it is a very small City he General Fund collects much of its funds for: Internal Service Fund, Government Operations Fund, Capital Projects Fund and for Water & Sewage Utility Fund( Enterprise Fund). At the beginning of the year The Government passes an Appropriations Bill for the Following Funds The City Ordinance empowers General Fund to retain 20% of the funds it collects as FUND Balance On January 2, 2019 the following events took place: a. Estimated Property Revenues for 2019 is $10,000,00 b. Bonds were issued for financing Vehicles Repair Services(Internal Service Fund) at $3,000,000 Bonds were issued for financing a New City Hall at $6,000,000 Bonds to improve Sewage & Utility Services $4,000,000. c. d. Required Prepare the necessary Journal entries to record the General Fund Budget and the necessary Appropriations to the various Funds Stated above. Do not forget to recognize 20% that must go to Fund Balance from each Fund