Dictionary of Procurement Terms

1. A type of proprietary fund used to account for the fees charged in exchange for goods and services. An enterprise fund must generate revenue, provide goods or services, or operate as a stand-alone fund or be self-supporting. 2. A fund that controls various utilities such as water, water reclamation, storm water, electric, and other entities, providing service financed through user charges. See also: Internal Service Fund, Proprietary Fund.