City of Raleigh
Special Revenue Funds
Grants Fund (nonmajor fund)
The Grants Fund accounts for activities to which federal, state, and other aid is contributed, with
the exception of capital projects, federal community development, and public transportation
assistance. This fund centralizes all funding sources for these activities and provides for full
Housing Bond Fund (nonmajor fund)
The Housing Bond Fund accounts for City housing development programs which are financed
by general obligation bond issues.
Community Development Fund (nonmajor fund)
The Community Development Fund accounts for United States Department of Housing and
Urban Development (HUD) grant proceeds allocated to the City for community development
Disaster Recovery Fund (nonmajor fund)
The Disaster Recovery Fund accounts for federal and state reimbursement for disaster recovery
activities resulting from various natural disasters and the City’s flood mitigation program.
Convention Center Financing Fund (nonmajor fund
The Convention Center Financing Fund accounts for hotel and motel occupancy taxes collected
by the County and remitted to the City per an interlocal agreement to fund the financing of the
Emergency Telephone System Fund (nonmajor fund)
The Emergency Telephone System Fund is used to account for 911 revenues received by the
state 911 board to enhance the state’s 911 system.