Program
revenues derived directly from the program itself or from parties outside the
reporting government’s taxpayers or citizenry, as a whole; they reduce the net
cost of the function to be financed
from the government’ general revenues.
The Statement of activities should separately report three categories
of program revenues:
(a) charges for
services, (b) program-specific operating grants and contributions, and (c )
program-specific capital grants and contributions.
Charges for services
include revenues based on exchange or exchange-like transactions.
These revenues arise from charges to
customers or applicants who purchase use, or directly benefit from the goods,
services, or privileges.
Program specific grants and contributions
(operating and capital) include revenues arising from mandatory and voluntary
nonexchange transactions with other governments, organizations, or individuals
that are restricted for use in a particular program.
All revenues are general revenues unless they are required to be reported as program
revenues.
All taxes, even those that are levied for a specific purpose,
are general revenues and should be reported by type of tax - for example,
sales tax, property tax, income tax, etc.