Which of the following is NOT an account type included in the Revolving Fund?

• A. Overhead Accounts
• B. Plant Replacement and Improvement Program (PRIP)
• C. Facility Accounts
• D. Operating Funds

Answer: (D)

Revolving funds are set up to be self-sustaining, with internal accounts that separate different kinds of costs so the fund can recover expenses from its activities. Overhead Accounts capture indirect costs like administration and shared services that support the fund’s operations. Plant Replacement and Improvement Program accounts are used to plan and fund major capital replacements and improvements, ensuring the fund can maintain its assets over time. Facility Accounts cover the funding tied to the facilities used by the program, such as maintenance and utilities allocated to the revolving activities.

Operating Funds, on the other hand, are not an internal revolving-fund account type. They typically represent general operating appropriations or funds that support day-to-day operations outside the self-contained, user-charge—driven structure of a revolving fund. Because of that, they aren’t part of the Revolving Fund’s internal account categories.