Definition of Investment of municipality

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TeachMeFinance.com - explain Investment of municipality



Investment of municipality

The investment of the municipality in its utility department, when such investment is not subject to cash settlement on demand or at a fixed future time. Include the cost of debt-free utility plant constructed or acquired by the municipality and made available for the use of the utility department, cash transferred to the utility department for working capital, and other expenditures of an investment nature.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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