Governmental Funds
Used to account for core public services, including general operations, transportation, public safety, tourism, capital projects, grants, assessments, and other restricted activities.
Financial Structure, Policies, and Process
Fund Descriptions and Structure
How Walton County organizes public resources by purpose, restriction, and financial reporting requirements.
Walton County uses fund accounting to separate resources by legal restriction, program purpose, and intended use. This structure supports transparency, budgetary control, and clear reporting for operating services, capital investments, enterprise activities, and resources held on behalf of others.
Fund Types At A Glance
Proprietary Funds
Used for activities that operate similarly to business-type functions or internal service activities, where costs are recovered through user charges or internal allocations.
Fiduciary Funds
Used to account for resources held by the County on behalf of other individuals, agencies, governments, or funds.
Major Governmental Funds
General Fund
The County's primary operating fund. It accounts for financial resources not required to be reported in another fund, with major funding from ad valorem taxes.
Transportation Fund
Accounts for motor fuel taxes, local option gas taxes, state revenue sharing, and grants supporting roadway construction, maintenance, drainage, and infrastructure operations.
Sheriff Fund
Accounts for fines, forfeitures, grants, and transfers supporting Sheriff operations in accordance with Florida Statutes.
Tourist Development Fund
Supports tourism promotion, beach renourishment, visitor-serving infrastructure, and public safety initiatives funded primarily by tourist development taxes.
Solid Waste Fund
Accounts for landfill operations funded through County surtaxes, state grants, landfill fees, and scrap sales revenues.
Capital Projects Fund
Accounts for resources designated for acquiring, constructing, and improving major capital facilities and infrastructure.
Non-Major Governmental Funds
- MSBU FundSpecial assessments for infrastructure improvements.
- Building FundFees and assessments supporting building compliance activities.
- SHIP FundState Housing Initiatives Partnership Program grant resources.
- Mosquito Control FundDependent district activities for mosquito and insect control.
- Mosquito Control State Aid FundState grant resources for mosquito and insect control.
- E911 FundPhone charges assessed for emergency assistance services.
- Housing & Urban Development FundFederal Department of Housing and Urban Development grants.
- Preservation FundFees paid in lieu of reserved land for restoration of native vegetation on public lands.
- Recreation Plat Fee FundDeveloper assessments supporting recreational facilities.
- Sidewalk FundAssessments paid in lieu of constructing required sidewalks.