Intergovernmental revenue definition
/What is Intergovernmental Revenue?
Intergovernmental revenue is funding received from another government, either in the form of a grant or as reimbursement for costs incurred. The recipients of these funds record them as revenue .
Examples of Intergovernmental Revenue
Here are several examples of intergovernmental revenue arrangements:
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Child care funding . The federal government issues funding to state governments to pay for a portion of the child care costs of lower-income taxpayers.
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Education funding . The federal government issues education-related funding to state governments for further distribution at the local level.
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Highway tax receipts . A state government shares a portion of its highway tax receipts with the county and municipal governments within its boundaries.