GAO Glossary of Terms and Definitions (September 2005)

Franchise Fund

A type of intragovernmental revolving fund that operates as a self-supporting entrepreneurial entity to provide common administrative services benefiting other federal entities. These funds function entirely from the fees charged for the services they provide consistent with their statutory authority. (See also Intragovermental Revolving Fund Account under Intragovernmental Fund Account under Federal Fund Accounts under Account in the President’s Budget.)

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Forward Funding


FTE (Full-Time Equivalent)