b'ProprietaryFunds are used to account for business-type activities of the government wherebygoods or services are provided to customers external to the government, and where the activity isoften nanced with debt that is secured solely from the revenues of the activity or where the userfees and charges are sucient to cover the costs of providing the goods or services, includingrelated capital costs such as depreciation or debt service. In other words, the activity is to be self-Proprietary supporting.Funds Beaufort County has four Enterprise Funds:Stormwater, Solid Waste and Recycling, Hilton HeadIsland Airport and Beaufort Executive Airport.The county also utilizes an Internal Service Fund forthe Garage/Fleet Maintenance department. Enterprise funds account for capital assets, includingdepreciation expense, as well as associated debt within each fund. Although depreciation is not anexpense for which cash must be paid, it is still included in the budget to aid in long term planning.SummaryA summary of EnterpriseFunds revenue and expensecomparisons for scal years 2020 through 2023 can be seen below. This is a combinationof all four of our Enterprise Funds.$50M$40M$30MActual Revenue Source$20MBudgeted Revenue SourceOver Budget Revenue Source$10M Actual ExpendituresBudgeted Expenditures$0FY2020 FY2021 FY2022 FY2023 FY2024Beaufort County, SC | Budget Book 2024 Page 120'