A. There is established the General Fund of the Borough. The General Fund shall be the primary operating account of the Borough, and unless otherwise provided for, all revenue and expenses of the Borough shall be accounted for through the General Fund.

B. The Assembly or the Mayor may establish other funds of the Borough as required. Any fund established, and the management of that fund, shall conform substantially to the standards promulgated by the national committee on governmental accounting or its successor. The major categories of funds shall be:

C. The Finance Director shall maintain groups of accounts for general fixed assets and general long-term debt. (Ord. 85-001 § 2, 1985. 2004 Code § 3.01.040.)