Www.publicsurplus.com Motor Pool (2024)

FAQs

What is a motor pool fund? ›

The Motor Pool Fund provides for the purchase and maintenance of 65 motor vehicles from police cruisers to front end loaders to trolleys as well as 70 miscellaneous pieces of equipment from snow plows to lawn mowers. Fire equipment is not included in this fund because of the specialized nature of the equipment.

the General Motor Pool consists of vehicles that are controlled by GSD and can be temporarily checked-out by employees to conduct work-related functions during business hours.

What are Pooled Funds? Pooled funds is a term used to collectively refer to a set of money from individual investors combined, i.e., “pooled” together for investment purposes. The funds are combined with the intention of benefiting from economies of scale through cost minimization.

Pooled funds are funds in a portfolio from many individual investors that are aggregated for the purposes of investment. Mutual funds, hedge funds, exchange traded funds, pension funds, and unit investment trusts are all examples of professionally managed pooled funds.

Efficiency: Motor pools aim to maximize vehicle utilization, ensuring that vehicles are used to their fullest potential and reducing the number of underutilized or idle vehicles.

At its core, the term refers to a shared pool of vehicles that various members of an organization can use as needed. This approach contrasts with assigning specific vehicles to individuals or departments.

Often managed in conjunction with an on-campus student transportation system, a motor pool is defined as a centralized fleet of vehicles that can be used by students, faculty, and staff for both on and off-campus transportation.

The major difference between pooled funds and mutual funds is their legal status under securities law. Pooled funds are not “public” investments, which means investment and trading in pooled funds is restricted. Securities legislation defines the rules for a “public” security.

The definition of a motor pool is a group or fleet of motor vehicles whose use is shared on a short-term basis by the personnel of an organization.

The majority of mutual funds can be classified into four primary categories: Bond funds, Money Market funds, Target date funds, and Stock funds. Each category possesses distinct characteristics, risks, and potential returns. Below is a comprehensive enumeration of mutual fund types.

What are three types of funds? ›

The Generally Accepted Accounting Principles (GAAP) basis classification divides funds into three fund categories: governmental, proprietary, and fiduciary. The GAAP basis classification assigned to a fund impacts how the fund is displayed in the Annual Comprehensive Financial Report.