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The difference between fixed funds and repair funds

Fixed funds refer to the funds occupied by the fixed assets of administrative institutions. Fixed funds usually increase or decrease according to the increase or decrease in the book balance of fixed assets, and the amounts of the two are usually equal.

Renovation fund, also called house maintenance fund, actually includes special fund for house public facilities and house maintenance fund. The special fund for housing public facilities, referred to as the special fund, is used for projects such as the renewal and renovation of the most used parts of the property, public facilities and equipment, and may not be misappropriated for other purposes. The special fund implements the principle of "money goes with the house". When the house is transferred, the remaining funds in the account are also transferred to the new property owner of the house.