Enterprise Fund

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Enterprise Fund

 

in the USSR, a fund set up at enterprises operating on the basis of profit-and-loss accounting in order to increase worker incentive. The enterprise fund was introduced in August 1955.

The enterprise fund was set up on the basis of norms ranging from 1 to 6 percent of planned and from 30 to 60 percent of over-plan profit, the norms depending on the level of profitability. The uses of the fund, with expenditures requiring the consent of the factory or plant trade union committee, were as follows: up to 40 percent was used to improve the service amenities for workers, to finance bonuses and stays at houses of rest and sanatoriums, and to provide grants to individuals in need; at least 20 percent went for the expansion of production, the introduction of new technology, and the modernization of equipment; and at least 40 percent was devoted to the construction and repair of housing and the construction of service facilities.

As enterprises shifted to the new system of planning and economic incentives, the enterprise fund was replaced by three special economic incentive funds, namely the material incentive fund, the social-cultural and housing fund, and the fund for the expansion of production.

B. E. PEN’KOV

References in periodicals archive ?
She runs the Cairo office of an innovative, little-noticed development project that's quietly backed by the two governments, known as the Egyptian American Enterprise Fund.
However, because the installment sale agreements limit the payments made by each enterprise fund to the specific dollar amount of debt service payments and payments made by the water fund equal the debt service on the 2010A bonds, the effective repayment pledge on the 2010B bonds is limited to payments made by the natural gas enterprise fund.
13 December 2017 - A joint venture affiliate of Florida, US-based Blue Magma Residential LLC and New York, US-based NCP Enterprise Funds has acquired a USD 34m Southeast multifamily portfolio comprised of three prime value-add assets, the company said.
It is because most of these studies focus on either a single utility fee-based service or a few selected services only; however, in order to understand the municipalities' reliance on fee-supported services, we argue it is reasonable to look at total revenue that comes from enterprise service as an aggregated measure of enterprise funds from the total revenue.
The Egyptian-American Enterprise Fund and the Tunisian-American Enterprise Fund would steer investment capital to existing or start-up businesses in both countries, which have seen economically vital tourism monies dry up.
The introduction of a pounds 35 million enterprise fund to help university-launched businesses was similarly well received by the university's students he claimed.
Town Manager David Ames said he does not believe any action will be needed for Article 4, which is the sewer enterprise fund.
Normally, the opinion units consist of governmental activities, business-type activities, the aggregate discretely presented component units, each major government and enterprise fund and the aggregate remaining fund information (that is, nonmajor funds, internal service funds and fiduciary funds).
Other individual governmental or enterprise funds should be reported as major funds based on the following: (1) if assets, debt, revenue, or expenditures (expenses) of the individual fund is 10 percent or more of the total associated with all funds of the category or type and (2) assets, debt, revenues, or expenditures (expenses) of the individual government fund or enterprise fund is 5 percent or more of the corresponding total for all governmental and enterprise funds combined.
Subsidization occurs between some municipal general funds and their enterprise funds. Since they do not operate on a rate of return basis, they are vulnerable to financial strains from rapid market changes.
In this article, I will investigate the extent to which hybrid organizations are beyond the control of elected representatives by examining two sets of hybrids with similar objectives: Enterprise Funds and investment funds sponsored by the Overseas Private Investment Corporation (OPIC).
The finance will be invested for up to ten years to provide equity and quasi-equity to small regionally based enterprises in England and Wales in the Midland Enterprise Funds and a new innovation fund.

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