Which fiduciary funds may include funds like Community Development Block Grants?

Community Development Block Grants (CDBG) are typically associated with funding that is aimed at developing communities and can involve multiple uses such as housing, infrastructure, and public facilities. When considering fiduciary funds, private-purpose trust funds are designed to hold and manage resources for specific purposes benefiting individuals, organizations, or other entities, but they don’t specifically address the public development aspect.

Agency funds are used to hold assets in a custodial capacity, meaning they don't involve direct benefits for the governmental entity itself. Instead, these funds act as a pass-through for resources that will eventually be distributed to other entities or individuals.

CDBG funds can be administered through agency funds because they often involve managing funds collected from the federal government that will be allocated to local government units, non-profits, or other local entities for specific development purposes. Therefore, agency funds are indeed the type of fiduciary funds that may include or be related to Community Development Block Grants, as they manage resources for others without any ongoing supervisory involvement by the governmental entity holding the funds.