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The Consolidated Fund

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a British fund formed by consolidating (in 1787) three public funds (the Aggregate Fund, the General Fund, and the South Sea Fund). In 1816, the larger part of the revenues of Great Britian and Ireland was assigned to what has been known as the Consolidated Fund of the United Kingdom, out of which are paid the interest of the national debt, the salaries of the civil list, etc.

See also: Consolidated



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When the budgets for FY1997 were unveiled, the school superintendent had proposed level funding for the consolidated fund, while the county administrator assumed some slight growth to be split using the formula for the previous fiscal year.
 
 
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