Which of the following is NOT a type of government fund?

The response identifies "Equity Fund" as not being a type of government fund, which is correct. In governmental accounting, funds are categorized as specific collection and spending entities that serve different purposes within government financial management.

The General Fund, Special Revenue Funds, and Debt Service Funds are all established categories within the framework of governmental accounting.

The General Fund is the main operating fund of a government and is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds are used to account for revenue derived from specific taxes or other earmarked revenue sources that are restricted for specific purposes. Debt Service Funds are designated specifically for the accumulation and payment of principal and interest on long-term debt.

On the other hand, an Equity Fund does not fall into these categories. In a governmental context, "equity" often refers to the residual interest in the assets of an entity after deducting liabilities and is not designated as a separate fund type utilized for budgeting or accounting within government entities. Therefore, recognizing that "Equity Fund" does not align with the established categories of government funds confirms the identification of the correct answer.