Public Finance Activities
Description
This industry comprises government establishments primarily engaged in public finance, taxation, and monetary policy. Included are financial administration activities, such as monetary policy; tax administration and collection; custody and disbursement of funds; debt and investment administration; auditing activities; and government employee retirement trust fund administration.
Hierarchy
| Code | Title | Description |
|---|---|---|
| 92 | Public Administration 2-digit sector | The Sector as a Whole The Public Administration sector consists of establishments of federal, state, and local government agencies that administer, oversee, and manage public programs and have executive, legislative, or judicial authority over other institutions within a given area. These agencies also set policy, create laws, adjudicate civil and criminal legal cases, and provide for public safety and for national defense. In general, government establishments in the Public Administration sector oversee governmental programs and activities that are not performed by private establishments. Establishments in this sector typically are engaged in the organization and financing of the production of public goods and services, most of which are provided for free or at prices that are not economically significant. Government establishments also engage in a wide range of productive activities covering not only public goods and services but also individual goods and services similar to those produced in sectors typically identified with private-sector establishments. In general, ownership is not a criterion for classification in NAICS. Therefore, government establishments engaged in the production of private-sector-like goods and services should be classified in the same industry as private-sector establishments engaged in similar activities. As a practical matter, it is difficult to identify separate establishment detail for many government agencies. To the extent that separate establishment records are available, the administration of governmental programs is classified in Sector 92, Public Administration, while the operation of governmental programs is classified elsewhere in NAICS based on the activities performed. For example, the governmental administrative authority for an airport is classified in Industry 92612, Regulation and Administration of Transportation Programs, while operating the airport is classified in Industry 48811, Airport Operations. When separate records for multi-establishment companies are not available to distinguish between the administration of a governmental program and the operation of it, the establishment is classified in Sector 92, Public Administration. Examples of government-provided goods and services that are classified in sectors other than Public Administration include: schools, classified in Sector 61, Educational Services; health care facilities, classified in Sector 62, Health Care and Social Assistance; establishments operating transportation facilities, classified in Sector 48-49, Transportation and Warehousing; the operation of utilities, classified in Sector 22, Utilities; and the Government Printing Office, classified in Subsector 323, Printing and Related Support Activities. |
| 921 | Executive, Legislative, and Other General Government Support 3-digit subsector | The Executive, Legislative, and Other General Government Support subsector groups offices of government executives, legislative bodies, public finance, and general government support. |
| 9211 | Executive, Legislative, and Other General Government Support 4-digit industry group | The Executive, Legislative, and Other General Government Support subsector groups offices of government executives, legislative bodies, public finance, and general government support. |
| 92113 | Public Finance Activities 5-digit NAICS industry | See industry description for 921130. |
| 921130 | Public Finance Activities 6-digit U.S. detail | This industry comprises government establishments primarily engaged in public finance, taxation, and monetary policy. Included are financial administration activities, such as monetary policy; tax administration and collection; custody and disbursement of funds; debt and investment administration; auditing activities; and government employee retirement trust fund administration. |
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Classification References
- 01Administering income maintenance programs--are classified in Industry 923130, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs);
- 02Regulating insurance and banking institutions--are classified in Industry 926150, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors; and
- 03Performing central banking functions, such as issuing currency and acting as the fiscal agent for the central government--are classified in Industry 521110, Monetary Authorities-Central Bank.
Index Items
Assessor's offices, tax
Board of Governors, Federal Reserve
Budget agencies, government
Controllers' and comptrollers' offices, government
Customs bureaus
Federal Reserve Board of Governors
Gambling control boards, nonoperating
Internal Revenue Service
Lottery control boards, nonoperating
Property tax assessors' offices
State tax commissions
Taxation departments
Treasurers' offices, government
How Item Can Help
Manages secure custody and disbursement of sensitive public funds with strict audit trails and inventory controls.
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Streamlines tax collection order management and disbursement processing to accelerate revenue recovery for agencies.
Item.com Tools
External Resources
Official Census Classification
The official page from the U.S. Census Bureau defining NAICS 921130 and its subsector scope.
Bureau of Labor Statistics Data
A comprehensive guide to BLS industry classifications and historical employment statistics for public finance activities.
U.S. Treasury Department
The U.S. Department of the Treasury website featuring information on tax administration, collection, and monetary policy.
