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AGENCY FUND <br />The Agency Fund is used to account for assets held by the City in the capacity of agent. <br />Escrow Agency Fund — This fund i s us ed to account for de posits held for developers a s s ecurity for <br />various services. I n addition i t accounts for property pur chased o n b ehalf of the state and the r elated <br />liability for future state highway improvements. <br />