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particular revenue source or bond issue shall be treated as a separate fund activity <br />under one main Annual Improvement Fund. All assets, liabilities, fund equity, <br />payments and revenues shall be maintained as separate accounts for each activity. <br />(b) This fund is not eligible for inter -fund loans. As each individual fund activity (for <br />a set group of improvement projects) is closed, the remaining fund equity shall be <br />transferred to the corresponding Debt Service Fund. <br />(a) <br />' . • . • • ' • _ .No longer utilized) <br />The Park Improvement Revolving Fund shall be used to account for park <br />acquisition and improvements as detailed in the annual Capital Improvement <br />Program. <br />(b) This fund is eligible for inter fund loans. <br />4. Public Facilities Construction Fund (Fund 9412). <br />(a) The Public Facilities Construction Fund shall be used to account for resources to <br />be used for acquisition of land and construction for public facilities. <br />(b) Funding shall consist of the following sources: <br />(1) Interest earnings on the PIR Fund from the distribution of pooled interest <br />earnings. <br />(2) Transfers from the General Fund at year-end for excess General Fund Revenue <br />as outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217). <br />(c) Expenditures shall consist of the following uses: <br />(1) Transfers to the General Fund at year end for deficient General Fund Revenue as <br />outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217); and <br />(2) Costs associated the acquisition of land and construction of public facilities as <br />detailed in the annual Capital Improvement Program or as approved by the City <br />Council. <br />(d) This fund is eligible for inter -fund loans. <br />pi pi <br />(a) <br />The Rum River Drainage District Fund shall be used to account for storm sewer <br />drainage projects within the special District established in accordance with MS <br />Section 111.20. <br />(b) This fund is eligible for inter fund loans. <br />1/ <br />(a) The Mississippi River Storm Water Subdrainage District #1 Fund shall be used to <br />accordance with MS Section 111.20. <br />(b) This fund is eligible for inter fund loans. <br />Page 8 of 14 <br />