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Subdivision 2. Proprietary Funds <br />a. Enterprise Funds. Enterprise Funds shall be used to account for operations: <br />1. That are financed and operated in a manner similar to private business enterprises <br />- - where the intent of the Council is that the costs (expenses, including <br />depreciation) of providing goods or services to the general public on a continuing <br />basis be financed or recovered primarily through user charges; or <br />2. Where the Council has decided that periodic determination of revenues earned, <br />expenses incurred, and/or net income is appropriate for capital maintenance, <br />public policy, management control, accountability, or other purposes. <br />3. The following are Enterprise Funds: <br />(a) Water Utility Fund. <br />(1) The Water Utility Fund shall be used to account for all water utility revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(b) Sewer Utility Fund. <br />(1) The Sewer Utility Fund shall be used to account for all sewer utility revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(c) Street Lighting Utility Fund. <br />(1) The Street Lighting Utility Fund shall be used to account for all street lighting <br />revenues and expenses, including depreciation of City owned street lights within <br />subdivisions. <br />(1) This fund is eligible for inter -fund loans. <br />(d) Recycling Utility Fund. <br />(1) The Recycling Utility Fund shall be used to account for all recycling revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(e) Storm Water Utility Fund. <br />(1) The Storm Water Utility Fund shall be used to account for all storm water <br />revenues and expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />b. Internal Service Funds. Internal Service Funds are used to account for the <br />financing of goods or services provided by one department or agency to other <br />departments or agencies of the City, or to other governmental units, on a cost - <br />reimbursement basis. <br />Page 11 of 14 <br />