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3.40 Ci~' Funds <br /> <br /> one main Annual Improvement Fund. All assets, liabilities, <br /> fund equity, pa)~ments and revenues shall be maintained as <br /> separate accounts for each activity. <br /> <br /> The Annual Improvement Fund is not eligible for inter-fund <br /> loans. As each individual fund activity (for a set group of <br /> improvement projects) is closed, the remaining fund equity <br /> shall be transferred to the corresponding Debt Set.rice Fund. <br /> <br /> Sub& 2. Proprietary fi. rods. <br /> <br /> a. Enterprise funds. Enterprise Funds shall be used to account for <br /> operations: <br /> <br /> That are £1nanced and operated in a manner similar to private <br /> business enterprises--where the intent of the Council is teat the <br /> costs (expenses, including depreciation) of providing goods or <br /> services to the general public on a continuing basis be financed or <br /> recovered primarily through user charges; or <br /> Where the Council has decided that periodic determination of <br /> revenues earned, expenses incurred, and/or net income is <br /> _- appropriate for capita] maintenance, public policy, management <br /> control, accountability, or other purposes. <br /> <br /> 1. ~Tater utili~' <br /> The ~rater Utility Fund shall be used to account for ail water <br /> utility revenues and expenses. The ~ater Utility Fund is <br /> eligible for inter-fund loans to and from any other fund. <br /> <br /> 2. Sewer uHlit-5., ftmcl_ <br /> The Sewer Utklity Fund sEMI be' used to account for al1 sewer <br /> utility revenue and expenses. The Sewer Utility Fund is <br /> eligible for in,er-fund loans to and from any other fund. <br /> <br /> 3~ Intern_ n] service funda <br /> Internal Service Funds are used to account for the financing <br /> of goods or services pro~ided by one department or agency to <br /> other departments or agencies of the City, or to other <br /> govern_mental units, on a cost-reimbursement basis. <br /> <br /> SubcL3. Trust and agency f~nds. TruSt Funds shall be used to <br />account for assets held by tee City in a trustee capacity for individuals, private <br />organics%ions, other governments, and/or other funds. <br /> <br /> a. Expendable trust funds. Expendable Trust Funds are funds <br /> whose principal and income ma): be expended in the course of <br /> designated operations. <br /> <br /> 1. I~nd~ll trust funcL <br /> The Landfill Trust Fund shall be used to account for all <br /> Landfill related revenues, and the disposition of those <br /> revenues to other funds. The Landfill Trust Fund is eligible <br /> for inter-fund loans to and from any other fund. <br /> <br />Page 42 <br /> <br />Prknte d ~' / <br /> lz/2S, 90 <br /> <br />5' <br /> <br /> <br />