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Street Lighting Utility Fund. <br />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 /> <br />This fund is eligible for inter-fund loans. <br /> <br />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 /> <br />Subdivision 3. Trust and Agency Funds. Trust and Agency Funds shall be used <br />to account for assets held by the City in a trustee capacity for individuals, private <br />organizations, other governments, and/or other funds. <br /> <br />Expendable Trust Funds. Expandable Trust Funds are funds whose principal <br />and income may be expended in the course of designated operations. <br /> <br />Landfill Expendable Trust Fund. <br />The Landfill Expendable Trust Fund shall be used to account for royalty"r~ceipts <br />received from landfill monthly gross revenues and the disposition of those receipts. <br /> <br />Funding shall consist of the following sources: <br />1) Ten percent of monthly gross revenues, generated during the life of the Anoka <br /> Regional Sanitary Landfill; and <br />2) Transfers from the Municipal State Aid Construction Fund, through 1996, for re- <br /> payment of a loan in 1991 for MSA projects; and <br />3) Interest earnings on the Landf'rll Expendable..Trust Fund from the distribution of <br /> pooled interest earnings. <br /> <br />Expenditures shall consist of the following uses: <br /> 1) Payment of any legal costs related to the landfill closure and post closure; and <br />2) Transfers to the Park Improvement Revolving Fund, on an annual basis, in an <br /> amount not to exceed the interest available in the Landf'Rl Expendable Trust Fund <br /> and as detailed in the annual Capital Improvement Program as defined by City <br /> Council; and <br />3) Transfers to other non-operating City funds to offset, retire or avoid future debt. <br /> This amount, when combined with the above transfers and payments, shall not <br /> exceed the amount of interest earnings available to the Landfrll Expendable Trust <br /> fund; and <br />4) Any capital expenditures (non-operating) that would utilize principal and are <br /> approved by a four-fifths vote of the City Council; and <br />5) Any loans or transfers for other than capital expenditures shall be authorized only if <br /> the City Council declares an emergency situation to exist. <br /> <br /> Fund balance shall be increased to and maintained at $2,750,000 or a level that will <br /> provide for interest earnings adequate to support expenditures as detailed in the <br /> annual Capital Improvement Program combined with transfers to other non- <br /> operating City funds. <br /> <br />Page 7 of 10 <br /> <br /> <br />