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5. Public Facilities Construction Fund. <br />(a) The Public Facilities Construction Fund sMll be, used to account for resom'ces to be <br /> used for acquisition of land and construction for public facilities. <br /> <br />(b) <br /> <br />6. <br /> (a) <br /> <br />(b) <br /> <br />?, <br />(a) <br /> <br />(b) <br /> <br />8. <br />(a) <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Tax Increment Project Funds. <br />The Tax Increment Project Fund are used to account for proceeds of' bond issues to <br />be used for site improvements and for improvement projects to be financed by <br />future tax increments and/or future bond sales supported by property taxes in the <br />form of tax increments. <br /> <br />These funds are eligible for inter-fund loans. <br /> <br />Mississippi Drainage District Fund. <br />The Mississippi 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 4q ~,.20. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Rum River Drainage District Fund. <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 <br /> <br />(b) This fund is eligible for inter-fund loans. <br /> <br />Subdivision 2, Proprietary Funds <br /> <br />a. Enterprise Funds. Enterprise Funds shall be used to account for operations: <br /> <br />That are f'manced and operated in a manner similar to private business enterprises - - <br />where the intent of the Council is that the costs (expenses, including depreciation) <br />of providing goods or services to the general public on a continuing basis be <br />financed or recovered primarily through user charges; or <br /> <br />Where the Council has decided that periodic determination of revenues earned, <br />expenses incurred, and/or net income is appropriate for capital maintenance, public <br />policy, management control, accountability, or other purposes. <br /> <br />3. The following are Enterprise Funds: <br /> <br />(a) Water Utility Fund. <br />(1) The Water Utility Fund shall be used to account for ail water utility revenues and <br /> expenses, including depreciation. <br /> <br />(2) This fund is eligible for inter-fund loans. <br /> <br />Page 6 of 10 <br /> <br /> <br />