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part of annual operating maintenance (such as mowing) but for large capital <br />improvements and/or unbudgeted improvements that maintain the functionality of <br />Park Capital Improvements (such as resurfacing tennis courts). <br />(b) Funding shall consist of the following uses: <br />(1) Donations <br />(2) Transfers from the General Fund at year-end for excess General Fund <br />Revenue as outlined in the Excess/Deficient General Fund Revenue Policy <br />(#11-11-217). <br />(3) Excess General Fund Revenue Transfer in the amount of 10% of excess <br />(3) Interest Earnings from pooled interest earnings. <br />(1) Potential User fees (future) <br />(c) Expenditures shall consist of the following uses: <br />(1) Fund balance shall be increased to and maintained at $3,000,000 $500,000 <br />unless City Council declares an emergency situation exists. <br />(2) Non -Annual Operating Improvements not included in the annual adopted <br />General Fund Budget <br />of accrued interest earnings to offset park maintenance costs once $3,000,000 fund <br />balance has been achieved. <br />(3) Transfers to the General Fund at year end for deficient General Fund <br />Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#11- <br />11-217); <br />(1) Any capital expenditures (non operating) that would utility principal and are <br />approved by a four fifths vote of the City Council. <br />deo- <br />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 />Page 11 of 14 <br />