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- 2 - <br /> <br />The Revenue Sharing Fund is not eligible for' interfund <br />loans · <br /> <br />2. PAR. KS FUND <br /> <br />The Parks Fund is used to account for the <br />operations, maintenance and improvement of all <br />city-owned parks. <br /> <br />The Parks Fund is eligible for interfund loans to <br />and from any other fund. <br /> <br /> DEBT SI~RVTCE FUNDS <br /> <br />Debt Service Funds are used to account for the <br />accumulation of resources for, and the payment of, <br />general long-term debt principal and interest. <br /> <br />The City shall maintain one Debt Service Fund with <br />individual fund activities created by staff on an as <br />needed basis. Each debt issue shall be treated as a <br />separate fund activity under one main Debt Service Fund. <br />Ail assets, liabilities, fund equity, payments, and <br />revenues shall be maintained as separate accounts for <br />each activity. \, <br /> <br />The Debt Service Funds are not eligible for interfund <br />loans, hoKever, after retirement of the bonds these <br />funds may be used at the discretion of the City <br />Council. <br /> <br />CAPITAL PROJECTS FUNDS <br /> <br />Capital Projects Funds shall be used to account for <br />financial resources to be used for the acquisition or <br />construction of major capital facilities (other than <br />those financed by Proprietary Funds and Trust Funds. <br /> <br />1. STATE AXD CONSTRUCTXON FUND <br /> <br /> The State Aid Construction Fund shall be used to <br /> account for State Aid Construction revenue and the <br />1 disposition of that revenue by improvement projects <br /> to thorough fare roads within the City. <br /> <br /> The Sta~e Aid Construction Fund is not eligible for <br /> interfund loans. <br /> <br /> ANNUAL TNPROVEHENT FUNDS <br /> <br />The City shall maintain one Annual Improvement Fund <br />with individual ~und activities created by staff on <br />an as needed basis. Each set of projects financed <br />by a particular debt issue shall be treated as a <br /> <br /> <br />