Agenda - Council - 10/09/1984 - Laserfiche WebLink

Home

'1 - 3 - I I ,I I I I I ! separate fund activity under one main Annual Improvement Fund. Ail assets, liabilities, fund equitM, payments and revenues shall be maintained as separate accounts for each activity. The Annual Improvement Fund is not eligible for interfund loans. As each individual fund activity (for a set group of improvement projects) is closed, the remaining fund equity shall be transferred to the corresponding Debt Service Fund. II. PROPRIETARY FUNDS ENTI~3tPRX SE FUBDS Enterprise Funds shall be used to account for operat ions: as That are financed and operated in a manner similar to private business enterprises--where the intent of the Council is that the costs (expenses, including depreciation) of \ providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or Where the Council has decided that periodic determination of revenues earned, expenses incurred, and/or net income, is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. · WATER UTILITY FUND I I I I I I The Water Utility Fund shall be used to account for all water utility revenues and expenses. The Water Utility Fund is eligible for interfund loans to and from any other fund. SL~FAt- UTILITY FUND The Sewer Utility FUnd shall be used to account for all sewer utility revenues and expenses. The Sewer Utility Fund is eligible for interfund loans to and from any other fund. IIFI'EilqAL SERVICE FUBDS Internal Service Funds are used to account for the