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(e) This fund is eligible for inter-fund loans. <br /> <br />Il., <br /> (a) <br /> <br />Storm Water Management Fund <br />The Storm Water Management Fund shall be used to account for contributions <br />from developers to recoup expenses and finance storm water projects that have <br />been, or will be done, to allow additional development to occur. <br /> <br />(b) <br /> <br /> (2) <br /> <br />Funding shall consist of the following sources: <br />Developer's Contributions; and <br />Interest Earnings on the Storm Water Management Fund from the distribution of <br />pooled interest earnings. <br /> <br />Expenditures shall consist of the following uses: <br /> (1) Storm Water projects, but which does not include the maintenance of existing <br /> storm system. <br /> <br />(c) This fund is eligible for inter-fund loans. <br /> <br />do <br /> <br />(a) <br /> <br />(2) <br /> <br />Debt ServiceFunds. Debt Service funds are used to account for the <br />accumulation of resources for, and the payment of, general long term debt <br />principal and interest. <br /> <br />The City shall maintain one Debt Service Fund with individual fund activities <br />created by staff on an as needed basis as required by Minnesota Statutes regarding <br />debt issuance. Each debt issue shall be treated as a separate fund activity under <br />one main Debt Service Fund. All assets, liabilities, fund equity, payments, and <br />revenues shall be maintained as separate accounts for each activity. <br /> <br />These funds are not eligible for inter-fund loans. However, after retirement of the <br />bonds, these funds may be used at the discretion of the City Council, <br /> <br />Capital Project Funds. Capital Project Funds ~hall be used to account for <br />financial resources to be used for the acquisition or construction of.major capital <br />facilities (other than those f'manced by Proprietary Funds and Trust Funds). The <br />fbllowing are the City's Capital Project Funds: <br /> <br />Municipal State Aid Construction Fund (MSA). <br />The MSA Fund shall be used to account for state-aid allotments used by the City <br />for improvement projects to thoroughfare streets designated as MSA streets within <br />the City. <br /> <br />Funding shall consist of the following sources: <br />Annual MSA allotments; and <br />Interest earnings on the MSA Fund from the <br />earnings. <br /> <br />distribution of pooled interest <br /> <br />Page 6 of 13 <br /> <br />-237- <br /> <br /> <br />