Ordinance - #04-36 - 09/13/2004 - Laserfiche WebLink

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5. Public Facilities Construction Fund. (a) The Public Facilities Construction Fund shall be used to account for resources to be used for acquisition of land and construction for public facilities. (b) This filnd is eligible for inter-fund loans. (a) Rum River Drainage District Fund. The Rum River Drainage District Fund shall be used to account for storm sewer drainage projects within the special District established in accordance with MS Section 444.20. (b) This fund is eligible for inter-fund loans. (a) (b) Mississippi River Storm Water Subdrainage District #1 Fund. The Mississippi River Storm Water Subdrainage District #1 Fund shall be used to account for storm sewer drainage projects within the special District established in accordance with MS Section 444.20. This fund is eligible for inter-fund loans. Subdivision 2. Proprietary Funds a. Enterprise Funds. Enterprise Funds shall be used to account for operations: 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 incun'ed, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. 3. The following are Enterprise Funds: (a) (1) Water Utility Fund. The Water Utility Fund shall be used to account for all water utility revenues and expenses, including depreciation. (2) This fund is eligible for inter-fund loans. Page 8 of 13