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NOTE 1—SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) <br /> Private Developer Special Revenue Fund—This fund is used to account for monies deposited from <br /> developers to offset city administrative costs. <br /> Federal Relief Special Revenue Fund—This fund is used to account for the funds received from the <br /> Coronavirus State and Local Fiscal Recovery Funds(SLFRF),authorized by the American Rescue Plan <br /> Act of 2021. <br /> State-Aid Construction Capital Project Fund—This fund is used to account for state-aid allotments <br /> used by the City for improvement projects to thoroughfare roads within the City. <br /> Pavement Management Program Capital Project Fund — This fund is used to account for the <br /> resources to be used for road reconstructions and overlays per the City's Pavement Management <br /> Program. <br /> Public Works Campus Capital Project Fund —This fund is used to account for the resources to be <br /> used for the construction of the public works campus. <br /> The City reports the following Major Proprietary Funds: <br /> Water Utility Fund—This fund is used to account for the operation of the city-owned water system. <br /> Sewer Utility Fund—This fund is used to account for the operation of the city-owned sewer system. <br /> Street Light Utility Fund—This fund is used to account for the operation of city-owned streetlights <br /> within subdivisions and the priority streetlights throughout the City. <br /> Recycling Utility Fund—This fund is used to account for the operation of the City's curbside recycling <br /> program and annual recycling days. <br /> Storm Water Utility Fund—This fund is used to account for the operation of the city-owned storm <br /> water system repair and upkeep. <br /> The City also reports the following fund types: <br /> Internal Service Fund—This fund is used to account for the City's insurance refunds,dividends, and <br /> other miscellaneous insurance related revenues,and to provide for self-insuring the deductible portions <br /> of the City's insurance policies <br /> Custodial Fund —This fund is used to account for property purchased on behalf of the state and the <br /> related liability for future state highway improvements. <br /> 64 <br />