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(b) <br /> <br />8. <br /> (a) <br /> <br />Mississippi Drainage District Fund. <br />The Mississippi Drainage District Fund shall be used to account for storm sewer <br />drainage projects within the special District established in accordance with MS <br />Section 444.20. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Rum River Drainage District Fund. <br />The Rum River Drainage District Fund shall be used to account for storm sewer <br />drainage projects within the special District established in accordance with MS <br />Section 444.20. <br /> <br />(b) This fund is eligible for inter-fund loans. <br /> <br />(b) <br /> <br />Mississippi River Storm Water Subdrainage District #1 Fund. <br />The Mississippi River Storm Water Subdrainage District #1 Fund shall be used to <br />account for storm sewer drainage projects within the special District established in <br />accordance with MS Section 444.20. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Subdivision 2. Proprietary Funds <br /> <br />a. Enterprise Funds. Enterprise Funds shall be used to account for operations: <br /> <br />That are financed and operated in a manner similar to private business enterprises <br />- - where the intent of the Council is that the costs (expenses, including <br />depreciation) of providing goods or services to the general public on a continuing <br />basis be financed or recovered primarily through user charges; or <br /> <br />Where the Council has decided that periodic determination of revenues earned, <br />expenses incurred, and/or net income is appropriate for capital maintenance, <br />public policy, management control, accountability, or other purposes. <br /> <br />3. The following are Enterprise Funds: <br /> <br />(a) <br /> (1) <br /> <br />Water Utility Fund. <br />The Water Utility Fund shall be used to account for all water utility revenues and <br />expenses, including depreciation. <br /> <br />(2) This fund is eligible for inter-fund loans. <br /> <br />(b) <br /> (1) <br /> <br />Sewer Utility Fund. <br />The Sewer Utility Fund shall be used to account for all sewer utility revenues and <br />expenses, including depreciation. <br /> <br />(2) This fund is eligible for inter-fund loans. <br /> <br />Page 8 of 12 <br /> <br /> <br />