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(2)! <br /> <br />(2) <br /> <br />Subdi <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 />This fund is eligible for inter-fund loans. <br /> <br />Street Lighting Utility Fund. <br />The Street Lighting Utility Fund shall be used to account for all street lighting <br />revenues and expenses, including depreciation of City owned street lights within <br />subdivisions. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Internal Service Funds. Internal Service Funds are used to account for the <br />financing of goods or services provided by one department or agency to other <br />departments or agencies of the City, or to other governmental units, on a cost- <br />reimbursement basis. <br /> <br />~slon 3. Trust and Agency Funds. Trust and Agency Funds shall be used <br /> <br />to ac~ount for assets held by the City in a trustee capacity for individuals, private <br />organ~" ati6ns, other governments, and/or other funds. <br /> <br />~ Expendable Trust Funds. Expendable Trust Funds are funds whose principal <br /> and income may be expended in the course of designated operations. The <br />~ following are Expendable Trust Funds: <br /> <br />1. <br /> (a) i <br /> <br />Landfill Expendable Trust Fund. <br />The Landfill Expendable Trust Fund shall be used to account for royalty receipts <br />received from landfill monthly gross revenues and the disposition of those receipts. <br /> <br />(t)i <br /> <br />Funding shall consist of the following sources: <br />Ten percent of monthly gross revenues, generated during the life of the Anoka <br />Regional Sanitary Landfall; and <br />Transfers from the MSA Fund, through 1996, for re-payment of a loan in 1991 for <br />MSA projects; and <br />Interest earnings on the Landf'dl Expendable Trust Fund from the distribution of <br />pooled interest earnings. <br /> <br />(c) ! Expenditures shall consist of the following uses: <br /> (1) ! Payment of any legal costs related to the landfill closure and post closure; and <br /> (2) i Transfers to the Park Improvement Revolving Fund, on an annual basis, in an <br /> , amount not to exceed the interest available in the Landfill Expendable Trust Fund <br /> land as detailed in the annual Capital Improvement Program as defined by City <br /> ! Co~cil; and <br /> (3) ! Transfers to other non-operating City funds to offset, retire or avoid future debt. <br /> t~ This amount, when combined with the above transfers and payments, shall not <br /> i exceed the amount of interest earnings available to the Landfill Expendable Trust <br /> !fund; and <br /> (4)!Any capital expenditures (non-operating) that would utilize principal and are <br /> ', aPl~V~ by a four-fifths vote of the City Council; and <br /> (5) 13Lily loans or transfers for other than capital expenditures shall be authorized only if <br /> thc, City Council declares an emergency situation to exist. <br /> <br />Page 7 of 10 <br /> <br /> <br />