Ordinance - #84-13 - 10/23/1984 - Laserfiche WebLink

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- 2 = The Revenue Sharing Fund is not eligible for interfund loans. PARKS FUND The Parks Fund is used to account for the operations, maintenance and improvement of all city-owned parks. The Parks Fund is eligible for interfund loans to and from any other fund. DEBT SERVICE FUNDS Debt Service Funds are used to account for the accumulation of resources for, and the payment of, genera], long-term debt principal and interest. The City shall maintain one Debt Service Fund with individual fund activities created by staff on an as needed basis. Each debt issue shall be treated as a separate fund activity under one main Debt Service Fund. Ail assets, liabilities, fund equity, payments, and revenues shall be maintained as separate accounts for each activity. The Debt Service Funds are not eligible for interfund loans, however, after retirement of the bonds these funds may be used at the discretion of the City Council. CAPITAL PROJECTS FUNDS Capital Projects Funds shall be used to account for financial resources to be used for the acguisition or construction of major capital facilities tother than those financed by Proprietary Funds and Trust Funds. 1. STATE AID CONSTRUCTION FUND The State Aid Construction Fund shall be used to account for State Aid Construction revenue and the disposition of that revenue by improvement projects to thorough fare roads within the City. The State Aid Construction Fund is not eligible for interfund loans. ANNUAL IMPROVEMENT FUNDS The City shall maintain one Annual Improvement Fund with individual fund activities created by staff on an as needed basis. Each set of projects financed by a particular debt issue shall be treated as a