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Final ACFR
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Annual Comprehensive Financial Report
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2023
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Final ACFR
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6/3/2025 2:59:49 PM
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Developer’s Fees Fund – used to account for demand fees that will be used for storm water management. <br />General Govt Special Projects Fund –used to account for resources accumulated and expenditures related to <br />special General Government projects. <br />Economic Development Authority Fund –used to account for revenues and expenditures associated with <br />economic development activities within the City. <br />NONMAJOR SPECIAL REVENUE FUNDS <br />Nonmajor Special Revenue Funds are used to account for revenue derived from specific revenue sources that are <br />legally restricted or committed to expenditures for specific purposes. <br />Revolving Loan Fund –used to account for loans authorized by the City to prospective private businesses in <br />accordance with Chapter 469 of the Minnesota Statutes. <br />Lawful Gambling Fund –used to account for lawful gambling revenues received by the City as authorized by <br />Minnesota State Statutes Chapter 349. <br />Peace Officers Fund –used to account for post-board reimbursement and other restricted revenues which must <br />be used exclusively for in-service training and other expenditures as specified. <br />Federal/State Relief Fund –used to account for the funds received from the Coronavirus State and Local Fiscal <br />Recovery Funds (SLFRF),authorized by the American Rescue Plan and public safety aid received from the State <br />of Minnesota. <br />115
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