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CAPITAL PROJECT FUNDS <br />The Capital Project Funds are used to account for financial resources to be used for the acquisition or <br />construction of major capital facilities. <br />State -Aid Construction Fund — used to account for state -aid allotments used by the City for <br />improvement projects to thoroughfare roads within the City. <br />Public Facilities Construction Fund — used to account for the resources to be used for land acquisition <br />and construction of public facilities. <br />Section 22 Drainage District Fund — used to account for storm sewer drainage projects within the <br />special district` established in accordance with Minnesota Statutes § 444.20. <br />Senior Housing Fund`- used to account for costs associated with the senior housing project. <br />Mississippi Drainage District Fund — used to account for storm sewer drainage projects within the <br />special district established in accordance with Minnesota Statutes § 444.20. <br />Park Improvement Revolving Fund — used to account for the acquisition and improvement of park land <br />within the City. <br />County Road 116 Fund — used to account for all costs that are associated with improving County <br />Road 116. Costs associated with this fund are for the City's share only. <br />Rum River Drainage District Fund — used to account for storm sewer drainage projects within the <br />special district established in accordance with Minnesota Statutes § 444.20. <br />State Highway 47 Fund - used to account for the City's costs associated with improving this main trunk <br />highway. The State is responsible for the accurate recording of their share of the costs. <br />Public Improvement Revolving Fund —used to account for the resources to be used to finance the City's <br />share of the annual street maintenance program. <br />Fire Station #2 Fund - used to account for all costs that are associated with the fire station project. <br />Water Tower No. 2 Fund — used to account for all costs that are associated with the water tower project. <br />Mississippi River Subdrainage Fund — used to account for all costs that are associated with the Storm <br />Water Subdrainage District No. 1. <br />Maken Land Acquisition Fund used to account for all costs associated with the purchase of land <br />within TIF District No. 8. <br />141 Avenue Fund used to account for all costs that are associated with the construction of <br />140/143 rd Avenue within TIF District No. 8. <br />Sunfish Business Park Fund - used to account for all costs associated with the purchase of land within <br />TIF District No 10. <br />Azurite /Sunwood Construction Fund - used to account for all costs associated with the construction o. <br />public improvements within T11- District No. 10. <br />2002 Street Maintenance Fund - used to account for the resources to be used to finance the City's share <br />of the annual street maintenance program. <br />2002A Capital Equipment Certificates Fund - used to account for the costs associated with the <br />acquisition of capital equipment. <br />-66- <br />