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(2) This fund is eligible for inter -fund loans. <br />(d) Recycling Utility Fund. (Fund 9604) <br />(1) The Recycling Utility Fund shall be used to account for all recycling revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(e) Storm Water Utility Fund. (Fund 9605) <br />(1) The Storm Water Utility Fund shall be used to account for all storm water revenues <br />and expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />b. 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 />1. Investment Trust Fund. (Fund 9701) <br />(a) The Investment Trust Fund shall be an interim fund only used to account for and <br />distribute earned interest to the various City funds. This fund shall be closed each <br />year prior to the issuance of the annual financial statements and has no budget <br />because of its temporary nature. <br />(b) This fund is not eligible for inter -fund loans. <br />2. Self -Funding Insurance Fund. (Fund 9702) <br />(a) The Self -Funding Insurance Fund shall be used to account for insurance refunds, <br />dividends and other miscellaneous insurance related revenues, and to provide for <br />self -funding the deductible portion of the City's insurance policies. <br />(b) This fund is eligible for inter -fund loans. <br />Subdivision 3. Trust and Agency Funds. Trust and Agency Funds shall be used to <br />account for assets held by the City in a trustee capacity for individuals, private <br />organizations, other governments, and/or other funds. <br />a. Expendable Trust Funds. Expendable Trust Funds are funds whose principal and <br />income may be expended in the course of designated operations. The following are <br />Expendable Trust Funds: <br />1. Escrow Funds. (Funds 9804 & 9252) <br />(a) The Escrow Funds shall be used to account for monies held for specific purposes <br />from developers, contractors, builders, residents or the like. Th.is these funds shall <br />be non -interest bearing. <br />Page 12 of 14 <br />