Agenda - Council Work Session - 11/10/2025

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Subdivision 2. Proprietary Funds a. Enterprise Funds. Enterprise Funds shall be used to account for operations: 1. That are financed and operated in a manner similar to private business enterprises where the intent of the Council is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or 2. Where the Council has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. 3. The following are Enterprise Funds: (a) (1) Water Utility Fund. (Fund 9601) The Water Utility Fund shall be used to account for all water utility revenues and expenses, including depreciation. (2) This fund is eligible for inter -fund loans. (b) Sewer Utility Fund. (Fund 9602) (1) The Sewer Utility Fund shall be used to account for all sewer utility revenues and expenses, including depreciation. (2) This fund is eligible for inter -fund loans. (c) Street Lighting Utility Fund. (Fund 9603) (1) The Street Lighting Utility Fund shall be used to account for all street lighting revenues and expenses, including depreciation of City owned street lights within subdivisions. (2) This fund is eligible for inter -fund loans. (d) Recycling Utility Fund. (Fund 9604) (1) The Recycling Utility Fund shall be used to account for all recycling revenues and expenses, including depreciation. (2) This fund is eligible for inter -fund loans. (e) Storm Water Utility Fund. (Fund 9605) (1) The Storm Water Utility Fund shall be used to account for all storm water revenues and expenses, including depreciation. (2) This fund is eligible for inter -fund loans. b. Internal Service Funds. Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other Page 10 of 12