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(2) Transfers to the General Fund at year end for deficient General Fund Revenue <br />as outlined in the Excess/Deficient General Fund Revenue Policy 0/16 05 089.) <br />(#24-3 31). <br />11. Parking Ramp Maintenance Fund. (Fund 9240) <br />(a) The Parking Ramp Maintenance Fund will be used to account for all <br />expenditures that the City incurs to operate, maintain, and repair the parking <br />ramp with costs to be allocated to the affected users. <br />(b) Funding shall consist of the following uses: <br />(1) Allocations of parking maintenance costs as outlined in Parking Use and <br />Maintenance Agreements (PUMAs); and <br />(2) Transfers from the General Fund for city portion of annual parking ramp <br />budget costs; and <br />(3) Interest Earnings from pooled interest earnings. <br />(c) Expenditures shall consist of the following uses: <br />(1) All costs associated with maintaining and repairing the city parking ramp. <br />(d) This fund is eligible for interfund loans. <br />Subdivision 2. Proprietary Funds <br />a. Enterprise Funds. Enterprise Funds shall be used to account for operations: <br />1. That are financed and operated in a manner similar to private business enterprises <br />- - where the intent of the Council is that the costs (expenses, including <br />depreciation) of providing goods or services to the general public on a continuing <br />basis be financed or recovered primarily through user charges; or <br />2. Where the Council has decided that periodic determination of revenues earned, <br />expenses incurred, and/or net income is appropriate for capital maintenance, public <br />policy, management control, accountability, or other purposes. <br />3. The following are Enterprise Funds: <br />(a) Water Utility Fund. (Fund 9601) <br />(1) The Water Utility Fund shall be used to account for all water utility revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(b) Sewer Utility Fund. (Fund 9602) <br />(1) The Sewer Utility Fund shall be used to account for all sewer utility revenues and <br />expenses, including depreciation. <br />(2) This fund is eligible for inter -fund loans. <br />(c) Street Lighting Utility Fund. (Fund9603) <br />(1) The Street Lighting Utility Fund shall be used to account for all street lighting <br />revenues and expenses, including depreciation of City owned street lights within <br />subdivisions. <br />Page 11 of 14 <br />