Laserfiche WebLink
SPECIAL REVENUE FUNDS <br />The Special Revenue Funds are used to account for revenue derived from specific revenue sources that <br />are legally restricted to expenditures for specific purposes. <br />Tax Increment Fund — used to account for revenue received from general property taxes in the form of <br />tax increments. <br />Landfill Tipping Fee Fund — used to account for landfill tipping fees received by the City in accordance <br />with Ordinance 84-14, Chapter 130.10 of the Ramsey City Code, as authorized by Minnesota Statutes <br />§ 115A.921 of the Solid Waste Management Act. This revenue is for the purpose of mitigating and <br />compensating for local risks, cost, and other adverse effects of landfill facilities. <br />Revolving Loan Fund — used to account for loans authorized by the City to prospective private <br />businesses in accordance with Chapter 469 of the Minnesota State Statutes. <br />Minnesota Department of Natural Resources Grant Fund — used to account for all revenues and <br />expenditures associated with the Small Business Administration (SBA) Natural Resources Development <br />Program Community Tree Planting Grant. <br />Future Sealcoating Fund — used to account for contributions from developers and property owners for <br />sealcoating work. <br />Peace Officers Fund — used to account for Post -Board Reimbursement and other restricted revenues <br />which must be used exclusively for in-service training and other expenditures as specified. <br />Lawful Gambling Fund — used to account for lawful gambling revenues received by the City as <br />authorized by Minnesota State Statutes Chapter 349. <br />Tree and Sod Escrow Fund — used to account for escrows collected from developers or builders to <br />guarantee installation of trees and sod as required in City code. <br />Equipment Revolving Fund — used to account for resources to finance the replacement of City <br />equipment, vehicles, and/or building facilities. <br />Economic Development Authority Fund — used to account for revenues and expenditures associated <br />with economic development activities within the City. <br />Developer's Fees Fund — used to account for demand fees that will be used for storm water management. <br />Community Development Block Grant Fund — used to account for all revenues and expenditures for <br />Community Development Block Grant (CDBG) activity. <br />-47- <br />