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FINANCIAL SECTION (continued) Capital Project Funds~continuedl: Mississippi Drainage District Fund: The Mississippi Drainage District Fund is used to account for storm sewer drainage projects within the special district established in accordance with Minnesota Statutes Section 444.20. The City may levy for expenditures associated with the construction and maintenance of storm sewer systems and related facilities. The fund balance on December 31, 1996, showed a deficit of $27,925, and can be recovered through levies or the generating of storm sewer revenues from the district. Park Improvement Revolving Fund: The Park Improvement Revolving Fund was established to account for park acquisition and improvements as detailed in the Capital Improvement Program. This fund acts as a clearing account for projects with its main funding source being transfers from the Park Improvement Trust Fund. The fund balance on December 31, 1996, was $5,000. Rum River Drainage District Fund: The Rum River Drainage District Fund is used to account for storm sewer drainage projects within the special district established in accordance with Minnesota Statutes Section 444.20. The City may levy for expenditures associated with the construction and maintenance of storm sewer systems and related facilities. The fund balance on December 31, 1996, showed a deficit of $8,506, which can be recovered through levies or the generating of storm sewer revenues from the district. Public Improvement Revolving Fund: The Public Improvement Revolving Fund was established to account for all revenues and expenditures in conjunction with the City's annual improvement programs. Funding sources include special assessment. collections on closed projects, excess debt service funds, and transfers from other funds. The fund balance as of December 31, 1996, was $2,319,586. Enterprise Funds: Enterprise Funds are used to account for operations that are fmanced and operated, similar to private business enterprises, where the intent of the Council is that the costs of providing the goods or services to the general public, on a continuing basis, be financed or recovered primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. xvi