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<br />DEFINITIONS <br /> <br />Capital Project Funds - Account for <br />development revenues and other funding <br />sources that are used for the acquisition or <br />construction of major capital facilities. These <br />Funds are included in the Capital Improvement <br />Program Budget. <br /> <br />Debt Service Funds - Account for the <br />accumulation of resources for the payment of <br />general long-term debt principal, interest and <br />related costs. These Funds are included in the <br />Operating Budget. <br /> <br />Enterprise Funds - Account for ongoing <br />functions of the water, sewer, storm drain and <br />golf operations. The goal is that these Funds <br />will be adequate for these entities to be <br />self-sufficient, relying on user rates and charges <br />as their source of income, rather than on taxes. <br />The Enterprise Operating Funds are budgeted <br />in the Operating Budget. In addition, Enterprise <br />Capital Funds provide for expansion, <br />improvement, and replacement. Sources of <br />revenue are connection fees paid by new <br />development and replacement charges placed <br />on existing customers. The Enterprise Capital <br />Funds are budgeted in the Capital Improvement <br />Program Budget. <br /> <br />General Fund - Accounts for general purpose <br />revenues, such as propeIty and sales taxes, and <br />some user fees. It includes operations such as <br />police, fire, planning, parks and community <br />services, public works, library, community <br />development, and general government. The <br />General Fund is budgeted in the Operating <br />Budget. <br /> <br />Internal Service Funds - Account for the <br />financing of goods, services, and equipment <br />provided by one City deparhnent to another on <br />a cost-reimbursement or replacement basis <br />(similar to recognizing depreciation as a current <br />expense). The City uses Internal Service Funds <br />primarily to fund obligations that are incurred <br />presently but are paid out at some future time. <br />These include employee costs and benefits and <br />the replacement! renovation of equipment, <br />facilities, and parks. The Internal Service Funds <br />are budgeted in the Operating Budget. <br /> <br />Special Revenue Funds - Account for specific <br />revenue sources that are restricted by law to <br />expenditures for specific purposes. Some <br />Special Revenue Funds relate to operations <br />and, therefore, are included in the Operating <br />Budget. Examples are Landscape and Lighting <br />Districts, and the Community Development <br />Block Grant Fund. Many Special Revenue <br />Funds relate to capital expenses and are, <br />therefore, budgeted in the Capital Improvement <br />Program. These include the Gas Tax Revenue <br />Funds and the Park Grant Funds. <br /> <br />Trust Funds - Account for assets held by the <br />City in a trustee capacity for some designated <br />use. Most Trust Funds are budgeted in the <br />Operating Budget. <br /> <br />XI-II <br />