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<br /> <br />Nonmajor Governmental Funds <br /> <br />Special Revenue Funds <br />Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted <br />to expenditures for particular purposes. The City maintained the following nonmajor Special Revenue Funds <br />during the year. <br /> <br />Economic Development Authority - established to account for the receipt and uses of funds for economic <br />purposes. <br /> <br />Cable TV Fund - established to account for activities relating to their Cable TV. <br /> <br />Program Recreation - established to account for various self-supporting recreational programs. <br /> <br />Blue Heron Days - established to account for the activities associated with the Blue Heron Days festival. <br /> <br />Federal Narcotics - established to account for activities associated with the the receipt and use of federal <br />narcotics forfeitures. <br /> <br />State Narcotics - established to account for activities associated with the receipt and use of state narcotics <br />forfeitures. <br /> <br />DUI Forfeitures - established to account activities associated with the receipt and use of DUI forfeitures. <br /> <br />Debt Service Funds <br />The Debt Service Funds account for the accumulation of resources for, and the payment of, interest, principal and <br />related costs on general long-term debt. <br /> <br />The City’s Debt Service Funds account for four types of bonded indebtedness: <br /> <br />General Debt Bonds - are repaid primarily from property taxes. <br /> <br />Improvement Bonds - are repaid primarily from special assessments. <br /> <br />Public Facility Lease Revenue Bonds - are repaid primarily from lease revenues received from the EDA <br />leasing the buildings to the City of Lino Lakes and other tenants. <br /> <br />Revenue Bonds - These bonds were issued to finance various improvements and will be repaid primarily <br />from pledged revenues derived from the constructed assets. <br /> <br />Capital Project Funds <br />Capital Project Funds account for the acquisition or construction of major capital facilities other than those <br />financed by Proprietary Funds and Trust Funds. The City maintained the following nonmajor Capital Project <br />Funds during the year: <br /> <br />Building and Facilities Fund - to account for the activities associated with the maintenance and <br />replacement of municipal buildings and facilities. <br /> <br />Capital Equipment Revolving Fund - to account for proceeds from Equipment Certificates and funds held <br />to purchase capital equipment. <br /> <br />Closed Bond Fund - to account for excess funds from matured bond issues. <br /> <br />Street Reconstruction - to account for the financing of future reconstruction of City streets. <br /> <br />Sealcoating - to account for money received from levies, assessments, and developer deposits for future <br />street sealcoating and overlay projects.