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Nonmajor Governmental Funds <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 />Economic Development Authority -established to account for the receipt and uses of funds for economic <br />purposes. <br />Cable TV Fund-established to account for activities relating to their Cable TV. <br />Program Recreation -established to account for various self-supporting recreational programs. <br />Blue Heron Days -established to account for the activities associated with the Blue Heron Days festival. <br />Federal Narcotics -established to account for activities associated with the the receipt and use of federal <br />narcotics forfeitures. <br />State Narcotics -established to account for activities associated with the receipt and use of state narcotics <br />forfeitures. <br />DUI Forfeitures-established to account activities associated with the receipt and use ofDUI forfeitures. <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 />The City's Debt Service Funds account for four types of bonded indebtedness: <br />General Debt Bonds -are repaid primarily from property taxes. <br />Improvement Bonds -are repaid primarily from special assessments. <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 />Revenue Bonds -These bonds were issued to fmance various improvements and will be repaid primarily <br />from pledged revenues derived from the constructed assets. <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 />Building and Facilities Fund -to account for the activities associated with the maintenance and <br />replacement of municipal buildings and facilities. <br />Capital Equipment Revolving Fund -to account for proceeds from Equipment Certificates and funds held <br />to purchase capital equipment. <br />Closed Bond Fund -to account for excess funds from matured bond issues. <br />Street Reconstruction -to account for the financing of future reconstruction of City streets. <br />Sealcoating -to account for money received from levies, assessments, and developer deposits for future <br />street sealcoating and overlay projects. <br />Nonmajor Governmental Funds (Continued) <br />Capital Project Funds (Continued) <br />Surface Water Management -to account for the financing of surface water management and storm water <br />improvements. <br />Tax Increment Funds -to account for development projects financed with tax increments. <br />Dedicated Parks -to account for the receipts and use of monies collected from dedicated parks fees. <br />Muncipal State Aid Fund-to account for the financing of future reconstruction of state aid eligble streets. <br />135E lnterschange Fund-to account for activity related to the 135EICSAH 14 Interchange Reconstruction <br />Project. <br />Office Equipment Revolving Fund -to account for the receipt and use of funds for office equipment <br />purchases. <br />Legacy Woods Edge Improvement Fund -the Legacy Woods Edge Improvement fund accounts for <br />construction costs related to infrastructure improvements in the Legacy Woods Edge development. <br />Traffic Signal Fund -the Legacy traffic signal charge fund accounts for costs associated with construction <br />of traffic signals in the City. <br />Otter Lake Road Exension Fund -this fund accounts for activities relating to the construction performed <br />in the extension of the Otter Lake Road. <br />21" Ave Extension Fund-this fund accounts for activities relating to the construction performed in the <br />extension of 21" Avenue within the City. <br />Fire House #2 Construction Fund -this fund accounts for activities relating to the construction of Fire <br />House#2. <br />Well #6 Construction Fund-this fund accounts for activities relating to the construction of Well# 6 and <br />well house. <br />Northpointe Improvements Fund -this fund accounts for activities relating to the construction of streets <br />and utilities within the Northpointe development. <br />Birch St/Centerville Rd Improvements Fund -this fund accounts for activities relating to the construction <br />of street improvements and sanitary sewer extension in conjunction with Fire Station #2. <br />Blackduck/Aqua Lane Watermain Extension Fund-this fund accounts for activities relating to the trunk <br />watermain improvements along Aqua Lane to north of Blackduck Drive. <br />Permanent Funds <br />Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, and not <br />principal, may be used for purposes that support the City's programs. The City maintained the following <br />nonmajor Permanent Fund during the year. <br />Foxborough Environment Fund -established to account for the use of funds received for environmental <br />maintenance and improvements in the Foxborough area. IV-39