06-05-2017 Council Packet - Laserfiche WebLink

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CAPITAL PROJECT FUNDS Capital Project Funds account for the acquisition or construction of major capital facilities other than those financed by Proprietary Funds. The City maintained the following nonmajor Capital Project Funds during the year: Closed Bond Fund – to account for excess funds from matured bond issues. Building and Facilities – to account for the activities associated with the maintenance and replacement of municipal buildings and facilities. Capital Equipment Revolving – to account for proceeds from Equipment Certificates and funds held to purchase capital equipment. Office Equipment Revolving – to account for the receipt and use of funds for office equipment purchases. Dedicated Parks – to account for the receipts and use of monies collected from park dedication fees. Tax Increment Financing Funds – to account for development projects financed with tax increments. Municipal State Aid (MSA) Construction – to account for the financing of future reconstruction of state aid eligible streets. Sealcoating – to account for money received from levies, assessments, and developer charges for future street sealcoating and overlay projects. Surface Water Management – to account for the financing of surface water management and storm water improvements. Street Reconstruction – to account for the financing of future reconstruction of City streets. Surface Water Maintenance – to account for surface water maintenance activities. I-35E Interchange – to account for activity related to the I-35E / CSAH 14 Interchange Reconstruction Project. Traffic Signal Fund – the Legacy traffic signal charge fund accounts for costs associated with construction of traffic signals in the City. Otter Lake Road Extension – this fund accounts for activities relating to the construction performed in the extension of the Otter Lake Road. 123