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CAPITAL PROJECT FUNDS <br />Capital Project Funds account for the acquisition or construction of major capital facilities other <br />than those financed by Proprietary Funds. The City maintained the following nonmajor Capital <br />Project Funds during the year: <br />Closed Bond Fund – to account for excess funds from matured bond issues. <br />Capital Equipment Revolving – to account for pay-as-you-go capital equipment financing <br />and financing of capital equipment through donations. <br />Office Equipment Revolving – to account for the receipt and use of funds for office <br />equipment purchases. <br />Dedicated Parks – to account for the receipts and use of monies collected from park <br />dedication fees. <br />Tax Increment Financing Funds – to account for development projects financed with tax <br />increments. <br />Pavement Management Fund – to account for the financing of street maintenance <br />projects. <br />Surface Water Management – to account for the financing of surface water management <br />and storm water improvements. <br />Street Reconstruction – to account for the financing of future reconstruction of City <br />streets. <br />Surface Water Maintenance – to account for surface water maintenance activities. <br />Park and Trail Improvements – to account for park and trail improvement activities. <br />Comp Plan Update – this fund accounts for the financing sources received and <br />expenditures incurred to update the City’s Comprehensive Plan. <br />Pheasant Run Reconstruction – to account for the financing of the Pheasant Run street <br />reconstruction project. <br />123