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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 <br />economic purposes. <br />Program Recreation - established to account for various self - supporting recreational programs. <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 three 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 />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 />Capital Improvement Projects - to account for the proceeds from Equipment Certificates. <br />Capital Equipment Revolving Fund - to account for funds held 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 assessments and developer deposits for future street <br />sealcoating projects. <br />Surface Water Management - to account for the financing of surface water management and storm water <br />improvements. <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 />Tax Increment Funds - to account for development projects financed with tax increments. <br />