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City of Mounds View <br />203.08 203.08 (Rev. 5/10) <br />d. EQUIPMENT: Tangible property of a more or less permanent nature, other than land, <br />buildings or improvements, other than buildings, which is useful in carrying on operations. <br />Examples are machinery, trucks, cars, furniture and furnishings. <br />e. GENERAL GOVERNMENT MAINTENANCE EXPENSES: Costs incurred for the <br />upkeep of physical properties in condition for uses or occupancy which are used in the <br />rendering of services traditionally associated with Municipal government as distinguished <br />from those provided by Municipal enterprise operations. <br />f. GENERAL GOVERNMENT OPERATING EXPENSES: Costs which are necessary to <br />the rendering of services traditionally associated with Municipal government as <br />distinguished from those provided by Municipal enterprise operations. <br />g. PUBLIC IMPROVEMENT PROJECTS: Public improvement projects as defined in <br />Chapter 202 of this Title. <br />h. SPECIAL ASSESSMENT FUND: A fund set up to finance and account for the <br />construction of improvements or provision of services which are to be paid for, wholly or in <br />part, from special assessments levied against benefited property. (1988 Code §27.01) <br />Subd. 2. Fund Established: There is hereby established and created a separate and special fund <br />designated as the "Special Projects Fund", which the City Administrator and Finance <br />Director/Treasurer shall maintain on the official accounting records and financial statements <br />of the City and administer in accordance with this Section. (Amended, Ord. 844, 5-20-10) <br />Subd. 3. Use of Fund: <br />a. This Fund may be used to make interest-bearing loans to finance public improvement <br />projects authorized pursuant to Chapter 202 of this Title or to make interest-bearing loans to <br />finance equipment purchases and/or capital improvement projects, which have been <br />included in the long term financial plan, of any City enterprise fund. <br />b. This Fund may also be used to make permanent transfers for the purchase of equipment <br />and/or to finance capital improvement projects, which have been included in the Long Term <br />Financial Plan, of any City fund except special assessment and enterprise funds. <br />c. In no event shall this Fund be used to finance current and recurring general government <br />operations and maintenance expenses. <br />d. This Fund may be used to make permanent transfers to the fund balance of the General <br />Fund to ensure that there exists a cash flow reserve and a reserve for contingencies. The <br />amounts of said reserves shall be determined by the City Council.