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Community Services/City Hall Fund (601) – $172,620 The Community Services/City Hall Fund is used to fund the operation and maintenance of the City Hall building. Funding is comprised of annual rent charges of $127,300 from I.S.D. #282 for the Community Services portion of the building and a rent transfer from the General Fund for the segment of the building used for City Hall. Water/Sewer/Water Plant Fund (701) – $19,033,349 The Water/Sewer/Water Plant Fund is an enterprise fund used to provide water and sewer services to the community. Funding for operation and maintenance of the system is provided on a user–fee basis, which is based on consumption. The fund balance is substantially comprised of capitalized water mains, sewer mains, water treatment plant, lift stations, machinery and equipment. Liquor Fund (705) – $2,936,622 The Liquor Fund is an enterprise fund used to account for operations from the City’s municipal liquor stores. Profits from operations are directed to reducing the general fund levy. The fund balance is substantially comprised of inventory, buildings, and fixtures. Stormwater Utility Fund (706) – $9,517,326 The Stormwater Utility Fund was established in 2015. The primary source of revenues for this fund is the stormwater charges. These charges are used for stormwater maintenance costs, stormwater capital equipment, and flood control projects along with providing funds for Debt Levy relief in connection with the annual infrastructure improvements. The fund balance is substantially comprised of capitalized stormwater infrastructure and land. Severance Fund (901) – $299,915 (Cash) The Severance Fund is a restricted use fund that provides funding for employee personal leave and comp– time severance paid upon their termination of employment with the City. The City’s liability for 2023 totaled $554,448. The City established an annual fund transfer in 2014 to meet severance obligations as they come due. 68