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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />ORGANIZATION OF FUNDS <br /> <br />The City books are established in accordance with Generally Accepted Accounting Principles (GAAP) and our budget <br />process is based on a working capital approach. The City has the following Fund Types and Funds: <br /> <br />Governmental Fund Types <br /> <br />General Fund - Used to account for generic activity that Is not specifically accounted for elsewhere. <br /> <br />Hotel/Motel Occupancy Tax Fund - Used to account for funds received from the assessment of the <br />Hotel/Motel Occupancy Tax. <br /> <br />Economic Development Fund - Used to account for funds devoted to maintaining and promoting economic <br />development in the city. <br /> <br />Enterprise Funds <br /> <br />Utility Fund - Used to account for activity surrounding the provision of water and wastewater service to the City <br />residences. <br /> <br />Sylvan Beach Fund. Used to account for activity surrounding the City's operation of the Sylvan Beach Pavilion <br />and Conference Center. <br /> <br />Airport Fund - Used to account for the operation of the City's Airport. <br /> <br />La Porte Area Water Authority - Used to account for the production and distribution of treated surface water <br />to the La Porte Bayshore area. <br /> <br />Golf Course Fund - Used to account for the operation of the municipal Golf Course. <br /> <br />Internal Service Funds <br /> <br />Motor Pool Fund - Used to account for the procurement and maintenance of the City's rolling fleet. <br /> <br />Computer Maintenance and Replacement Fund - Used to account for the procurement, maintenance and <br />replacement of the City's computer systems. <br /> <br />Capital Improvement Funds <br /> <br />General Capital Improvement Fund - Used to account for Capital Projects that are normally small In nature and <br />effect the general operation of the City. <br /> <br />Utility Capital Improvement Fund - Used to account for Capital Projects that are normally small in nature and <br />effect the utility operation of the City. <br /> <br />Sewer Rehabilitation Fund - Used to account for improvements to the City's sanitary sewer system. <br /> <br />Debt Service Funds <br /> <br />General Debt Service Fund - Used to pay interest and extinguish debt of the outstanding General Obligation <br />Issues of the City. <br /> <br />Utility Debt Service Fund - Used to pay interest and extinguish debt of the outstanding Revenue Bond Issues <br />of the City. <br /> <br />La Porte Area Water Authority Debt Service Fund - Used to pay interest and extinguish debt of the <br />outstanding Revenue Bond Issues of the Authority. <br /> <br />1-13 <br />