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<br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Internal Service Funds <br /> <br />Motor Pool Fund - Used to account for the procurement and maintenance of the City's <br />rolling fleet. <br /> <br />Medical Fund - Used to account for the provision of medical insurance to the City's <br />full-time employees. <br /> <br />Capital Improvement Funds <br /> <br />General Capital Improvement Fund - Used to account for Capital Projects that are <br />normally small in nature and effect the general operation of the City. <br /> <br />Utility Capital Improvement Fund - Used to account for Capital Projects that are <br />normally small in nature and effect the utility operation of the City. <br /> <br />1984 General Obligation Fund - Used to account for utility system improvements. <br /> <br />1985 General Obligation Fund - Used to account for variety of projects including <br />parks, streets, fire, and storm water, <br /> <br />1985 Revenue Bond Fund - Used to account for utility system improvements. <br /> <br />1989 General Obligation Fund - Used to account for a variety of projects including <br />street improvements and the construction of a Fire Training Facility. <br /> <br />1990 General Obligation Fund - Used to account for the construction of a combined <br />Senior CitizenfWellness Center, <br /> <br />1990 Revenue Bond Fund - Used to account for improvements to the water and sewer <br />system, Included in the project is a new elevated water tower. <br /> <br />Debt Service Funds <br /> <br />General Debt Service Fund - Used to pay interest and extinguish debt of the <br />outstanding General Obligation Issues of the City, <br /> <br />Utility Debt Service Fund - Used to pay interest and extinguish debt of the <br />outstanding Revenue Bond Issues of the City. <br /> <br />Targeted OperatinE Balances <br /> <br />The City strives to maintain a minimum working capital balance of 60 to 90 days of <br />operating expenses in its Operating Funds. All funds currently meet or exceed this <br />bench mark. In fiscal year 1989-90, it was determined that the excess fund balance <br />,in the Debt Service Fund would be used over a five year period to reduce its balance <br />to the targeted range. The five year period was selected to minimize the impact on <br />our tax rate. <br /> <br />vii <br />