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COMBINING FINANCIAL STATEMENTS <br />Nonmajor Enterprise Funds <br />Enterprise funds are used to account for the acquisition, operation and maintenance of governmental <br />facilities and services which are entirely or predominantly self-supporting, by user charges. The <br />operations of Enterprise Funds are accounted for in such a manner as to show a profit or loss similar to <br />comparable private enterprises. <br />Airport Fund – This fund is used to account financial activities of the airport, which includes rentals, <br />grants and other revenues. <br />Golf Course Fund – This fund is used to account for revenues and expenses related to the operation of an <br />eighteen-hole municipal course. During FY2011, the activities of the course were transferred to the <br />general fund and accounted for in culture and recreation. <br />97 <br /> <br />