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CAPITAL PROJECTS FUNDS <br />Capital projects funds are used to account for the acquisition and construction of <br />major capital facilities other than those financed by enterprise funds. <br />Capital Projects - This fund is used to account for reserves to be used for future <br />improvement projects, <br />Trunk -Ulilities Expansion - This fund is used to account for the accumulation of <br />resources collected for future water and sanitary sewer trunk expansion. <br />Storm Sewer Projects - This fund is used to account for expenditures related to storm <br />sewer improvement projects. These projects will be funded through a Surface Water <br />Management Utility fee. <br />Permanent Improvement Revolving - This fund is used to account for bond proceeds <br />to be used to finance public improvements and to account for special assessment <br />collections levied for the improvements. <br />Equipment Certificates - This fund was opened to account for equipment certificate <br />proceeds used to fund capital equipment purchases as authorized by Minnesota <br />Statutes. <br />Western Area Improvements - This fund is used to account for costs extending water <br />and sewer services to this area and for street improvements. <br />East Highway.1 0 Improvements - This fund is used to account for costs extending <br />water and sewer services to this area and for street improvements. <br />Tax Increment Fjogncing Districts - This fund is used to account for administrative <br />and development costs associated with the various tax increment financing projects. <br />