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SPECIAL REVENUE FUNDS <br />Special revenue funds are used to account for revenues derived from specific taxes <br />or other earmarked revenue sources. They are usually required by statute or local <br />ordinance to finance particular functions or activities of government. <br />Li(Maintenance - This fund accounts for any library maintenance costs which are <br />not paid by the Great River Regional Library System. <br />Ice Arena - This fund accounts for the operation and maintenance of the ice arena <br />which is funded by user fees. <br />Senior Citizen Special Account - This fund is used to account for Senior Citizen <br />program costs funded by revenues generated from Senior Citizen activities. <br />Park.. Dedication, - This fund accounts for park dedication fees from developers and <br />expenditures for park land acquisitions and park capital improvements. <br />Landfill - This fund was established to segregate solid waste surcharge revenues to <br />be used for landfill abatement and other environmental issues. <br />Landfill -Construction Debris - This fund was established to account for the tax <br />collected on construction debris deposited in the landfill and is to be used for related <br />environmental issues, <br />Revolving Loan - This fund was established to account for the City's portion of state <br />economic development grant repayments which are used to fund other economic <br />development projects. <br />DTED Grant/Loan - This fund was established to account for the Department of <br />Trade and Economic Development grant repayments which are used to fund <br />economic development projects. <br />Development Fund - This fund was establlished to attract businesses to develop <br />within the City's business park. <br />Capital Outlay Reserve - This fund was established to help build reserves for the <br />purchase of capital equipment. The major source of revenue is from defeased bond <br />issues and related special assessments. <br />Emergency/Insurance Reserve - This fund was opened to account for insurance <br />deductibles and litigation costs not covered by insurance. The major source of <br />revenue is from insurance premium refunds. <br />