Show Notes inancial to 1 Summary und The significant of (co n’t) Statements accounting ( policies Cont inued ) accounting of accounts groups operations each the City each of organized considered are which of is fund a basis the on for accounted its comprise with and accounting separate are funds of account entity separate liabilities appropriate in individual of set a The selfbalancing that fund accounts equity assets expenditures or as Government revenues expenses allocated and for funds to accounted based resources are the for they be by which to and the upon spent which purposes are means The spending activities controlled funds in are various grouped are the financial into eight fund and three generic broad statements types fund categories follows: as and Governmental The the used is General und City accounted for Revenue unds The not Special other the unds to by for account a separate and receive designated specifically revenues Library and the Redevelopment City unds Service Debt resources Interest to expend taxes property the finance operations Agency for the unds for Capital Projects financial account of acquisition major capital or construction by than those unds and financed Proprietary unds) the unds Special Assessment to Improvements deemed special assessments are the City curb for are for account benefit levied the The and gutter Bond the paving of principal used for resources (other improvements Special Assessment financing of public properties against which special districts assessment street of accumulation Allocation Tax The The and to account of payment costs related and used are the and for of financial resources fund specialized all the of improvements unds Proprietary for that operations account are to enterprises similar private business manner of is where the the body that the intent governing costs goods to (expenses including depreciation) of providing services or be public basis the a continuing financed or recovered general on The City and primarily through charges user operates water sewer electric utility systems The unds Enterprise financed and of goods or departments operates a services of in unds Service Internal the central used are operated used are provided City garage to a on fund to by a an for the central account und Internal Service basis cost-reimbursement as an Internal Service financing various to The City und (Continued) Pg 21 |