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<br />FUNDING SOURCES <br /> <br />General Obligation Bonds - These bonds are all or partly supported by tax levies. <br />Bonds that are more than 80% supported by tax levies require voter approval before they <br />can be issued. <br /> <br />Special Assessment Bonds - These bonds are payable from charges made to property <br />owners that benefit from public improvements. These charges are billed to the property <br />owners with their property taxes. Special assessment bonds can be issued without voter <br />approval provided that at least 20% of the improvement cost has been assessed. <br /> <br />Tax Increment Financing (TIF) - Tax monies generated from designated areas within <br />the City to be utilized for specific types ofprojects. Centerville has one TIF districts, <br />which should be referred to individually for permitted uses. <br /> <br />Water Fund - This fund was established to assist in the financing ofmajor capital outlay <br />expenditures which are related to the Municipal Water System. <br /> <br />Sewer Fund - This fund was established to assist in the financing of major capital outlay <br />expenditures which are related to the Municipal Sewer System. <br /> <br />Storm Sewer Fund - This fund was established to assist in the financing of major capital <br />outlay expenditures which are related to the Municipal Storm Water System. <br /> <br />Capitallmprovement Fund - This fund was established to assist in the financing of <br />major capital outlay expenditures which are general in nature. Property taxes are levied <br />for this fund. <br /> <br />Park Dedication Fees - Monies provided to the Park and Recreation Department by <br />property owners, builders, and/or developers, in lieu of dedicated parkland or trailways. <br /> <br />Equipment Certificates of Indebtedness - Certificates that can be issued for any <br />purpose other than to fund current expenses, as shortage in tax receipts, or extraordinary <br />expenditures resulting from a public einergency. <br /> <br />l>onations - Monies received from various profit or non-profit organizations and/or <br />individuals. <br /> <br />Grants - Monies received from the Federal or State government to assist in the financing <br />of major city expenditures. <br /> <br />Intergovemmental- Improvement projects affecting other governmental agencies could <br />becomecoopenUive efforts resulting injomt financing. Past eXamples have been shared <br />service, waiver of fees, grants, monetary contributions, joint maintenance, shared cost, <br />etc. <br /> <br /> <br />2 <br /> <br />-",'t.,: j-..... <br />