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NOTE 1— SUMMARY OF SIGNrF'ICANT ACCOUNTING POLICIES.(CONTINUED) <br />Description of Funds <br />The City reports the following mAjor governmental funds: <br />General Fund —The General. Fund is the general. operating fund of -the City, It is used to account for <br />all financial resources except those required to be accounted for in another fund. <br />G.O. Capital Improvement Plan Bonds Senaies 2015A Debt Service. Fund - Tlie C;.O. Capital <br />Improvement Plan Bonds Series 2015A Fund' accounts for all debt service activity. related to the <br />2015A bond, <br />G.O. Capital Improvement Plant Bodds Saries '2018A Debt $brvice Fund — The. G.O. Capital. <br />Improvement Plan Bonds Series 2018A Fund accounts for all* debt service activity related to the <br />26.1 &A bond. <br />Street Improvements Capital. Project Fund — The Street Improvements Capital Project Fund is <br />used .to account for the.. accumulation of resources that are restricted,. committed, or .assigned to <br />expenditures.for capital outlays, includiitg.the acquisition or construction of capital faeRities. <br />Parks and Playgrounds Capital Project Fund — The Parks and Playgrounds Capital Pcaject Fund is <br />used to :account for the accumulation of resources that are restricted for capital outlays and other costs <br />relatedto maintaining and improving:the City's parks and. playgrounds. <br />The City reports the following major-propiietary funds: <br />Water Utility. Enterprise Fund — The Water Utility Enterprise Futid' accounts for customer water <br />service charaes..that.are used to finance water operating expenses. <br />Sever Utility .Enterprise Fund — The Sever Utility .Enterprise Fund accounts for customer sewer <br />service charges that are used to finance sever operating expep�es: <br />E. Cash and Investraents <br />Cash and temporary investments inOude balances from all. funds. that are, combined and invested to the <br />ektent available* in various securities as authorized by state law. Earnings frorrr the pooled investments are <br />allocated to*the respective fluids on the basis of applicable cash balance participation by each fund. <br />.For purposes of the Statement of Cash Flows, the City considers all highly liquid instruments With an <br />original maturity from the time of purchase by the City of three months or less to be cash equivalents.. -The <br />proprietary funds' portion in the .government -wide cash. and im=estment management pool is. considered a <br />cash equivalent. <br />-2a- <br />