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.NOTE.I — SVMMRY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Description of Funds The.C.itjr reports the following major governmental funds; General Fund.— The General Fund: is.tho-$eneral operating.fund of -the City. It is used to accottint for all financial resources except those requited to be. accounted for in another fund. G.O. Capital Improvement Plan Bonds Series 2007A Delft Service Fund —. The .G.O. Capital Improvement Plan Bonds Series 2007A Fund accounts for. all debt service activity related to the 2007A bond. G.O. Capital Improvement Plan bonds -Series 2018A Debt Service Fund — The G.O. Capital. Improvement. Plan Bonds Series 2018A Fund accounts for all debt service activity related to the. 2018A bond. Hoffman. Road Capital Project .Fund— The Hoffman Road Fund accounts -for. -all activity related to the reconstruction activities ofHofff man.Road. This fund. was closed -In 2020. Scheuneman Road Capital Project Fund. -- The Scheuneman Road Fund accounts: for activity related to the reoonstructionactivities of Scheuneman Road. This fund was closed in.2020: Street Iimproyements. Capital Project Fund— The Street. Improvements. Fund is. used to accquni for the accumulation of resources. that are restricted, committed, or assigned to. expenditures for capital outlays, including the acquisition or construction of capital facilitieq. Parks and Playgrounds Capital Project Fund The Parks and Playgrounds Fund is used to account for the accumulation of resources that are restricted for capital outlays and other costs related to maintain tg and improving the City's parks and playgrounds. The. City reporis the following. major proprietary funds: Water Utility Enterprise Fund — The Water Utility Enterprise Fund accounts for* customer water service charges that are used to finance*watecoperating expenses. Sewer Utility Enterprise Fund —`The Sewer. Utility Enterprise Fund. accounts. for customer sewer service. charges that are used to financersewer-operating expenses. E.. Cash and Investments Cash and temporary investments include balances from all funds that are combined and invested: to the extent available in various securities as authorized by.statef low. Earnings from the pooled investments are allocated to. the..resgective.funds on the basis of applicable cash balance.participation by each fund. l:or .purposes of the Statement of Cash Flows,: the City considers .all highly liquid iasttuments with an originally maturity fibm the time of purchase by the City of three months or less to be cash equivalents. The proprietary funds' portion in Itie governrtienf-wide -cash and investment management pool is considered cash equiyidgpt: