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City Funds <br />. Park & Playground Fund - Funds can <br />only be used For new Parks & Trails. <br />• Only revenue is interest earnings & no <br />expenditures. <br />. Debt Service Funds - Funds can only be <br />used to repay debt. <br />• City has 2 bonds outstanding and both <br />require a tax levy to fund the 2022 debt <br />payment with total revenues of $87,832. <br />• 2022 bond payment of $139,860. <br />City Funds <br />• Capital Improvement Funds - Funds <br />used for construction of long-term <br />assets, such as streets. <br />• Revenues include special assessments & <br />interest earnings totaling $60,000. <br />• Enterprise Funds - Self-supporting <br />activities, run like a business. <br />• Sewer and water Funds. <br />• Revenues of $83,340 against expenses <br />of $140,350. <br />5 <br />General Fund <br />. Accounts for the operations of the <br />City. <br />. Major revenue source is property <br />taxes. <br />