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NOTE X. — SUMMARY. OF SIGNIFICANT ACCOUNTING POLICIES`(CONTMUED) <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 financ'ial.resources except those required to be� accounted for. in another fund. <br />G.O: Capital Improvement. Plan *ponds Sesties 20ISA Debt Service Fund — .The G.Q, Capital <br />Improvement`Pian. Bands Series 2615A Fund accounts for all debt :service activity related to the <br />2615A bond. <br />G.O:. Capital Improvement. Plan Bonds Series 2019A. Debt Service Fund — Tht. 0.0, *Capital <br />lmprovement Plan Bonds Series 29J8A.Fund accounts for all debt -service. activity. related to the <br />2Q18A bond. <br />Street.IMprovements Capital Project Fund — The Street. Improvements Fund is used to account for <br />the accumulation of resources that .are. restricted, committed, or assigned to. expenditures for capital <br />-oiitlaysr including. the acquisition.orconstruction of capital facilities. <br />Parks and Playgrounds Capital Project Pund — The Parks and Playgrounds Fund is used to <br />account for the accumulation of resources thatare restricted for capital. outlays and other costs related <br />to maintaining mid improvingtheCity's parks mid -playgrounds. <br />The..Citywrepottsthe following major proprietary funds; <br />Water Utility Enterprise Fund — The Water Utility Enterprise -Fund accounts. for customer water <br />service charges that are used to finance. water operating expenses. <br />.Sewer- Utility. Efitdrpriie .Fund -- The Sewer Utility. Enterprise Fund accounts for customer sewer <br />service charges that are used to:.friance seweroperating expenses. <br />E. Cash and.Investments <br />Cash and temporary investments include balances from all funds that are combined and .invested to the <br />extent :available in various securities as authorized by *state lain. Earnings from .thi pooled investments are <br />allocatedto tlie. respective funds 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 />originally maturity from the time of purchase by the City of three months..or less .to be cash equivalents. <br />The proprietary funds' portion in the: government -wide. cash and investment management pool is <br />considered cash equivalent. <br />-2a <br />