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Description: General Obligation Improvement Bonds accounts for resources and payments <br />related to the payment of general obligation debt issued for special assessments are collected and <br />property taxes levied. This fund has been designated a major fund for reporting purposes <br />Revenues generally consist of property taxes collected and special assessments from benefited <br />property. Other revenues include, investment income, and other miscellaneous revenues sources. <br />Expenditures recorded include bond interest payments, bond principal payments and other <br />expenses related to debt management. <br />It is expected that this fund is to be self - supporting from the related tax levies and the special <br />assessments. <br />Description: General Obligation Tax Increment Bonds accounts for resources and payments <br />related to the payment of general obligation debt issued for tax increment development purposes <br />and for which tax increments are collected. This fund has been designated a major fund for <br />reporting purposes <br />Revenues generally consist of tax increments collected. Other revenues include, investment <br />income, and other miscellaneous revenues sources. <br />Expenditures recorded include bond interest payments, bond principal payments and other <br />expenses related to debt management. <br />It is expected that this fund is to be self - supporting from the related tax increment sources. <br />Fund Type: Capital Projects <br />General Description: Capital Projects: Funds in which revenues are collected for the <br />construction and replacement of city facilities, equipment and infrastructure. <br />Description: Revolving Equipment Fund accounts for resources and payments related to the <br />replacement of furniture, fixtures and equipment within the city departments. This fund has been <br />designated as part of a major fund (Revolving Improvements) for reporting purposes <br />Revenues generally consist of property taxes collected from levies specified for equipment, from <br />depreciation charges to various operating departments. Other revenues include, investment <br />income, and other miscellaneous revenues sources. <br />Expenditures recorded include certain capital expenditures if they have been purchased <br />previously and have been depreciated. An expenditure would also qualify, if it were replacing a <br />previously depreciated asset. <br />I -21 <br />