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Revenues primarily consist of fees collected from user departments and property tax levies, when <br />needed. Other revenues include, investment income, and other miscellaneous revenues sources. <br />Expenditures recorded include payments for liabilities within the City's deductible limit and <br />payments to the City's insurance carrier, League of Minnesota Insurance Trust. <br />Fund Type: Trust Funds <br />General Description: Trust Funds: Funds which account for specific operations for which the <br />City has a fiduciary responsibility and the funds are held in trust for a third party. <br />Description: Investment Trust Fund accounts for revenues and expenditures related to the <br />investment activities for a not - for - profit organization devoted to providing cable television <br />oversight for a group of communities. <br />Revenues consist of payments received from the licensed cable company, investment income and <br />other miscellaneous revenues. <br />Expenditures from the trust are only transfers to the agency's general account upon request. No <br />direct expenditures are made from the trust. <br />Fund Type: Proprietary Funds <br />General Description: Proprietary (Enterprise) Funds: Funds which account for specific <br />operations of the City in a manner similar to the private sector. All Enterprise Funds have been <br />designated major funds for reporting purposes. <br />Description: Sewer Fund accounts for revenues and expenditures related to City's sewer <br />distribution system operations. <br />Revenues primarily consist of sewer fees collected from system users. Other revenues include, <br />investment income, and other miscellaneous revenues sources. <br />Expenditures recorded include sewer system operating expenditures such as wages, salaries and <br />benefits, supplies, and other charges, which include utilities, professional services, memberships, <br />and other similar uses. Major expenditures also include waste treatment fees to the Metropolitan <br />Council Department of Environmental Services and certain capital expenditures for maintaining <br />the system. <br />Description: Water Fund accounts for revenues and expenditures related to City's water <br />distribution system operations. <br />Revenues primarily consist of water fees collected from system users. Other revenues include, <br />investment income, and other miscellaneous revenues sources. <br />I -26 <br />