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.......... ...... <br />Expenditures recorded include payments for liabilities within the City's deductible limit and payments to <br />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 City h <br />a fiduciary responsibility and the funds are held in trust for a third party. <br />Descripdon: Investment Trust Fund accounts for revenues and expenditures related to the investment <br />activities for a not-for-profit organization devoted to providing cable television oversight for a group of <br />communities. <br />Revenues consist of payments received from the licensed cable company, investment income and other <br />miscellaneous revenues. <br />f-'sxpenditures from the trust are only transfers to the agency's general account upon request. No direej <br />expenditures are made from the trust. <br />0 <br />Fund Type: Prol2rietarl Fund. <br />General Description: Proprietary (Enterprise) Funds: Funds which account for specific operations of <br />a <br />the City in a manner similar to the private sector. All Enterprise Funds have been designated major <br />fands for reporting purposes. <br />Description: Sewer Fund accounts for revenues and expenditures related to City's sewer distribution <br />system operations. <br />Kevenues pn'marily consist of sewer fees collected from system users. Other revenues include; <br />d <br />mvestment income and other miscellaneous revenues sources. <br />Ftxpenditures recorded include sewer system operating expenditures such a salaries and bcnefits, <br />supplies, and other charges, which include utilities, professional services, memberships, and other <br />similar uses. Major expenditures also include waste treatment fees to the Metropolitan Council <br />rkepartment of Environmental Services r capital expenditures for maintam*m*g the system. <br />Description: Water Fund accounts for revenues and expenditures related to City's water distribution <br />system operations. Revenues primarily consist of water fees collected from system users. Other revenues <br />include; investment income, and other miscellaneous revenues sources. <br />Expenditures recorded 'include sewer system operating expenditures such as wages, salaries and benefits, <br />supplies, and otheT charges, which include utilities, professional services, memberships, and other <br />similar uses. Major expenditures also include the purchase of wholesale water from the St. Paul <br />kegional Water System Authority and certain capital expenditures for maintaining the system. <br />Description: Gotf Fund accounts for revenues and expenditures related to City's 9-Hole golf course. <br />r-wvenues primarily consist of greens fees collected from course users. Other revenues includei <br />investment income, and other miscellaneous revenues sources. <br />135 <br />