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ecial Assessment Fund The Special Assessment Fwid is used to finance and account for the construction and financing of certain public improvements such as street improvements, sidewalk improvements, storm sewers, and water and sewer lines which may be paid wholly or in part £rom the special assessments levied against benefited property. The fact t]zat the speciai improvements are paid for completely or in part by property otianers ia a limited geographical area who speci£ically benefit distinguishes ther� from improvements which benefit the entire communit}, and tiahich were paid £or out of general revenue or through the issuance ot general obligation bonds. The main difference between the assets and liabilities are deferred tax levies totaling $6,715,750, which ase used to finance the City's share of. the improve- ment cost. The handling of deferred tax levies in the financial statements is e�lained in the "Notes to the Financial Statements." During the preparation o£ the annual budget, this fund is reviewed to determine the status of the deferred tax levies for all bond issues. Enterprise Funds Enterprise Funds accoimt £or the financing o£ services to the general public in which all or most of the costs involved are paid in the form of charges by the user of such service. Except for ownership, these funds closely resemble a privately-owned business. The Liquor Fund accounts for the operation of the off-sale liquor store. The operating trans£er of $21,317 to the equipment fund was for the snorkel fire truck. Below is a summary of the off-sale liquor operation: Sales Cost o£ sales Gross profit Total operating expense Operating income Nonoperating revenue Income before operating transfers Qperating transfers to other City f un ds Net Income(Loss) � 19 82 $626,771 478,509 $148,262 $103,970 � 44,292 1°,930 � 63,222 (21,317) $ 41,905 1981 (Restated) $650,780 486,924 $163, 856 3110,968 � 52,8£�8 32,305 � 35,193 (153,973) �(68,785)