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CAPITAL PROJECTS FIINDS <br />The Capital Projects Funds account for financial resources to be <br />used for the acquisition or construction of major capital <br />facilities other than those financed by special assessments or <br />proprietary funds. <br />Permanent Improvement Fund - accounts for the cost of <br />construction, renovation or installation of facilities of a <br />permanent nature. <br />Equipment Fund - used for the purchase of heavy machinery and <br />motorized type of equipment. <br />State Grant Recreation Fund - accounts for the acquisition of <br />land and the development of parks. <br />Minnesota State Aid Street Construction Fund - accounts for money <br />received from the state for street construction. <br />Infrastructure Replacement Fund - accounts for Property Tax <br />dollars levied to prepare for future care and maintenance of <br />reconstructed streets. <br />Special Assessment Construction Fund - accounts for money to <br />conduct a street reconstruction program <br />Tax Increment Fund - accounts for the revenues and expenditures <br />associated with the creation of various tax increment financing <br />districts. <br />