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expenditures which are to be used £or the construction and reconstruction of projects to be funded with State Aid moniea. The Infrastructure Replacement fund accounts for revenues and expenditures related to replacement of public improvements which are being primarily funded from a special tax levy. The Special Assessment Construction fund accounts for all monies which are directly associated with public improvements funded from special assessments. The Economic Increments Construction Fund was established in 1990 to account for the revenues and expenditures of additional incre- ments received in excese of the bonded tax increment debt serv- ice. The Construction Reserve was established in 1992 to account for the revenue associated with defeased and called bond isaues and expenditures for improvements of a permanent nature. The Tax Increment Project Fund was established to account for the revenues and expenditures for the various projects associated with the creation of the various tax increment financing districts. Tax Increatent Districts The City Council took action on October 13, 1982, to form a Municipal Development District and two Tax Increment Financing Districts, with an additional Development District and Tax Increment Financing District being formed in 1984. In 1985, the City substantially modified its Tax Inerement Plans to create one development district and several tax increment districts. As of December 31, 1993, the City has twelve tax increment districts. The City Council is responsible for administering the tax increment projects. Aaencv Funda ' The Northwest Youth and Family Service Agency ia a aeparate nonprofit organization which was established under a joint powers agreement between the City of Roseville and other governmental units. In accordance with the terms of the agreement, the City provides accounting services to the Agency. The Grass Lake Water Management Organization is a aeparate nonprofit organization which was established under a joint powers agreement between the City of Roseville and the City of Shrive. In accosdance with the terms of the agreement, the City provides accounting aervicee to the Organization. The Deferred Compensation fund is to account for those funds which are held in trust by trustees for future retirement benefits for City employees. 7