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CAPTTAL PROJECTS FUNDS <br />The Capital Projects Funds account for financial resources to be used for the acquisition or <br />construction of major capital facilities other than those financed by proprietary funds. <br />Permanent Improvement Fund - accounts for the cost of construction, renovation or <br />installation of facilities of a permanent nature <br />Equipment Fund - used for the purchase of heavy machinery and motorized type of <br />equipment <br />State Grant Recreation Fund - accounts for the acquisition of land and the development <br />of pazks <br />Minnesota State Aid Street Construction Fund - accounts for money received from the <br />state for street construction <br />Infrastructure Replacement Fund - accounts for property ta�c dollazs levied to prepare for <br />future caze and maintenance of reconstructed streeu <br />Special Assessment Construction Fund - accounts for money to conduct a street <br />reconstruction program <br />Economic Increments Construction Fund - accounts for the revenues and expenditures <br />associated with public improvements in the pooled tax increment districts <br />Construction Reserve - accounu for the revenues from called and defeased bond issues and <br />expenditures associated with special construction projecu approved by the City Council <br />Tax Increment Project Fund - accounts for the revenues and expenditures associated with <br />the original creation and financing of vazious ta�c increment districts <br />