CAPITAL PROJECT FUNDS
Capital Project Funds are established to account for resources obtained and expended for the
acquisition of major capital facilities or equipment other than those employed in the CNTR of
services accounted for in Enterprise Funds.
The current funds were established for the following purposes:
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Fire Projects: to account for Fire Department Capital Projects.
Public Works Projects: to account for Public Works Department Capital Projects.
Community and Economic Development Projects: to account for Community and Economic
Development Department Capital Projects.
Property Revaluation Projects: to account for City-wide property revaluations and appraisals.
School Department Projects: to account for School Department Capital Projects.
Technology Projects: to account for Technology projects.
City Building Projects: to account for capital projects related to City facilities.
City-wide Communication Projects: to account for capital projects related to city-wide
communication issues.
Hydroelectric Projects: to account for the acquisition of the Mine Falls Dam.
Police Projects: to account for capital projects related to the police department.
PERMANENT FUNDS
Permanent Funds are established to account for certain assets held by the City in a fiduciary
capacity as trustee. The following is a description of City Permanent Funds:
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Cemetery Permanent Funds: to account for the City’s Cemetery Funds.
Library Permanent Funds: to account for the City’s Library Funds.
Other Permanent Funds: to account for Other Nonexpendable Funds.
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