Debt Service Fund – The City’s General Bond Retirement Fund is used to account for the accumulation of resources for and payment of general obligation long‐term debt principal, interest and related costs. Proprietary Funds Enterprise Funds – Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the governing body is that the costs of providing goods or services to the general public on a continuing basis will be recovered primarily through user charges. The City operates the following proprietary funds: Water Fund: The Water Fund is a proprietary fund that accounts for activities associated with the City’s water supply. The City of Gahanna utilizes the City of Columbus water system, which provides supply, purification and distribution services. Gahanna is responsible for the construction and maintenance of the water lines. Water Fund revenues come from user charges related to consumption and tap‐in fees. Expenses are driven by the charges Columbus levies on Gahanna for the water, as well as the ongoing maintenance of the system
Sewer Fund: The Sewer Fund is a proprietary fund that accounts for the activities associated with the City’s sanitary sewers. The City is connected to the City of Columbus sanitary sewer system, which provides sewage treatment services. Gahanna is responsible for the construction and maintenance of the sanitary sewer lines. Revenues are derived from user charges related to usage and tap‐in fees. Expenses are driven by the charges Columbus levies on Gahanna for use of the sewer system and maintenance of the sanitary sewer system.
Water and Sewer Capital Improvement Funds: A portion of water and sewer user charges are allocated to the Water and Sewer Capital Improvement Funds in order to provide for the long‐term capital improvements required to maintain and expand these two systems.
Stormwater Fund: The Stormwater Fund is a proprietary fund that accounts for the activities associated with managing runoff in a manner that is consistent with the EPA’s National Pollutant Discharge Elimination System (NPDES) standards. Citizens are charged a stormwater management fee in conjunction with their water and sewer bills to accommodate these expenses.
Internal Service Funds‐Internal service funds are used to account for the financing of goods or services provided by one department to other departments of the City on a cost‐reimbursement basis. The City maintains one internal service fund—a workers’ compensation self‐insurance
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