Combining and Individual Fund Statements and Schedules: Non-major Governmental Funds – Descriptions

Non‐major Governmental Funds

Special Revenue Funds

Special Revenue funds are established to finance particular activities and are created out of receipts of specific taxes or other earmarked revenue. Such funds are authorized by statutory or charter provisions to pay for certain activities with some form of continuing revenue.

UNS Facilities Relocation Fund was established to accumulate funds specifically for the purpose of relocating gas lines.

Impoundment Fee Fund was established to accumulate funds that are collected from vehicle impoundment per State Statute 28‐3511.

Police Safety Fund was established to accumulate funds that are collected for public safety per State Statute 41‐1723.

Donation Fund was established to account for and accumulate funds that are donated to the Town for a variety of purposes.

Maranda Donation Fund was established to account for and accumulate funds that were donated from the estate of Joseph R. Maranda for the purpose of founding a boys’ choir.

Smart and Safe Arizona Fund was established to account for the portion of state‐shared sales tax on all marijuana and marijuana products for the purpose of supplementing Police department personnel cost per State Statute 36‐2856.

Debt Service Funds

Debt Service funds are used to account for the accumulation of resources for, and the payment of, general long‐term debt principal, interest, and related costs.

Revenue Bonds Fund is used to account for the refunding debt associated with the acquisition and financing of municipal projects and facilities, the construction of the Library, Police buildings, and purchase of the joint facility from Yavapai College.

Capital Project Funds

Capital Project funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds.

Capital Project Growth Fund is used to acquire, construct, and improve major street projects that are proposed due to growth.

Community Facilities Districts Funds

These funds account for the principal and interest of debt obligations issued by community facilities districts. Although these bonds are not obligations of the Town, generally accepted accounting principles indicate that the bonds should be disclosed herein. The community facilities districts funds are as follows:

StoneRidge Parkway No. 1

Pronghorn Ranch Raven Ridge

Quailwood Meadows Entertainment Center

Entertainment Center Community Facilities District is used to account for the operation of the Findlay Toyota Center.