The general fund is used to account for all of the general revenues of the city that are not specifically levied or collected for other city funds, and for the expenditures related to the rendering of general services by the city. The general fund is used to account for all resources not required to be accounted for in another fund. Debt Service Funds Debt service funds are used to account for the payment of principal and interest on city debt and the debt of related entities. Redevelopment Agency Established to accumulate moneys for payment of Redevelopment Agency tax allocation bonds.
Debt service is financed from incremental property tax revenues.
Special Revenue Funds Special revenue funds are used to account for the revenue received from specific taxes or other specific revenue sources other than for major capital projects. These amounts are restricted by law or administrative action to expenditure for specified purposes. Street Projects Funds Established to account for the construction and maintenance of city streets. Financing is provided by the city's share of state gasoline taxes. Low Income Housing Fund Established to account for the receipt and disbursement of in lieu housing fees collected from developers.