So, in order to insure that the different activities of the city could be clearly tracked by the citizens, the requirement for separate Funds has evolved. Basically the Funds are divided into the way the money is raised and the way the money is spent. Here are the Fund categories and a brief description. Click on the Fund Name to get more detailed information about that particular type of fund. It is mostly supported by taxes and pays for such essential services as police, fire and often parks.
Examples are street and sidewalk improvements, new parks, improvements to city buildings, etc.
Yes, we have special Funds to track the repayment of the bonds. We won't try to explain the different types of bond issues, but trust me we need to track them very carefully. The bond buying marketplace keeps a close eye on our Debt Service Funds. These are business like activities of the city where the customers are outside of city government. The long-term costs include the maintenance of the capital investment.