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2022 MAY 04 CC/SARDA/CUA/CPFA/CHA SPECIAL MEETING - 4 - <br /> <br />Staff Presentation (cont’d) <br />Stacey Dabbs, Finance Director; with the assistance of a PowerPoint presentation: City of Colton <br />FY 19/20 Workshop #2. <br /> <br />Enterprise Funds Overview <br />Enterprise Funds are used to account for any activity for which a Fee is charged to external <br />users for goods and services if the activity’s principal revenue source meets certain criteria. <br /> <br /> Electric Utility <br /> Water Utility <br /> Wastewater Utility <br /> Public Benefit Fund <br /> <br />Other Funds Overview <br /> <br />Internal Service Funds <br />Internal Service Funds provide services to City Departments and recover their costs <br />through user charges. <br />Special Revenue Funds <br />Special Revenue Funds are used to account for and report the proceeds of specific <br />revenue sources that are restricted or committed to expenditure for specified purposes. <br />Capital Projects Funds <br />Capital Projects Funds are used to account for and report the financial resources that are <br />restricted, committed, or assigned to expenditure for capital projects/outlays. <br />Debt Service Funds <br />Debt Service Funds are used to account for the accumulation of resources for and the <br />payment of principal and interest on bonds issued in support of governmental activities. <br />Community Facility Special Assessment District Funds <br />Community Facility and Special Assessment District Funds are used to account for and <br />report the revenues received from special tax assessments to fund debt service and special <br />services provided by the City for each respective district.