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I <br />I <br />I <br />1 ’ <br />c <br />r <br />i: <br />r <br />r <br />1 <br />I <br />I <br />I <br />I <br />I <br />i <br />CAPITAL PROJECT FUNDS <br />Capital Project Funds are used to account for financial resources to be used for the acquisition or <br />construction of major capital facilities. <br />Minnesota State-Aid Streets Construction Fund - used to account for state-aid allotments used by the City <br />for improvement projects to designated roads and bridges within the City. <br />Permanent Improvement Revolving Fund - used to account for construction costs prior to obtaining <br />permanent financing. <br />1997 Sewer Construction Fund - used to account for construction costs of the 1997 North Long Lake and <br />Long Lake Country Club sanitary sewer improvements. Bay Ridge/Hartwood and Brackett’s Point sanitary <br />sewer improvements, and the Orono Ice Arena sanitary sewer and water improvement projects. <br />1998 Sewer Construction Fund - used to account for construction costs of the 1998 shoreline and heritage <br />sanitary sewer improvement projects. <br />-67-