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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 <br />City for improvement projects to designated roads and bridges within the City. <br />Permanent Improvement RevoKing Fund - used to account for construction costs prior to obtaining <br />permanent financing. <br />1992 Stubbs Bay Sewer Construction Fund - used to account for construction costs of the Stubbs Bay <br />area sanitary sewer system. <br />-72-