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I TRUST AND AGENCY FUNDS <br />Trust Funds are used to account for assets held by the City in a trustee capacity. <br />Flexible Benefit Plan Fund - used to account for employee participation in the cafeteria plan created in <br />accordance with Internal Revenue Code § 125. <br />Agency Funds are used to account for assets held by the City in an agent capacity for individuals, private <br />organizations, other governmental units, or other funds. <br />Deferred Compensation Agency Funds - ICMA Fund, Minnesota Supplemental Investment Fund, <br />Great West Life Insurance Company Fund, and USCM/PEBSCO Fund - used to account for employee <br />deferred compensation plans created in accordance with Internal Revenue Code § 457. <br />-96-