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<br />• Golf Course – The Golf Course Enterprise Fund was established in 2023. The Golf Course <br />provides golfing opportunities for both residents and visitors to the City. Post Covid-Pandemic, <br />the Golf Course has been performing exceptionally well to sustain itself separately from the <br />General Fund. During the winter months the course is open to sledding. <br /> <br />• Cable TV – The Cable TV Fund was created to account for revenues collected as part of the <br />franchise agreement between the City and Mediacom. <br /> <br />• Stormwater – The Stormwater Fund is used to account for the City’s stormwater utility. The <br />system consists of culverts, collection ponds, and drainage ways. The utility was created in <br />order to provide funding needed to comply with State and Federal mandates regarding <br />stormwater. All properties within the city are charged a stormwater fee. <br /> <br />Internal Service Funds – Internal Service Funds are used to track revenue and expense shifts between <br />departments. These include the following funds: Insurance, Fleet Management, Compensated <br />Absences, and Information Technology. <br /> <br />• Insurance - The Insurance Fund was created to account for total insurance revenue and <br />expenses between all departments. <br /> <br />• Fleet Management – The Fleet Management Fund is used to account for total expenses related <br />to city vehicles. Each fund pays into this fund to cover their appropriate portions of expenses. <br /> <br />• Compensated Absences – The Compensated Absences Fund is used to account the liability owed <br />to employees for compensated absences such as Sick, Vacation, Overtime and Comp-Time. <br /> <br />• Information Technology (IT) - The IT Fund is used to account for total expenses related to <br />software and technology. Each fund pays into this fund to cover their appropriate portions of <br />expenses. <br />Page 13 of 113 159