Complete Document - City of Auburn

City of AuburnDescription of and Trends in Enterprise FundsDescription of Enterprise FundsEnterprise Funds are funds used to account for operations that are financed and operated in amanner similar to private business enterprises. The intent is that the cost, including depreciation, ofproviding goods or services to the general public on a continuing basis be financed or recoveredprimarily through user charges.Sewer Revenue Fund accounts for revenues earned from and costs related to the provision of sewerservice.Sewer Equipment Replacement Fund accounts for original funds deposited with the City by thepartner in the privatization of the City’s wastewater treatment plants to provide financing forreplacement equipment needed for treatment plant operation.Auburn Center for Developing Industries Fund accounts for rental revenue received from and costsincurred for the operation of the Auburn Center for Developing Industries.Industrial Park Fund accounts for the acquisition and financing of property held for future economicdevelopment.$7,000,000$6,000,000$5,000,000$4,000,000$3,000,000$2,000,000$1,000,000$-FY 04* FY 03* FY 02^ FY 01** FY 00**Beginning Fund Equities Revenues & OFS Expenditures & OFU Ending Fund Equities* Budgeted amounts^ Actual amounts, unaudited**Audited259