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NONMAJOR GOVERNMENTAL FUNDS <br />(Continued) <br />Capital projects funds (continued) <br />Cumulative Sewer - <br />Tax Incremental <br />Financing (TIF) - <br />Sample/Ewing - <br />Morris Performing Art <br />Center Capital - <br />Tax Incremental Financing <br />To account for financial resources for the construction or repairing of storm <br />sewers or sewage disposal plants and sanitary sewers. <br />To account for expenditures for public improvements in the Sample/Ewing <br />tax incremental district. Financing is provided by property tax proceeds in <br />excess of those attributable to the assessed value of the property in the <br />district before redevelopment (tax increment). <br />To accumulate monies for major repairs and capital improvements to the <br />Morris Civic Auditorium. Financing is provided by a surcharge on ticket <br />sales for events held at the auditorium. <br />(TIF) -Downtown - To account for expenditures for public improvements in the central business <br />tax incremental district. Also, operating transfers are made to debt service <br />funds to meet debt obligations as they mature. Financing is provided by <br />property tax proceeds in excess of those attributable to the assessed <br />valuation of the property in the district before redevelopment. <br />Tax Incremental Financing <br />(TIF) -West Washington -To account for expenditures for public improvement projects in the West <br />Washington Economic Development Area. Financing is provided by <br />property tax proceeds in excess of those attributable to the assessed value <br />of the property in the district before redevelopment. <br />Redevelopment General - To account for eligible redevelopment activities in the Studebaker Corridor <br />financed by proceeds from land sales or leases. <br />Community Revitalization <br />Enhancement District - To account for public improvements in the Studebaker/Oliver Community <br />Revitalization Enhancement District. Financing is provided by income tax <br />and gross retail tax increments in the district. <br />Tax Incremental <br />Financing (TIF) No. 1 <br />-Southside Development - To account for expenditures for improvements in the southside development <br />tax incremental district no. 1. Financing is provided by property tax pro- <br />ceeds inexcess ofthose attributable to the assessed valuation of the prop- <br />erty in the district before redevelopment. <br />Tax Incremental <br />Financing (TIF) No. 2 <br />-Southside Development - To account for expenditures for improvements in the southside development <br />tax incremental district no. 2. Financing is provided by property tax pro- <br />ceeds inexcess ofthose attributable to the assessed valuation of the prop- <br />erty in the district before redevelopment. <br />91 <br />