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NONMAJOR GOVERNMENTAL FUNDS <br />(Continued) <br />Capital Projects Funds (Continued) <br />Park Nonreverting Capital - To account for specific revenues used to finance capital improvements at <br />the City parks. <br />Cumulative Capital <br />Development - To account for expenditures relating to the purchase or lease of capital <br />improvements in the City. Financing is provided by a specific property tax <br />levy. <br />Cumulative Capital <br />Improvement - To account for state cigarette tax distributions used for improvement <br />projects. <br />Economic Development <br />Income Tax - To account for the City's share of the County Economic Development Tax. <br />Expenditures include construction, acquisition and related costs for eco- <br />nomicdevelopment projects. <br />Cumulative Sewer - To account for financial resources for the construction or repairing of storm <br />sewers or sewage disposal plants and sanitary sewers. <br />Tax Incremental <br />Financing (TIF) - <br />Sample/Ewing - 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 dis- <br /> trict before redevelopment (tax increment) <br />Morris Performing Art <br />Center Capital - 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 />Tax Incremental Financing <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 valu- <br />ation 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 prop- <br />erty tax proceeds in excess of those attributable to the assessed value of <br />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 />~4 <br />