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NONMAJOR GOVERNMENTAL FUNDS <br />(Continued) <br />Capital projects funds (continued) <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 />nomic development 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 />Sarnple /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 <br />district 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 <br />valuation of the property in the district before redevelopment. <br />'fax 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 />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) — <br />Southside Development - To account for expenditures for improvements in the southside development <br />tax incremental district. Financing is provided by property tax proceeds in <br />excess of those attributable to the assessed valuation of the property in the <br />district before redevelopment. <br />74 <br />