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                               Non-Major Governmental Funds

                                    Special Revenue Funds

The special revenue funds are used to account for the proceeds of special revenue
sources that are legally restricted to expenditures for specific purposed.

Budget Stabilization ­ to account for funds appropriated from the City's general fund for
the purpose of mitigating adverse affects on the City's budget from downturns in the
business cycle.

Criminal Forfeitures ­ to account for receipts generated through the sale of assets seized
through criminal court proceedings.

Land Reutilization ­ to account for proceeds received from the sale of tax reverted
properties and costs associated with improving and marketing these properties.

Tree Replacement ­ to account for contributions and other revenues earmarked for tree
replacement throughout the City.

Enterprise Community ­ to account for federal grant revenues received under the Title XX
Enterprise Communities program.

L.C. Walker Arena ­ to account for revenues received for the operation and maintenance
of the L.C. Walker Arena.


                                          Debt Service Funds

Debt service funds are used to record the funding and payment of principal and interest
on general long-term debt.

TIFA Debt Service ­ to account for the accumulation of resources and the payment of
costs for the benefit of the district.

Special Assessment Debt Service ­ to account for the accumulation of resources and the
payment of principal and interest on the Special Assessment Improvement Bonds of 1998.


                                     Capital Projects Funds

Capital projects funds are used to account for financial resources to be used for the
acquisition or construction of major capital facilities other than those financed by
proprietary funds and trust funds.

Sidewalk Replacement ­ to account for resources allocated for a multi-year citywide
sidewalk replacement program.



Michcon Remediation ­ to account for reimbursements received from Michcon Gas
Company for environmental remediation of their former downtown site.

Public Improvement ­ to account for grants, private contributions, sale of property and
other financial resources used to finance various capital projects.

Community Development Block Grant ­ to account for categorical grants received from
the U. S. Department of Housing and Urban Development for the construction of major
city public improvements and the rehabilitation of residential housing and other qualifying
expenditures.

State Grants ­ to account for grant revenues received from the State of Michigan and
earmarked for the purpose of improvements and/or rehabilitation of City property,
environmental remediation at lakeshore sites or new infrastructure in the City's downtown.

Lakeshore Trail ­ to account for funds received for the purpose of constructing the
Lakeshore Trails.

HOME Rehabilitation ­ to account for grant revenues received from the U.S. Department
of Housing and Urban Development for the purpose of providing housing assistance to
low and moderate income households in the City.

EDC Revolving Loan ­ to account for funds received upon repayment of UDAG loans and
subsequently reloaned to small business enterprises.

EC Micro Loan ­ to account for grant funds received through the Federal Enterprise
Community program for purposes of making small loans to startup business enterprises
and to account for repayment of those loans.

                                    Permanent Funds

Permanent funds are used to report resources that are legally restricted to the extent that
only earnings, not principal, may be used for purposes that support the reporting
government's programs.

Cemetery Perpetual Care ­ to account for charges for services collected and investment
income earned and to account for transfers to the general fund to partially cover cemetery
perpetual care expenses.