2020 City of Shakopee Budget

146

CAPITAL PROJECT FUNDS Capital Project Funds are established to account for the construction of major capital facilities. Projects resources are a combination of several revenue sources such as bond proceeds, inter-fund transfers, intergovernmental revenue, grants, etc. These funds provide the means for administrators to ensure that designated revenues are appropriately utilized. Park Reserve, Capital Improvement and Tree Replacement Funds are part of the city’s five-year capital improvement program (CIP). A separate CIP document was approved by Council on September 17, 2019. The CIP book provides a summary of each project, location, description, source of funds and use of funds.