Fiscal Year 2012 - Special Revenue Funds

 

 

 

The First United Methodist Church and Parsonage, photo circa 1887-1888.

 

 

 

 

 

 

 

 

 

 

The First United Methodist Church today, photo circa 2011, shows the original steeple.

 

 

 

SPECIAL REVENUE FUNDS

Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than debt service, expendable trusts, or community investment program funds) that are legally restricted to expenditures for specified purposes.

The Motor Fuel Tax Fund accounts for motor fuel tax allocations from the State of Illinois for street maintenance, major street construction and traffic signal community investment programs as approved by the Illinois Department of Transportation.

Tax Increment Fund accounts for financial transactions related to the City’s Tax Increment Finance Redevelopment Project Area No. 1. Eligible costs include reimbursements to private developers as approved by the City council through redevelopment agreements and public improvements within the project area. Property tax revenues along with General Fund contributions are the major sources of revenue for this fund.

The Child Care Services Fund provides day care services to enable parents to work or attend school. The Illinois Department of Children and Family Services, along with other intergovernmental revenues, are the major sources of revenue for this fund. The General Fund also contributes to the Child Care Program.

 

MOTOR FUEL TAX FUND
Summary Statement of Revenues, Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Statement of Expenditures and Other Financing Uses
Division Expenditure Budgets:
Public Works Department
41013 - MFT Operating and Maintenance

TAX INCREMENT FUND
General Government Department

Summary Statement of Revenues, Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Division Expenditure Budgets:
41401 - Tax Increment Fund


CHILD CARE SEVICES FUND
Community Services Department

Summary Statement of Revenues, Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Division Expenditure Budgets:
Administrative Services Department
41072 - Eurma C. Hayes Child Care Center

 

Continue on to Debt Service Fund
 

 

 
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