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CITY OF SULPHUR,LOUISIANA

FUND DESCRIPTIONS

General Fund

The general fund is used to account for resources traditionally associated with governments which are not required to be accounted for in another fund.

Special Revenue Funds

Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes.

Sales Tax Fund

To account for the receipt and use of proceeds of the City's 2 1/2% sales and use tax. See Note 10 for the dedication and purpose of these taxes.

Capital Projects Fund

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)

1996-1997 Public Improvements

To account for the acquisition, construction and improvements of major capital facilities.

Enterprise Fund

Utility Fund

To account for the provision of water and sewerage services to residents of the City. All activities necessary to provide such services are accounted for in this fund, including, but not limited to, administration, operations, maintenance,financing and related debt service, and billing and collection.

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