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NONMAJOR ENTERPRISE FUNDS <br />Enterprise Funds are used to account for the acquisition, operations and maintenance of a City's <br />facilities and services which are entirely or predominantly supported by user charges or those for which <br />the City has decided that periodic determination of the revenue earned, expenses incurred, and /or net <br />income is appropriate for capital maintenance, public policy, management control, accountability, or <br />other purposes. All activities necessary to provide services are accounted for in these funds, including, <br />but not limited to, administration, operations and maintenance. Debt service is also included. <br />Airport Fund — This fund was established to account for all revenue and expenses of every <br />nature derived by the City from its ownership and operation of the airport. <br />,S'tormwater Drainage Fund — This fund was created to address the need for improvements in <br />drainage channels throughout the City. The fund obtains revenue through the assessment of a <br />monthly drainage utility fee to both residential and commercial customers. <br />Collection Fund — This fund was created to account for waste collection and disposal services <br />provided to residents of the City. <br />