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6.G. - Page 160 of 187 <br />AGENCY FUNDS <br />Agency funds are used to account for assets held by government in a trustee capacity or as an agent for <br />an individual. <br />Employee Benefit Plans Fund—This fund is used to account for contributions to certain employee benefit <br />categories established by the City under Section 125 of the Internal Revenue Code for the employees and <br />their dependents. <br />Pacific Shores Community Facilities District Fund — This fund accounts for the Mello -Roos Pacific Shores <br />Project special tax bonds that were issued to fund various transportation system improvements within <br />the City's right-of-way in the Pacific Shores district. <br />Shores Transportation Improvement District Fund — This fund accounts for the Mello -Roos Shores <br />Transportation Improvement special tax bonds that were issued to fund various transportation projects <br />in the Redwood Shores area. <br />One Marina Community Facilities District Fund —This fund accounts for the Mello -Roos One Marina <br />Project special tax bonds that were issued to fund certain public infrastructure improvements projects <br />within the One Marina district. <br />Community Benefit Improvement District Fund — This fund accounts for the assessments collected on <br />behalf of the Downtown Redwood City Community Benefit Improvement District which was established <br />to enhance and support the City's Downtown business district. <br />Redwood City 2020 Fund — This fund accounts for the operations of Redwood City 2020, a collaboration <br />of eight core partners, which was established to improve the health and success of Redwood City and <br />North Fair Oaks. <br />133 339 <br />