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6.A. - Page 140 of 191 SPECIAL REVENUE FUNDS (CONTINUED) Community Benefits Fund — This fund accounts for funds committed by the City to enhance community programs. Housing Legal Aid Society Fund — This fund accounts for revenues previously deposited in the former redevelopment agency low and moderate income housing fund pursuant to an agreement with the Legal Aid Society to set aside general tax increment revenue for housing purposes. After the February 1, 2012 dissolution of the redevelopment agency, this fund was created to account for this accumulated balance. DEBT SERVICE FUNDS Debt service funds are used to account for the payment of interest and principal on general debt of the City and related entities. Public Financing Authority 2013 Refunding Lease Fund — This fund accounts for a lease entered into to refund the 2003 Public Financing Authority bonds. This lease is secured by lease payments from the City. CAPITAL PROJECTS FUNDS Capital project funds are established to account for resources used for the acquisition and construction of capital facilities by the City except for those financed by the proprietary funds or special revenue funds. Funding for these projects is provided by the general fund and by special assessment districts. Currently the City has the following funds: Facilities Fee Construction Fund — This fund derives its revenue from fees collected from the developers in the Redwood Shores area. Funds are used for improvements to roads, drainage, water, traffic lights, canals, etc. in the area. Parks Impact and In Lieu Fee Fund — This fund accounts for parks impact fees and Quimby Act in lieu fees charged to developers on new development projects, to enable the City to expand and improve its system of parks, parkland, and recreational facilities to provide services to future development. Shores Transportation Improvement District Fund — This fund accounts for community facility district bonds that were issued and developer contributions that were received by the City to fund various transportation projects in the Redwood Shores area. One Marina Community Facilities District Fund — This fund accounts for certain public infrastructure improvements within the One Marina district that are financed by community facilities district bonds, and developer contributions. Art in Public Places Fund — This fund accounts for revenues and expenditures related to the Art in Public Places Ordinance. PEG Fees Fund — This fund accounts for revenues and expenditures related to the public, education, or government access fees received from cable tv providers. 112 147