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6.1 B <br /> Page 97 <br /> NON-MAJOR GOVERNMENTAL FUNDS <br /> SPECIAL REVENUE FUNDS <br /> Special revenue funds are used to account for revenue derived from specific taxes or other dedicated <br /> revenue sources (other than for major capital projects) that are restricted by law or administrative action <br /> to expenditures for specified purposes. <br /> Special Gas Tax Street Improvement Fund — This fund accounts for revenue received from the State of <br /> California derived from gasoline taxes. These funds may only be used for street purposes as specified in <br /> the State of California Streets and Highway Code. <br /> Transportation,Grants Fund — This fund accounts for grants and developer contributions received for <br /> specific transportation projects. <br /> Grants Fund —This fund accounts for grants received for specific purposes. These include funds received <br /> under the Housing and Community Development Act. <br /> Traffic Safety Fund — This fund accounts for revenues received from traffic fines and used for traffic <br /> safety programs. <br /> Transportation Fund — This fund accounts for the City's share of special sales tax for transportation. <br /> Expenditures from this fund may only be incurred on transportation-related programs. <br /> Seaport Landscape Maintenance Fund - This fund accounts for funds to be provided by property owners <br /> in the Seaport Boulevard area for maintenance of landscaping on Seaport Boulevard. <br /> Seaport Centre Maintenance Fund — This fund accounts for funds provided by property owners in the <br /> Seaport Centre area for the maintenance and repair of drains and sewer lines connecting the Centre <br /> facilities to the public facilities. <br /> Redwood Shores Maintenance Fund — This fund accounts for funds collected from property owners in <br /> the Redwood Shores area for the maintenance of various public areas. <br /> Redwood Shores Landscape Maintenance Fund — This fund accounts for funds collected from property <br /> owners for landscape maintenance of certain areas in Redwood Shores. <br /> Supplemental Law Enforcement Services Fund — This fund accounts for funds from the State of <br /> California "Citizens Option for Public Safety" program. <br /> Traffic Mitigation Fees Fund — This fund accounts for developer contributions received for general <br /> transportation projects. <br /> DEBT SERVICE FUNDS <br /> Debt service funds are used to account for the payment of interest and principal on general debt of the <br /> City and related entities. <br /> Public Financing Authority Bonds Fund — This fund was created in 1991 as a financing mechanism to <br /> provide for the defeasement of the Facilities and Infrastructure Authority bonds (issued in 1986) and for <br /> funds to construct a new police facility. Lease/leaseback bonds were issued in July 1991 and were <br /> completely refunded in fiscal year 2003/04 through the issuance of 2003 Public Financing Authority <br /> bonds. The 2003 bonds were issued for the refunding and to provide funding for new projects. These <br /> 74 <br />