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determine if any portion of the liability should be reclassified <br />to the other compensated absences liability account due to unusual circumstances. <br />G. APPLYING RESTRICTED AND UNRESTRICTED NET ASSET RESOURCES <br />The city will first use restricted resources to finance qualifying activities. Any remaining <br />qualifying activities will be financed with unrestricted resources. <br />H. ALLOCATION OF INDIRECT EXPENSES <br />Indirect expenses will be allocated to the funds and departments that share in the expense, <br />if determinable and possible. If the entire city or many city departments are involved, the <br />cost will be recorded in the city hall department budget. <br />I. CLASSIFICATION OF OPERATING AND NON - OPERATING REVENUES IN <br />ENTERPRISE FUNDS <br />Operating revenues in an enterprise fund are those that support the day -to -day operations <br />of the activities in that fund. These revenues cover costs such as salaries, supplies, <br />repairs and maintenance, depreciation, and small tools and equipment. <br />• Water — user fees (billed monthly), sale of water meters, Gopher State 1 -call fees, <br />inspection fees, water use permits, connect/reconnect fees, penalties, charges for <br />repairs <br />• Sewer — user fees (billed monthly), inspection fees, charges for repairs, permits, <br />penalties <br />�. Non - Operating revenues in an enterprise fund are those revenues that occur from non- <br />operations of the enterprise activities, including, but not limited to, such items as property <br />taxes; local, state or federal grants; interest income from investments; property rental; <br />assessments; and other miscellaneous revenue. <br />J. IDENTIFICATION AND APPLICATION OF RESERVED AND UNRESERVED <br />FUND BALANCES <br />Reserved Mll\L VK11.411V VJ 111111VK1V the pVl ef fund equity vAiieh has been legal! <br />segregated fe i fie <br />Non- Spendable — Amounts that cannot be spent because they are either not in spendable <br />form or there is a legal or contractual requirement to be maintained intact. <br />14%„ Restricted — Externally enforceable limitations of use. <br />11 -1 -11 Accounting & Reporting Policies 6 <br />