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2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila

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CITY OF TUKWILA: <strong>2012</strong> CAFRBASIC FINANCIAL STATEMENTSMAJOR PROPRIETARY FUNDSENTERPRISE FUNDSThe <strong>City</strong>'s enterprise funds are used to account for operations that are financed andoperated in a manner similar to private business operations. The goods andservices <strong>the</strong>se funds provide to <strong>the</strong> general public are primarily financed by servicecharges. Enterprise funds are self-supporting and use <strong>the</strong> accrual method <strong>of</strong>accounting. <strong>Tukwila</strong> has four major enterprise funds.Water Utility FundThis fund accounts for all maintenance, construction, and debt service requirementsassociated with <strong>the</strong> water system.Sewer Utility FundThis fund accounts for all maintenance, construction, and debt service requirementsassociated with <strong>the</strong> sanitary sewer system.Foster Golf Course FundAccounts for services, maintenance, operations, and debt service requirementsassociated with <strong>the</strong> Foster Golf Course.Surface Water Utility FundThis fund accounts for <strong>the</strong> maintenance, construction and debt service requirements<strong>of</strong> <strong>Tukwila</strong>'s storm drainage system.41

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