§ 20-17. Fund structures.

(a)

The fund structure for this article shall employ funds of the following types:

(1)

General fund;

(2)

Special revenue fund;

(3)

Debt service fund;

(4)

Capital project fund;

(5)

Local public improvement or maintenance fund;

(6)

Trust fund;

(7)

Internal service fund;

(8)

Treasurer's group of accounts fund; and

(9)

Enterprise fund.

(b)

The following sections, divisions, agencies, funds or departments of the city are designated as "subsection (2)(d) enterprises" within the definition of Section 20, Article X, of the Colorado Constitution:

(1)

Wastewater management division of the department of public works;

(2)

The department of aviation in all operations, maintenance and improvements of the Denver Municipal Airport System;

(3)

Environmental services, an agency of the department of public health and environment;

(4)

Winter Park parks and recreation capital fund and Winter Park trust for parks and recreation, funds for projects of the department of parks and recreation; and

(5)

Golf enterprise fund for golf projects of the department of parks and recreation.

(c)

In addition to other powers granted to subsection (2)(d) enterprises, either in the fund plan, in ordinances, or in sections of the Charter or Code, subsection (2)(d) enterprises shall have the following powers and characteristics:

(1)

Subsection (2)(d) enterprises shall meet the requirements of an "enterprise" as defined in Section 20, Article X, of the Constitution of Colorado;

(2)

The governing body of a subsection (2)(d) enterprise shall be the municipal officer or officers designated by ordinance, by executive order or by or pursuant to the Charter to act for the subsection (2)(d) enterprise;

(3)

The subsection (2)(d) enterprise shall be owned by the City and County of Denver;

(4)

A subsection (2)(d) enterprise shall have the following authority to issue its own revenue bonds:

(A)

In accordance with and as empowered by the provisions of this subsection 20-17(c) of the Code, each subsection (2)(d) enterprise is authorized to issue its own bonds or other financial obligations in the name of the City and County of Denver payable solely from revenues derived or to be derived from the functions, services, benefits or facilities of the subsection (2)(d) enterprise or from any other available funds of the subsection (2)(d) enterprise. Such bonds or other obligations shall be authorized by ordinance after approval and authorization by the subsection (2)(d) enterprise. Such bonds or other obligations may be issued without voter approval.

(B)

The terms, conditions and details of such bonds or other financial obligations, the procedures related thereto, and the refunding thereof shall be set forth in the ordinance authorizing such bonds or other financial obligations. The powers provided in this subsection to issue bonds or other financial obligations are in addition and supplemental to, and not in substitution for, the powers conferred by any other law, including ordinances, and the powers provided in this subsection shall not modify, limit or affect the powers conferred by any other law either directly or indirectly. Bonds, notes or other financial obligations may be issued pursuant to this subsection without regard to the provisions of any other law.

(Code 1950, § 164.3; Ord. No. 755-93, § 1, 10-4-93; Ord. No. 906-94, § 1, 11-14-94; Ord. No. 1110-96, § 1, 12-16-96; Ord. No. 523-05, § 1, 7-25-05; Ord. No. 427-18, § 12, 6-11-18)