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City of Roseville <br />Description of Funds <br />Introduction <br />The City maintains a number of major and minor funds for recording the fiscal transactions and <br />to meet legal accounting requirements. Within each fund, there may be a number of sub - funds, <br />which are used during the fiscal year to assist in monitoring and managing allocations, grants or <br />specific projects. At year -end, all sub -funds are rolled up into the prime fund for reporting <br />purposes. <br />Below are general descriptions of the fund -types and a brief description of each fund within each <br />type. <br />Fund Type: General Fund <br />Description: The General Fund provides for accounting of general governmental functions <br />related to the City's statutory obligations. Those functions include, public works, fire services, <br />police services, city council, city administration, finance, insurance and legal. This fund has been <br />designated a major fund for reporting purposes <br />The major sources of revenue for the general fund consist of property taxes, intergovernmental <br />revenues, fines and forfeits, federal and state grants, investment income and charges for services <br />rendered to citizens and to other city functions. <br />Expenditures for the general fund operations include, wages, salaries and benefits, supplies, and <br />other charges, which include utilities, professional services, memberships, and other similar uses <br />of funds. Certain capital expenditures are included, if they are made up of items which are new <br />and for which the City has not previously set aside depreciation (replacement funds). <br />Fund Type: Special Revenue <br />General Description: Special Revenue: Funds in which revenues are collected for specific <br />purposes and expenditures for those specific purposes are recorded. <br />Description: Recreation and Parks Fund accounts for resources and payments related to the <br />parks and recreation functions of the City. This fund has been designated a major fund for <br />reporting purposes <br />Revenues generally consist of property tax dollars levied specifically for parks and recreation as <br />well as fees and charges collected from users of the city's parks and recreation facilities. Other <br />revenues include, investment income, donations and other miscellaneous revenues sources. <br />Expenditures recorded include wages, salaries and employee benefits for staff directly providing <br />1 -18 <br />