2002 Approved Budget - Laserfiche WebLink

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Comprehensive Plan A defined land use and zoning plan that was developed and placed into Roseville's City ordinances. Cost of Sales Expenses that are directly related to generating sales. Debt Service Fund A fund used to account for the payment of principal and interest on various types of general obligation debt other than those payable from proprietary funds. The City of Roseville debt service funds are General Improvement Debt Service and General Obligation Tax Increment Debt Service. Delivery vs. Payment (DVP) The matching of an investment with the funds to pay for it at the same place such as the Federal Reserve. Depreciation The systematic allocation of the cost of an asset over its useful life. Economic Increments Annual property tax payments that come from new taxable property value which is created by specific economic development efforts. Enterprise Fund A fund used to account for operations that provide goods or services to the general public and are financed primarily through user charges. The City of Roseville enterprise funds are sanitary sewer, water, golf, storm drainage, and solid waste recycling. Finance Department The department of the City of Roseville that is responsible for: accounting for all City financial transactions, billing for sewer and water charges, issuing all business licenses, administering bond indebtedness, investing idle funds, and preparing the City's annual budget. The finance department also oversees the City's License Center and all the Information System needs of the City. Fire Department The department of the City of Roseville that is responsible for protection of life and property from the hazards of fire, including suppression and prevention. The department is made up of fully trained volunteers. Fiscal Disparities Value The portion of Commercial /Industrial property value added since 1974 that is shared by the metropolitan areas. Fixed Asset Long- lived, tangible assets that include buildings, equipment, and improvements other than building and land. Fund Balance The difference between the assets and liabilities of a governmental fund. G.I.S. Geographic Information System. G.I.S. is a computer mapping facility enabling the City to manage resources & plan for the future. It can be used to print maps and reports on demand based on different criteria. GAAFR Generally Accepted Accounting and Auditing Financial Reporting General Fund A fund used to account for basic governmental activities such as general government, public safety, and public works. General Governmental Expenditures A broad category of expenditures that include all fund except proprietary funds VI -11