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General Description: Permanent Funds: Funds which have been legally established as funds <br />from which only the investment income may be used for which the Fund was established. <br />Description: Infrastructure Replacement Fund accounts for endowment funds set aside for the <br />long -term replacement and maintenance of the City streets. This fund has been designated as a <br />major fund for reporting purposes <br />Revenues generally consist of investment income. <br />Expenditures are limited to approximately 2/3 of the annual investment income to be allocated to <br />the Special Assessment Construction Fund <br />It is expected that this fund is to be self - supporting from the related revenue sources. <br />Description: Tax Reduction Fund accounts for endowment funds from investment capital gains <br />which have been set aside for the long -term purpose of specifically keeping the tax levy low for <br />Roseville taxpayers while still meeting the basic resource needs to maintain city services. This <br />fund has been designated as a major fund for reporting purposes <br />Revenues generally consist of investment income. <br />Expenditures are limited to approximately 2/3 of the annual investment income to be allocated to <br />the City's General Fund. <br />It is expected that this fund is to be self - supporting from the related revenue sources. <br />Fund Type: Internal Service Funds <br />General Description: Internal Service Funds: Funds which account for specific service <br />operations of the City which are provided to other departments and divisions of the City. <br />Description: Worker's Compensation Fund accounts for revenues and expenditures related to <br />servicing the City's Worker Compensation needs. <br />Revenues primarily consist of fees collected from user departments and property tax levies, when <br />needed. Other revenues include, investment income, and other miscellaneous revenues sources. <br />Expenditures recorded include medical payments and compensation payments to workers who <br />qualify for worker's compensation benefits. <br />Description: Risk Management Fund accounts for revenues and expenditures related to <br />servicing the City's general insurance and risk management needs. <br />I -25 <br />