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City of Roseville — 2005 Budget Glossary of Terms Comprehensive Plan - A defined land use and zoning plan that was developed and placed into Roseville's City ordinances. Debt Service — Refers to the principle and interest paid on bonds used to finance infrastructure improvement projects. Depreciation - The systematic allocation of the cost of an asset over its useful life. Fiscal Disparities — is a wealth- sharing tool, somewhat unique to Minnesota that represents the portion of Commercial /Industrial property value added since 1974. This captured property value is shared amongst municipalities within the Twin Cities Metropolitan Area. Fund Balance — represents the cumulative reserves (surplus monies) that have been realized within the City's general and special- purpose operations and are available for future appropriations. Geographic Information Systems (GIS) — refers to the study of relationships between geographic parcels or areas. It is primarily used in the City's Community Development Program. Housing &Redevelopment Authority (HRA) — is a separate legal entity approved by the Council and charged with furthering the various housing programs of the City. Infrastructure — Refers to City facilities, streets, parks, and utilities that have a useful life of at least ten (10) years. Inter -fund Charges — Represent administrative support charges that are assessed by internal service functions against other city functions to more accurately represent the true cost of providing City programs and services. Intergovernmental Revenue — Includes Federal, State, or local monies received from other public entities. Joint Powers Agreements (JPA) — Agreements entered into by public entities that are mutually beneficial. The JPA typically involves a contractual relationship whereby one entity provides a service to another in exchange for payment. Lawful Gambling - Charitable gambling done by non - profit organization that is regulated by the State of Minnesota and the City of Roseville. The City of Roseville taxes gross revenues at 3% and gross profits at 10 %. Net Assets - represents the cumulative reserves (surplus monies) that have been realized within the City's business -type operations and are available for future appropriations. Reserves — monies held in interest - bearing accounts that are set aside for some future purpose, but are not necessarily needed in the current fiscal year. Reserves are also referred to as `fund balance'. 143