Laserfiche WebLink
City of Roseville — 2007 Budget <br />Fund Type: Internal Service Funds <br />Description: Worker's Compensation Fund accounts for revenues and expenditures related to servicing <br />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 qualify <br />for worker's compensation benefits. <br />Description: Risk Management Fund accounts for revenues and expenditures related to servicing the <br />City's general insurance and risk management 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 payments for liabilities within the City's deductible limit and payments to <br />the City's insurance carrier, League of Minnesota Insurance Trust. <br />Fund Type: Trust Funds <br />General Description: Trust Funds: Funds which account for specific operations for which the City has <br />a fiduciary responsibility and the funds are held in trust for a third party. <br />Description: Investment Trust Fund accounts for revenues and expenditures related to the investment <br />activities for a not - for - profit organization devoted to providing cable television oversight for a group of <br />communities. <br />Revenues consist of payments received from the licensed cable company, investment income and other <br />miscellaneous revenues. <br />Expenditures from the trust are only transfers to the agency's general account upon request. No direct <br />expenditures are made from the trust. <br />Fund Type: Proprietary Funds <br />General Description: Internal Service Funds: Funds which account for specific service operations of <br />the City which are provided to other departments and divisions of the City. <br />General Description: Proprietary (Enterprise) Funds: Funds which account for specific operations of <br />the City in a manner similar to the private sector. All Enterprise Funds have been designated major <br />funds for reporting purposes. <br />Description: Sewer Fund accounts for revenues and expenditures related to City's sewer distribution <br />system operations. <br />Revenues primarily consist of sewer fees collected from system users. Other revenues include; <br />investment income, and other miscellaneous revenues sources. <br />144 <br />