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City of Roseville — 2009 Budget <br />Glossary of Terms <br />Assessment — Refers to a financial lien placed by the City against a property to pay for the property's <br />fair share of any street or utility improvement. <br />Bonds — A method of borrowing (similar to a loan) used by the City to finance the construction or <br />reconstruction of City facilities or infrastructure. See also, `Debt Service'. <br />Budget — Refers to the City's planned use available monies for the upcoming fiscal year. The budget is <br />considered `balanced' when expected revenues are equivalent to planned expenditures. <br />Capital Improvement Plan - A long -term projection of all planned capital replacements of City <br />facilities, street and utility infrastructure, vehicles and rolling stock, and other improvements. <br />Charges for Services include administrative charges between funds, wireless antenna lease revenues, <br />recreation program fees, user charges for; water, sanitary sewer, storm drainage, and solid waste <br />recycling fees, and greens fees for the municipal golf course. <br />Community Development includes planning and economic development, code enforcement, and <br />geographic information systems. <br />Comprehensive Plan - A defined land use and zoning plan that was developed and placed into <br />Roseville's City ordinances. <br />Debt Management Plan — A schedule of the City's debt service payments and an overview of the <br />general principles that governs the issuance of City debt. <br />Debt Service — Refers to the principle and interest paid on bonds used to finance City facility and <br />infrastructure improvement projects. <br />Depreciation - The systematic allocation of the cost of an asset over its useful life. <br />Enterprise Operations includes water, sanitary sewer, storm drainage, solid waste recycling, and the <br />municipal golf course operations. <br />Fines & Forfeits include fines paid for traffic violations and criminal offenses occurring within the City <br />limits. <br />Fiscal Disparities — is a wealth- sharing tool, somewhat unique to Minnesota that represents the portion <br />of Commercial /Industrial property value added since 1974. This captured property value is shared <br />amongst municipalities within the Twin Cities Metropolitan Area. <br />Fund Balance — represents the cumulative reserves (surplus monies) that have been realized within the <br />City's general and special- purpose operations and are available for future appropriations. <br />129 <br />