2012 Approved Budget - Laserfiche WebLink

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City of Roseville — 2012 Budget items which are new and for which the City has not previously set aside depreciation (replacement funds). It is expected that this fund is to be self - supporting including payment of management and resource fees to the City's general fund and to the Information Technology fund. Description: Lawful Gambling Fund accounts for resources and payments related to the enforcement and management of charitable gambling within the City. This fund has been designated a minor fund for reporting purposes Revenues generally consist of taxes collected from city licensed charitable gambling organizations. Other revenues include; investment income, and other miscellaneous revenues sources. A portion of the Revenues are set aside with the Roseville Community Fund to provide for grants to non - gambling groups within the Community. Expenditures recorded include wages, salaries and employee benefits for staff directly providing accounting and enforcement services, supplies, and other charges. It is expected that this fund is to be self - supporting. Fund Type: Debt Service General Description: Debt Service: Funds in which revenues are collected for the retirement of city incurred debt and from which interest, principal payments and other related expenses in relation to outstanding debt are paid. Description: General Obligation Improvement Bonds accounts for resources and payments related to the payment of general obligation debt issued for special assessments are collected and property taxes levied. This fund has been designated a major fund for reporting purposes Revenues generally consist of property taxes collected and special assessments from benefited property. Other revenues include; investment income, and other miscellaneous revenues sources. Expenditures recorded include bond interest payments, bond principal payments and other expenses related to debt management. It is expected that this fund is to be self - supporting from the related tax levies and the special assessments. Fund Type: Capital Projects General Description: Capital Projects: Funds in which revenues are collected for the construction and replacement of city facilities, equipment and infrastructure. Description: Equipment Revolving Fund accounts for resources and payments related to the replacement of furniture, fixtures and equipment within the city departments. This fund has been designated as part of a major fund (Revolving Improvements) for reporting purposes 131