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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 <br />NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) <br />D. Assets, liabilities, and net assets or equity (Continued) <br />7. Fund equity (Continued) <br />b. Minimum Fund Balance <br />It is the City's policy that at the end of each year, the City will maintain the unassigned portion of <br />the fund balance for cash flow in a range equal to 35% to 45% of the General Fund operating <br />expenditures. <br />The Statement of Net Assets reports restrictions in net assets for community development revenues <br />which are used for building code enforcement, development and redevelopment activities. <br />Telecommunication revenues are used for the administration and maintenance of telecommunication <br />activities. Park dedication proceeds are used to create parks within a new development area. Law <br />Enforcement is proceeds received from fines and forfeitures generated from driving under the <br />influence (DUI) or drug possession whose proceeds are restricted for specific law enforcement uses. <br />Debt service is to pay for future debt service obligations, while tax increment revenues are used to <br />pay for costs associated with the development of a tax increment district. Minnesota law governs <br />park dedication, debt service, tax increment and law enforcement uses. Community development and <br />telecommunication uses are governed by other third party entities. <br />8. Comparative data <br />Comparative total data for the prior year have been presented only for individual enterprise funds in <br />the fund financial statements in order to provide an understanding of the changes in the financial <br />position and operations of these funds. <br />51 <br />