2015_Approved Budget and CIP.pdf

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City of Roseville — 2015 Budget 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 far future appropriations. General Government — refers to those programs and services that are associated with general centralized City functions. They include, but are not limited to; Administration, Legal, Finance, Elections, and City Council expenditures. 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. Governmental Funds — refers to the fund group that is used to account for the City's general operations. These operations are normally supported by taxes and intergovernmental revenues. Homestead Credit Aid — general purpose State aid designed to give property tax relief to homeowners. The aid is provided to the City after a corresponding deduction is made to a homeowner's property taX bill. Housing & Redevelopment Authority (HRA) — is a separate legal entity approved by the Council and charged with furthering the various housing programs of the City. Imagine Roseville 2025 (IR2025) — refers to the City's community-led, long-term visioning process. The process was completed in early 2007 and will be used to guide policy, strategic, operational, and budgeting decisions. Inflation — A general measure of the change in prices and/or the costs of providing programs and services. Infrastructure — Refers to City facilities, streets, parks, and utilities that have a useful life of at least ten (10) years. Interest Earnings include investment earnings on cash reserves. 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. 130