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2001 CAFR
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2001 CAFR
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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2001 <br />NOTE 1- SUMMARY OF SIGTTIFICANT ACCOUNTING POLICIES (Continued) <br />C. Measurement focus, basis of accounting, and financial statement presentation (Continued) <br />The City reports the following major proprietary funds: <br />The sanitary sewer fund and the water fund account for the activities related to the operation of a <br />sanitary distribution system and a water distribution system, respectively. <br />The gotf course fund, accounts for resources and payments related to the operation and <br />maintenance of a municipal golf course. <br />The recycling fund accounts for the resources and expenditures related to the operation of a <br />waste recycling collection systems. <br />The storm drainage fund accounts for activities related to the operation of a surface water <br />collection system. <br />Additionally, the City reports the following fund types: <br />Internal service funds account for the worker's compensation and general insurance services <br />provided to other departments or agencies of the City. <br />The trust fund accounts for the investment activities for a not-for profit organization devoted to <br />providing cable television oversight for a group of communities of which the City is a member. <br />Private-sector standards of accounting and financial reporting issued prior to December 1, 1989, <br />generally aze followed in both the government-wide and proprietary fund financial statements to the <br />extent that those standards do not conflict with or contradict guidance of the Governmental <br />Accounting Standards Board. Governments also have the option of following subsequent private- <br />sector guidance for their business-type activities and enterprise funds, subject to this same limitation. <br />The City has elected not to follow subsequent private-sector guidance. <br />As a general rule the effect of interfund activity has been eliminated from the government-wide <br />financial statements. Exceptions to this rule are payments in-lieu of taxes and other charges <br />between the City's water and sewer function and various other functions of the City. Elimination of <br />these charges would distort the direct costs and program revenues reported from the various <br />functions concerned. <br />Amounts reported as program revenues include 1) charges to customers or applicants for goods, <br />services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and <br />contributions, including special assessments. Internally dedicated resources aze reported as general <br />revenues rather than as program revenues. Likewise, general revenues include a11 taxes. <br />40 <br />
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