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2016-09-04_PR Comm Packet
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2016-09-04_PR Comm Packet
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<br />10 <br />Cedarholm Clubhouse Advisory Team Final Report <br />4. Reconsider the status of the Golf Course as an Enterprise Fund <br />The Advisory Team believes current/future operations and capital needs warrant the reconsideration of <br />the Golf Course fund status. <br />• Enterprise Funds are a category of governmental operating units that are managed under <br />the principle that the revenue it generates from participant fees ought to be sufficient to <br />provide for its costs. Enterprise funds are also referred to as ‘business-type’ functions <br />because they adopt accounting practices that are typically found in ‘for-profit’ industries. <br />The golf course is currently operated as an Enterprise fund. <br />• Roseville Recreation Fee Fund is a separately-established fund, created for the purposes of <br />managing designated revenues for the benefit of the City’s recreation programs. Revenues <br />include: recreation program fees, donations, and other funding sources including a portion <br />of the property tax levy. <br /> <br />* Fund definitions provided by Chris Miller, City of Roseville Finance Director <br /> <br />
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