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4. Reconslder 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 the Golf <br />Course fund status. <br />• Enterprise Funds are a category of governmental operating units that are managed under the <br />principle that the revenue it generates from participant fees ought to be sufficient to provide for its <br />costs. Enterprise funds are also referred to as'business�type' functions because they adopt <br />accounting practices that are typically found in 'for-profit' industries. The golf course is currently <br />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 include: <br />recreation program fees, donations, and other funding sources including a portion of the property <br />tax levy. <br />* Fund definitions provided by Chris Miller, City of Roseville Finance Director <br />16�Page <br />City of Roseville Clubhouse Renewal Proposal <br />Cedarholm Golf Course Clubhouse Replacement Design and Cost Estimates <br />