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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 1 of 8 <br /> <br />Memo <br />To: Roseville Finance Commission <br />From: Chris Miller, Finance Director <br />Date: May 9, 2017 <br />Re: Item #6: Historical Financial Review <br /> <br /> <br /> <br />Background <br />In the interest of providing the Finance Commission with a stronger financial picture of the City’s <br />financial condition and to add context for future budgetary discussions, Staff has compiled some <br />historical data on City revenues and expenditures. The information presented below is lifted from the <br />annual financial statements displayed on the City’s website. <br /> <br />In presenting its financial statements, municipalities separate financial activity into two aggregate <br />categories; governmental and enterprise. The governmental category records the activity associated with <br />programs and services that are managed as traditional ‘government-type’ services that oftentimes are <br />funded by property taxes. This includes activities such as public safety, streets, and most parks & <br />recreation programs. <br /> <br />In contrast, the enterprise category records activity associated with ‘business-type’ programs and <br />services that are funded without property taxes, and which are managed similar to a private sector <br />business. This includes activities such as water, sewer, and the golf course. <br /> <br />5-Year Financial Summary: Aggregate Funds <br />The following table (Table A) provides an operating summary for the City’s governmental funds for the <br />past five years. <br />