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Roseville Finance Commission
<br />Agenda Item
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<br />Page 3 of 8
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<br />The following table (Table B) provides an operating summary for the City’s enterprise funds for the past
<br />five years.
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<br /> Table B: Enterprise Funds
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<br />2012 2013 2014 2015 2016
<br />Funding Sources Actual Actual Actual Actual Actual
<br />Net Sales of Merchandise 8,070$ 8,947$ 11,714$ 23,505$ 10,680$
<br />User Charges 12,505,073 12,895,707 13,177,289 13,476,106 13,910,501
<br />Other Revenue 114,523 203,537 80,788 75,732 78,876
<br />Total Sources 12,627,666 13,108,191 13,269,791 13,575,343 14,000,057
<br />Funding Uses
<br />Personal Services 1,488,708 1,504,371 1,618,229 1,650,863 1,755,058
<br />Supplies & Maintenance 220,110 233,827 330,636 242,999 339,086
<br />Other Services & Charges 9,311,455 8,681,754 8,492,812 8,271,694 8,694,639
<br />Depreciation 835,570 910,375 876,396 964,668 1,154,037
<br />Total Uses 11,855,843 11,330,327 11,318,073 11,130,224 11,942,820
<br />Other Sources (Uses)
<br />Interest Earnings 39,801 (207,704) 298,049 50,328 (9,449)
<br />Sale of Assets 47,384 - 9,536 145,442 7,635
<br />Grants / Other 309,873 427,047 90,419 191,251 367,588
<br />Transfer In (out)(25,000) (25,000) (331,033) (782,000) (805,000)
<br />Total Other Sources (Uses)372,058 194,343 66,971 (394,979) (439,226)
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses 1,143,881 1,972,207 2,018,689 2,050,140 1,618,011
<br />Net Assets - Jan 1st 24,643,591 25,787,472 27,759,679 29,778,368 30,859,340
<br />Prior Period Adjustment - - - (969,168) (154,650)
<br />Net Assets - Dec 31st 25,787,472$ 27,759,679$ 29,778,368$ 30,859,340$ 32,322,701$
<br />As shown in the table above, aggregate spending (funding uses) in the enterprise funds have increased
<br />minimally over the past five years – less than 1% annually.
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<br />Excluded from ‘Funding Uses’ are capital expenditures which are recorded directly to the balance sheet.
<br />Because of this accounting practice, a closely watched result for the enterprise funds is the ‘Excess of
<br />Funding Sources Over (Under) Funding Uses’ category. A positive number indicates that monies are
<br />being captured for future uses including capital replacements.
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<br />5-Year Financial Summary: Selected Funds
<br />As noted above, the City also presents separate financial statements for a few key operating funds
<br />including the following: General Fund, Parks & Recreation Funds, and Community Development Fund.
<br />They are presented below in Tables C-E.
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