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Appendix E <br />Glossary of Terms <br />Assessment <br />–Refers to a financial lien placed by the City against a property to pay for the property’s fair <br />share of any street or utility improvement. <br />Asset <br />–generally refers to property, plant, or equipment that has an extended useful life and therefore can <br />be relied upon to assist in the provision of programs or services beyond the current calendar year. <br />Bonds <br />–A method of borrowing (similar to a loan) used by the City to finance the construction or <br />reconstruction of City facilities or infrastructure. See also, ‘Debt Service’. <br />Budget <br />–Refers to the City’s planned use available monies for the upcoming fiscal year. The budget is <br />considered ‘balanced’ when expected revenues are equivalent to planned expenditures. <br />Capital Improvement Plan <br />-Along-termprojection of all planned capital replacements of City facilities, <br />street and utility infrastructure, vehicles and rolling stock, and other improvements. <br />Charges for Services <br />include administrative charges between funds, wireless antenna lease revenues, <br />recreation program fees, user charges for; water, sanitary sewer, storm drainage, and solid waste recycling <br />fees, and greens fees for the municipal golf course. <br />Community Development <br />includes planning and economic development, code enforcement, and <br />geographic information systems. <br />Comprehensive Plan <br />-A defined land use and zoning plan that was developed and placed into Roseville's <br />City ordinances. <br />Debt Management Plan <br />–A schedule of the City’s debt service payments and an overview of the general <br />principles that governs the issuance of City debt. <br />Debt Service <br />–Refers to the principle and interest paid on bonds used to finance City facility and <br />infrastructure improvement projects. <br />Depreciation- <br />The systematic allocation of the cost of an asset over its useful life. <br />Enterprise Operations <br />includes water, sanitary sewer, storm drainage, solid waste recycling, and the <br />municipal golf courseoperations. <br />Financial Plan <br />–refers to the long-term financial picture based on the general direction of the City, 10- <br />Year Capital Improvement Plan, and general budgeting decisions. The Plan also forecasts financial <br />impacts on residents based on projected trends. <br />Fines & Forfeits <br />include fines paid for traffic violations and criminal offenses occurring within the City <br />limits. <br />Fiscal Disparities <br />–is a wealth-sharing tool, somewhat unique to Minnesota that represents the portion <br />of Commercial/Industrial property value added since 1974. This captured property valueis shared <br />amongst municipalities within the Twin Cities Metropolitan Area. <br />116 <br /> <br />