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Fund Balance <br />–represents the cumulative reserves (surplus monies) that have been realized within the <br />City’s general and special-purpose operations and are available for future appropriations. <br />General Government <br />–refers to those programs and services that are associated with general centralized <br />City functions. They include, but are not limited to; Administration, Legal, Finance, Elections, and City <br />Council expenditures. <br />Geographic Information Systems (GIS) <br />–refers to the study of relationships between geographic parcels <br />or areas. It is primarily used in the City’s Community Development Program. <br />Governmental Funds <br />–refers to the fund group thatis used to account for the City’s general operations. <br />These operations are normally supported by taxes and intergovernmental revenues. <br />Homestead Credit Aid <br />–general purpose State aid designed to give property tax relief to homeowners. <br />The aid is provided to the City after a corresponding deduction is made to a homeowner’s property tax <br />bill. <br />Housing & Redevelopment Authority (HRA) <br />–is a separate legal entity approved by the Council and <br />charged with furthering the various housing programs of the City. <br />Inflation <br />–A general measure of the change in prices and/or the costs of providing programs and services. <br />Infrastructure <br />–Refers to City facilities, streets, parks, and utilities that have a useful life of at least ten <br />(10) years. <br />Interest Earnings <br />include investment earnings on cash reserves. <br />Inter-fund Charges <br />–Represent administrative support charges that are assessed by internal service <br />functions against other city functions to more accurately represent the true cost of providing City programs <br />and services. <br />Intergovernmental Revenue <br />–Includes Federal, State, or local monies received from other public <br />entities. <br />Joint Powers Agreements (JPA) <br />–Agreements entered into by public entities that are mutually <br />beneficial. The JPA typically involves a contractual relationship whereby one entity provides a service to <br />another in exchange for payment. <br />Lawful Gambling <br />-Charitable gambling done by non-profit organization that is regulated by the State of <br />Minnesota and the City of Roseville. The City of Roseville taxes gross revenues at 3% and gross profits <br />at 10%. <br />Licenses & Permits <br />include business licenses, building-related permits and fees, and licenses and fees <br />collected at the License Center. <br />Net Assets <br />-represents the cumulative reserves (surplus monies) that have been realized within the City’s <br />business-type operations (proprietary funds) and are available for future appropriations. <br />Operating Fund <br />–a fund type that typically accounts for the on-going and day-to-day activities of specific <br />programs or services. The General Fund is the primary operating fund ofthe City. <br />117 <br /> <br />