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Tax Increment Financing (TIF) <br />-A method of financing by which improvements made in a designated <br />area are paid by the taxes generated from the added taxable value of the improvements. <br />Trust Operations <br />includes endowment funds used to offset general taxes, and to maintain the City-owned <br />Roseville Lutheran Cemetery. A decrease in available funds will result due to falling interest rates, which <br />in turn generate less interest earnings. The principle endowment of these funds remains intact. <br />User Fees <br />–Refers to charges paid by end users for the purchase of City services. User fees are typically <br />associated with recreational programs and water and sewer services.. <br />Variance Board <br />–is a Council-appointed Board charged with the task of reviewing requests by Roseville <br />landowners for variances under the City’s Land Use Code(s). <br />Vehicle Replacement Program <br />–Through departmental depreciation charges, the City establishes a <br />Vehicle Replacement Fund that is used to replace City vehicles at the end of their useful life. For each <br />vehicle class, a replacement schedule is determined based on the vehicle’s use, and expected wear and <br />tear. <br />119 <br />