2018 Budget and CIP - Laserfiche WebLink

Home

Fines & Forfeits include fines paid for traffic violations and criminal offenses occurring within the City limits. Fiscal Disparities –is a wealth-sharing tool, somewhat unique to Minnesota that represents the portion of Commercial/Industrial property value added since 1974. This captured property valueis shared amongst municipalities within the Twin Cities Metropolitan Area. Fund –a separate account of assets, liabilities, revenues, and expenditures that was created for legal or management purposes, as a mean of segregating specificfinancial activity from other governmental operations. Fund Balance –represents the cumulative reserves (surplus monies) that have been realized within the City’s general and special-purpose operations and are available for future appropriations. Full-time Equivalent –or FTE, represents a calculation of total staffing resources using the conversion that each full-time employee who works 40 hours per week, or 2,080 per year, would equal 1.0 FTE. An employee that works only 20 hours per week would equate to 0.50 FTE. General Fund –the primary fund for the City of Roseville, which includes most State, or County mandated functions that are supported primarily by property taxes. General Government –refers to those programs and services that are associated with general centralized City functions. They include, but are not limited to; Administration, Legal, Finance, Elections, and City Council expenditures. Geographic Information Systems (GIS) –refers to the study of relationships between geographic parcels or areas. It is primarily used in the City’s Community Development Program. Governmental Funds –refers to the fund group that is used to account for the City’s general operations. These operations are normally supported by taxes and intergovernmental revenues. Homestead Credit Aid –general purpose State aid designed to give property tax relief to homeowners. The aid is provided to the City after a corresponding deduction is made to a homeowner’s property tax bill. Housing & Redevelopment Authority (HRA) –is a separate legal entity approved by the Council and charged with furthering the various housing programs of the City. Inflation –A general measure of the change in prices and/or the costs of providing programs and services. Infrastructure –Refers to City facilities, streets, parks, and utilities that have a useful life of at least ten (10) years. Interest Earnings include investment earnings on cash reserves. Inter-fund Charges –Represent administrative support charges that are assessed by internal service functions against other city functions to more accurately represent the true cost of providing City programs and services. 114