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Sinking Funds <br />–See ‘Reserves’. <br />Special Assessment <br />-Acharge made against certain properties to defray all or part of the cost of a specific <br />capital improvement that benefits primarily those properties <br />. <br />Special Purpose <br />functions include information technology, communications, license center, lawful <br />gambling enforcement, and parks maintenance. <br />State Aid <br />monies refer to a variety of both general and specific aids provided by the State of Minnesota. <br />It includes funding for police training, fire equipment, street maintenance and repair, and others. <br />Supplies and Materials <br />include office supplies, motor fuel and vehicle supplies, clothing and protective <br />gear, street repair materials, and salt/sand purchases. <br />Tax Capacity <br />–a formula used to represent the taxable property value of a parcel(s) within the City and <br />is used to determine the local tax rate. <br />Tax Levy <br />–See ‘Property Taxes’. <br />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 />116 <br />