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2015 CAFR
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2015 CAFR
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CITY OF ROSEVILLE, MINNESOTA <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />For Year Ended December 31, 2015 <br />OVERVIEW OF THE FINANCIAL STATEMENTS <br />The basic governmental fund financial statements can be found in the Basic Financial <br />Statements section of this report. <br />Proprietary Funds — The City maintains two different types of proprietary funds. Enterprise funds <br />are used to report the same functions presented as business-type activities in the government- <br />wide financial statements. The City uses enterprise funds to account for its Sanitary Sewer, <br />Water, Golf Course, Solid Waste Recycling, and Storm Drainage operations. Internal service <br />funds are an accounting device used to accumulate and allocate costs internally among the <br />City's various functions. The City uses its internal service funds to account for Workers' <br />Compensation Self Insurance and Risk Management. The services provided by these funds <br />predominately benefit the governmental rather than the business-type functions. They have <br />been included within governmental activities in the government-wide financial statements. <br />Proprietary funds provide the same type of information as the government-wide financial <br />statements, only in more detail. The proprietary fund financial statements provide separate <br />information for the Sanitary Sewer, Water, Golf Course, Solid Waste Recycling, and Storm <br />Drainage since they are considered to be major funds of the City. Both internal service funds are <br />combined into a separate single aggregated presentation in the proprietary fund financial <br />statements. Individual fund data for the internal service funds is provided in the form of <br />combining statements elsewhere in this report. <br />The basic proprietary fund financial statements can be found in the Basic Financial Statements <br />section of this report. <br />Fiduciary Funds — Fiduciary funds are used to account for resources held for the benefit of <br />parties outside the government. Fiduciary funds are not reflected in the government-wide <br />financial statements because the resources of those funds are not available to support the City's <br />own programs. The accounting used for fiduciary funds is much like that used for proprietary <br />fu nds. <br />The basic fiduciary fund financial statements can be found in the Basic Financial Statements <br />section of this report. <br />Notes to the Financial Statements <br />The notes provide additional information that is essential to a full understanding of the data <br />provided in the government-wide and fund financial statements. <br />Other Supplementary Information <br />In addition to the basic financial statements and accompanying notes, Required Supplementary <br />lnformation, presents a detailed budgetary comparison schedule for the General, Recreation and <br />the Community Development Fund to demonstrate compliance with the budget. In accordance <br />with the requirements of GASB Statement 45, it also includes other post-employment benefit <br />plan schedule of funding progress. The combining statements referred to earlier in connection <br />with nonmajor governmental funds and internal service funds and other information related to the <br />individual funds are presented immediately following the required supplementary information. <br />17 <br />
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