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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2013 <br />NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) <br />C. Measurement focus, basis of accounting, and financial statement presentation (Continued) <br />The City reports the following major governmental funds: <br />General <br />The general fund is the City's primary operating fund. It accounts for all financial resources of the <br />general government, except those required to be accounted for in another fund. <br />Special Revenue <br />The recreation fund accounts for resources and payments related to adult and youth programs, nature <br />center, skating center, and park maintenance activities. Most revenues are derived from user fees of <br />various programs and activities, room rentals, donations, and concessions. <br />The community development fund accounts for resources and payments related to the City's building <br />codes enforcement, development, and redevelopment activities. The funds primary revenue sources <br />are through permits, contractor licenses, and plan check fees. <br />Debt Service <br />The debt service fund accounts for resources accumulated and payments for principal and interest on <br />long term general obligation debt. <br />Ca�ital <br />The revolving improvements fund accounts for revenues and expenditures from replacement funds <br />set aside for equipment and building replacement, and general land improvements. The economic <br />increments construction fund accounts far taY increment payments to various developers as part of <br />Pay-as-you-go TIF agreements and infrastructure improvements. The street construction fund <br />accounts for revenues and expenditures related to street construction and improvements. <br />The City reports the following major proprietary funds: <br />The sanitary sewer fund and the water fund account for the activities related to the operation of a <br />sanitary collection system and a water distribution system, respectively. <br />The golf course fund, accounts for resources and payments related to the operation and maintenance <br />of a municipal golf course. <br />The recycling fund accounts for the resources and expenditures related to the operation of a solid <br />waste recycling collection system. <br />The storm drainage fund accounts for activities related to the operation of a surface water collection <br />system. <br />45 <br />