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CIP (Capital Improvement Plan) <br />What is it? <br /> A Capital Improvement Plan (CIP) is a short-range <br />o <br />plan, usually four to ten years, which identifies capital projects and <br />equipment purchases, provides a planning schedule and identifies <br />options for financing the plan. The Roseville CIP extends to 20 <br />years. (Why?) Essentially, the plan links the Roseville <br />school districtparks and recreation department <br />and other local government entities with the City comprehensive <br />planbudget. CIP funds are used for <br />structural improvement or replacement of capital assets only. <br />Why is it important? (25 words or less) <br />o <br />Where can I find out more about it? (URL) <br />o <br />Enterprise Fund <br />What is it? <br />o <br />City funding functions are categorized in two ways Enterprise and <br />Governmental. <br />Enterprise Fund: <br />City business functions that we expect to be <br />supported by the fees they bring in are classified as enterprise <br />funded. The water and sewer utility services fall under this model <br />as does Cedarholm Golf Course. Cedarholm is doing exceptionally <br />well compared to other municipal golf courses around the region <br />but eventually may need to take the same path as the Skating <br />Centerand require financial support other than fees and charges. <br />Enterprise fund operations are modeled like the private sector. <br />Governmental functions <br /> are funded by other revenue streams <br />such as property taxes and bonding. Most of the parks and <br />recreation system is classified as governmental. The skating center <br />is one such operation. The indoor arena began as an enterprise <br />fund business type but was unable to support all of its operating as <br />well as capital expenses. There was a conscious effort made in the <br />1990s to move away from the business model for the skating <br />center. <br />Programs Managed Through Parks & Recreation <br />Parks and Recreation Renewal Program <br />What is it? <br />In 2009-2010, the Parks and Recreation Department <br />o <br />worked with a Citizens Advisory Team to envision where Roseville <br />Parks and Recreation should be in the near and far future. As one <br />result of that vision, the Parks & Recreation Renewal Program was <br />begun in 2014. Funding was through a $19m bond. Six park <br />buildings were replaced as a part of this program, repairs were <br />made to a variety of other park buildings as well as upgrades to <br />Nancy Parks & Rec Primer (partial) draft 1220174 <br /> <br />