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under a set formula determined by the City Council. <br />212 <br />The premise is that any new construction buys into an established park <br />213 <br />system, and thatconstruction has an added impact on the overall system so <br />214 <br />the dedication fees allow developersto compensatethe system for the added <br />215 <br />stresses.Collected fees are putin thePark Dedication Fund.The annual <br />216 <br />amounts varyand depend upon the amount of construction in a given year. <br />217 <br />218 <br />ParkDedication funds are used to assist with fundingpark improvements, <br />219 <br />land acquisition, and to address the impact of new development / <br />220 <br />redevelopment within the city. Under the current ordinance, Park Dedication <br />221 <br />can be satisfied by land, cash, or a combination of the twobased on the <br />222 <br />Parks and Recreation Commission recommendation to City Council. <br />223 <br />Why is itimportant? <br />224 <br />Park Dedication is a source of funding for park improvements or parkland <br />225 <br />acquisition. <br />226 <br />Where can I find out more about it? (URL) <br />227 <br />https://www.cityofroseville.com/documentcenter/view/1092 <br />228 <br />229 <br />Enterprise and Governmental Funding <br />230 <br />What is it? <br />231 <br />Governmental accounting uses many types of fund accounts. Two categories <br />232 <br />that the Parks and Recreation Commission encounters most include <br />233 <br />Enterprisefund accountsand Governmentfund accounts. <br />234 <br />235 <br />Enterprise fund accounting <br />must be used when city activities and services <br />236 <br />are supported by the fees and charges they bring in. Roseville’s water and <br />237 <br />sewer utility services fall under this model as does CedarholmGolf Course <br />238 <br />managed by Parks and RecreationCedarholm is doing exceptionally well <br />239 <br />compared to other municipal golf courses around the region but eventually <br />240 <br />may require financial support other than fees and charges as the golf industry <br />241 <br />and use changes.Governmental enterprise fund operations are modeled like <br />242 <br />the private sector. <br />243 <br />244 <br />Governmental funding <br />generally covers municipal services that are <br />245 <br />supported throughrevenue streams such as property taxes and bonding. <br />246 <br />Most of the parks and recreation system funding is classified as governmental. <br />247 <br />The skating center is one such operation. The Roseville indoor skating arena <br />248 <br />as a standalone facility began as an enterprise fund business type but was <br />249 <br />unable to support all of its operating and capital expense through fees. There <br />250 <br />was a conscious effort made in the 1990’s to move away from the fee- <br />251 <br />supported business model for the skating center. <br />252 <br />7 <br />15 <br /> <br />