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2018-6-5_PR Comm Packet
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2018-6-5_PR Comm Packet
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under a set formula determined by the City Council. <br />The premise is that any new construction buys into anestablished park <br />system, and thatconstruction has an added impact on the overall system so <br />the dedication fees allow developersto compensatethe systemfor the added <br />stresses.Collected fees are putin thePark Dedication Fund.The annual <br />amounts varyand depend upon the amount of construction in a given year. <br />ParkDedication funds are used to assist with fundingpark improvements, <br />land acquisition, and to address the impact of new development/ <br />redevelopment within the city.Under the current ordinance, Park Dedication <br />can be satisfied by land, cash, or a combination of the twobased on the <br />Parks and Recreation Commission recommendation to City Council. <br />Why is itimportant? <br />Park Dedication is a source of funding for park improvements or parkland <br />acquisition. <br />Where can I find out more about it? (URL) <br />https://www.cityofroseville.com/documentcenter/view/1092 <br />Enterprise and Governmental Funding <br />What is it? <br />Governmental accounting uses many types of fund accounts. Two categories <br />that the Parks and Recreation Commission encounters most include <br />Enterprisefund accountsand Governmentfund accounts. <br />Enterprise fund accounting must be used when city activities and services <br />are supported by the fees and charges they bring in. Roseville’s water and <br />sewer utility services fall under this model as does Cedarholm Golf Course <br />managed by Parks and RecreationCedarholm is doing exceptionally well <br />compared to other municipal golf courses around the region but eventually <br />may require financial support other than fees and charges as the golf industry <br />and use changes.Governmental enterprise fund operations are modeled like <br />the private sector. <br />Governmental funding generally covers municipalservicesthat are <br />supported throughrevenue streams such as property taxes and bonding. <br />Most of the parks and recreation system funding is classified as governmental. <br />The skating center is one such operation. The Roseville indoor skating arena <br />as a standalone facility began as an enterprisefund business type but was <br />unable to support all of its operating and capital expense through fees. There <br />was a conscious effort made in the 1990’s to move away from the fee- <br />supported business model for the skating center. <br />7 <br /> <br />
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