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Ice Arena Fund This fund was established to accouirt f�or Lhe operation of the
<br />city owned Ice Arena� In 1978 the city collected proper.ly taxes i_n th.e amount .. �'..
<br />of $68,286 to pay the bond principal and interest of $39,001 and. o�erat`ing '��, .
<br />expenses of $29,255., �� :
<br />Operat�ing revenue
<br />Rental fees
<br />Admissions
<br />Hockey and skating
<br />classes
<br />Other
<br />Total operating revenue
<br />14'78
<br />$ 72,023
<br />SC,297
<br />25,776
<br />23�
<br />$ 171,607
<br />I977
<br />$ 73,917
<br />53,770
<br />37.,399
<br />19,700
<br />$ 178„786
<br />1976
<br />$ 72,373
<br />53,698
<br />35,514
<br />i8,022
<br />$ 179,607
<br />Operating expenses
<br />Personal services $ 9i,142 $ 91,956 $ �%,IB4
<br />Depreciation 19,784 7.7,857 15,565
<br />Interest 14,001 15,105 i6,206
<br />Other 132,927 115,88% ].06,834
<br />Total operating expenses $ 257,354 $ 240,805 $ 225,789
<br />Operating income (loss)
<br />General property taxes
<br />Net income (loss)
<br />$C 86,247)
<br />e8,286
<br />$( 17.961)
<br />$( 62,019)
<br />4I,25�
<br />Sf 20,761)
<br />Trust and Ao-ency Fund
<br />$C 46g7.82)
<br />43,052
<br />$( 3,130)
<br />Trust and Agency Fand accounts ior monies heJ.d by Lh.e Ci_ty as agen.t for a«oi�-
<br />profit organfza.ti.on.
<br />Fouth Service Bureau This fund was established to account ior the operations
<br />of the North�aest Youth Services Bureau. The Bureau is a separate non-profit
<br />ozganization which was establi.shed, under a joint powers agreement, between
<br />the City of Roseville and other governmentaT units. In arcordance wiLh. the
<br />terms of the agreement, the City provides accounting ser.vices to the Ru'reau.
<br />Ge�eral Fixed Assets
<br />This account is used to show the geaeral fixed asset, of the City� These
<br />assets are used in the performance of the general governmental functi.ons and
<br />exclude the fixed assets of the proprietary £unds. �s of December 31, 1978,
<br />the Gen+aral Fixed Assets of the City amounted to $21,658,'727. T6is amount
<br />represents the orginal or estimated cost for the assets.
<br />General Long-Term Debt
<br />This account is used to show general obligation bonds and other. forms of
<br />long-teim debt which are to be paid by general revenues. The debt reflected
<br />in this account is an obligation of the City as a whole.
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