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Fiscal�Disoaritics (Continue
<br />Assessed Va1ue
<br />Rea1 estate
<br />Personal property
<br />Tota1
<br />Area-aide Poo1
<br />Contributed to puol
<br />Distributed from pool
<br />Net gain (loss)
<br />Net assessed value
<br />1950
<br />$216,425,909
<br />4,743,674
<br />$221,169,583
<br />$(11,659,977)
<br />5,139,181
<br />S( 6,520,796)
<br />$214,648,787
<br />1979
<br />$188,783,719
<br />4,514,217
<br />$193,297,9�n
<br />$( 9,078,228)
<br />3,738,698
<br />$( 5,339,530)
<br />S18%,958 406
<br />Roseville's 1980 mi1l race wouid havz been 2,9%.less without fiscal
<br />disparities.
<br />Special Revenue Funds
<br />The Re^reation Fund accouats ior the reveeaes and e�penditures in the administration,
<br />maintenance and participant activities sections of the Parlc and Recreation Department.
<br />Revenues come from general property taxes, ch2rges for se�-vice, and from the Ci�,
<br />of Lauderdale for recreation services.
<br />This department administers a11 par�: and recreacion pro�ra«:s, incl��ding the
<br />golf course and ice arena, and is responsible for the maintenance in all twenty
<br />four City-owned parks.
<br />The "State and Loca1 Fiscal Assistance Act of 1972" as amended in 1976 and 1980,
<br />provides the City with Federal Revenue Sharing Funds. The purpose of this fund is
<br />to account for the revenues and expenditures of revenue sharing monies. Revenue
<br />sharing funds from 1972 thru 1980 were $1,562,977, including funds of $195,185
<br />for 1980. The following expenditures were made in 1980:
<br />Department
<br />Euilding - 01d City Aa11
<br />Police
<br />Fire
<br />Street
<br />Election
<br />Ice Arena
<br />Amount
<br />$ 3,800
<br />6,464
<br />42,726
<br />91,319
<br />27,792
<br />8,000
<br />$180,101
<br />Percent
<br />2.1
<br />3.6
<br />23.7
<br />SO.S
<br />15.4
<br />4 .4
<br />100.0
<br />The largest expenditure was a grader for the street department. The $38,797
<br />designated for subseqaent years' expenditures on the balance sheet is for park
<br />purposes.
<br />Debt Service Funds
<br />This fund is used for the accumulation of monies for payment of genzral obligation
<br />bond principal and interest. Property taxes provide the necessary revenue. The
<br />City has a$550,000 issue for the City Ha11 dated May 1, 1975, and a$650,000 issue
<br />for parks dated June l, 1962, outstanding in this fund.
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