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Enterprise Fuc:ds (ConCinuzd) <br />Below is a summary of the Ice 9rena operations: <br />pperating revenue <br />Gross profit on <br />merchandi.se sold <br />Use� char�es <br />0 ther <br />� Total operating revenue <br />' Operating expense <br />Personal service <br />�� Depreciation <br />'��.. Other <br />Total operating expense <br />Operating income (loss) <br />Nonoperating revenue (espense) <br />Net inceme (loss) <br />�rrr�nal �.e�,:',7iCe Fund <br />1980 <br />$ 9,974 <br />105,392 <br />113,555 <br />S 229,921 <br />$ 118,284 <br />25,912 <br />9o,�oa <br />$ 234,900 <br />$( 4,979) <br />115,502 <br />110_, 5=3 <br />1979 <br />$ 6,543 <br />56,792 <br />65,89� <br />$ 129,230 <br />$ 90,602 <br />18,716 <br />93,026 <br />$ 202,344 <br />$( 73,114) <br />92,1�6 <br />S 19.01L <br />1978 <br />$ 8,020 <br />;2,023 <br />91,564 <br />$ 171,607 <br />$ 101,376 <br />19,784 <br />122,693 <br />$ 243,853 <br />$( 72,246) <br />54,255 <br />�$( 17 961) <br />The Workmens�Compensation Se1f Insurance Fund was established Jzauary l, 1980, to <br />provide iunds to cover poteetial losses that coulci resul� �rom the City's <br />conversion to a self insurance�plan. The City's contribution to this iund Yor i980 <br />caas ser_ a� $100,C00. :li a•�ards u� cvc�pens�tio^, 1��a1 �ees, ad�inistrative cost <br />and the premium for excess coverage wi11 be paid from this fund. �xcess coverage <br />insurance is for claims in excess of $400,000 with a limit of $S,OOO,OOC per . <br />occurence. <br />Trust and Agency Fund <br />This fund was estaUlished to account for the operation of the Northwest Youch . <br />,. Service Bureau. The Bureau is a seyarate non-profit organization �ahich was <br />''��, established under a joi.nt pewers agreement between the City of Roseville and other <br />'' governmental units. In accordance wiLh the terms of the agreement, the City provides <br />accounting services to the Bureau. <br />General Pixed Assets Grouo of Accour.ts <br />General F;xed As=ets are those fixed assets used in the performance of general <br />governmental functions and exclude fixed assets of the enterprise funds. The <br />City has chosen to report a11 public domain fixed assets such as streets, storm <br />sewer and similar assets that are immovable a�d of va7.:ie o�:ty ro tne City. <br />General Long-term Debt Group of Accounts <br />General long-term debt is used to account for general obligation bonds and other <br />forms of long-term debt supported by general revenues and are obligations of the <br />City as a whole and not its individual funds. <br />11 <br />