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CITY OF ROSEViLLE, MIN��SOTA <br />NOTES TO THE FINANCIAL STATEMENTS (CON'TINUED) <br />DECEPIBER 31, 1980 <br />Note 10 - Commitments <br />The Citj� ieases space =ur its twc liquor stores. The tease expiring in 1980 was <br />cancelled and the store closed on June 30, 1980. The remaining lease expires on <br />August 31, 1983. <br />Scheduled rent (exclusive oi ta�.es, insurance and maintenar.ce which are also paid <br />by the City) is summarized as follows: � <br />Year ended <br />December 31 <br />1983 <br />No. of leases <br />expirine <br />1 <br />Annual <br />rental <br />$5,428 <br />Plete 11 - Interfund B.ece�va��l�� �nd PeYable__Balances <br />These balances by fund on December 31, 1980 were: <br />Fund <br />Geee'r.a1 � <br />RecreaLior� <br />Equipment <br />Permanent improvement <br />State-aid street <br />construction <br />Construction-�.:-��. - <br />Sani.cary sewer <br />inezr:_�,.r� <br />P.eceivable <br />$ 58,253 <br />Aggregate <br />rent to end <br />of lease term <br />$14,474 <br />InterT���nd <br />Payable <br />$ 4�,078 <br />10,1i7 <br />463,905 <br />57�.,�61 <br />634,448 <br />424,075 19,757 <br />$1,116,776 $1,116,776 <br />Note 12 - Workmens' Compensation Self-Iasurance Fund <br />Th2 C:�y is self-ir.sured for the =irst $400;000 in clai..ms per occurence. Excess <br />insurance coverage has been purchased for claims in excess of $400,000 with a limit <br />of $5,000,000 per occurence. A11 awards of compensation, legal fees, administrative <br />cost and the premium for excess coverage is paid from this fund. <br />35 <br />