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CITY OF ROSEVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS (CONTI�UED)
<br />DECEMBER 31, 1981
<br />Note 13 - Seoment Information for Enterprise Funds
<br />The City maintains five Enterprise Funds which provide liquor, sewer, water, gol=
<br />and ice arena services. Segment information for the year ended December 31, 1981
<br />was as follows:
<br />Sanitary
<br />Liquor Sewer Water
<br />Sales $650,780
<br />�Operating revenues
<br />Depreciation 733
<br />Operating income
<br />(loss) 53,083
<br />Property tax revenue .
<br />Transfers
<br />Out (153,978)
<br />Net income (loss) ( 68,590)
<br />Net increase
<br />(decrease) in
<br />retained earnings ( 68,590)
<br />Fixed assets �
<br />Additions
<br />Contributed
<br />Net working capital 234,325
<br />Tota1 assets 25b,262
<br />Bonds payable
<br />From operating
<br />revenue
<br />From other
<br />sources
<br />Fund equity
<br />Contributed
<br />Retained
<br />$ 876,596 $1,186,443
<br />107,124 141,193
<br />Zce
<br />Golf Arena Tota1
<br />$ 18,774 $ 21,577 $ 691,131
<br />119,09G 251,931 2,434,066
<br />4,970 27,731 281,751
<br />( 242,793) ( 165,060) 29,254 ( 1,194) ( 326,710)
<br />125,358 125,358
<br />(25,0001 ( 178,978)
<br />( 161,750) (42,024) 25,871 117,434 ( 129,059)
<br />( 70,442)
<br />51,973
<br />39,642
<br />1,278,011
<br />8,382,954
<br />5,441,942
<br />42,736
<br />210,218
<br />196,285
<br />1,263,487
<br />9,403,732
<br />25,871 117,434 47,009
<br />5,100
<br />5,100
<br />26,547 136,418
<br />396,870 808,052
<br />90,000
<br />225,000
<br />267,291
<br />241,027
<br />2,938,788
<br />19,247,870
<br />90,000
<br />225,000
<br />7,020,288 65,809 388,030 12,916,069
<br />earnings 235,689 1,629,293 1,705,998 238,947 181,667 3,991,594
<br />Fund equity $235,689 $7,071,235 $8,726,286 $304,756 $569,697 $16,907,663
<br />Note 14 - Subsequent Event
<br />The Workers' Compensation Reinsurance Association was established by state statute
<br />in 1979 as a non-profit organization to provide Workers' Compensation Reinsurance
<br />protection to a11 seLf-insured companies in the private sector. A state statute
<br />was passed in 1981 to include a11 politicai subdivisions as members in the Association
<br />that are self-insured for workers' compensation as of January 1, 1982. The City in
<br />1982 will be self-insured for the first $120,000 in claims per occurrence, with the
<br />Association providing coverage for a11 claims in excess of this amount.
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