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The Ice Arena Fund accounts for the operation of one ice arena, with a seating <br />caoacity of approximately 1,950. During 1983, general property taxes in the <br />amount of $33,359 were collected to pay the bond principal and interest, and <br />$12,693 in property taxes were applied towards the current year's operations. <br />Be1ow is a summary of the Ice Arena operations: <br />Operating revenues <br />Gross profits on merchandise sold <br />User charges <br />Other <br />Total operating revenues <br />Operating expenses <br />Personal service <br />Depreciation <br />Other <br />Tota1 operating expenses <br />Operating income (loss) <br />Nonoperating revenues (expenses) <br />Net income <br />Internai Service Fund <br />1983 <br />$ 12,469 <br />246,536 <br />17,600 <br />$276,605 <br />$151,267 <br />28,146 <br />113,380 <br />$292,793 <br />$(16,188) <br />65,166 <br />48 978 <br />1982 <br />$ 11,131 <br />239,382 <br />19,250 <br />$269,763 <br />$143,888 <br />27,557 <br />116,777 <br />$288,222 <br />$(18,459) <br />101,435 <br />82 976 <br />The Workers' Compensation Se1f-Insurance Fund was established to service workers <br />compensation insurance claims. A11 awards of compensation, 1ega1 fees, <br />administrative cost and the premium for excess coverage wi11 be paid from this fund. <br />The Workers Compensation Reinsurance Association provided excess coverage for all <br />claims in 1983 in excess of $130,000 (1982 -$120,000) with no limits. <br />Trust and Agency Fund <br />This fund was established to account for the operation of the Northwest Youth <br />Service Bureau. The Bureau is a separate nonprofit organization which was <br />established under a joint powers agreement between the City of Roseville and other <br />governmental units. In accordance with the terms of the agreement, the City <br />provides accounting services to the Bureau. <br />General Fixed Assets Account Group <br />General Fixed Assets are those fixed assets used in the performance of general <br />governmental functions and exclude fixed assets of the enterprise funds. The City <br />has chosen to report all public domain fixed assets, such as streets, storm sewer, <br />and similar assets that are immovable and of value only to the City. The City <br />has started a program of reviewing the machinery and equipment inventory. <br />Adjustments have been made to the inventory records, and are reflected in the <br />additions and deduction columns of the General Fixed Asset records. <br />- 12- <br />