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CITY OF ROSEVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
<br />DECEMBER 31, 1983
<br />Note 5 - Fixed Assets
<br />Changes in the General Fixed Asset Account Group for 1983 were as follows:
<br />Land
<br />Buildings
<br />Improvements other
<br />than buildings
<br />Balance
<br />January 1,
<br />1983
<br />$ 1,206,485
<br />2,981,648
<br />22,714,765
<br />Additions
<br />$ 215,990
<br />772,210
<br />d
<br />Balance
<br />Decem6er 31,
<br />Disposal 1983
<br />� $ 1,206,485
<br />3,197,638
<br />23,486,975
<br />Machinery and equipment 2,237,899 197,891 $ 23,906 2,411,584
<br />Construction in progress 54,763 _ _32,204 22,559
<br />$29,195,560 $1,186,091 $ 56,ll0 530,325,541
<br />A summary of Enterprise Fund property and equipment at December 31, 1983 was as follows: '��.
<br />Land
<br />Building and
<br />structures
<br />Furniture, equipment
<br />vehicles
<br />, Distribution system
<br />Less accumulated
<br />depreciation
<br />Sanitary Ice
<br />Liquor Sewer Water Go1f Arena Total
<br />$298,508 $107,297 $ 405,805
<br />$ 307,483 $ 886,271 80,232 442,813 1,716,799
<br />$37,085 109,857 635,336 40,006 399,063 1,221,347
<br />7,440,901 8,706,146 16,147,047
<br />$37,085 $7,858,241 $10,227,753 $418,746 $949,173 $19,490,998
<br />Note 6 - Long-Term Debt
<br />36,721 2,167,182 2,270,129 72,842 279,077 4,825,951
<br />364 55,691 059 S 7.957,624 $345,904 5670,096 514,665,047
<br />, The City has three types of bonded debt outstanding at December 31, 1983. They are:
<br />I (i) General Obligation Bonds, (2) General Obligation Improvements (Special Assessment)
<br />�� Bonds, and (3) Golf Course General Obligation Revenue Bonds and Ice Arena General
<br />Obligation Bonds.
<br />The first type of bonds is payable solely from general property taxes. The second
<br />type is payable primarily from general property taxes and special assessments. The
<br />third type is payable from revenues in the golf course and ice arena operating funds
<br />and from general property taxes.
<br />There are a number of limitations and restrictions contained in the various bond
<br />indentures. The City is in compliance with all significant limitations and
<br />restrictions. A11 bonded debt is backed by the full faith and credit of the City.
<br />_37_
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