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CITY OF ROSEVILLE, MINNESOTA NOTES TO THE FINANCIAL STATEMENTS (CONTZNUED) DECEMBER 31, 1984 Note 1- Summary of SiQnificant AccountinQ Policies (Continued) GOVERNMENTAL FUNDS General Fund -'The General Fund is the primary operating fund of the City. It is used to account for all financiai resources except those required to be accounted for in another fund. Special revenue funds - Special revenue funds are used to account for the proceeds of certain specific revenue sources that are legally restricted to expenditures for speci£ied purposes. Debt service funds - Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Capital projects funds - Capital projects funds are used to account for financial ' resources to be used for the acquisition or construction of major capital facilities and equipment. Special assessment funds - Special assessment funds are used to account for the ; financial of public improvements or services deemed to benefit the properties against which special assessments are levied. PROPRIETARY FUNDS Enterprise funds - Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises - where the intent is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. Internal services funds - Internal service funds are used to account for the financing of goods or services provided by one department to other departments of the City. FIDUCIARY FUNDS Agency funds - Agency funds are used to account for the assets held by the City as an agent for a governmental unit. B. Measurement Focus The accounting and reportirig treatment applied to the fixed assets and long-term liabilities associated wit'h a fund are determined by its measurement focus. Governmental funds and Expendable Trust funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance is considered a measure of "available spendable resources." Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period.