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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) <br />DECEMBER 31. 1984 <br />Note 7- Claims Workers' Compensation Self-Insurance Fund <br />A liability of $420,000 was incurred, as set by State statute, for the death of a City <br />police officer in 1982. The City was self-insured and is responsible for the $120,000 of <br />this liability. The Workers' Compensation Reinsurance Association, a nonprofit <br />organization established by State statute is responsible for the remaining balance of the <br />total liability. The City's liability on December 31, 1984 is $86,426. <br />Note 8 - Commitments <br />The City leased space for one off-sale liquor store. This lease expired on August 31, <br />1984. The store was closed by the City Council, and in the future private off-sale liquor <br />licenses will be issued. <br />Note 9- Interfund Receivables and Pavable Balances <br />These balances by fund types on December 31, 1984 were: <br />General fund <br />Special revenue fund <br />Capital projects funds <br />Special assessment fund <br />TOTAL <br />Interfund <br />Receivable <br />$ 69,696 <br />1 3 � <br />$ 83,602 <br />Note 10 - Reserved and DesiQnated Fund Equitv/Fund Balances <br />Interfund <br />Payable <br />$ 57,79Z <br />11,904 <br />13,906 <br />$ 83,602 <br />On December 31, 1984, the City had reserved and designated portions of the fund equity or <br />fund balance through legal restrictions and City Council action. Following is a summary <br />of these reservations and designations: <br />Reserve for' <br />Encumbrance� <br />General Fund <br />Designated for natural disasters <br />Designated £or working capital <br />Designated for redevelopment <br />Designated for vacation pay and <br />compensatory time off <br />Special revenue funds <br />Reserve for encumbrances � <br />Designated for vacation pay arrd <br />compensatory time off <br />Debt service funds <br />Designated for debt service <br />Capital projects funds <br />Reserve for encumbrances <br />Enterprise funds <br />Reserved to offset future years <br />service charges <br />-35- <br />Reserved Designated <br />$ 200,000 <br />1,480,000 <br />95,790 <br />209,761 <br />14,589 <br />165,453 <br />$1,161,001 <br />$1,161,001 $2,165,593 <br />$314,823 <br />39,640 <br />$354,463 <br />