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from special assessments. <br />The Tax Increment Project Fund was established to account for the <br />revenues and expenditures for the various projects associated <br />with the creation of the various tax increment financing <br />districts. <br />Tax Increment Districts <br />The City Council took action on October 13, 1982, to forn a <br />Municipal Development District and two Tax Increment Financing <br />Districts, with an additional Development District and Tax <br />Increment Financing District being formed in 1984. In 1985, the <br />City substantially modified its Tax Increment Plans to create one <br />development district and several tax increment districts. In <br />1987 the City formed four additional tax increment districts <br />bringing the City's total to nine as of December 31, 1987. <br />The City Council is <br />increment projects. <br />Trust and AQen� Fund <br />responsible for administering the tax <br />The Northwest Youth Service Bureau is a separate nonprofit <br />organization which was established under a joint powers agreement <br />between the City of Roseville and other governmental units. In <br />accordance with the terms of the agreement, the City provides <br />accounting services to the Bureau. <br />The Grass Lake Water Management Organization is a separate <br />nonprofit organization which was established under a joint powers <br />agreement between the City of Roseville and the City of <br />Shoreview. In accordance with the terms o£ the agreement, the <br />City provides accounting services to the Organization. <br />The Deferred Compensation fund is to account for those funds <br />which are held in trust by trustees for future retirement <br />benefits for City employees. <br />General Fixed Asset Account Gr011p <br />General Fixed Assets are those fixed assets used in the <br />performance of general governmental functions and exclude fixed <br />assets of the enterprise funds. The City has chosen to report <br />all public domain fixed assets, such as streets, traffic control, <br />and similar assets that are immovable and of value only to the <br />City. The City has started a program of reviewing the machinery <br />and equipment inventory. Adjustments have been made to the <br />inventory records, and are reflected in the addition and <br />deduction columns of the General Fixed Assets records. <br />General Lon4-Term Debt Account Gr011p <br />General long-term debt is used to account for general obligation <br />bonds, general obligation tax increment bonds, general obligation <br />