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CITY OF ROSEVILLE, MINNESOTA
<br />NOTES TO PINANCIAL STATEMENTS - (CONTIN�ED)
<br />DECEM9ER 31. 1987
<br />Note 9 Fixed Assets/Prooertv and Eouioment (Continued)
<br />�. Function
<br />�.. streets
<br />Water
<br />'� Sanitary Sewer
<br />Storm Sewer
<br />1987
<br />Amount
<br />S 4,986,040
<br />71,457
<br />59,365
<br />53,867
<br />TOTAL S 5,170,729 �
<br />A summary of Enierprise Fund property and equipment on Oecember 31, 1987 was as foLLows:
<br />Sanitary � Ice Storm
<br />Sewer Water GOLf Arena Drainage Total
<br />�and S 307,317 S 733,073 5�,101,633 S 1,542,023
<br />Buitding and
<br />structures 8 307,483 S 886,270 80,832 523,660 1,798,245
<br />Furniture,
<br />equipment
<br />vehictes 157,056 734,498
<br />Distrihution
<br />system 7,749 508 .9,144,253
<br />8,214,047 70,765,022
<br />56,828 4�2,764 204,522 1,565,668
<br />10,967 558 27,861,319
<br />444,776 1,069,496 12,273,714 32,767,255
<br />Less
<br />accumutated
<br />depreciation 2,541,127 2,826,670 90,002 395,673 1,900,171 7,753,643
<br />S 5,672,92D 57,938,352 5354,974 5673,823 810,373,543 525,013,612
<br />Note 10 - Lonq-Term De6t
<br />The City has five types of bonded deht outstanding at Decem6er 3t, 1987. They are: (t) General
<br />06ligation Improvemenis (Speciat Assessment) Bonds, (2) General Ohtigation eonds, (3) GeneraL OhLigation
<br />Revenue Bonds, (4) General 06Ligation State Aid Highway Bonds, and (5) Generat ObLigation Taz Increment
<br />Bonds.
<br />The first type of bonds is payabte solely from generat property taxes. The second type is paya6le
<br />primarily from general property taxes and special assessments. The third type is paya6le from
<br />revenues in ice arena operating funds and from general property taxes. 7he fourth type is paya6le from
<br />state aid revenues. The fifth type is paya6Le from tax i�crements.
<br />There are a numher of Limitations and restrictions contained in the various 6ond indentures. The City is
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