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CITY OF ROSEVILLE. MINNESOTA
<br />NOTES TO fINANCIAL STATEMENTS - (CONTIN�ED)
<br />DECEMeER 31.1989
<br />Note 6- �ue from Other Governments (Continuted)
<br />The Sanitary Sever fund batance sheet (enterprise funds) indicates 4181,577 due from other governments.
<br />This baLance inctudes 564,721 uhich is the current portion of the deferred receiva6te due from the
<br />MetropoLitan Waste ControL Commission for purchase of the City's sewer interceptors, and a usage credit
<br />adjustment for 1988 in the amount of 5116,856. The batance ot 5808,153, due from the Commission is shown
<br />as a tong-term receivable.
<br />Note 7- Soeciat Revenue (Communitv DeveLooment BLock Grant and Lo al �evetoo e t C roo�ation)
<br />In �987, the City entered into an agreement with Ramsey County for the purposes of removing blighted
<br />structures, improving air quaLity and increasing employment opportunities for low to moderate income
<br />persons in redevelopment areas of the City.
<br />The County, through the U. S. Government Community Development Program, provided a Community Development
<br />Block Grant in the current amount of 5245,000. The agreement betueen the County and City provides for the
<br />grant as a Loan retained 6y the City. The City may use the proceeds of the 8lo[k GraMs as revolVing Loan
<br />funds for specific projetts which meet hoth County and Federat guidelines.
<br />For operationat purposes, the City carries E200,000 of the btock gran[ Loan in the Community DeveLopment
<br />Fund and 545,000 in the LocaL DeveLopment Corporation Fund. It is anticipated that additional fu�ds witt be
<br />received from the btock grant program in 7990 and ensuing years.
<br />The agreement caLts for loan forgiveness io the City aftzr the grants have 6een repaid by the borrowers to
<br />the City. These funds are inctuded in the speciaL revenue fund types because the ultimate conditions best meet
<br />SPecial ftevenue definitions. �
<br />Note 8- Fixed Assets/Propertr and Eouipment
<br />Changes in the GeneraL Fixed Asse[ Account Group for 1989 were as tollows:
<br />Land
<br />BuiLdings
<br />Improvemenis
<br />other than
<br />buitdings
<br />Machinery and
<br />equipment
<br />Construction
<br />in progress
<br />TOTAL
<br />BaLance 'Hakance
<br />January 1, December 31,
<br />1989 Additions DisoosaLs 1989
<br />S 1,707,577 S 73,608
<br />3,554,519 396,158
<br />42,526,649 2,930,339
<br />3,280,873 388,858
<br />S 1,781,185
<br />3,950,677
<br />45,456,988
<br />8108,575 3,561,156
<br />119,254 229,679 ')19,254 229,619
<br />551,188,872 S 4.018,582 S 227,829 854,979 625
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