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CITY OF ROSEVILLE MINNES�TA <br />NOTES TO FSNANCIAL STATEMENTS - (CONTINUEDI <br />OECEMBER 31,1989 <br />Note 8 Fixed Assets/Property and Equipment (Continued) <br />The composition of Construction in Progress is turther detaiLed 6etow: <br />Function <br />Streets <br />1989 <br />Amount <br />S 229.619 <br />A summary of Enterprise iund property and equipment on Decemher 31, 1989 was as follows: <br />Sanitary Ice Storm <br />Sewer Water Golf Arena Drainaqe Totat <br />. zvo .oc e txx m� s1_133.297 S 7.645,495 <br />�anu <br />BuiLding and <br />� structures S 307,483 S 886,270 <br />�- Furniture, <br />equipment <br />vehicles 179,092 886,619 <br />Distrihution <br />system 7 932.251 9 423.529 <br />8 418.826 17 196,418 <br />80,833 618,947 <br />145,299 469,552 <br />1,893,533 <br />280,750 1,961,312 <br />11,770.747 . 29,126.527 <br />605,257 1 221 572 13 184 794 34 626.866 <br />less <br />�accumulated <br />depreciation 2 763,021 3 276,107 , 136,487 522.578 2 241,567 8 939.�61 <br />S 5 655 805 87 920.311 S 468,770 8698.993 S10 943.227 S25 fi87.107 <br />Note 9 - Lonq-Term De6t <br />The City has five types of bonded de6t outstanding a[ December 37, 1989. They are: (1) General <br />06Ligation Improvements (SpeciaL Assessment) Bonds, (2) General 06ligation Bonds, (3) General Obtigation <br />Revenue 9onds, (4) General 06tigation State Aid Highway Bonds, and (5) General 06Ligation Tax Increment <br />Bonds. <br />The first iype of bonds is paya6te soLeLy from general property taxes. The second type is payahle <br />primarity trom generaL property taxes and special assessments. The third type is payabte from <br />revenoes in ice arena operating funds�and from generaL property tazes. The fourth type is paya6te from <br />state aid revenues. The fifth type is payable from tax in<rements. <br />There are a number of limitations and restrictions contained�in the various bond indentures. The City is <br />in compLiance With all si9�ificant Limitations and restrictions. Alt bonded debt is backed hy the full <br />faith and credit of the City. <br />' ;t.-,". -�.. <br />38 <br />