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CITY OF ROSEVILLF, MINNESOTA NOTES TO PINANCIAL STATEMENTS (CONTINUED) DECEMBER 37. 1990 Note 1- Simmarv of Sianificant Acrountinq Policies (Continued) G. Comparative Data Comparative data tor the prior year have been presented to provide an understanding of changes in the City�s financiat position and operations. .: H. Total Cotuims on Combined Statements Total cotuims on the combined statements are captioned "Memorandum Only° to indicate they are presented only to facilitate financial analysis. Data in these colwns do not present financiat position, results of operations, or wsh flous in wnformity uith generelly accepted accounting principtes. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. Note 2- Expenditures in Exress of Budqet and Deficits in Fund 6alances The Recreation iund - 1990 expenditures exceeded budget by 81,942. The overbudget uas due to slightty hi9her expenditures than budgeted for various recreationat programs. The Tele-Communications Fund - 1990 expenditures exceeded budget hy 81,818. The overbudget uas due to expenditures for capital equipment not anticipated. The Comnunity DeveLopnent Fund - 1990 expenditures exceeded budget by 8182,876. The overbudget uas due to expenditures for tegaL and planning services not anticipated. The State MSA Bond Debt Service Fund - 1990 fund haLance incurred a deficit of 532,102 due to an unantici- pated reduction in State MSA funds. The City Hall Debt Service Fund - 7990 fund halance incurred a deficit of 51,882 due to an unanticipated reduction in property taxes received. No remedial action is required for these exress expenditures or fund deficits. The deficits are expected to be eLiminaYed through revenues in future years. � Note 3- Cash and Temporarv tnvestments Cash surpluses are pooLed and invested in rertificates of deposit and short-term governmeni securities. . Investment earnings are aLlocated to funds on the basis of average cash balances or specitiwlty in the case of restricted yieLd funds. Investments are stated aC cosT; uhich approximates market, and are not identitied .� uith specific funds uith exception of certain deht servSce funds which are subject to restricted yield. In ' those instances, specitic investments are secured at belou arbitrage rates. 35