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CiTY Of ROSEV R�E M[NNESOTA
<br />� � NOTES TO FINFNCIAL STATEMENTS - (CONT[NUED)
<br />DECEMBER 31.1990
<br />Noie 7- Fixed Assets/Property and Equiqnent (Continued)
<br />The romposition of Construction in Progress is further detailed betou:
<br />1990
<br />Function � Amount
<br />Streets S 155.319
<br />A swmary of Enterprise Fund property and equipnent on December 31, 1990 was as follous:
<br />Sanitary Ice Storm
<br />Sewer Water Golf Arena Drainage Total
<br />Land S 451,435 S 242,797 51,133,297 5 1,827,529
<br />euiLding and
<br />structures S 307,483 S 886,270 80,833 618,947 1,893,533
<br />Furniture,
<br />equipnent
<br />vehicles 197,862 887,014 145,310 522,798 349,490 2,102,474
<br />Distribution
<br />system 8,005.721 9,449,114 11.775.950 29,230.785
<br />8.571.066 11,222,398 677.578 1,384.542 i3,258,737 35.054,321
<br />Less
<br />accumutated
<br />. depreciation 2.881,815 3,412,4927 154,474 558,514 Z,398,778 9,406,073
<br />S 5,629,251 37.809 906 S 523,104� �826,028 810.859,959 525,648,248
<br />' Note 8 - Lonv-Term Debt
<br />. The City has four types of bonded debt outstanding at Decem6er 31, 1990. They are: (1) Generat Obligation
<br />� Bonds, (2) General Obtigation Improvements (Speciat Assessment) Bonds, (3) Generat Obligation State Aid
<br />� Highuay 8onds, and (4) General ObLigation Tax Increment Bonds.
<br />The first type of bonds is payable solely from general CroperTy Caxes. The second type is payabie
<br />.. primarity from general property taxes and special assessments. The third type is payahle from state aid
<br />revenues. The tourth Sype is payable from tax increments.
<br />�. There are a number of limitatSons and restrictions contained in the various bond indentures. The City is
<br />� in compliance with all significant limitaiions and restrictions. a1l bonded debt is backed hy the full
<br />,. faith and credit of the Ciiy. �
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