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CITY OF ROSEVILLE. MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS - (CONTiNUED)
<br />DECEMBER 31,1990
<br />Note 16 - Segment Information for Enterprise Funds (Continued)
<br />Sanitary Ire Storm
<br />. Seuer Water Golf Arena Drainage
<br />Sales
<br />Operating
<br />revenues 87,948,339 82,167,612
<br />Depreciation 722,305 154,851
<br />Operating
<br />income
<br />(loss) ( 743,348) 2,992
<br />Other
<br />nonoperating
<br />revenues
<br />(expenses) 134,331 178,858
<br />Net [ncome
<br />(Loss) (59,017) 131,850
<br />Property and
<br />equipment
<br />Additions 95,751 44,446
<br />Net working
<br />capital 7,715,701 2,441,939
<br />7otal assets 8,241,224 10,389,237
<br />Fund equity
<br />Contributed 5,424,024 7,045,764
<br />Retained
<br />earnings 2,667,763 2,475,992
<br />Totat equity 8,085,787 9,521,756
<br />8 14,724� S 9,979
<br />208,786 373,671 8527,957
<br />18,951 48,349 169,668
<br />45,708 (23,549) 100,867
<br />23,724 25,853 74,961
<br />68,832 2,304 125,828
<br />Total
<br />8 24,703
<br />5,220,365
<br />514,124
<br />(77,330)
<br />437,127
<br />269.797
<br />73,285 175,383 86,400 475,265
<br />242,346 180,463 899,367 5,479,816
<br />773,426�1,048,215 17,770,597 32,222,699
<br />65,809 489,237 11,679,436 Z4,644,270
<br />699,647 517,Z54 139,890 6,494,540
<br />765,450.1,006,491 11,759,326 31,138,870
<br />Fund equity
<br />��� January 7, 1990 58,144,804 S 9,389,906 5696,678 51,004,787 877,633,498 830,869,013
<br />, . Net income (loss) before
<br />operating transfer (9,017) 187,850 68,832� 2,304 175,828 8 419,797
<br />� Transfers in (out) (50,000) (50,000) � (50,000) (150,000)
<br />� � December 31, 7990 $8,085,787 S 9.527,756 5765.450 S1 006,491 817,759 326 831,138,810
<br />. Note 17 - Risk Manaqement Fund
<br />�� The City esta6lished in 1987, a Risk Management Pund (an Internal Service Pund) to account for self-insur
<br />ance coverage. Under this program, the City is self-insured up to a maximum of 550,000 deductibte on gener-
<br />� al liabitity and property damage with a maximum of 5100,000 per annun. Claims in ezcess of these amounts are
<br />fully insured through the League of Minnesota Cities Insuranre Trust. Pund revenues are primarity property
<br />tax levies, premium rebates and interest earnings, and are planned to match expenses of insurance premiums
<br />� for coverage in excess of seLf-insured amounts, claims resulting from the setf-insuranre progrem, and oper-
<br />� ating expenses.
<br />, A provision is made for claims incurred but not reporied. {I,g,N.R.) The provision is based on the estimat-
<br />ed ut[imate cost of settlement, using pasY experience adjusted for currenT trends.
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