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CITY OF ROSEV[LLE MINNESOTA
<br />NOTES TO :INANCIAL STATEMENTS
<br />DECEMBER 37. 7992
<br />Note b- Fixed Assets/Propertv end Eauioment
<br />Changes in the General iixed Asset Rccount Group for 1992 uere as follous:
<br />Balance Batance
<br />January 1, Detember 31,
<br />1992 pdditions Disoosals 7992
<br />Le� . E 7,809,742 f7,083,431 S 2,893,173
<br />Buildings 6,389,057 23,854 6,472,977
<br />Improvements
<br />other than
<br />buildings
<br />Machinery and
<br />equipnent
<br />Construction
<br />in progress
<br />Total
<br />56,919,635 529,521 51,627,958 55,827,198
<br />5,176,764 7,301,506 373,448 6,104,822
<br />118,098 221.�46 118.098 227.746
<br />E70,413.296 E3.160.058 82.119.504 E71.453.850
<br />The composition of Construction in Progress is further detailed below:
<br />Punction 1992 Amounts
<br />Streets E 221,746
<br />A sumiary of Enterprise Fund property and equipment on Decenber 37,7992 ues as follous:
<br />Land
<br />Buildings 8
<br />Structures
<br />Furniture,
<br />Equipment,
<br />Vehicles
<br />Distribution
<br />System
<br />Sanitery Ice
<br />Sewer Water Golf Arena
<br />5410,312 E242,547
<br />E344,149 E886,270 124,823
<br />2U3,227 7,060,494 794,165
<br />7,890.843 9.585.363
<br />705,152
<br />526,161
<br />8,438,219 17,532,147 729,300 1,473,860
<br />Storm SoLid
<br />Drainaae Weste Total
<br />E1,105,953 57,758.872
<br />396,6Z6 555,000
<br />11,254.903
<br />12,757,482 55,000
<br />LeSs
<br />Accunulated
<br />�' Depretiation 2.776.980 3 363.468 787.626 703.985 2.008,439 8�0
<br />� E5.727,239 �8.168,679 E541,674 5769.875 E70.749.043 546.750
<br />. Note 7- Lona-Term Debt
<br />' The City has four types of borded debt outstanding at Decerttoer 37, 1992 They are:
<br />� (1) Generel Obligation Bonds, (2> Generel Obligation I�rovements (Special Assessment)
<br />Bonds, (3) General ObliBation Stete Pid Highuay Bonds, end (4) General Obligation Tex
<br />�� Increment Bonds.
<br />�.�� � The first type of bonds is peyabte sotely fran generat property texes. The second type
<br />is payable primarily fran 9eneral property taxes and special essessments. The third
<br />type is payable fran sTate eid revenues. The fourth type is peyable fran tax increments.
<br />There ere a nunber of timitetions ard resTrictions contained in the various bord indentures.
<br />��� � The City is in comptiance with all significant limitations and restrictions. Att bonded
<br />debt is backed by the full faith and credit of the City.
<br />36
<br />2,060,394
<br />2,435,673
<br />28,731,729
<br />34,986,008
<br />8.988.748
<br />E25.997.260
<br />
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