Annual_Report_1995_001 - Laserfiche WebLink

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1. � -u�i � u The City Council took acrion on October 13, 1982, to form a Municipal Development District and two Tax Increment Financing Districu, with an additional Development District and Taac Increment Financing District being formed in 1984. In 1985, the City substantially modified iu Tax Increment Plans to create one development district and several ta�c increment districu. As of December 31, 1995, the Ciry has fourteen tax increment districu. The City Council is responsible for administering the taY increment projecu. The Northwest Youth and Family Service Agency is a separate nonprofit organization which was established under a joint powers agreement between the City of Roseville and other governmental units. In accordance with the terms of the agreement, the City provides accounting services to the Agency. The Grass Lake Water Management Organiration is a separate nonprofit organization which was estab:ished uader a joini powers agreement between the City of Roseville and the Ciry of Shoreview. In accordance with the terms of the agreement, the City provides accounting services to the Organization. The Deferred Compensation fund is to account for those funds which are held in trust by trustees for furure retirement benefits for City employees. The Community Development Block Grant Fund accounts for funds held in trust associated with the block grants awarded to the Ciry through Ramsey County. The I,ocal Development Corporation accounu for funds heid in uust from block granu and other sources for the special housing needs related to low and moderate income people. The North Suburban Cable Commission is a joint powers agency for which the City provides investment services of their surplus funds. The Roseville Lutheran Cemetery Fund was established in 1993 to account for the revenue and expenditures associated with the Roseville Lutheran Cemetery. The cemetery came into the city's care when the previous owners would no longer take responsibility. � -� . . . � . � General fixed assets (public domain) consist of roads, bridges, curbs and gutters, sueets and sidewalks, lighting systems and equipment necessary to service the general governmental functions of the City. Such assets are not depreciated. General fixed asseu are not capitalized in the funds used to acquire or construct them. Instead, capital acquisition and construction aze reflected as expenditures in governmental funds, and the 0