Annual_Report_1998_001 - Laserfiche WebLink

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The only major change in the expenditures for 1998 occnrred in public safety. The City was ' the recipient of several federal and state law enforcement grants which resalted in an increase in public safety expenditures for 1998. While changes did occur in ail other categories, they , were either not of significant doliaz value, or the percentage changes were insignificant. , i Larger percents occurred in categories where fluctuations vary widely from year ro year. This fluctuation occurs because the magnitude of the actual numbers aze relatively minor. , ' C.,Pri�l Revenue Fundc ' The Recrea6on Fund accounts for the revenues and expendiwres in the administration, maintenance, and participant activities sections of the Parks and Recreation Department. ' Revenues come from general property ta�ces and chazges for services. T'his department administers all park and recreation programs, including the golf course, ice arena, the John Rose Minnesota Oval, and is responsible for the maintenance in all 28 City-owned pazks. , The Telecommunicadons Fund accounts for the revenues of the cable television franchise fees ' and expenditures for communication equipment including cable programming, mobile equipment, and computers. The Community Development Fund accounts for the revenue and expenditures used to promote economic and community developmen[ in the City. ' The License Center Fund accounts for funds collected by the City from the sales of vehicle and ' recreational licenses and the expenditures incurred for providing those services. The Charitable Gambling Fund accounts for funds collected by the City from licensett ' charitable organizations to cover the costs of enforcement of City gambling ordinances. ' The Wireless Fund accounts for funds collected from rentals of various communications towers ' sited thcoughout the community on public property and the expenditures related to maintair.ing these sites as well as other communication needs. ', The Tax ReducGon Fund was established in 1998 from one time capital gains achievec3 on the sale of treasury securitiex The fund was created as an endowment fund in which 2/3 of the ' interest is used to keep the tax levy substantially below the rate of inflation. ' The Parks and Recreation Infrastructure Maintenance Fund was established by policy in 1996, and is intended to serve as an endowment type of acco�nt in which no more than 3/4 of the interest is used annually to maintain the facilities constr�cted through ta�c increment funds and pazks and recreation bond funds. , Deb` Service Funds ' These funds are used for the payment of general obligation and ta�c increment bond principal ' and ir�terest. Property ta�ces, assessments to henefitted properties, and ta�c increments provide