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. :. <br />'' � �:'r�'r:� :'::, :. K <br />�� 1� of Sienifi ^^« a ���t' ¢ Policies <br />'Itie City of Roseville, Mrtmasota, wen incolP°ra�ec� on May 28, 1948, and became a stetutory city on 7anwvy 1, 1974. The City operates <br />i�nkr a Courcil-Meueger fortn of govermnecJ enl provules variau servwes es enthorizecl by State stetuta, inclucling the following: general <br />govemmant, public eaf�Y� Wblic works, parks ancl recreation, wa[er atul sewer ntility, ard community developmant. <br />'p� �v�ting policias of the City of Roseville couform to genernlly ecceptecl accounting principles epplicable to govetnmental units. The <br />following is a sumctwry of the more significan[ policies. <br />A. Reporting Entity <br />For finencial reporting puc'poses the City's ficwncial statements mclude aIl funcls, accoun[ groups, deparhnents, agencies, boards, <br />commissions, eocl other orgm�iTetans for which d�e City i� fi�uuxielly nccountable. However, �ne of the units includecl ai'e le GASB �ate <br />o�g��y��o� ecd �o `wt qualify us componenf uni[s uncler Statement 14 of [he Covemmental Accounting Standards Board ( )• <br />B. Fuc✓� Accovnting <br />The accoods of the City are organizad on the besis of funcls ancl accouot groups, each of which is cousiderad a separete accounting entity_ <br />'I'he operetioos of each funcl ere neeatNecl foc with a separotvemmeu[ rt sourcnes'areaxlloca[ecl to and a csouMed for in indivtidual fitnde besacl <br />reveiaies, an% exPe[drturea, or expenser., %s M�PfOP����e' .. <br />up�O� tt�e pucPoses for which they ate to l�e sPeN ercl �ne meuns by which spend�ng actrvit�es are controllecl. The various funcls are grouped <br />in the finnncial ststements report into seven generic funel types aixl three broaz) funcl categories es follows: <br />GOVERNMENTAL FUNDS <br />Geceral Fwrl -'fhe Geceral fi"d'S the FnQ'a�y °p��a��B �+� °f [he City. It is usecl to accaint for all financial resources except lhose <br />requiracl [o be eccounted for in enother funcl. <br />Spacial Ravenue Futde - Special rsvenue funcls nceount foe the prwcecis of cedai�� spacific rerenue sources tlis[ are legally restrictet! to <br />ezpecrlitures for specified purposes. <br />DeUt Service Ftm[1s' Debt s�rvice fiurLs a��°�u�t for the eccwnulation of reso�rces for, ancl the paymaot of general Iong-teem debt principal, <br />interest, az�cl reietacl costs. <br />Capifa( projeds Futsls - Capital projects fisuls ere usec: to nccount for financiel resources to be usacl for the �cquisition or coastruction of <br />major capital faeitities otber tt�m those financed by proprietary funcls• <br />PROPRIETARY FUNDS <br />,... ����� F� -����� fi��S an• use�1 to seeo�mt for operations that are finaneecl ancl operetad in a mancer similar to private business <br />���s, w}�re the ideN of t6a goveming ba1Y �s thet the costs (expenses, incluclin8 dePrec�et�on) of providing goads ar services to the <br />g�� �� � a�y��� besis be financed or recoverecl primerily through user cherges. The City hea Esve enterprise fun.ls: S�uteTl' <br />Sewer Utility, �'�'eter Utility, Golf Course, Solid Weste Recycling ancl Storm Drainage. <br />7ntemal Service Funete - intemal service fu�ls are usacl to accouut for the finencing of goals or services provided by ona depaetment or <br />ag�Y to othe� depaltu�eats or agencies of ihe Ciry. :7�e City tv�s three interoal service fiicKls: 77�e Workers' Compensation Self-?nsurance <br />Funl which eccauJs for the City's workers' compensatwn claicnc, the Long-Tertn Disability Fuod, wtich accounts for mouies ancl c�aims <br />relstecl to the lond-term disability plen of the City, ancl the Ri;k Management Funcl which seeounts foc all of the City's general insuranee <br />ws[s. <br />29 <br />