Annual_Report_1998_001 - Laserfiche WebLink

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� •• e�..: � �q �• . i� :. u . �� : 'r'� ♦�.�. _ - __ __u��. � ...� The cash azd cash equivalante releted spac�cally to the enterprise fiiucls are ea follows: Cesh and cash equivaleots for all enterprise fiuxla $5,250,228 Restrictad caeh end cash equivalents for ell anterprise funds. 758.732 Total ceah ond cash equivalants �WS 60 of all encelprise fiiuds as of December 31, 1997 Nntr i - iny¢�attuent Tn�et The North Subuiiwn Ceble Cotocnissiou, a sepeca[e joint-powers ngency, which inclucles Roseville anl eight other cities, maintains iLs ezcess fiiocls with the City to invest and eam interest. The City providea for an inveshueut trust e� accounte for tbe fu�la wittun the tntst anl agancy fiuds. 77ie�e is no direct rebntlartory oversite by nny other ageocy of Ihe funcl, except the investments ere in eccorclsnce with Mincesota Stete Statutes, which provides for public funcls heatment, ancl thus are restrictecl withiu the statutes( See NMe 4). The feir valua is determined on a montWy bes�s but is only bookecl to the investment tnut at [he end of the calenclar fiscal year of the City, The methal of detarmining the vatues ancl shares of the Commission in the investment tcust is the same pro-rata monttily everage ces6 mnthod amployed with all other city funds. The City provides no o[her guaranteec other then the wderlying securities, which are restricted es per state stetutes. 77ie Commission participates wich the City on a voluntary basis. As of Decambar 31, 1998, tLe fair velue (cerrying value) of Ihe commission investment trwst is $1,704,236. N te fi - $yecia� Ac=.P�men[s Special Assessments -'I7�e pnYment of cartaia special assessments has been posiponed in accorciance with applicable City Cxwcit policy or s�ete stntutes. 1'heee assessmaNs in the "m°unt of 5212,2i2 are 'u�ciudecl with the special essesscceots receivable of tbe debt service fuale as of Decambar 31, 1998. These assessments will become collectible when the conditions set foRh by Council policy or in the state smWtes occur• I[ is impossible to detertnine wben these condi[ions will occur. Ihe from OtFer Gove�ent . . Current artaunte due from other goveruments on December 31, 19I8 are presentecl below: Enterprise FwKI S 86.869 To�t �R6 8G9 The Smifary Sewer fund balence sheet (enterprise fuocis) iuclicetes 586,869 due from otber goveroments. This balence represents the curreut port�on of the defaned receiveble due from Meiropolitan Council Environmen[aI Services (MCES) for purchese of the City's sewer interceptora. T6e belence of 59�,358 due from MCES is shown as a long-term recaivable. 37