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under a set formula determined by the City Council. <br /> The premise is that any new construction buys into an established park <br /> system, and that construction has an added impact on the overall system so <br /> the dedication fees allow developers to compensate the system for the added <br /> stresses. Collected fees are put in the Park Dedication Fund. The annual <br /> amounts vary and depend upon the amount of construction in a given year. <br /> Park Dedication funds are used to assist with funding park improvements, <br /> land acquisition, and to address the impact of new development / <br /> redevelopment within the city. Under the current ordinance, Park Dedication <br /> can be satisfied by land, cash, or a combination of the two based on the <br /> Parks and Recreation Commission recommendation to City Council. <br /> • Why is it important? <br /> Park Dedication is a source of funding for park improvements or parkland <br /> acquisition. <br /> • Where can I find out more about it? (URL) <br /> haps://www.cityofroseville.com/documentcenter/view/1092 <br /> Enterprise and Governmental Funding <br /> • What is it? <br /> Governmental accounting uses many types of fund accounts. Two categories <br /> that the Parks and Recreation Commission encounters most include <br /> Enterprise fund accounts and Government fund accounts. <br /> Enterprise fund accounting must be used when city activities and services <br /> are supported by the fees and charges they bring in. Roseville's water and <br /> sewer utility services fall under this model as does Cedarholm Golf Course <br /> managed by Parks and Recreation Cedarholm is doing exceptionally well <br /> compared to other municipal golf courses around the region but eventually <br /> may require financial support other than fees and charges as the golf industry <br /> and use changes. Governmental enterprise fund operations are modeled like <br /> the private sector. <br /> Governmental funding generally covers municipal services that are <br /> supported through revenue streams such as property taxes and bonding. <br /> Most of the parks and recreation system funding is classified as <br /> governmental. The skating center is one such operation. The Roseville indoor <br /> skating arena as a standalone facility began as an enterprise fund business <br /> type but was unable to support all of its operating and capital expense <br /> through fees. There was a conscious effort made in the 1990's to move away <br /> from the fee-supported business model for the skating center. <br /> 7 <br />