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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 thatconstruction has an added impact on the overallsystem so <br />the dedication fees allow developers to compensatethe systemfor the added <br />stresses.Collected fees are put in the Park Dedication Fund.Theannual <br />amountsvary and depend upon the amount of construction in a given year. <br />ParkDedication funds are used to assist with funding park improvements, <br />land acquisition, and toaddress 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 CityCouncil. <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 />https://www.cityofroseville.com/documentcenter/view/1092 <br />Enterpriseand 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. Rosevilles 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 thegolfindustry <br />and use changes. Governmental enterprise fund operations are modeled like <br />the private sector. <br />Governmental funding generally covers municipalservicesthatare <br />supportedthrough revenue streams such as property taxes and bonding. <br />Most of the parks and recreation system fundingis classified as <br />governmental. The skating center is one such operation. The Rosevilleindoor <br />skatingarenaas 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 1990s to move away <br />from the fee-supported business model for the skating center. <br />7 <br /> <br />