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under a set formula determined bythe 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 /> <br />https://www.cityofroseville.com/documentcenter/view/1092 <br />Enterprise and Governmental Funding <br /> What isit? <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 /> <br />