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C ITY OF R OSEVILLE,M INNESOTA <br />M ANAGEMENT’S D ISCUSSION AND A NALYSIS <br />For Year Ended December 31, 2021 <br />F INANCIAL A NALYSIS OF THE G OVERNMENT’S F UNDS <br />The Solid Waste Recycling fund net position increased by $263,495 in 2021. This was a result of increased <br />rates charged in 2021 and increased revenue sharing as prices achieved on disposal of recyclables were <br />significantly better than 2020. <br />The unrestricted net position in the respective proprietary funds is Sewer - $1,455,406; Water – $0; Golf - <br />$0; Storm - $1,352,499 and Recycling - $370,681. Overall, net position increased $4,166,419 reflecting <br />positive cash flow from utility rates, which were designated for future capital replacements. <br />General Fund Budgetary Analysis <br />The General Fund balance increased by $1,194,211 in 2021. The General Fund property tax revenue was <br />$169,079 more than the final budget due settlement of prior year property tax petitions. The general fund <br />miscellaneous revenue was more than the final budget due to the receipt of $350,000 of conduit debt fees, <br />which are unusual in occurrence. The General Fund Public Safety function was $68,570 under budget <br />because of staffing vacancies. The Public works function was $143,667 under budget due to reduction in <br />maintenance and repairs needed during 2021. The General Fund was over budget in transfers in for 2021 <br />primarily due to $439,822 swept from Information technology and recreation funds based on the city’s <br />excess fund balance policy and transfer of $141,988 from the ARPA fund to cover premium pay for police <br />and fire personnel. <br />25 <br /> <br />