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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2021 Debt Service The debt service fund accounts for resources accumulated and payments for principal and interest on long term general obligation debt. Capital The revolving improvements fund accounts for revenues and expenditures from replacement funds set aside for equipment and building replacement, and general land improvements. The economic increments construction fund accounts for tax increment payments to various developers as part of Pay-as-you-go TIF agreements and infrastructure improvements. The street construction fund accounts for revenues and expenditures related to street construction and improvements The City reports the following major proprietary funds: The sanitary sewer fund and the water fund account for the activities related to the operation of a sanitary collection system and a water distribution system, respectively. The golf course fund, accounts for resources and payments related to the operation and maintenance of a municipal golf course. The storm drainage fund accounts for activities related to the operation of a surface water collection system. The recycling fund accounts for the resources and expenditures related to the operation of a solid wasterecycling collection system. Additionally, the City reports the following fund types: provided to other departments oragencies of the City. Fiduciary Fund -Custodialfunds are used to account for assets held by the City as an agent for other organizationsand are not available to the City for general operations. accounts for resources held by the City for the Roseville Islamic Cemetery. The funds use the economic resources measurement focus. As a rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this rule are other charges between the City's water and sewer function and various other functions of the primary government and its component unit. Elimination of these charges would distort the direct costs and program revenues reported from the various functions concerned. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally resultfrom providing services and producing and delivering goods 44