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Glossary <br />ADT: Average daily traffic on a road. <br />Ad valorem taxes: Taxes imposed on the value of property. <br />Debt service levy: Taxes assessed that are use to pay a bond. Unlike an operating levy, limits are <br />considered outside of state restriction. <br />Drainage basin: A land area bound by highpoints, which drains all surface water into a single Stream or <br />other body of water. <br />Encumbered money: Funds included in the monetary balance, but reserved for a particular project. <br />Franchise fee: Mounds View's taxation based on 2 1/2 % ofNSP's utility bill. This fee generates <br />approximately $200,000 per year. Currently funds go directly to the general tax fund. <br />Impervious surfaces: Surfaces that cannot be easily penetrated by water. Examples include pavement, <br />buildings, and compacted soils. <br />Levy: The action of assessing; the obtaining of money through taxation. <br />MSA: (Municipal State Aid). Part of MN -Dot. Set up primarily to deal with a city's MSA street system, <br />by helping financially and insuring that standard of a continuous road system is applied between cities. <br />MSA allocation: An annual subsidy from MSA to help city's pay for street maintenance and <br />reconstruction of MSA streets. The subsidy is based on a formula of Mounds View's population and needs <br />of our MSA streets. Mounds View's 1999 allocation is $315,000. <br />MSA streets: A system streets designated within a city that carry heavier traffic counts and connect points <br />of major traffic interest. Typically, they are collector or arterial streets. <br />Sewer Fund: Pays for maintenance of the lift stations. 80-90% of fund is paid to MET Council. <br />Special Projects Fund: A Mounds View's fund established with the expressed purpose to generate <br />interest, which is then tapped for special projects. The principal remains in the account. This fund <br />generates $80,000 - $90,000 annually from its $1.6 million balance. Currently the interest pays for street <br />maintenance. <br />water runoff: Rain that flows off the surface of land without entering the soil. <br />Surface Water Fund: Generates $200,000 annually; used for street sweeping, ditch maintenance, and <br />cleaning storm sewers. <br />Watershed: A geographical region that water drains into a particular river, stream, or body of water. <br />Mounds View is located within the Rice Creek Watershed Basin. <br />