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• 1-- — <br /> into a monthly increase for a median valued home of$0.93 cents per month.This Budget does NOT sustain <br /> programs and services at their historical level.Although it would keep some programs from further erosion and <br /> addresses some of the City's capital needs. <br /> Keep in mind that the 2012 Budget calls for a$463,775 reduction of the operating budget.There would be less <br /> money for the park improvement program,vacant positions in the police and fire departments would be eliminated, <br /> and funding for the advisory commissions would be reduced among other areas.This is on top of the$600,000 in <br /> on-going personnel cuts we've made since 2003 . . .all of which have a negative impact on the City's ability to <br /> deliver the programs and services the public has historically expected. <br /> In addition,the Recommended Budget does NOT provide any funding for a new fire station,or the implementation <br /> of the Park Master Plan.Nor does it address the future funding shortfalls that are expected in the City's street and <br /> information systems replacements.Those were purposely set aside in favor of higher priority capital items. <br /> Therefore,to be truly'sustainable'in ALL City services,we would need much more than the$0.93 cents per <br /> month from each household.We need about$5 per month,along with a corresponding amount from all non- <br /> residential properties. <br /> Regarding the use of cash reserves during the past decade,some of it was planned and some unplanned.Some <br /> was for operations and some was for capital.What we haven't done up until now is to have any systematic <br /> process for replenishing those reserves.We're currently in compliance with the Council's cash reserve policy, but <br /> just barely.As our budgets grow,so will the needed for added reserves in order to stay compliant.2010 was the <br /> first year in 6 years that the General Fund experienced an operating surplus. <br /> I hope this addresses the pertinent questions. If not, please let me know. <br /> Thanks. <br /> Christopher K. Miller <br /> • Finance Director <br /> City of Roseville,MN 55113 <br /> 651-792-7031 <br /> • <br /> Page 5 of 5 <br />