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in�to a mon�thly increase for a median valued home of $0.93 cein�ts peir mon�th. This Bu�d�geit d�oeis NOT'sustain programs and seirviceis at theiir historical leiveil. Althou�gh it would keep some programs from fu�rtheir eirosion and ad eisseis some • eid�s. Keieip in mind that the 2012 Bu�d�geit calls for a $463i,775i reduction of the opeiratin�g bu�d�geit. T'heirei would bei less mon�eiy for the park improveimein�t program, vacan�t position�s in the police and fire d�eipartmein�ts would bei eilimin�ateid�, and d • the ad ory commissio ould bei reduced amo • otheir areas. This is • top • the $600,000 in #n-going peirson�n�eil cu�ts wei'vei mad�ei sin�cei 2003 . . . all of which have a negative impact on the City's ability to 4eliver the programs and seirviceis the pu�blic has historically eixpeicteid�. In ad�d�ition�, the Recommended Bu�d�geit d�oeis ROT'provid�ei an�y fu�n�d�in�g for a n�eiw fire station�, or the impleimein�tation #f the Park Masteir Plan�. Nor d�oeis it ad�d�reiss the fu�tu�rei fu�n�d�in�g shortfalls that are expected in the City's street and information systems reiplaceimein�ts. Those weirei pu�rposeily set asid�ei in favor of higheir priority capital items. Therefore, to bei tru�ly'su�stain�ablei' in ALL City seirviceis, we would need mu�ch more than the $0.93 cein�ts peir mon�th from each hou�seihold�. Wei need abou�t $5 peir mon�th, alon�g with a correispon�d�in�g amou�n�t from all non- reisid�e opeirtieis. Reigard�in�g the u�sei of cash reiseirveis d�u�rin�g the past d�eicad�ei, some of it was planned and some u�n�plan�n�eid�. Some was for opeiration�s and some was for capital. What we havein�'t d�on�ei u�p u�n�til n�ow is to have an�y systematic process for reiplein�ishin�g those reserves. Weirei cu�rrein�tly in compliance with the Cou�n�cil's cash reserve policy, bu�t ju�st bareily. As ou�r bu�d�geits grow, so will the needed for added reiseirveis in ord�eir to stay complian�t. 2010 was the first year in 6 years that the Gein�eiral Fund experienced an opeiratin�g su�rplu�s. I hope this adldlresses the pertinent qlruestion s. If not, please let me kn�ow. Thanks. Christopher K. Miller Finance Director City of Roseville, MN 55113 651- 792 -703 1 Page 5 of 5