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2008_1020_packet
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2008_1020_packet
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Attachment D <br />To achieve compliance with these policies, structural changes must be made with regard to how <br />the City budgets for its core functions. Under the current model, 100% of incoming revenues are <br />spent in the current budget year. The new budget model must either; 1) allow for an increase in <br />the property tax levy that is above and beyond what is needed in the current budget year, 2) <br />reduce programs or services while maintaining current funding levels, or 3) a combination of the <br />two. <br />It is recommended that the City recognize that compliance with the newly adopted policies over <br />a 5-year period may not now be realistic, given the property tax levy limitations. Instead, the <br />emphasis should be to not deplete the fund balances during the three years of levy increase <br />limits. This will delay the additional $,250,000 (plus adjustments for inflation) that had been <br />identified as necessary each year for the next 5 years. The monies that would have been directed <br />to the City's General and Parks & Recreation Funds (which are below recommended levels) will <br />instead be needed to fund operations. <br />Sustainable Asset Replacement Funding Mechanisms <br />As discussed during the 2008 budget adoption process, the City has not been setting aside <br />sufficient funds to replace City assets at the end of their useful lives. As a result, replacement of <br />some of the City's assets has been delayed. Ultimately this will result in higher maintenance <br />costs,, and can lead to unsafe facilities,, vehicles,, and equipment. For the 2009 budget year, we <br />will create a technology asset replacement funding mechanism that will provide replacement of <br />computers and related equipment/software on a regular basis. The appropriate level of funding <br />will not be achieved in this initial year, due to the constraints of the levy limit. We will be able <br />to achieve a 50% funding level. <br />In addition,, the revised comprehensive asset replacement plan put forward last year will not be <br />achievable in the 5 year timeframe that we had hoped for, because the total funding was required <br />to increase from $,3.3 million to nearly $,4.0 million. We had expected that with such increases, <br />that beginning in 2013, the Plan would only require inflationary-type increases,, with the <br />exception of the amount for General city facilities, which may require additional funding. <br />Safety-�Related and OSHA-�Required Equipment Purchases <br />In 2008,, the City Council approved approximately $,50,000 to purchase replacement equipment <br />items that have been identified in the most recent OSHA audit,, and/or presented unacceptable <br />safety risks. Funding for these items was incorporated into the 2008 budget. While an important <br />aspect of ensuring a safe work environment, there is limited dedicated safety related expenditures <br />recommended in the 2009 budget. <br />Preserving Current Programs and Service Levels <br />As you know, municipal governments including the City of Roseville are not immune to the <br />effects of inflation and other economic impacts. In addition, the City must compete with other <br />governments as well as the private sector for quality, high-performing employees; which requires <br />a competitive compensation and benefit package. <br />2 <br />
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