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2002 Approved Budget
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2002 Approved Budget
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6/19/2012 1:16:02 PM
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6/19/2012 1:10:56 PM
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Long Range Financial Planning <br />Background and City Council Long Range Budget Policy <br />Each year, the City Council, in cooperation with various citizen study committees, staff guidance <br />and input from the business community, annually prepares an updated 5 -year Capital <br />Improvement Program (CIP). The expected capital expenditures for the current year (2002) have <br />been thoroughly reviewed by the City Council in conjunction with the fiscal operating policies <br />and have been approved. <br />The remaining four years (2003 -2006) are best estimates at a current point in time and <br />represents what may be expected to be the needs of the city in those particular years. The City <br />Council policy is very clear that those items listed in the future years are for planning purposes <br />only. When the projects are approved for each appropriate operating year, then and only then will <br />they be considered actually budgeted. <br />Capital Expenditure Trends <br />The trend throughout the City's past Capital Improvement Programs typically shows higher levels <br />of proposed investments in public infrastructure. In reality, many of the proposed projects are <br />either cancelled or reduced in final scope so as to be within a normal range of $8 -12 million <br />dollars of annual capital outlay, including infrastructure. <br />The 2001 -2005 Capital Improvement Program totaled $81,317,975 as compared to the current <br />2002 -2006 Program, which is estimated at $75,721,267. <br />Most of the differences between the two 5 -Year Programs relate primarily to public facilities <br />such as a community center, public safety space and other governmental space upgrades. The <br />current Program has modified somewhat from earlier expectations as the Final Centre City <br />Report has been presented. <br />The Centre City Taskforce, which was made up of Roseville Citizens, had been formed by the <br />City Council in 1999, to review the current land location of the Civic Center, which included the <br />City Hall, Public Works, the Skating Center and Fire Station No. 1. <br />Broad source and use categories are shown in the charts on the next page. Summary information <br />and specific detail, including sources and expenditures by department, are on the following <br />pages. <br />V -1 <br />
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