2004 Approved Budget - Laserfiche WebLink

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City of Roseville — 2004 Budget ❑ The City will establish all user charges and fees at a level related to the cost of providing the services. ❑ Each year the City will recalculate the full costs of activities supported by user fees, to identify the impact of inflation and other cost increases. ❑ The City will automatically revise user fees, with review by the Council, to adjust for inflation and changes in desired outcomes. ❑ The City will set fees and user charges for each enterprise fund, such as water and sewer, at a level that fully supports the total direct and indirect cost of the activity. Indirect costs include the cost of annual straight life depreciation of capital assets and each fund's share of the administrative and general government costs incurred by the general operating fund. ❑ The City will set fees for other user activities, such as recreation programs, at a level to move toward supporting 100 percent of the direct and indirect cost of the activities. Implementation The Budget accurately and equitably allocates the costs of city services and the financing is predicated on a level of revenues to adequately cover those costs. Replacement Policy Purpose The Roseville City Council has set in place a stable funding mechanism for much of the city's infrastructure. The intent of the Council in having Replacement Policies is to provide for easing the burden on both present and future taxpayers and to assure the replacement of the city's infrastructure as it is found necessary and in a manner that is both fiscally and operationally prudent. The primary purpose of this policy is to have specific resources set aside on a periodic basis, to create funding for the major equipment and infrastructure needs of the Community, without encountering major tax increases for maintenance and replacement. It is not the intent of the City Council to fund major new facilities, which have not had the original funding established either through tax increment, general taxes or other such sources. The replacement funds are expected to be only for replacement purposes. (See the Implementation section below) Polic ❑ The City will establish a General Vehicle Replacement Fund and a Fire Vehicle Replacement Fund. The City will appropriate funds to them annually to provide for timely replacement of vehicles. The amount will be maintained at an amount equal to the accumulated depreciation including annual fund interest earnings to provide for vehicle replacement. ❑ The City will establish a General Plant Replacement Fund to provide for nor - vehicular equipment replacement; i.e., mowers, tools, etc. Funding should equal the amount of accumulated depreciation recorded on all general governmental equipment including annual fund interest earnings. ❑ The City will establish a Building Replacement Fund, and will appropriate funds to it annually to provide for timely maintenance of all buildings and plants supported by general governmental funding. The funding should equal the amount of accumulated depreciation recorded on all general governmental buildings including annual fund interest earnings. 108