2004 Approved Budget - Laserfiche WebLink

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City of Roseville — 2004 Budget Special Purpose functions include information technology, communications, license center, lawful gambling enforcement, and parks maintenance. The increase is attributable to the mid -year addition of an IT support position that was not reflected in the original 2003 budget (as shown in the above table). The additional position is funded by new joint powers agreements approved in early 2003. Capital Outlay includes scheduled replacement purchases of vehicles and equipment (non - operating budgets), as well as infrastructure improvements. A significant increase is expected due to the planned renovation of City Hall in 2004. Enterprise Operations includes water, sanitary sewer, storm drainage, solid waste recycling, and the municipal golf course. Added wage, healthcare and contractual services will place added pressure on these operating budgets. This includes a projected 5% increase in costs related to the purchase of bulk water from the City of St. Paul, and a 5% increase in wastewater treatment costs through the Metropolitan Council Environmental Services (MCES) Division. These additional operating costs are offset by a reduction in Stormwater improvements and capital replacement costs. Debt Service includes the principal and interest paid on bonds used to finance infrastructure and facility improvement projects. The increase in debt service costs will result due to the additional debt payments related to the voter - approved facility bonds issued in 2003. TIF Pay -as- you -Go refers to tax increment paid to developers as specified in Tax Increment Financing (TIF) agreements between the City and various developers. The decrease in TIF pay -as- you -go will result due to the termination of various developer agreements for which all city obligations have been met. Trust Operations includes endowment funds used to offset general taxes, and to maintain a cemetery. A decrease in available funds will result due to falling interest rates, which in turn generate less interest earnings. The principle endowment of these funds remains intact. :.