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City of Roseville — 2005 Budget
<br />5 -Year Financial Plan
<br />The 5 -Year Financial Plan has been developed to identify the revenue and expenditures that are
<br />expected to occur based upon the City's current operations and known obligations. Like the Capital
<br />Improvement Plan (CIP), the 5 -year Financial Plan is considered a management tool for planning
<br />purposes only and is not intended to provide absolute direction on how the City's resources are expected
<br />to be allocated.
<br />The 5 -Year Financial Plan is focused on the City's overall operations, rather than individual programs
<br />and services.
<br />The following table depicts the projected expenditures in the City's General operations:
<br />The City's general operations are expected to average approximately $16,560,000 over the next five
<br />years, an increase of 2.0% annually. Excluding debt payments, the average increase is expected to
<br />increase approximately 3.0% per year. The increase is attributable to an estimated inflationary increase
<br />of approximately 4% in most programs, largely tied to expected cost -of- living and healthcare increases
<br />for employees. The City's vehicle and equipment replacement schedule should remain stable over the
<br />next five years. Finally, the City does not have any immediate plans to issue new debt. Debt service
<br />payments are expected to remain the same through 2008.
<br />Because the City's general operations are funded in large part by property taxes, the City expects the
<br />overall property tax levy to increase at the inflation rate. Non -tax revenue sources for the City's general
<br />operations are expected to remain fairly constant.
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<br />2003
<br />2004
<br />2005
<br />2006
<br />2007
<br />2008
<br />Actual
<br />Projected cted
<br />Pro' e� cted
<br />Projected cted
<br />Pro' e� cted
<br />Pro' e� cted
<br />General Government
<br />$ 1,424,197
<br />$ 1,476,235
<br />$ 1,426,430
<br />$ 1,469,223
<br />$ 1,513,300
<br />$ 1,558,699
<br />Police
<br />4,196,468
<br />4,494,515
<br />4,558,640
<br />4,740,986
<br />4,930,625
<br />5,127,850
<br />Fire
<br />1,322,171
<br />1,327,705
<br />1,405,285
<br />1,461,496
<br />1,519,956
<br />1,580,755
<br />Fire Relief
<br />486,481
<br />448,670
<br />348,670
<br />35000
<br />35000
<br />35000
<br />Public Works
<br />1,748,333
<br />1,97005
<br />2,090,500
<br />2,174,120
<br />2,26105
<br />2,351,528
<br />Parks & Recreation Programs
<br />2,236,331
<br />2,264,970
<br />2,322,065
<br />2,414,948
<br />2,511,546
<br />2,61207
<br />Park Maintenance
<br />814,395
<br />841,320
<br />842,925
<br />876,642
<br />911,708
<br />948,176
<br />Park Improvements
<br />195,565
<br />218,960
<br />15000
<br />25000
<br />25000
<br />25000
<br />Vehicle & Equipment Replacement
<br />1,285,253
<br />1,000,000
<br />911,750
<br />1,00000
<br />1,00000
<br />1,00000
<br />Debt
<br />2,120,237
<br />2,44000
<br />1,62500
<br />1,62500
<br />1,62500
<br />1,62500
<br />Total
<br />$ 15,829,431
<br />$ 16,483,260
<br />$ 1501,265
<br />$ 16,362,415
<br />$ 16,873,219
<br />$ 17,404,015
<br />The City's general operations are expected to average approximately $16,560,000 over the next five
<br />years, an increase of 2.0% annually. Excluding debt payments, the average increase is expected to
<br />increase approximately 3.0% per year. The increase is attributable to an estimated inflationary increase
<br />of approximately 4% in most programs, largely tied to expected cost -of- living and healthcare increases
<br />for employees. The City's vehicle and equipment replacement schedule should remain stable over the
<br />next five years. Finally, the City does not have any immediate plans to issue new debt. Debt service
<br />payments are expected to remain the same through 2008.
<br />Because the City's general operations are funded in large part by property taxes, the City expects the
<br />overall property tax levy to increase at the inflation rate. Non -tax revenue sources for the City's general
<br />operations are expected to remain fairly constant.
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