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City of Roseville — 2005 Budget
<br />Budget Funding Sources
<br />The following graph and table summarizes the funding sources for the 2005 Budget.
<br />2005 Funding Sources
<br />0 Property Taxes El Special Assessments 0 Licenses & Permits
<br />0 Court Fines IM Intergovernmental 0 Charges for Services
<br />Interest Earnings 0 Miscellaneous E Reserves
<br />Funding Source
<br />Taxes
<br />114
<br />Budget
<br />$ 9,760,674
<br />2005
<br />d.- t
<br />$ 1037,965
<br />$ Increase
<br />(decrease)
<br />$ 877,291
<br />% Increase
<br />(
<br />9.0%
<br />Tax Increments
<br />2,50000
<br />1,500,000
<br />(1,000,000)
<br />(40.0)%
<br />Special Assessments
<br />82000
<br />60000
<br />220,000 )
<br />(26.9)%
<br />Intergovernmental Rev.
<br />1,556,800
<br />1,655,500
<br />98,700
<br />6.3%
<br />Licenses & Permits
<br />1,982,500
<br />2,073,700
<br />91,200
<br />4.6%
<br />Charges for Services
<br />11,436,175
<br />11,996,845
<br />560,670
<br />4.9
<br />Fines & Forfeits
<br />222,400
<br />217,400
<br />5,000 )
<br />(2.2
<br />Interest Earnings
<br />2,065,560
<br />1,732,795
<br />332,765 )
<br />(16.1)%
<br />Other Revenues
<br />1,273,900
<br />987080
<br />(286,020)
<br />(22.5)%
<br />Use of Reserves
<br />3,374,381
<br />1,235,845
<br />(2,092,036)
<br />(62.0)%
<br />Total
<br />1 $ 34,992,410
<br />$ 32,684,430
<br />$ 2,037,960 )
<br />(6.6
<br />Property Taxes include taxes levied against taxable property. The increase in property taxes will offset
<br />spending increases for inflation and healthcare, and help eliminate the structural deficit within the tax -
<br />supported funds that was created when the State rescinded the City's general - purpose state aid.
<br />Tax Increments include anticipated tax increments collected and remitted to developers as specified in
<br />TIF agreements. The decrease in TIF pay -as- you -go will result due to the termination of various
<br />developer agreements for which all city obligations have been met.
<br />Special Assessments include assessments levied against benefiting properties for various infrastructure
<br />improvements. A substantial decrease is expected as many prepaid assessments have been realized in
<br />the past few years, allowing the City to retire public improvement debt several years early.
<br />Intergovernmental Revenues include state aids, monies received under joint powers agreements, and
<br />CDBG funds.
<br />E
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