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City of Roseville — 2005 Budget <br />Capital Outlay includes scheduled replacement purchases of vehicles and equipment (non - operating <br />budgets), as well as infrastructure improvements. A significant decrease is expected due to the <br />completion of the renovation of City Hall in 2004. <br />Enterprise Operations includes water, sanitary sewer, storm drainage, solid waste recycling, and the <br />municipal golf course. Added wage, healthcare and contractual services will place added pressure on <br />these operating budgets. This includes a projected 5% increase in costs related to the purchase of <br />wholesale water from St. Paul, a 4% increase in wastewater treatment costs through the Metropolitan <br />Council Environmental Services (MCES) Division, and an increase due to added improvements in the <br />City's Stormwater system. <br />Debt Service includes the principal and interest paid on bonds used to finance infrastructure and facility <br />improvement projects. The decrease in debt service costs will result due to the defeasance of debt <br />issues. <br />TIF Pay -as- you -Go refers to tax increment paid to developers as specified in Tax Increment Financing <br />(TIF) agreements between the City and various developers. The decrease in TIF pay -as- you -go will <br />result due to the termination of various developer agreements for which all city obligations have been <br />met. <br />Trust Operations includes endowment funds used to offset general taxes, and to maintain the City - <br />owned Roseville Lutheran Cemetery. A decrease in available funds will result due to falling interest <br />rates, which in turn generate less interest earnings. The principle endowment of these funds remains <br />intact. <br />R <br />