2006 Approved Budget - Laserfiche WebLink

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City of Roseville — 2006 Budget Budget Funding Sources The following graph and table summarizes the funding sources for the 2006 Budget. 2006 Funding Sources 0 Property Taxes E3 Special Assessments 0 Licenses & Permits 0 Court Fines IM Intergovernmental 0 Charges for Services EA Interest Earnings 0 Miscellaneous 11 Reserves Property Taxes $ 1037,965 $ 11,169,865 $ 531,900 5.0% Tax Increments 1,500,000 60000 (900,000) (60.0)%, Special Assessments 60000 50000 (100,000) (16.7)% Intergovernmental Rev. 1,655,500 2,221,560 566,060 34.2% Licenses & Permits 2,073,700 2,170,250 96,550 4.7% Charges for Services 11,996,845 12,277,195 280,350 2.3% Fines & Forfeits 217,400 215,020 (2,3 80) (1.1) % Interest Earnings 1,732,795 1,391,695 (341,100) (19.8)% Other Revenues 98700 940,895 (46,985) (4.8)% Use of Reserves * 1,282,345 L638,710 3 56,3 65 27.8% Total $ 3204,430 $ 33,125,190 $ 440,760 1.4% * 2006 Budget includes $1.5 million in planned spending from capital replacement funds Property Taxes include taxes levied against taxable property. The increase in property taxes will offset spending increases for new obligations and inflationary -type increases. Tax Increments include anticipated tax increments collected and remitted to developers as specified in TIF agreements. 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. Special Assessments include assessments levied against benefiting properties for various infrastructure improvements. A decrease is expected as many prepaid assessments have been realized in the past few years, allowing the City to retire public improvement debt several years early.