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City of Roseville — 2006 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 Government operations:
<br />The City's general operation expenditures are expected to average approximately $17,430,000 over the
<br />next five years, an increase of 3.4% annually. The increase is based upon expected increases of
<br />approximately 4% in most labor- intensive programs, largely tied to expected cost -of- living and
<br />healthcare expenses for employees. These cost increases should be offset somewhat by stable
<br />expenditures in the City's vehicle and equipment replacement items and debt service payments which
<br />are expected to remain the same through 2010.
<br />Because the City's general operations are funded in large part by property taxes, the City expects the
<br />overall property tax levy to increase at the inflation rate. Funding for new programs or services will add
<br />to the tax burden. Non -tax revenue sources for the City's general operations are expected to remain
<br />fairly constant.
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<br />Avg.
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010
<br />Annual
<br />Budget
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Increase
<br />General Government
<br />$ 1,583,085
<br />$ 1,630,578
<br />$ 1,679,495
<br />$ 1,729,880
<br />$ 1,781,776
<br />3.1%
<br />Police
<br />5,015,810
<br />5,216,442
<br />5,425,100
<br />5,642,104
<br />5,867,788
<br />4.2%
<br />Fire
<br />1,458,895
<br />1,517,251
<br />1,577,941
<br />1,641,058
<br />1,706,701
<br />4.2%
<br />Fire Relief
<br />348,670
<br />348,670
<br />348,670
<br />348,670
<br />348,670
<br />0.0%
<br />Public Works
<br />2,208,575
<br />2,296,918
<br />2,388,795
<br />2,484,347
<br />2,583,720
<br />4.2%
<br />Parks & Recreation Programs
<br />2,460,195
<br />2,558,603
<br />2,660,947
<br />2,767,385
<br />2,878,080
<br />4.2%
<br />Park Maintenance
<br />867,970
<br />902,689
<br />938,796
<br />976,348
<br />1,015,402
<br />4.2%
<br />Park Improvements
<br />150,000
<br />150,000
<br />150,000
<br />150,000
<br />150,000
<br />0.0%
<br />Vehicle & Equipment Replacement
<br />616,975
<br />616,975
<br />616,975
<br />616,975
<br />616,975
<br />0.0%
<br />Debt
<br />1,625,000
<br />1,625,000
<br />1,625,000
<br />1,625,000
<br />1,625,000
<br />0.0%
<br />Total
<br />$ 16,335,175
<br />$ 16,863,125
<br />$ 17,411,719
<br />$ 17,981,767
<br />$ 18,574,113
<br />3.4%
<br />The City's general operation expenditures are expected to average approximately $17,430,000 over the
<br />next five years, an increase of 3.4% annually. The increase is based upon expected increases of
<br />approximately 4% in most labor- intensive programs, largely tied to expected cost -of- living and
<br />healthcare expenses for employees. These cost increases should be offset somewhat by stable
<br />expenditures in the City's vehicle and equipment replacement items and debt service payments which
<br />are expected to remain the same through 2010.
<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. Funding for new programs or services will add
<br />to the tax burden. Non -tax revenue sources for the City's general operations are expected to remain
<br />fairly constant.
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