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City of Roseville - 2006 Budget
<br />The City's debt service payments dropped dramatically in 2003 due to the early retirement of
<br />improvement bonds issued in the early 90's. Debt service payments leveled off in 2005, and the City
<br />expects these costs to remain unchanged through 2010.
<br />From 2002 -2006, fund balance in the governmental funds declined by $2.3 million. This largely
<br />resulted from the planned spending of reserves to finance a portion of the City Hall and Public Works
<br />expansion in 2003 and 2004, as well as an unexpected mid -year loss of state aid during that same time.
<br />Fund balance levels are expected to remain unchanged in future fiscal years. However, it is recognized
<br />that changing priorities and unforeseen events may require the use of City reserves.
<br />Proprietary Funds
<br />The table below shows a 5 -year trend of funding sources, uses, and changes in fund balance for all
<br />proprietary funds, which includes Sanitary Sewer, Water, Storm Sewer, Recycling, and the Golf Course.
<br />Funding Sources
<br />Net Sales of Merchandise
<br />User Charges
<br />Other Revenue
<br />Total Sources
<br />Funding Uses
<br />Personal Services
<br />Supplies & Maintenance
<br />Other Services & Charges
<br />Depreciation
<br />Total Uses
<br />Other Sources (Uses)
<br />Interest Earnings
<br />Sale of Assets
<br />Grants / Other
<br />Transfer In
<br />Total Other Sources (Uses)
<br />Excess of Funding Sources
<br />Over (Under) Funding
<br />Uses
<br />Net Assets - Jan 1 st
<br />Prior Period Adjustment
<br />Net Assets - Dec 31 st
<br />Discussion Items
<br />2002
<br />Actual
<br />$ 13,653
<br />7,124,008
<br />27,030
<br />2003
<br />Actual
<br />$ 19,115
<br />7,614,250
<br />71,242
<br />2004
<br />Actual
<br />$ %895
<br />7,615,762
<br />13,892
<br />2005
<br />Bum
<br />9,277,525
<br />112,000
<br />2006
<br />B
<br />9,419,275
<br />112,000
<br />7,164,691 7,70407 7,639,549 9,389,525 9,531,275
<br />951,415
<br />1,05300
<br />1,059,192
<br />1,128,650
<br />1,187,600
<br />117,134
<br />127,465
<br />128,209
<br />144,650
<br />148,900
<br />6,656,512
<br />6,000,032
<br />6,363,645
<br />6,895,725
<br />7,064,075
<br />988,966
<br />628,344
<br />651,110
<br />801,000
<br />801,000
<br />8,714,027
<br />709,641
<br />8,202,156
<br />8,970M25
<br />9,201,575
<br />523,927
<br />317,371
<br />23609
<br />32700
<br />18700
<br />558
<br />(40,248)
<br />-
<br />-
<br />-
<br />117,992
<br />395,475
<br />32,741
<br />-
<br />-
<br />24,200
<br />-
<br />-
<br />-
<br />-
<br />666,677
<br />672,598
<br />269,430
<br />32700
<br />18700
<br />(882,659)
<br />35,224,163
<br />$ 34,341,504
<br />567,564
<br />34,341,504
<br />(3,508,317)
<br />$ 31,400,751
<br />(293,177)
<br />31,400,751
<br />(5,216,808)
<br />$ 25,890,766
<br />746,500
<br />25,890,766
<br />$ 26,637,266
<br />516,700
<br />26,637,266
<br />$ 27,153,966
<br />From 2002 -2006 funding sources for the City's Proprietary operations increased an average of 8% per
<br />year. This was due to a stable number of City water and sewer customers, along with general rate
<br />increases that were necessary to finance planned capital replacements. Proprietary operations are funded
<br />almost entirely by user charges, which are currently at rate averages for peer communities. For 2006
<br />and beyond, the City expects to increase rates and subsequently realize revenues, at a level that is
<br />slightly higher than the expected inflation rate.
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