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City of Roseville - 2006 Budget
<br />The Recreation Fund had experienced recurring operating deficits during the late 1990's and early
<br />2000's. Beginning in 2003, the City adopted a more conservative revenue forecast methodology that
<br />has more accurately represented the Fund's financial activities. In late 2004, citing the revised
<br />methodology and economic realities, the City Council agreed to transfer monies in from other parks and
<br />recreation - related funds to erase the accumulated deficit.
<br />Community Development Fund
<br />The table below shows a 5 -year comparison of funding sources, uses, and changes in fund balance for
<br />the Community Development Fund.
<br />Funding Sources
<br />Licenses & Permits
<br />Charges for Services
<br />Interest Earnings
<br />Other Revenue
<br />Total Sources
<br />Funding Uses
<br />2002
<br />2003
<br />2004
<br />Actual
<br />Actual
<br />Actual
<br />$ 804,983
<br />$ 957,793
<br />$ 748,131
<br />201,324
<br />171,470
<br />25,327
<br />15,255
<br />(32,323)
<br />(2,164)
<br />17,030
<br />20,219
<br />38,078
<br />2005
<br />B
<br />$ 905,000
<br />30,000
<br />15,000
<br />2006
<br />Bum
<br />$ 880,000
<br />10,000
<br />1,038,592 1,117,159 809,372 95000 89000
<br />Personnel
<br />831,507
<br />745,574
<br />783,571
<br />807,900
<br />946,500
<br />Supplies & Materials
<br />14,696
<br />089
<br />14,134
<br />11,760
<br />22,010
<br />Other Services & Charges
<br />486,717
<br />332,946
<br />162,265
<br />226,340
<br />208,990
<br />Capital Outlay
<br />34,967
<br />13,442
<br />4
<br />-
<br />-
<br />Total Uses
<br />1,36707
<br />1,100,651
<br />959,974
<br />1,046,000
<br />1,177,500
<br />Other Sources (Uses)
<br />Transfer In (Out)
<br />Other
<br />Total Other Sources (Uses)
<br />Excess of Funding Sources
<br />Over (Under) Funding
<br />Uses
<br />Fund Balance - Jan 1 st
<br />Fund Balance - Dec 31 st
<br />Discussion Items
<br />22,164 (169,857) (84) - 4500
<br />- - (4,477) - -
<br />22,164 (169,857) (4,561) - 4500
<br />(307,131)
<br />(153,349)
<br />(155,163)
<br />(96,000)
<br />(242,500)
<br />649,068
<br />341,937
<br />188,588
<br />33,425
<br />(62,575)
<br />$ 341,937
<br />$ 188,588
<br />$ 33,425 $
<br />(62,575)
<br />$ ( 305,075)
<br />During the period 2002 -2006, the Community Development Fund realized a general downturn in overall
<br />activity. Overall revenues declined by 4% during this period reflecting less building - related revenues.
<br />Overall expenditures during this same period declined by approximately 3 %, reflecting the same overall
<br />downturn.
<br />The City's Community Development Fund has experienced recurring operating deficits during the last
<br />few years as redevelopment within the City has slowed. Beginning in 2004, the City began evaluating
<br />the resources allocated to this function to determine whether changes are needed. Included within this
<br />evaluation will be a projection of future development over the next five years, accompanied by a
<br />commensurate staffing plan. It is expected that beginning in 2007, expected development at several
<br />major redevelopment areas will begin. It is projected that the accumulated deficit will be alleviated by
<br />2008.
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