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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 />1,761,000 137,195 147,827 127,905 -
<br />(81,390) - - -
<br />1,761,000 5505 147,827 127,905 -
<br />843,352
<br />4,907,086
<br />$ 5,750,438
<br />(1,556,286)
<br />5,750,438
<br />$ 4,194,152
<br />(953,993)
<br />4,194,152
<br />$ 3,240,159
<br />4,194,152
<br />$ 4,194,152
<br />4,194,152
<br />$ 4,194,152
<br />During the period 2003 -2007, overall funding sources for the City's General fund operations increased
<br />at an average of 5% annually. The City's tax levy increased substantially during this period. A portion
<br />of the increase was to offset the loss in homestead credit state -aid resulting from the State Legislature's
<br />decision to remove the homestead credit reimbursement to help finance the State's takeover of the
<br />general education (per pupil) funding. In 2004, the tax levy was increased to accommodate new debt
<br />service on voter - approved bonds issued the previous year.
<br />Beyond 2007, it is expected that the City's tax levy will need to increase at levels that are slightly higher
<br />than expected inflation. This will be necessary to offset personnel - related costs.
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<br />City of Roseville - 2007 Budget
<br />General Fund
<br />The table below shows a 5 -year
<br />comparison
<br />of funding sources,
<br />uses, and
<br />changes in fund balance for
<br />the General Fund; the City's primary operating fund.
<br />2003
<br />2004
<br />2005
<br />2006
<br />2007
<br />Funding Sources
<br />Actual
<br />Actual
<br />Actual
<br />Budget
<br />Bum
<br />Property Taxes
<br />$ 5,644,219
<br />$ 5,980,478
<br />$ 6,468,383
<br />$ 7,573,950
<br />$ 7,882,370
<br />Intergovernmental
<br />816,446
<br />825,190
<br />830,390
<br />847,000
<br />935,000
<br />Licenses & Permits
<br />244,091
<br />24702
<br />289,307
<br />265,500
<br />312,500
<br />Charges for Services
<br />1,119,439
<br />1,009,498
<br />970,824
<br />925,390
<br />900,000
<br />Fines & Forfeits
<br />181,567
<br />147,140
<br />195,814
<br />215,020
<br />215,020
<br />Interest Earnings
<br />297,407
<br />(154,202)
<br />(63,550)
<br />315,270
<br />304,989
<br />Other Revenue
<br />95,469
<br />71,162
<br />162,073
<br />345,000
<br />250,000
<br />Total Sources
<br />8,398,638
<br />8,126,948
<br />8,853,241
<br />10,487,130
<br />10,799,879
<br />Funding Uses
<br />General Government
<br />1,597,790
<br />1,675,630
<br />1,729,063
<br />1,530M85
<br />1,547,795
<br />Police
<br />4,17509
<br />4,616,709
<br />4,703,179
<br />5,015,810
<br />5,089,960
<br />Fire
<br />1,322,171
<br />1,214,719
<br />1,391M2
<br />1,458,895
<br />1 Al 240
<br />Fire Relief
<br />486,481
<br />449,870
<br />350,870
<br />348,670
<br />348,670
<br />Public Works
<br />1,573,348
<br />1,709,263
<br />1,780,147
<br />2,208,575
<br />2,274,065
<br />Other
<br />160,827
<br />72,848
<br />-
<br />53,000
<br />58,149
<br />Total Uses
<br />9,316,286
<br />9,739,039
<br />9,955,061
<br />1015,035
<br />10,799,879
<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 />1,761,000 137,195 147,827 127,905 -
<br />(81,390) - - -
<br />1,761,000 5505 147,827 127,905 -
<br />843,352
<br />4,907,086
<br />$ 5,750,438
<br />(1,556,286)
<br />5,750,438
<br />$ 4,194,152
<br />(953,993)
<br />4,194,152
<br />$ 3,240,159
<br />4,194,152
<br />$ 4,194,152
<br />4,194,152
<br />$ 4,194,152
<br />During the period 2003 -2007, overall funding sources for the City's General fund operations increased
<br />at an average of 5% annually. The City's tax levy increased substantially during this period. A portion
<br />of the increase was to offset the loss in homestead credit state -aid resulting from the State Legislature's
<br />decision to remove the homestead credit reimbursement to help finance the State's takeover of the
<br />general education (per pupil) funding. In 2004, the tax levy was increased to accommodate new debt
<br />service on voter - approved bonds issued the previous year.
<br />Beyond 2007, it is expected that the City's tax levy will need to increase at levels that are slightly higher
<br />than expected inflation. This will be necessary to offset personnel - related costs.
<br />18
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