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City of Roseville — 2007 Budget Letter of Transmittal December 18, 2006 To the Mayor and City Council, Enclosed is the 2007 City Budget as prepared by City Staff, in accordance with City Council actions. The 2007 Budget culminates nearly a year's worth of planning, evaluation, and input from the City Council, advisory commissions, and citizens. Great effort has been taken to ensure that the City's core services are funded in a manner that preserves the greatest value to the community. In addition, steps have been taken to account for the changing trends and impacts that will affect both next year's and future year's budgets. To the greatest extent possible, new technologies and efficiencies have been incorporated into our service delivery process. However, several challenges remain that will have a significant impact on the 2007 Budget. First, in 2006, the City relied on the use of $128,000 of reserves to plug the budget gap. It is recognized that use of reserves is not sustainable. In a recent study is was noted that our reserve levels in our key operating funds, especially the General Fund, have dropped below both industry- recommended levels, as well as our own Cash Reserve Policy. In addition, many of the City's largest service inputs - such as fuel and energy related costs are outpacing inflation. Finally, based on national and local measures, as well as collective bargaining contracts that have already been settled, we are forecasting a need for a COLA of 3% or more. Eliminating the use of reserves for operating budgets and addressing costs that are outpacing inflation has placed added pressure on the 2007 Budget. The 2007 Budget also attempts to begin positioning the City to incorporate the goals and strategies that were identified in the recently completed Imagine Roseville 2025 visioning process. This 6 -month process resulted in the citizen recommendation of the following goals: 1) Roseville is a welcoming community that appreciates differences and fosters diversity 2) Roseville is a desirable place to live, work, and play 3) Roseville has a strong and inclusive sense of community 4) Roseville residents are invested in their community 5) Roseville is a safe community 6) Roseville housing meets community needs 7) Roseville is an environmentally healthy community 8) Roseville has world- renowned parks, open space, and multi - generational recreation programs and facilities 9) Roseville supports the health and wellness of community members 10) Roseville supports high quality, lifelong learning 11) Roseville has a comprehensive, safe, efficient, and reliable transportation system 12) Roseville has well- maintained, efficient, and cost - effective public infrastructure 13) Roseville has technology that gives us a competitive advantage 14) Roseville has a growing, diverse, and stable revenue base 15) Roseville responsibly funds programs, services, and infrastructure to meet long -term needs 1