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City of Roseville — 2008 Budget
<br />Budget Funding Sources
<br />The following graph and table summarizes the funding sources for the 2008 Budget.
<br />2008 Funding Sources
<br />• Property Taxes E3 Special Assessments 0 Licenses & Permits
<br />• Court Fines IM Intergovernmental 0 Charges for Services
<br />Interest Earnings 0 Miscellaneous E Reserves
<br />Funding Source
<br />Taxes
<br />2007
<br />Budget
<br />$ 11,696,360
<br />2008
<br />d.- t
<br />$ 12,896,360
<br />$ Increase
<br />(decrease)
<br />$ 1,200,00
<br />% Increase
<br />(
<br />10.3%
<br />Special Assessments
<br />15000
<br />15000
<br />-
<br />0.0%
<br />Intergovernmental Rev.
<br />L384JO2
<br />2,120,620
<br />736,518
<br />53.2%
<br />Licenses & Permits
<br />2,501,380
<br />2,599,250
<br />97,870
<br />3.9%
<br />Charges for Services
<br />12,453,499
<br />12,847,830
<br />394,331
<br />3.2%
<br />Fines & Forfeits
<br />215,020
<br />28300
<br />67,980
<br />31.6%
<br />Interest Earnings
<br />1,161,489
<br />I ,176,465
<br />14,976
<br />1.3 %
<br />Other Revenues
<br />1,827,464
<br />2,048,650
<br />221,186
<br />12.1%
<br />Use of Reserves *
<br />1,259,485
<br />1,751,720
<br />492,23 5
<br />39.1 %
<br />Total
<br />$ 32,648,799
<br />$ 35,873,895
<br />$ 3,225,096
<br />9.9%
<br />* The 2008 Budget includes approximately $ 1.75 million in planned spending from capital replacement funds
<br />Property Taxes include taxes levied against taxable property. The increase in property taxes will offset
<br />spending increases for inflation and healthcare, and help fund new initiatives.
<br />Special Assessments include assessments levied against benefiting properties for various infrastructure
<br />improvements.
<br />Intergovernmental Revenues include state aids ($750,000), police, fire, and street maintenance aid
<br />($899,000) and monies received under joint powers agreements ($396,000). The increase is expected
<br />due to additional construction of MSA- related streets, and added revenues from Joint Powers
<br />Agreements related to the City's IT support functions.
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