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City of Roseville — 2008 Budget
<br />5 -Year Financial Plan
<br />The 5 -Year Financial Plan has been developed to identify the revenue and expenditures that are
<br />expected to occur based upon the City's current operations and known obligations. Like the Capital
<br />Improvement Plan (CIP), the 5 -year Financial Plan is considered a management tool for planning
<br />purposes only and is not intended to provide absolute direction on how the City's resources are expected
<br />to be allocated.
<br />The 5 -Year Financial Plan is focused on the City's overall operations, rather than individual programs
<br />and services.
<br />The following table depicts the projected expenditures in the City's General operations:
<br />The City's general operations are expected to increase 3.5% annually over the next five years. The
<br />increase is attributable to an estimated inflationary increase of approximately 3.5% in most programs,
<br />largely tied to expected cost -of- living and healthcare increases for employees. The City's vehicle and
<br />equipment replacement schedule should remain stable over the next five years. Finally, the City does
<br />not have any immediate plans to issue new debt. Debt service payments are expected to remain the
<br />same through 2010.
<br />Because the City's general operations are funded in large part by property taxes, the City expects the
<br />overall property tax levy to increase at 3.5% - 4.5% during this period. Non -tax revenue sources for the
<br />City's general operations are expected to remain fairly constant.
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<br />Avg.
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />Annual
<br />Buffet
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Increase
<br />General Government
<br />$ 1,605,944
<br />$ 1,654,122
<br />$ 1,703,746
<br />$ 1,754,858
<br />$ 1,807,504
<br />3.1%
<br />Police
<br />5,089,960
<br />5,293,558
<br />5,505,301
<br />5,725,513
<br />5,954,533
<br />4.2%
<br />Fire
<br />1,481,240
<br />1,540490
<br />1,602,109
<br />1,666,194
<br />1,732,841
<br />4.2%
<br />Fire Relief
<br />348,670
<br />348,670
<br />348,670
<br />348,670
<br />348,670
<br />0.0%
<br />Public Works
<br />2,274,065
<br />2,365,028
<br />2,459,629
<br />2,558,014
<br />2,660,334
<br />4.2%
<br />Parks & Recreation Programs
<br />2,543,010
<br />2,644,730
<br />2,750,520
<br />2,860,540
<br />2,974,962
<br />4.2%
<br />Park Maintenance
<br />893405
<br />929,141
<br />966,307
<br />1,004,959
<br />1,045,157
<br />4.2%
<br />Park Improvements
<br />175,000
<br />175,000
<br />175,000
<br />175,000
<br />175,000
<br />0.0%
<br />Vehicle & Equipment Replacement
<br />615,000
<br />615,000
<br />615,000
<br />615,000
<br />615,000
<br />0.0%
<br />Debt
<br />1,335,000
<br />1,335,000
<br />1,335,000
<br />1,335,000
<br />1,335,000
<br />0.0%
<br />Total
<br />$ 16,361,294
<br />$ 16,900,740
<br />$ 17,461,281
<br />$ 18,043,748
<br />$ 18,649,003
<br />3.5%
<br />The City's general operations are expected to increase 3.5% annually over the next five years. The
<br />increase is attributable to an estimated inflationary increase of approximately 3.5% in most programs,
<br />largely tied to expected cost -of- living and healthcare increases for employees. The City's vehicle and
<br />equipment replacement schedule should remain stable over the next five years. Finally, the City does
<br />not have any immediate plans to issue new debt. Debt service payments are expected to remain the
<br />same through 2010.
<br />Because the City's general operations are funded in large part by property taxes, the City expects the
<br />overall property tax levy to increase at 3.5% - 4.5% during this period. Non -tax revenue sources for the
<br />City's general operations are expected to remain fairly constant.
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