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City of Roseville — 2008 Budget The City has realized steady growth in its license and permits revenues during the past 5 years and expects that to continue in '08 and beyond. Building permit revenue is expected to increase as several major redevelopment projects get underway. In addition, the City's License Center operation continues to see strong growth in multiple service areas including passports and auto dealer licensing. License and permit revenue is depicted below. It should be noted that the year 2007 depicts the amount that was originally budgeted for. Preliminary figures indicate that the actual amounts will be significantly higher. From 2004 -2008, the City continued to emphasize its core functions of public safety and public works. In 2006, a substantial investment was made in police and fire information and communication systems including a new records management system and conversion to the 800mhz radio system. The public works area is realizing higher operating costs due to higher energy costs and service input costs such as fuel. It is expected that these higher costs will continue in future budget years in order to maintain service levels. The City's special purpose operations account for a variety of stand -alone functions including the City's License Center and Information Technology Support areas. As noted above, the License Center continues to experience steady growth. Likewise, the IT area has seen substantial growth in recent years as the City has not only emphasized greater investment in IT for its own needs, but it also provides IT support services for 18 area municipalities and other governmental agencies. The City expects these IT partnerships to continue growing in future years. The City's debt service payments dropped dramatically in 2003 due to the early retirement of improvement bonds issued in the early 90's. Debt service payments leveled off in 2005, and the City expects these costs to remain unchanged through 2011. From 2004 -2008, fund balance in the governmental funds declined by $2.5 million. This largely resulted from the planned spending of reserves to finance a portion of the City Hall and Public Works expansion in 2003 and 2004. 18