|
City of Roseville — 2008 Budget
<br />Fund balance levels are expected to remain unchanged in future fiscal years. However, it is recognized
<br />that changing priorities and unforeseen events may require the use of City reserves.
<br />Proprietary Funds
<br />The table below shows a 5 -year comparison of funding sources, uses, and changes in fund balance for
<br />all proprietary funds, which includes Sanitary Sewer, Water, Storm Sewer, Recycling, and the Golf
<br />Course.
<br />Discussion Items
<br />Proprietary funds receive most of their funding sources from user fees. Funding sources for the City's
<br />Proprietary operations remain stable as the City's water and sewer customers continue their strong
<br />presence. A significant portion of the revenues and expenditures are related to water consumption,
<br />which in turn is heavily correlated with weather conditions. Typically, the City budgets for dry
<br />conditions which results in higher water purchases and customer consumption. However, 2004 -2005
<br />represented relatively wet summer seasons which resulted in lower- than - expected consumption.
<br />Independent of weather impacts and water consumption, the City expects spending in its proprietary
<br />operations to increase slightly higher than inflation in the next few years reflecting a comprehensive
<br />plan to begin upgrading its water distribution and sanitary sewer collection systems. Net assets of the
<br />City's proprietary operations are expected to remain fairly steady over the next couple of years.
<br />19
<br />2004
<br />2005
<br />2006
<br />2007
<br />2008
<br />Funding Sources
<br />Actual
<br />Actual
<br />Actual
<br />Buffet
<br />Buffet
<br />Net Sales of Merchandise
<br />$ 9,895
<br />$ 9,976
<br />$ 9,213
<br />-
<br />User Charges
<br />7,615,762
<br />7,869,196
<br />8,352,987
<br />9,55000
<br />9,91200
<br />Other Revenue
<br />13,892
<br />-
<br />95,860
<br />1200
<br />99,500
<br />Total Sources
<br />7,639,549
<br />7,879,172
<br />8,458,060
<br />9,56200
<br />10,011,580
<br />Funding Uses
<br />Personal Services
<br />1,059,192
<br />1,064,970
<br />1,208,111
<br />1,259,400
<br />1,291,950
<br />Supplies & Maintenance
<br />128,209
<br />149,964
<br />165,739
<br />153,250
<br />163,400
<br />Other Services & Charges
<br />6,363,645
<br />6,576,423
<br />708,737
<br />7,318,075
<br />7,729,425
<br />Depreciation
<br />651,110
<br />670,822
<br />712,631
<br />801,000
<br />83200
<br />Total Uses
<br />8,202,156
<br />8,462,179
<br />9,095,218
<br />9,531,725
<br />10,016,775
<br />Other Sources (Uses)
<br />Interest Earnings
<br />23609
<br />117,453
<br />177,813
<br />11200
<br />18600
<br />Sale of Assets
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Grants / Other
<br />32,741
<br />98,613
<br />64,216
<br />-
<br />-
<br />Transfer In
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Total Other Sources (Uses)
<br />269,430
<br />216,066
<br />242,029
<br />11200
<br />18600
<br />Excess of Funding Sources
<br />Over (Under) Funding
<br />Uses
<br />(293,177)
<br />(366,941)
<br />(395,129)
<br />143,075
<br />18005
<br />Net Assets - Jan 1 st
<br />31,400,751
<br />25,890,766
<br />25,523,825
<br />25,12806
<br />25,271,771
<br />Prior Period Adjustment
<br />(5,216,808)
<br />-
<br />-
<br />-
<br />-
<br />Net Assets - Dec 31 st
<br />$ 25,890,766
<br />$ 25,523,825
<br />$ 25,12806
<br />$ 25,271,771
<br />$ 25,452,576
<br />Discussion Items
<br />Proprietary funds receive most of their funding sources from user fees. Funding sources for the City's
<br />Proprietary operations remain stable as the City's water and sewer customers continue their strong
<br />presence. A significant portion of the revenues and expenditures are related to water consumption,
<br />which in turn is heavily correlated with weather conditions. Typically, the City budgets for dry
<br />conditions which results in higher water purchases and customer consumption. However, 2004 -2005
<br />represented relatively wet summer seasons which resulted in lower- than - expected consumption.
<br />Independent of weather impacts and water consumption, the City expects spending in its proprietary
<br />operations to increase slightly higher than inflation in the next few years reflecting a comprehensive
<br />plan to begin upgrading its water distribution and sanitary sewer collection systems. Net assets of the
<br />City's proprietary operations are expected to remain fairly steady over the next couple of years.
<br />19
<br />
|