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City of Roseville — 2009 Budget The City has realized fairly steady growth in its license and permits revenues during the past 5 years and expects that to continue in '09 and beyond. Building permit revenue is expected to increase as several major redevelopment projects get underway in the City's Twin Lakes Redevelopment Area. In addition, the City's License Center operation is expected to remain stable. License and permit revenue is depicted below. It should be noted that the year 2008 and 2009 depicts the amount that was originally budgeted for. From 2005 -2009, 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 (IT) Support areas. As noted above, the License Center continues to experience stability despite a challenging economic environment. 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 and again in 2007 due to the early retirement of improvement bonds issued in the early 90's. Debt service payments are expected to increase in 2009 as the City begins repaying debt issued to finance the replacement of the ice arena refrigeration system. From 2005 -2009, fund balance in the governmental funds increased by $5.6 million. This largely resulted from the capture of excess tax increments in advance of closing selected TIF Districts. Many of these districts will be closed by 2010 and the excess increment will be refunded. W