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City of Roseville — 2009 Budget Fund balance levels are expected to remain unchanged in future fiscal years. However, it is recognized that changing priorities and unforeseen events may require the use of City reserves. Proprietary Funds The table below shows a 5 -year comparison of funding sources, uses, and changes in fund balance for all proprietary funds, which includes Sanitary Sewer, Water, Storm Sewer, Recycling, and the Golf Course. Excess of Funding Sources Over (Under) Funding Uses (3669941) (3959129) 189684 1809805 3409032 Net Assets - Jan 1 st 2598909766 2595239825 2591289696 2591479380 2593289185 Prior Period Adjustment - - - - - Net Assets - Dec 31 st $ 2595239825 $ 2591289696 $ 2591479380 $ 2593289185 $ 2596689217 Discussion Items Proprietary funds receive most of their funding sources from user fees. Funding sources for the City's Proprietary operations remain stable as the City's water and sewer customers continue their strong presence. A significant portion of the revenues and expenditures are related to water consumption, which in turn is heavily correlated with weather conditions. This can cause significant fluctuations in water purchases and subsequent wastewater treatment charges. These expenditures are included in the `Other Services & Charges' category. Independent of weather impacts and water consumption, the City expects spending in its proprietary operations to increase somewhat higher than inflation in the next few years reflecting a comprehensive plan to begin upgrading its water distribution and sanitary sewer collection systems. Net assets of the City's proprietary operations are expected to remain fairly steady over the next couple of years. 19 2005 2006 2007 2008 2009 Funding Sources Actual Actual Actual Buffet Buffet Net Sales of Merchandise $ 99976 $ 99213 $ 119153 $ - $ - User Charges 798699196 893529987 898629154 999129080 1096019307 Other Revenue - 959860 1249274 999500 1649500 Total Sources 798799172 894589060 899979581 1090119580 1097659807 Funding Uses Personal Services 190649970 192089111 191879367 192919950 193739350 Supplies & Maintenance 1499964 1659739 1789659 1639400 1859950 Other Services & Charges 695769423 790089737 793379991 797299425 891789475 Depreciation 6709822 7129631 6959183 8329000 8489000 Total Uses 894629179 990959218 993999200 1090169775 1095859775 Other Sources (Uses) Interest Earnings 1179453 1779813 3569442 1869000 1609000 Sale of Assets - - - - - Grants / Other 989613 649216 639861 - - Transfer In - - - - - Total Other Sources (Uses) 2169066 2429029 4209303 1869000 1609000 Excess of Funding Sources Over (Under) Funding Uses (3669941) (3959129) 189684 1809805 3409032 Net Assets - Jan 1 st 2598909766 2595239825 2591289696 2591479380 2593289185 Prior Period Adjustment - - - - - Net Assets - Dec 31 st $ 2595239825 $ 2591289696 $ 2591479380 $ 2593289185 $ 2596689217 Discussion Items Proprietary funds receive most of their funding sources from user fees. Funding sources for the City's Proprietary operations remain stable as the City's water and sewer customers continue their strong presence. A significant portion of the revenues and expenditures are related to water consumption, which in turn is heavily correlated with weather conditions. This can cause significant fluctuations in water purchases and subsequent wastewater treatment charges. These expenditures are included in the `Other Services & Charges' category. Independent of weather impacts and water consumption, the City expects spending in its proprietary operations to increase somewhat higher than inflation in the next few years reflecting a comprehensive plan to begin upgrading its water distribution and sanitary sewer collection systems. Net assets of the City's proprietary operations are expected to remain fairly steady over the next couple of years. 19