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City of Roseville — 2009 Budget
<br />5 -Year Financial Plan
<br />For 2010, the City expects to finalize the development of a 10 -Year Comprehensive Financial Plan.
<br />Until that Plan is completed, the City is relying on a 5 -Year abbreviated Financial Plan to identify the
<br />revenue and expenditures that are expected to occur based upon the City's current operations and known
<br />obligations. Like the Capital Improvement Plan (CIP), the 5 -year Financial Plan is considered a
<br />management tool for planning purposes only and is not intended to provide absolute direction on how
<br />the City's resources are expected to be allocated. In addition, the 5 -Year Plan does not fully incorporate
<br />the CIP as presented above.
<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 />General Government
<br />Police
<br />Fire
<br />Fire Relief
<br />Public Works
<br />Parks & Recreation Programs
<br />Park Maintenance
<br />Park Improvements
<br />Vehicle & Equipment Replacement
<br />Debt
<br />Total
<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 personnel - related increases. The City's vehicle and equipment replacement
<br />schedule should remain stable over the next five years. Finally, the City does not have any immediate
<br />plans to issue new debt. Debt service payments are expected to remain the same through 2012.
<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.
<br />'G
<br />Avg.
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013
<br />Annual
<br />Buffet
<br />Projected
<br />Projected
<br />Projected
<br />Proj ected
<br />Increase
<br />$ 1,716,800
<br />$ 1,768,304
<br />$ 1,821,353
<br />$ 1,875,994
<br />$ 1,932,274
<br />3.1%
<br />5,900,845
<br />6,136,879
<br />6,382,354
<br />6,637,648
<br />6,903,154
<br />4.2%
<br />1,643,130
<br />1,708,855
<br />1,777,209
<br />1,848,298
<br />1,922,230
<br />4.2%
<br />207,000
<br />207,000
<br />207,000
<br />207,000
<br />207,000
<br />0.0%
<br />2,385,375
<br />2,480,790
<br />2,580,022
<br />2,683,222
<br />2,790,551
<br />4.2%
<br />2,818,105
<br />2,930,829
<br />3,048,062
<br />3,169,985
<br />3,296,784
<br />4.2%
<br />931,940
<br />969,218
<br />1,007,986
<br />1,048,306
<br />1,090,238
<br />4.2%
<br />215,000
<br />240,000
<br />265,000
<br />290,000
<br />315,000
<br />11.6%
<br />1,148,095
<br />1,148,095
<br />1,148,095
<br />1,148,095
<br />1,148,095
<br />0.0%
<br />1,690,000
<br />1,690,000
<br />1,690,000
<br />1,690,000
<br />1,690,000
<br />0.0%
<br />$ 18,656,290
<br />$ 19,279,970
<br />$ 19,927,082
<br />$ 20,598,548
<br />$ 21,295,326
<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 personnel - related increases. The City's vehicle and equipment replacement
<br />schedule should remain stable over the next five years. Finally, the City does not have any immediate
<br />plans to issue new debt. Debt service payments are expected to remain the same through 2012.
<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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