2010 Approved Budget - Laserfiche WebLink

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City of Roseville — 2010 Budget Based on the projected cost increases and added revenues, the cash reserve levels for operations in the City's enterprise -type functions are depicted in the following chart: Capital Investment The 2009 -2018 CIP identified approximately $26.9 million in asset replacement needs including the replacement of vehicles, water and sanitary sewer mains, stormwater mains and retention ponds, and golf course improvements. By contrast, using the current funding source of asset depreciation charges, only $8.5 million of available monies were identified, leaving a funding gap of $18.4 million over the next 10 years. If existing reserves in the enterprise funds are also applied, the funding gap drops to $12.7 million over the next 10 years. Based on the CIP, the City will exhaust its dedicated asset replacement funds for its enterprise -type operations by 2014. This is depicted in the following chart. To prevent a deficit from occurring, the City must; divest some city assets, defer asset replacements, or increase user fees. If the City chooses to rely solely on increased user fees; water and sewer rates will '.