2012 Approved Budget - Laserfiche WebLink

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City of Roseville — 2012 Budget As noted earlier, the City expects to continue to see fluctuations in investment earnings in the coming years. While cash reserve levels are expected to remain relatively unchanged, long -term interest rates remain near low historical levels. License and permits revenue is also expected to remain near current levels for the foreseeable future. The City is not anticipating any significant changes in the issuance of business licenses and permits, nor do we project that the regulatory costs incurred by the City will change in any significant manner. As such, overall revenues should remain largely unchanged. From 2008 -2012, the City continued to emphasize its core functions of public safety and public works. During this period, a substantial investment was made in police and fire information systems including a new records management system and conversion to the 800 MHz radio system. Also, the public works area is realizing higher operating costs due to higher energy - related costs and service input costs such as fuel. It is expected that these costs will continue to increase in future budget years in order to maintain service levels. Reflecting the emphasis described above, as a percentage of the General Fund; Police, Fire, and Public Works costs have generally increased during the past 5 years. This is depicted below. Higher public safety and public works - related costs have been somewhat offset by lower general administrative costs, which has declined overall since 2008. The City is also experiencing lower fire - related costs due to departmental restructuring and lower pension - related costs. Since 2008, the General Fund balance increased by over $1 million. The use of General Fund reserves during this period to offset declines in state aid; was more than offset by the capture of surplus tax increment. It is expected that future budgets will remain balanced. PIN