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City of Roseville — 2012 Budget Recreation Fund The table below shows a 5 -year comparison of funding sources, uses, and changes in fund balance for the Recreation Fund. From 2008 -2012, the City's Recreation Fund realized a steady, but small increase in revenues at approximately 3% annually. This was somewhat due to a significant increase in the portion of the property tax dedicated for parks and recreation activities. User charges have increased at approximately 5% per year keeping pace with inflation and activity levels. During this same period, operating expenses increased at approximately 2% annually — or less than the growth in revenues. This reflected a dedicated effort to find new cost efficiencies and strengthen fund balance. It is expected that future revenues and expenditures will increase at a level commensurate with program activity levels. 23 2008 2009 2010 2011 2012 Funding Sources Actual Actual Actual Budget Budget Property Taxes $ 117021654 $ 117751497 $ 118051048 $ 119281924 $ 210031595 Charges for Services 115641056 116591638 116861169 118901450 118791768 Rentals 671579 541737 591910 - - Donations 501367 671671 591278 - - Interest Earnings 171657 61606 161635 - 151000 Other Revenue 1041161 631749 781763 61500 61500 Total Sources 315061474 316271898 317051803 318251874 319041863 Funding Uses Personnel 212651146 213011156 213641757 214201567 215161014 Supplies & Materials 2631740 2111817 2541095 2581677 2731740 Other Services & Charges 110401812 9861447 110091531 111031630 111001109 Capital Outlay 411164 61260 91854 431000 151000 Total Uses 316101862 315051680 316381237 318251874 319041863 Other Sources (Uses) Transfer In (Out) - - - - - Other - - - - - Total Other Sources (Uses) - - - - - Excess of Funding Sources Over (Under) Funding Uses (104,3 88) 1221218 671566 - - Fund Balance - Jan 1st 5021935 3981547 5201765 5881331 5881331 Fund Balance - Dec 31st $ 3981547 $ 5201765 $ 5881331 $ 5881331 $ 5881331 Discussion Items From 2008 -2012, the City's Recreation Fund realized a steady, but small increase in revenues at approximately 3% annually. This was somewhat due to a significant increase in the portion of the property tax dedicated for parks and recreation activities. User charges have increased at approximately 5% per year keeping pace with inflation and activity levels. During this same period, operating expenses increased at approximately 2% annually — or less than the growth in revenues. This reflected a dedicated effort to find new cost efficiencies and strengthen fund balance. It is expected that future revenues and expenditures will increase at a level commensurate with program activity levels. 23