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Other Sources (Uses) <br />Transfer In (Out) - - - - - <br />Other - 21440 - - - <br />Total Other Sources (Uses) - 21440 - - - <br />Excess of Funding Sources <br />Over (Under) Funding Uses (61,072) (58,966) (323,903) - 681664 <br />Fund Balance - Jan 1 st 2611012 1991940 1401974 (182,929) (182,929) <br />Fund Balance - Dec 31 st $ 1991940 $ 1401974 $ (182,929) $ (182,929) $ (114,265) <br />Discussion Items <br />During the period 2008 -2012, the Community Development Fund realized some fluctuation in overall <br />activity which was indicative of changing market conditions for both housing and commercial <br />development. It is expected that beginning in 2012 and continuing for the next several years, <br />development at several major areas will take place, which should stabilize the Fund's operations. <br />Although not shown above, preliminary 2011 financial results were stronger than projected. The <br />negative fund balance is expected to be eliminated altogether as a result. <br />PZI <br />City of Roseville — <br />2012 Budget <br />Community Development Fund <br />The table below shows a 5 -year comparison of <br />funding sources, uses, and changes in fund balance for <br />the Community Development Fund. <br />2008 <br />2009 <br />2010 <br />2011 <br />2012 <br />Funding Sources <br />Actual <br />Actual <br />Actual <br />Budget <br />Budget <br />Licenses & Permits $ <br />110781917 <br />$ 110011418 <br />$ 7761230 <br />$ 110221324 <br />$ 9861699 <br />Charges for Services <br />451608 <br />1341261 <br />1351965 <br />- <br />- <br />Interest Earnings <br />91221 <br />41282 <br />(51884) <br />51000 <br />- <br />Other Revenue <br />351589 <br />241149 <br />4481285 <br />701000 <br />1331500 <br />Total Sources <br />111691335 <br />1,164,110 <br />113541596 <br />110971324 <br />111201199 <br />Funding Uses <br />Personnel <br />9001115 <br />110181586 <br />110351419 <br />8661419 <br />8001710 <br />Supplies & Materials <br />131359 <br />101351 <br />101416 <br />141750 <br />151740 <br />Other Services & Charges <br />2921234 <br />1771815 <br />6321664 <br />2101155 <br />2051085 <br />Capital Outlay <br />241699 <br />181764 <br />- <br />61000 <br />301000 <br />Total Uses <br />112301407 <br />112251516 <br />116781499 <br />110971324 <br />110511535 <br />Other Sources (Uses) <br />Transfer In (Out) - - - - - <br />Other - 21440 - - - <br />Total Other Sources (Uses) - 21440 - - - <br />Excess of Funding Sources <br />Over (Under) Funding Uses (61,072) (58,966) (323,903) - 681664 <br />Fund Balance - Jan 1 st 2611012 1991940 1401974 (182,929) (182,929) <br />Fund Balance - Dec 31 st $ 1991940 $ 1401974 $ (182,929) $ (182,929) $ (114,265) <br />Discussion Items <br />During the period 2008 -2012, the Community Development Fund realized some fluctuation in overall <br />activity which was indicative of changing market conditions for both housing and commercial <br />development. It is expected that beginning in 2012 and continuing for the next several years, <br />development at several major areas will take place, which should stabilize the Fund's operations. <br />Although not shown above, preliminary 2011 financial results were stronger than projected. The <br />negative fund balance is expected to be eliminated altogether as a result. <br />PZI <br />