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City of Roseville — 2012 Budget <br />Cash reserves held in the general purpose funds are expected to generate an investment return of 5% <br />annually which can be used to partially offset operational costs. Additional property tax increases will <br />be needed to offset general purpose capital investment needs. These increases are discussed in greater <br />detail below. <br />Based on the projected cost increases and added revenues, the cash reserve levels for operations in the <br />City's general purpose functions are depicted in the following chart: <br />Capital Investments <br />The 2012 -2021 CIP identified approximately $17.5 million in general purpose asset replacement needs <br />including the replacement of buildings, streets, trails, and vehicles and equipment. This excludes park <br />improvements and the construction of a new fire station which are being financed in 2012 -2015. <br />The following chart depicts cash reserve levels over the next 10 years for capital purchases. <br />87 <br />