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City of Roseville — 2013 Budget TIF Pay-as-you-Go refers to tax increment paid to developers as specified in Tax Increment Financing (TIF)agreements between the City and various developers. No change is expected in 2013. Budget Funding Sources The following graph and table summaHzes the funding sources for the Budget. re Property Taxes ■ Licenses & Permits Interest Earnings 2013 Funding Sources Special Assessments M Intergovernmental Charges for Services Court Fines ■ Other Revenues Use of Reserves ** represents planned spending from capital replacement funds Property Taxes include taxes levied against taxable property. The increase in property taxes is largely attributable to the higher debt service costs associated with the bonds used to finance the construction of new fire station and a parr renewal program. An increase was also necessary to strengthen the City's asset replacement funding mechanisms, and to offset inflationary impacts. Special Assessments include assessments levied against benefiting properties for various infrastructure improvements. No change is expected in 2013. Increase % Increase Fundin Source 2012 1 (Decrease) Decrease Property Taxes 14,962,294 $ 17,269,826 $ 2,307,532 15.4% Special Assessments 1509000 1505,000 - 0.0% Intergovernmental 25856,340 2,9855,518 129,178 4.5% Licenses & Permits 2,413,224 2,5125,681 99,457 4.1% Charges for Services 17,417,575 18,747,981 15330,406 7.60 Court Fines 220NO 220,000 - 0.0% Interest Earnings 868,498 8569839 (11,659) -1.3% Other Revenues 1,443,16'7 19629,361 1869194 12.9% Use of Deserves 1,118,656 1,062,804 (551,852) -5.0% Total 41,449,754 45,435,010 $ 3,9853,256 9.6% ** represents planned spending from capital replacement funds Property Taxes include taxes levied against taxable property. The increase in property taxes is largely attributable to the higher debt service costs associated with the bonds used to finance the construction of new fire station and a parr renewal program. An increase was also necessary to strengthen the City's asset replacement funding mechanisms, and to offset inflationary impacts. Special Assessments include assessments levied against benefiting properties for various infrastructure improvements. No change is expected in 2013.