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City of Roseville — 2014 Budget For 2014, the City made additional strides in strengthening its asset replacement funding mechanisms; especially with regard to general equipment and facilities, and utility infrastructure. Funding for these asset categories are near sustainable levels and most will only require inflationary -type increases in the future. Additional efforts will be needed to strengthen the City's streets and pathways. In 2014 the City will continue its Parks Renewal Program that will systematically replace much of the City's park system assets that were constructed in the 1970's, and 80's. The Program will entail an investment of $19 million over 4 -5 years. The 2014 Budget does rely on a modest amount of reserve spending to enhance the City's park maintenance function, the coordination of volunteer -led activities, and other programs. It is expected that these programs will be fully funded in the 2015 Budget. The 2014 Budget attempts to continue incorporating the goals and strategies that were identified in the IR2025 visioning process completed in 2007. This process resulted in the citizen recommendation of the following goals: 1) Roseville is a welcoming community that appreciates differences and fosters diversity 2) Roseville is a desirable place to live, work, and play 3) Roseville has a strong and inclusive sense of community 4) Roseville residents are invested in their community 5) Roseville is a safe community 6) Roseville housing meets community needs 7) Roseville is an environmentally healthy community 8) Roseville has world- renowned parks, open space, and multi - generational recreation programs and facilities 9) Roseville supports the health and wellness of community members 10) Roseville supports high quality, lifelong learning 11) Roseville has a comprehensive, safe, efficient, and reliable transportation system 12) Roseville has well- maintained, efficient, and cost - effective public infrastructure 13) Roseville has technology that gives us a competitive advantage 14) Roseville has a growing, diverse, and stable revenue base 15) Roseville responsibly funds programs, services, and infrastructure to meet long -term needs During the past few years, the City has achieved some short term objectives outlined in the IR2025 process. In early 2012, the City Council developed an action plan to achieve longer -range goals. However, given current economic conditions future appropriations for IR2025 initiatives will be especially challenging. It does however, remain an important guideline for determining services and service levels. In 2012, the City Council also adopted a new mission statement and community aspirations which also drive budgetary decisions. Those aspirations include: •'* Welcoming, inclusive, and respectful; •'* Safe and law- abiding; •'* Economically prosperous, with a stable and broad tax base; •'* Secure in our diverse and quality housing and neighborhoods; •'* Environmentally responsible, with well- maintained natural assets; 2