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City of Roseville — 2014 Budget <br />Based on the projected cost increases and added revenues, the cash reserve levels for operations in the <br />City's enterprise -type functions are depicted in the following chart: <br />Enterprise Fund Cash Reserves: Operations <br />$2,300,000 <br />$212001000 <br />�,-- ���--`♦ =- .��...,� <br />$2,100,000 <br />$2,000,000 <br />$1,900,000 <br />$1,800,000 <br />$1,700,000 <br />$1,600,000 <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Reserve levels set aside for operations, while declining, will remain sufficient for the foreseeable future. <br />Capital Investment <br />The 2014 -2023 CIP identified approximately $36.8 million in asset replacement needs including the <br />replacement of vehicles, water and sanitary sewer mains, stormwater mains and retention ponds, and <br />golf course improvements. Again, utility rate increases were implemented in 2014 with further <br />increases expected in 2015 and beyond. Significant increases will also be needed in the Golf Course <br />operations in the next few years. Thereafter, inflationary -type increases will be sufficient. <br />With the user fee increases, and following the asset replacement schedules identified in the CIP, the cash <br />reserves in the City's enterprise funds dedicated for capital needs will be as follows: <br />$1,800,000 <br />$1,750,000 <br />$1,700,000 <br />$1,650,000 <br />$1,600,000 <br />$1,550,000 <br />$1,500,000 <br />$1,450,000 <br />Enterprise Fund Cash Reserves: Capital <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />83 <br />