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City of Roseville — 2014 Budget Debt Service includes the principal and interest paid on bonds used to finance infrastructure and facility improvement projects. A significant increase is expected in 2014, due to the issuance of additional bonds used to finance the Park Renewal program. 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. Two additional TIF Districts have been created in the past couple of years which will increase the amount of TIF paid to developers. Budget Funding Sources The following graph and table summarizes the funding sources for the Budget. 2014 Funding Sources ■ Property Taxes Special Assessments Intergovernmental ■ Licenses & Permits Charges for Services Court Fines Interest Earnings ■ Other Revenues ■ Use of Reserves $ Increase % Increase Funding Source 2013 2014 (Decrease) (Decrease) Property Taxes $ 1712691826 $ 18,003,721 $ 733,895 4.2% Special Assessments 1501000 1531000 3,000 2.0% Intergovernmental 219851518 3,467,811 482,293 16.2% Licenses & Permits 215121681 2,8981700 3 86,019 15.4% Charges for Services 1817471981 22,3001065 3,552,084 18.9% Court Fines 2201000 2401000 20,000 9.1% Interest Earnings 8561839 4111800 (445,039) -51.9% Other Revenues 116291361 117111509 821148 5.0% Use of Reserves ** 110621804 1,5071954 4451150 41.9% Total $ 45,435,010 $ 5016941560 $ 5,259,550 11.6% * * 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 Park Renewal program. An increase was also necessary to strengthen the City's asset replacement funding mechanisms, and to offset inflationary impacts. V/