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<br />Long Range Financial Planning <br /> <br />Background and City Council Long Range Budget Policy <br /> <br />Each year, the City Council, in cooperation with various citizen study committees, staff guidance <br />and input from the business community, annually prepares an updated 5-year Capital <br />Improvement Program (CIP). The expected capital expenditures for the current year (2002) have <br />been thoroughly reviewed by the City Council in conjunction with the fiscal operating policies <br />and have been approved. <br /> <br />The remaining four years (2003-2006) are best estimates at a current point in time and <br />represents what may be expected to be the needs of the city in those particular years. The City <br />Council policy is vel}' clear that those items listed in the future years are for planning pwposes <br />on~v. When the projects are approved for each appropriate operating year, then and only then will <br />they be considered actually budgeted. <br /> <br />Capital Expenditure Trends <br /> <br />The trend throughout the City's past Capital Improvement Programs typically shows higher <br />levels of proposed investments in public infrastructure. In reality, many of the proposed projects <br />are either cancelled or reduced in final scope so as to be within a normal range of $8-12 million <br />dollars of annual capital outlay, including infrastructure. <br /> <br />The 2001-2005 Capital Improvement Program totaled $81,317,975 as compared to the current <br />2002-2006 Program, which is estimated at $75,721,267. <br /> <br />Most of the differences between the two 5- Y ear Programs relate primarily to public facilities <br />such as a community center, public safety space and other governmental space upgrades. The <br />current Program has modified somewhat from earlier expectations as the Final Centre City <br />Report has been presented. <br /> <br />The Centre City Taskforce, which was made up of Roseville Citizens, had been formed by the <br />City Council in 1999, to review the current land location of the Civic Center, which included the <br />City Hall, Public Works, the Skating Center and Fire Station No.1. <br /> <br />Broad source and use ca.tegories are shown in the charts on the next page. Summary infonnation <br />and specific detail, including sources and expenditures by department, are on the following <br />pages. <br /> <br />V-I <br />