2015_Approved Budget and CIP.pdf

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City of Roseville — 2015 Budget As noted earlier, the City expects to continue to see fluctuations in investment earnings in the coming years. While cash reserve levels are expected to remain relatively unchanged, long-term interest rates remain near low historical levels. License and permits revenue is also expected to remain near current levels for the foreseeable future. The City is not anticipating any significant changes in the issuance of business licenses and permits, nor do we project that the regulatory costs incurred by the City will change in any significant manner. As such, overall revenues should remain largely unchanged. From 2011-2015, the City continued to emphasize its core functions of public safety and public works. During this period, a substantial investment was made in police and fire information systems including a new records management system. Also, the public works area is realizing higher operating costs due to higher energy-related costs and service input costs such as fueL It is expected that these costs will continue to increase in future budget years in order to maintain service levels. Reflecting the emphasis described above, as a percentage of the General Fund; Police, Fire, and Public Works costs have generally remained the same during the past 5 years. This is depicted below. 85.0% 84.0% 83.0% 82.0% 81.0% Police, Fire, Public Works 2011 2012 2013 2014 2015 Higher public safety and public works-related costs have been somewhat offset by lower general administrative costs, which have eXperienced slower growth overall since 2011. In 2015, the General Fund balance is expected to decrease by $375,000 due to the planned use of cash reserves to minimize property tax impacts. It is expected that future budgets will remain balanced. 21