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2015_Approved Budget and CIP.pdf
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2015_Approved Budget and CIP.pdf
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City of Roseville — 2015 Budget <br />Enterprise Operations <br />The City's enterprise or business-type operations include the City's water, sanitary sewer, storm sewer, <br />solid waste recycling, and golf course operations. They are categorized as enterprise operations because <br />they are run much like a private, stand-alone business that is sustained solely by the direct revenues they <br />receive. These operations do not receive any property tax monies. <br />Enterprise operations are funded by user fees, a portion of which is set aside for future capital <br />replacements. The remaining is used for day-to-day operations. For financial planning purposes, the <br />City looks at operations and capital investments separately. The financial plan for each of these <br />categories is discussed in greater detail below. <br />Operations <br />Over the next 10 years, the City's enterprise operations are projected to collectively grow 3% per year, <br />from $15.4 million in estimated expenditures in 2015 to $20.1 million in 2024. This assumes that the <br />City will continue providing the same services and levels of services as it currently does. The <br />projections incorporate increases in personnel, supplies & materials, and other operating costs including <br />the purchase of water from the City of St. Pau1 and wastewater treatment costs paid to the Metropolitan <br />Council. <br />Projected cost increases by major category for the enterprise functions are as follows: <br />❖ Personnel costs: 3% <br />❖ Supplies and materials: 3% <br />❖ Other services and charges: 3.0-3.5% <br />The projected cost increases through 2024 are comparable to actual increases realized in prior years. To <br />accommodate these additional costs, operating revenues rates will need to increase by a corresponding <br />amount. User fee increases will fluctuate greatly depending on the enterprise function, with golf course <br />and recycling fees rising at 3% annually. Water, sewer, and stormwater fees will need to rise at 3.0- <br />3.5% annually to offset projected cost increases and to equate current revenues with current <br />expenditures. <br />Cash reserves held in the enterprise funds are expected to generate an investment return of 3% annually <br />which can be used to partially offset operational costs. <br />Additional user fee increases will be needed to offset capital investment needs. These increases are <br />discussed in greater detail below. <br />: <br />
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