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City of Roseville — 2015 Budget
<br />TIF Pay-as-you-Go refers to tax increment paid to developers as specified in Tax Increment Financing
<br />(TIF) agreements between the City and various developers. No changes are expected in 2015.
<br />Budget Funding Sources
<br />The following graph and table summarizes the funding sources for the Budget.
<br />2015 Funding Sources
<br />■ Property TaYes
<br />■ Licenses & Permits
<br />Interest Earnings
<br />- Special Assessments
<br />Charges for Services
<br />■ Other Revenues
<br />■ Intergoverninental
<br />Court Fines
<br />■ Use of Reserves * *
<br />$ Increase % Increase
<br />Funding Source 2014 2015 (Decrease) (Decrease)
<br />PropertyTaxes $ 18,003,721 $ 18,276,902 $ 273,181 1.5%
<br />Special Assessments 153,000 100,500 (52,500) -34.3°/o
<br />Intergovernmental 3,467,811 3,328,285 (139,526) -4.0°/a
<br />Licenses & Permits 2,898,700 3,098,1 10 l 99,410 6.9°/a
<br />Charges for Services 22,300,065 20,680,225 (1,619,840) -7.3°/o
<br />Court Fines 240,000 240,000 - 0.0%
<br />Interest Earnings 411,800 283,800 (128,000) -31.1%
<br />Other Revenues 1,711,509 2,941,898 1,230,389 71.9%
<br />Use of Reserves ** 1,507,954 3,095,570 1,587,616 105.3%
<br />Total $ 50,694,560 $ 52,045,290 $ 1,350,730 2.7%
<br />** Represents planned spending from capital replacement funds as well as operating funds.
<br />Property Taxes include taxes levied against taxable property. The increase in property taxes is
<br />necessary to offset inflationary-type costs for day-to-day operations.
<br />Special Assessments include assessments levied against benefiting properties for various infrastructure
<br />improvements. A reduction is expected in 2015 as older assessments are repaid.
<br />Intergovernmental Revenues include MSA state aids ($900,000), police, fire, and street maintenance
<br />aid ($1,000,000) and monies received under joint powers agreements ($1,150,000). The decrease is the
<br />result of lower projected state-aid revenues.
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