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Roseville Finance Commission Agenda Item Page 1 of 8 Memo To: Roseville Finance Commission From: Chris Miller, Finance Director Date: May 10, 2016 Re: Item #7: Receive Historical Budget & Tax Levy Data Background In the interest of broadening the Finance Commission’s perspective on future budgetary matters, Staff has compiled some historical data on City revenues and expenditures. The information presented below is lifted from the annual financial statements that are presented on the City’s website. In presenting its financial statements, municipalities separate financial activity into two aggregate categories; governmental and enterprise. The governmental category records the activity associated with programs and services that are managed as traditional ‘government-type’ services that oftentimes are funded by property taxes. This includes activities such as public safety, streets, and most parks & recreation programs. Most municipalities also choose to present separate financial statements for key operating funds such as the General Fund or other major funds. The purpose of these supplemental statements is to highlight financial performance for those functions that play a large civic role. Selected governmental funds are presented in a later section below. In contrast, the enterprise category records activity associated with ‘business-type’ programs and services that are funded without property taxes, and which are managed similar to a private sector business. This includes activities such as water, sewer, and the golf course. 2011-2015 Financial Summary: Aggregate Funds The following table (Table A) provides an operating summary for the City’s governmental funds for the past five years. Item #6: Attachment A