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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 2 of 2 <br /> <br />Planning Principles <br /> <br />• The CIP will support achievement of the City’s long-term Strategic Goals. <br />• The CIP will be updated annually to reflect changing capital needs for new construction and <br />maintenance of the City’s substantial investments in streets, utilities, parks, buildings and <br />equipment. <br />• Development of the CIP will be consistent with the annual operating budget. Future operating <br />costs associated with capital improvements will be projected and included in operating budget <br />forecasts. <br />• Fund balance guidelines will be established for each capital fund, and will reflect the type of <br />fund, subsequent-year budget needs, annual cash flow requirements, replacement reserves and <br />potential contingencies. The guidelines will be used to responsibly manage balances over the <br />five-year planning horizon. <br /> <br />The Commission is asked to consider whether priority guidelines ought to be incorporated into the CIP <br />development and review process. <br /> <br />Staff Recommendation <br />Not applicable. <br /> <br />Requested Commission Action <br />For information purposes only. No formal Commission action is required at this time. <br /> <br /> <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Not applicable. <br />