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Roseville Finance Commission
<br />Agenda Item
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<br />Page 4 of 8
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<br /> Table C: General Fund
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<br />2012 2013 2014 2015 2016
<br />Funding Sources Actual Actual Actual Actual Actual
<br />Property Taxes 9,761,246$ 10,065,348$ 10,173,073$ 10,236,716$ 11,919,681$
<br />Intergovernmental 979,352 1,053,778 991,970 1,031,110 1,213,476
<br />Licenses & Permits 407,297 384,467 416,659 396,247 484,004
<br />Charges for Services 1,158,338 1,241,970 221,728 212,120 535,975
<br />Fines & Forfeits 313,530 236,510 204,799 135,479 107,229
<br />Interest Earnings 46,514 (241,261) 338,364 74,431 (38,581)
<br />Other Revenue 140,435 164,699 96,735 83,548 73,599
<br />Total Sources 12,806,712 12,905,511 12,443,328 12,169,651 14,295,383
<br />Funding Uses
<br />General Government 2,065,652 2,411,123 2,193,314 2,323,882 2,560,587
<br />Police 6,263,999 6,646,790 6,701,924 6,863,442 7,080,726
<br />Fire 1,584,630 1,571,657 1,661,020 1,826,477 1,927,282
<br />Fire Relief 355,384 299,233 341,617 220,012 221,324
<br />Public Works 2,183,350 2,333,802 2,397,213 2,211,904 2,238,271
<br />Other - - - - -
<br />Total Uses 12,453,015 13,262,605 13,295,088 13,445,717 14,028,190
<br />Other Sources (Uses)
<br />Transfer In (Out)- - 926,471 962,148 934,000
<br />Other - - - - 3,351
<br />Total Other Sources (Uses)- - 926,471 962,148 937,351
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses 353,697 (357,094) 74,711 (313,918) 1,204,544
<br />Fund Balance - Jan 1st 6,211,290 6,564,987 6,207,893 6,282,604 5,968,686
<br />Fund Balance - Dec 31st 6,564,987$ 6,207,893$ 6,282,604$ 5,968,686$ 7,173,230$
<br />The General Fund includes most of the City’s property tax-supported functions including police, fire,
<br />streets, administration, finance, nuisance code enforcement, and others.
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<br />Revenues have generally kept pace with expenditures; both increasing approximately 3% per year.
<br />However, 2016 property tax revenues included a one-time capture of surplus TIF Monies which inflated
<br />collections by approximately $1.1 million.
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<br />Property tax collections (excluding the one-time $1.1 million) have increased about 3% per year during
<br />the past five years, accounting for approximately 82% of General Fund revenues. Public Safety-related
<br />expenditures (police and fire) represent the largest General Fund expenditure category at 66%. This
<br />category has increased by approximately 4% per year on average. Currently, the General Fund has a cash
<br />reserve level of 45% including the $1.1 million in one-time TIF surplus monies. The City Council has
<br />yet to determine where these excess monies will be used.
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