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CITY OF ROSEVILLE, MINNESOTA <br /> <br />MANAGEMENT’S DISCUSSION AND ANALYSIS <br />For Year Ended December 31, 2016 <br /> <br /> <br />CURRENTLY KNOWN FACTS/ECONOMIC CONDITIONS <br /> <br />Financial Outlook <br /> <br />A number of local economic factors played a role in setting next year’s budget, utility rates and fee <br />schedule: <br /> <br /> The City made operational adjustments including a modest property tax increase and the limited <br />use of cash reserves to ensure that the City’s core services are funded in a manner that <br />preserves the greatest value to the community. <br /> <br /> New building permit fees were added, existing permit fees and plan review fees were increased <br />to reflect the rising administrative, attorney and inspection costs incurred by the City. In addition, <br />user charges for proprietary funds were also changed to reflect current and anticipated conditions <br />and asset replacement needs. <br /> <br />These factors were considered when the City of Roseville prepared its 2017 budget. <br /> <br /> <br />REQUESTS FOR INFORMATION <br /> <br /> <br />The financial report is designed to provide our citizens, customers, investors and creditors with a <br />general overview of the City’s finances. If you have questions about this report or need any <br />additional information, contact the Office of the Finance Director, 2660 Civic Center Drive, <br />Roseville, MN 55113. <br /> <br /> <br /> <br />25 <br />Item 8: Attachment D