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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 8 of 11 <br /> <br />With these funding recommendations, along with those prescribed by the Council in 2012 that impact <br />future years, the revised funding status for the tax-supported asset replacement funds will be as follows: <br /> <br />Revised <br />5-Year <br />Tax-Supported Funding <br />Capital Replacement Fund Status <br />Administration 875% <br />Finance 125% <br />Central Services 118% <br />Police 122% <br />Fire 113% <br />Public Works 137% <br />Parks & Recreation 144% <br />General Facility Improvements 95% <br />Information Technology 140% <br />Park Improvements 96% <br />Street Improvements 176% <br />Street Lighting 116% <br />Pathways (Existing)102% <br />Although the table above depicts all tax-supported replacement funds as being at least 95% funded, it <br />should be noted that the City’s Street Improvements Fund (Pavement Management Program) relies on <br />the consistent spend-down of cash reserves over the next 20 years. Even with the planned additional <br />monies noted above, it will continue to have a deficit of approximately $1 million per year in 2037. <br /> <br />If we employ the funding strategies noted above, the General Facilities, Park Improvement, and Street <br />Improvement Funds will look as follows: <br /> <br /> <br /> $(2,000,000) <br /> $(1,000,000) <br /> $- <br /> $1,000,000 <br /> $2,000,000 <br /> $3,000,000 <br /> $4,000,000 <br />2018 2021 2024 2027 2030 2033 2036 <br />General Facilities Replacement Fund -Revised <br />Revenues Expenditures Cash Balance