Laserfiche WebLink
CITY OF ROSEVILLE, MINNESOTA <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />For Year Ended December 31, 2015 <br />CURRENTLY KNOWN FACTS/ECONOMIC CONDITIONS <br />Financial Outlook <br />A number of local economic factors played a role in setting next year's Budget and utility rates: <br />❖ The City made operational adjustments including a modest property tax increase and the limited <br />use of cash reserves in recognition of declining interest earnings and stagnant non-tax revenues. <br />❖ Recreation program fees were increased to reflect the rising costs of individual programs. In <br />addition, user charges for proprietary funds were also changed to reflect current and anticipated <br />conditions and asset replacement needs. <br />These factors were considered when the City of Roseville prepared its 2015 budget. <br />REQUESTS FOR INFORMATION <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 />25 <br />