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CCP 07182022
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CCP 07182022
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Last modified
8/11/2022 12:24:20 PM
Creation date
8/11/2022 12:24:15 PM
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
7/18/2022
Meeting Type
Regular
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147 The Finance EquipmentFund, without additional levy support will go into a deficit in 2023as shown <br />148 below. <br />149 <br />150 <br />151 <br />152 With the proposed increase in property tax support, the Finance Equipmentfund would have a positive <br />153 fund balance in 2029 as follows: <br />154 <br />155 <br />156 <br />157 With the Finance Equipment fund, the deficit is relatively small and capital needs are not great, beyond <br />158 once every 10-15 years for financial software. With that in mind and knowing that the fund will carry a <br />159 positive balance in a few years, staff finds it acceptable to have this fund in deficit for the near term. <br />160 <br />161 <br />162 <br />163 <br />164 <br />165 <br />Page 7of 13 <br /> <br />
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