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CCP 09262022
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CCP 09262022
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9/23/2022 2:59:40 PM
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Roseville City Council
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Council Agenda/Packets
Meeting Date
9/26/2022
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Attachment E <br />168 Investment in Infrastructure <br />169 Police Vehicle Equipment Fund ($200,000 of new tax levy) <br />170 As part of building tax levy support to pay for the addition of 6 firefighters funded by the SAFER <br />171 grant in 2021, $200,000 of new tax levy support was included in the 2022 budget and directed to <br />172 the Police Vehicle and Equipment Fund to stabilize the long-term funding for identified capital <br />173 needs for the Police Department. In continuation of that plan, an additional $200,000 of new tax <br />174 levy for the Police Vehicle and Equipment Fund is being included in the 2023 budget. As a result, <br />175 the Police Vehicle and Equipment Fund will have sufficient funding through 2035. Starting in <br />176 2024, the $400,000 of levy support going into the Police Vehicle and Equipment Fund will be <br />177 transferred to the operating budget to pay for the 6 grant-funded firefighters. <br />178 <br />179 Admin Equipment Fund ($10,000 of new tax levy) <br />180 A small adjustment with the addition of $10,000 of new tax levy to the Administration Equipment <br />181 Fund is included in the 2023 budget. This addition will provide sufficient funding for the fund for <br />182 the next 20 years. <br />183 <br />184 Finance Equipment Fund ($10,000 of new tax levy) <br />185 A small adjustment with the addition of $10,000 of new tax levy to the Finance Equipment Fund <br />186 is included in the 2023 budget. As the deficit is small and the fund’s capital needs are not great, <br />187 beyond the need for new financial software every 10-15 years, staff finds it acceptable tohave the <br />188 fund in a deficit in the near term. With the addition of $10,000 of tax levy, the Finance Equipment <br />189 Fund will have a positive balance by 2029. <br />190 <br />191 IT Fund (Reduction of $100,000 of the existing tax levy) <br />192 An analysis of the IT Fund demonstrated that the tax levy support can be reduced by $100,000 in <br />193 order to offset other needed tax levy increases. Even with this reduction, there will be sufficient <br />194 balances to pay for the planned capital expenditures for the next 20 years. <br />195 <br />196 Central Services Fund (Reduction of $10,000 of the existing tax levy) <br />197 An analysis of the Central Services Fund demonstrated that the tax levy support can be reduced by <br />198 $10,000 in order to offset other needed tax levy increases. Even with this reduction, there will be <br />199 sufficient balances to pay for the planned capital expenditures for the next 20 years. <br />200 <br />201 Total new levy costs for investing in city capital infrastructure funds in City Manager’s proposed <br />202 2023budget: <br />203 <br />Investment in Infrastructure <br />New Tax Levy Support <br />Capital Improvement Program Funds <br />Police Vehicle Equipment Fund $ 200,000 <br />Admin Equipment Fund $ 10,000 <br />Finance Equipment Fund $ 10,000 <br />IT Fund $ (100,000) <br />Central Services Fund $ (10,000) <br />Total New Tax Levy Support$ 110,000 <br />204 <br /> <br />
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