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r-r ~~~ ~~ I 'd'oe Honorable Mayor Klausizlg & Roseville City Council ~'~omo Bill Malulen, City Manager ~atce August 20, 2007 ~co 2008 City Manager Recommended Budget e - -: - _ - _ _ --- - --- - - ~---- _ - - ------ -- -- Mayor I~.lausing & City Council: Enclosed is my recolnrnended budget for Fiscal Year 2008. This budget has been prepared following requests by departments for proper funding of operations and capital outlay, and reflects staff's understanding of City Council and colnlnunity priorities, based upon the Imagine Roseville 2025 visioning process. The process for preparation of the budget follows City Council action to review and adopt financial and budgetary policies and the establishment of a calendar to guide budget preparation and review process. Based upon those guiding principles, the budget attempts to achieve a number of goals, and they are addressed in priority of importance, consistent with the goals and strategies of t11e visioning process: 1) Malce progress towards compliance of all Council-adopted fiscal and budget policies 2) Strengthen the City's asset replacement funding mechanisms 3) Appropriate monies for safety-related and OSHA-required equipment purchases 4) Ensure the preservation of current programs and services at existing levels 5) Imagine Roseville 2025 Initiatives Each of these budget priorities is explained in greater detail below. Bear in mind that this focuses only on the City's propel-ty tax-supported pro 1g •arns. We have identified the approximate tax impact from each of these budget issues. It is expected that all fee-based or user charge- based programs will be sufficiently funded with fee or rate increases. Compliance with Council-.Adopted Fiscal and budget Policies Earlier this year, the City Council adopted a number of fiscal and budget policies. At the time, it was noted that the City had 11ot fully adhered to these policies in the past. The 2008 Reconunended Budget begins a 5-year plan to achieve full compliance. This includes not only the recommendation for a structurally balanced budget, but also added emphasis on strengthening the City's cash reserves in the City's core operating funds.