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2010 — 2019 Financial Plan <br />To prevent a deficit from occurring, the City must; divest some city assets, defer asset <br />replacements, or increase user fees. If the City chooses to rely solely on increased user fees; <br />water and sewer rates will need to increase by 3-5% annually over the next 10 years. This is <br />above and beyond any increase that will be needed to offset increasing operational costs. Green <br />fees at the Golf Course will need to increase by 4.5% annually to afford planned infrastructure <br />improvements. These user fee increases can be somewhat mitigated if the City defers some <br />capital replacements. However, this will likely necessitate greater investment in asset <br />maintenance. <br />With the user fee increases, and following the asset replacement schedules identified in the CIP, <br />the cash reserves in the City's enterprise funds dedicated for capital needs will be as follows: <br />H <br />% <br />0 <br />� <br />� <br />$6 <br />$5 <br />$4 <br />$3 <br />$2 <br />$1 <br />$- <br />City of Roseville Enterprise Funds <br />Cash Reserves - Capital (Revised) <br />�ti <br />2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 <br />� Cash Reserves <br />Financial Im�act <br />Sased on the projections noted above, the following table depicts the annual water, sanitary <br />sewer, storm sewer, and recycling charges for a typical household: <br />$ 519 I 555 <br />Annual Household Utilit Bill <br />1 1 1� 1 1� <br />593 634 677 724 774 828 <br />::� '�: '� 1 <br />As shown in the above table, over the next 10 years a typical household will incur an average <br />increase of $49 or 9.5% annually on their utility bill. Green fees at the golf course will need to <br />increase 7.5% per year. Again, these increases can be mitigated somewhat if the City defers the <br />replacement of some capital assets beyond 10 years. <br />�7 <br />