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� <br />��� �P � �`�t ^� 5 '� ���E '"5 �.`"'i �S , � ?a R <br />�p: °i �� '�x z.k�-�" 4f,....� . - -,� .q,. <br />i � i [ <br />s �`'� �`'`� .� �` l�. 1� � ,/ � a' a� ...1 <br />�.aa <br />"� ;{ r., r , _ „�z <br />'�`v: �ono�•a�le �ayor K1a�sitlg & Rosevi]�e City Cotu�cil <br />F��s�e BiII Ma�inen, City Manager <br />D���c Augus� 20, 2007 <br />�d.�: 2008 City Ma��ager RecQmine��ded Budget <br />Mayox Kla�sii�g & City Cau��ci1: <br />Enclnsed is zny recomanriei�ded budget fo�• Fiscal Year 2008. T1�is budget l�as been prepar°ed <br />�'al�p�i��g x�Ru�sts by c�epaa-�aaei�ts fa� �rQper iunding a£ aperal:zoz�s ar�d capxtal nutlay, az�d <br />reflects staff's ui�ders�a��din� df Cii� Cou�acil and cammu��ity �riorilies, based upon tl�e I�nagin� <br />�oseville 2025 visiotzi��g process. <br />TI�e process far pre�aration o:f tlie �udgefi fallow� City Cou��ciZ actza�i to revzew ar�d adapt <br />�'inancia� ar�d budgetary polzcies ��d the e�tablish��nent o�' a caIe�adar �o g�zde budg�t pxe�aaratio�a <br />and revieva proc�ss. Sased upon those �uidiilg pz�ncip�es, tk�e budget attempts to ac�zieve a <br />nu�ber o�` goals, and they are addressed i�� �riority of im�orta��ce, coiisis�ent with t�Ze goals and <br />strate�ies of �he visio�aizag �rocess: <br />1) Maic� progxess towaz-ds co��pliance o�all Counex�-adopted fiscal an�. budgef palicies <br />2) �t'i-engtI�en t��e Ci�y's asset replaceznent fi�ndis�g rr��cha�3isins <br />3) Appropriate monzes for safety-related and O��-3A-rec��ired equi�i�ez�tt purchases <br />4) Ensure filze p��servation ofi current �rn�raza�s a��d se�•vices at exzsting levels <br />S) T�agi�ae Rosevi�le 2025 Iniiiativ�s <br />Each Qf these budget priorzties zs ex�lained iz� g�•eatex detail below. $ear in i�ind t%at i1�i� <br />focuses aza�y an t1�e Cz�y's �zoperty tax-sup�aarter� progra�as. W� ��at�e identi�'ied th� a�pzaxizr�.ate <br />tax i�zapact �'ratn each o� t�ese budgei issu�s. Y�; is �xpectec� ihat a�l fee-based or user cllarge- <br />based progra��s will be sufficie�.tly �unded wi�� fee ox rate izacreases. <br />�om��iance wit�� Co�€nciI-t�.da�ted �"is��� a�d Budget Palic�es <br />EarIier this year, t11� City Couz�ci� ado��ed a nu�nbe�• o� f scat arzd budget �o�icies. At �he tiine, it <br />was noted t�at the Ci�,y l�ad i�ot �uily adhered to �hese policies in the past. Th� 2008 <br />Recoiz��nended Bud�et begins a S-year �lan to ac�ieve full cpr�apZzaa�ce. This i��eludes not oniy <br />�he recai�mez�datian for a str�cturally balazaced budget, but alsp add�d emphaszs on <br />stre��gtli�nizx� th� Ciiy's cash reser�v�s zn the City°s eore a�eratizag funds. <br />