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For 2011, it is projected that charges for services revenue will be $965,000; an increase of $10,000 from 2010. The increase will be distributed as internal charges to various funds that receive General Fund administrative services. Interest Earnin�s Interest earnings represent investment earnings on cash reserves held in the City's investment portfolio. Earnings are expected to decline in 2011 due to market conditions and a smaller investment portfolio. For 2011, it is projected that interest earnings will be $50,000; a decrease of $150,000 from 2010. Miscellaneous Miscellaneous revenues include one-time monies such as special police enforcement grant monies, and public works right-of-way fees. For 2011, it is projected that miscellaneous revenues will be $105,000; a decrease of $50,000 from 2010. 20ll Preliminary Parks & Recreation Fund Revenue Forecast For budgeting purposes, revenues in the City's Parks & Recreation Fund are categorized as follows: •'• Property taxes . � ❖ Charges for Services � ❖ Interest Earnings � Additional detail for each revenue category is presented below. � Propertv Taxes � As noted above, for 2011 the City will remain under state mandated level limits which will somewhat � inhibit our ability to raise property taxes. The City has approximately $500,000 in available levy capacity � (citywide) excluding any special levies that are exempt from levy limits. For 2011, the City will have an � expiring debt levy in the amount of $490,000 that was earmarked for a street improvement project. This � will somewhat alleviate property tax increases for other purposes. � Char�es for Services � Charges for services include program registration fees. The amount expected for 2011 will be dependent � on the number of registrations and fee amounts. However, inasmuch as these fees can only be used to � support the direct and indirect costs of the programs themselves, a forecast is not presented at this time. � Program costs will be commensurate with expected program revenues. � Interest Earnin�s � Interest earnings represent investment earnings on cash reserves held in the City's investment portfolio. � Earnings are expected to decline in 2011 due to market conditions and a smaller investment portfolio. � For 2011, it is projected that interest earnings will be $6,500; the same amount budgeted for in 2010. � 2011 Budget Impacts � City Staff are in the process of formulating preliminary 2011 budgets. However, we do not expect to � finalize a recommended budget until the Council provides general direction on budget priorities and � spending targets. Page 3 of 4