City Council Minutes 2006 10 17 - Laserfiche WebLink

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City Council Meeting Minutes October 17, 2006 Page 6 of 12 Public Access - PEG $0 $20,000 $20,000 Fu nds - CCTV Total $92,950 No expenditures had been appropriated in this fund in 2006 when the fund was established. The required expenditures from the City of Louisville in 2006 are $12,950. These expenditures would be funded using the Com cast technical grant of $50,000. In addition, of the $80,000 received in PEG funds, $60,000 will be used for City of Louisville capital improvements and $20,000 for CCTV54 capital improvements. This 75% - 25% split of the PEG funds was approved by City Council at the September 19, 2006 City Council Meeting. Staff recommended approval of Resolution 47, Series 2006 amending the 2006 budget by increasing appropriations in the Special Revenue Fund - Public Access Television for the City of Louisville. Mayor Sisk requested public comment. There were no comments. COUNCIL COMMENT MOTION: Council member Marsella moved to approve Resolution No. 47, Series 2006, amending the 2006 budget by increasing appropriations in the Special Revenue Fund - Public Access Television for the City of Louisville. Seconded by Council member Muckle. Roll call vote was taken. The motion carried by a vote of 6-1. Council Member Brown voting no. 2007 BUDGET - SUBMISSION OF PROPOSED 2007 BUDGET BY CITY MANAGER City Manager Simmons reviewed the budgeting process and the challenges facing the City of Louisville during this process. He presented the Proposed 2007 Operating & Capital Budget. Simmons asked Finance Director Patty Leslie to review more of the details of the proposed 2007 Budget. . 2007 General Fund 0 It is expected revenues will exceed expenses in 2007 by approximately $479. Revenues in the general fund are expected to decline from 2006 budgeted revenues by 2.3% or by ($310,297). This is due to: . A declining trend in sales tax revenues is expected to continue into the year 2007. . A decline in use tax due to lower sales of automobiles. . A decline in charges for services due to lower fees collected on adult activity - fitness/wellness programs.