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City,/
<br />I Louisville
<br />COLORADO - SINCE 1878
<br />2023 Budget
<br />The City of Louisville encourages all residents to know your government's budget and see how your tax
<br />dollars work! This document provides information on annual City revenues, expenditures and new
<br />investments while showing how the City invests its resources to improve the lives of residents.
<br />2023 Revenue Sources and Trends
<br />Sales & Use Tax, 39.5%
<br />• Charges for Services, 30%
<br />• Property Tax, 8%
<br />Interfund Transfers, 9%
<br />Intergovernmental Revenue, 9%
<br />• Other Taxes, 3%
<br />• Licenses and Permits, 1%
<br />• Other, .5%
<br />Revenue Trends
<br />The City is in good fiscal health. The General Fund reserve is projected to be
<br />above a target of 25% of operational expenditures through 2028. The minimum
<br />unrestricted fund balance is set at 15% of current operating expenditures.
<br />0 Sales & Use Tax accounts
<br />for 39.5% of City-wide
<br />Revenues. The municipal
<br />tax rate is 3.65%
<br />Charges for Services
<br />007.7.
<br />include: water,
<br />wastewater, recreation,
<br />0 and solid waste fees
<br />Total Revenues 2023 Adopted
<br />Sales & Use Tax
<br />$2 ,
<br />1.1111
<br />Charges for Services $21,076,610
<br />Property Tax $5,674,080
<br />Interfund Transfers $6,198,300
<br />Intergovernmental
<br />Revenue
<br />$6,230,500
<br />Other Taxes $1,983,150
<br />Miscellaneous Revenue $699,732
<br />Fines & Forfeitures $66,470
<br />i
<br />otal Revenue $69,696,782
<br />*Revenues exclude anticipated disaster reimbursement & other funding
<br />2023 Budgeted Expenditures By Program
<br />Total Expenditures 'n23 Adopted
<br />Utilities $21,175,000
<br />Transportation
<br />$16,125,580
<br />Public Safety & Justice $7,715,380
<br />Administration & Support
<br />Services
<br />Recreation
<br />Parks
<br />$10,812,370
<br />$9,112,300
<br />$4,274,680
<br />Cultural Services $2,878,450
<br />Community Design
<br />Open Space & Trails
<br />Economic Prosperity
<br />$2,964,980
<br />$1,191,010
<br />$402,750
<br />Total Expenditur $76,652,50
<br />*Expenditures by Program exclude interfund transfers, debt service,
<br />internal service fund expenditures and certain central fund -wide charges
<br />• Utilities, 28%
<br />Transportation, 21%
<br />• Public Safety & Justice, 9%
<br />• Administration & Support Services, 14%
<br />• Recreation, 12%
<br />• Parks, 6%
<br />• Cultural Services, 4%
<br />• Community Design, 4%
<br />• Open Space & Trails, 1.5%
<br />• Economic Prosperity, .5%
<br />Capital Improvement Program (CIP)
<br />The City's CIP includes expenditures for buildings, land, parks, water and sewer
<br />plants, and other commodities of a significant value that have a useful life of
<br />several years. The planning period for the City's CIP is 6 years. The expenditures
<br />for the first year of the program are incorporated into the current year's budget.
<br />The City will invest $30 million in 2023 capital projects including:
<br />AAnnual Resurfacing
<br />Program
<br />CO-42 Corridor
<br />Enhancements
<br />To view the full version of the 2023 budget, visit LouisvilleCO.gov/Budget
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