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2024 CITY OF LOUISVILLE BUDGET
<br />L
<br />The City of Louisville encourages all residents to know your government's budget and see how your tax dollars
<br />work! This document provides information on annual City revenues, expenditures and new investments while
<br />showing how the City invests its resources to improve the lives of residents.
<br />2024 REVENUE SOURCES AND TRENDS
<br />• Property Tax
<br />• Sales & Use Taxes
<br />• Other Taxes
<br />• Licenses & Permits
<br />• Intergovernmental Revenue
<br />• Charges for Services
<br />Other
<br />REVENUE TRENDS
<br />The City is in good fiscal health. The General Fund reserve is projected to be above a
<br />target of 25% of operational expenditures through 2028. The minimum unrestricted
<br />fund balance is set at 15% of current operating expenditures.
<br />Sales & use taxes account for
<br />40% of citywide revenues.
<br />The municipal tax rate is 3.65%.
<br />Charges for Services includes
<br />water, wastewater, recreation,
<br />and solid waste fees
<br />2024 BUDGETED EXPENDITURES BY PROGRAM
<br />• Administration & Support Services
<br />• Community Design
<br />• Public Safety & Justice
<br />• Transportation
<br />• Utilities
<br />• Parks
<br />Open Space & Trails
<br />Recreation
<br />Cultural Services
<br />Economic Prosperity
<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 several
<br />years. The planning period for the City's CIP is 6 years. The expenditures for the first
<br />year of the program are incorporated into the current year's budget.
<br />The City will invest $38 MILLION in 2024 capital projects.
<br />Total Revenues
<br />2024 Adopted
<br />Sales & Use Tax
<br />Charges for Services
<br />Property Tax
<br />Interfund Transfers
<br />Intergovernmental
<br />Revenue
<br />Other Taxes
<br />Miscellaneous
<br />Revenue
<br />Fines & Forfeitures
<br />Total Revenue
<br />$29,596,070
<br />$23,812,960
<br />$8,179,095
<br />$3,094,630
<br />$9,302,697
<br />$1,948,970
<br />$1,276,810
<br />$77,000
<br />$77,288,232
<br />*Revenues exclude anticipated disaster reimbursement &
<br />other funding.
<br />To view full budget documents,
<br />visit LouisvilleCO.gov/Budget
<br />Total Expenditures 2024 Adopted
<br />Utilities
<br />Transportation
<br />Public Safety &
<br />Justice
<br />Administration &
<br />Support Services
<br />Recreation
<br />Parks
<br />Cultural Services
<br />Community Design
<br />Open Space & Trails
<br />Economic Prosperity
<br />Total Expenditures
<br />$25,490,870
<br />$13,985,543
<br />$8,689,065
<br />$15,632,722
<br />$9,362,459
<br />$5,084,237
<br />$3,252,074
<br />$3,295,171
<br />$1,421,142
<br />$411,127
<br />$86,624,410
<br />*Expenditures by Program exclude interfund transfers, debt
<br />service, internal service fund expenditures, and certain central
<br />fund -wide charges.
<br />Page 4 • Spring 2024
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