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I U City of <br />ims Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL <br />COMMUNICATION <br />ITEM 2 <br />SUBJECT: CITY COUNCIL 2026 BUDGET RETREAT <br />DATE: JULY 23, 2025 <br />PRESENTED BY: DIANA LANGLEY, CITY MANAGER <br />SAMMA FOX, DEPUTY CITY MANAGER <br />RYDER BAILEY, CPA, FINANCE DIRECTOR <br />MAHYAR MANSURABADI, FINANCIAL ANALYST <br />SUMMARY: <br />The Budget Retreat is an early component of the budget process and an opportunity to <br />engage with Council to shape the budget and set priorities. <br />The 2026 Budget is a supplemental budget for the 2025-2026 Biennial Budget. Please <br />refer to the 2025-2026 Biennial Budget Document here / link. <br />BACKGROUND: <br />The formulation of the City's Budget is one of the most important financial activities that <br />the City of Louisville undertakes annually. The budget process provides a comprehensive <br />plan to deliver efficient services to residents and stakeholders of the City in a manner that <br />aligns resources with the policies, goals, mission, and vision of the City. <br />The following items are anticipated to be discussed during the Retreat: <br />• Budget Calendar Summary and Progress <br />• Review of Relevant City Financial Policies <br />• Budget Guidelines and Guiding Principles <br />• City Manager and City Council Priorities <br />• Other Jurisdictions Update <br />• Preliminary Revenue Estimates and Assumptions <br />• Preliminary Expenditure Estimates and Assumptions <br />• Summary of Operational Expansions and Capital Requests <br />• Summary of Position/Personnel Requests and Adjustments <br />• Summary of Service Level Reductions <br />• Preliminary Long -Term Fund Financial Forecasts for Major City Funds <br />• Fiscal and Policy Issues with Significant Impacts <br />• (Appendix I) Revisiting the 2025 Budget Process and Outcomes <br />• (Appendix II) Revisiting the 2025 -2030 Capital Improvement Plan <br />• (Appendix III) Background and Overview of City Funds <br />CITY COUNCIL COMMUNICATION <br />