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LCity,/ <br />Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM <br />SUBJECT: SECOND AMENDMENT TO THE CITY'S 2025 BUDGET <br />i. RESOLUTION NO. _, SERIES 2025 — A RESOLUTION <br />AMENDING THE 2025 BUDGET BY AMENDING <br />APPROPRIATIONS IN THE GENERAL FUND, PARKING <br />IMPROVEMENT FUND, HISTORIC PRESERVATION FUND, <br />CAPITAL PROJECTS FUND, WATER UTILITY FUND, <br />WASTEWATER UTILITY FUND, STORM WATER UTILITY <br />FUND, AND GOLF COURSE FUND AND ADJUSTING <br />BUDGETED REVENUE IN THE GENERAL FUND, PARKING <br />IMPROVEMENT FUND, AND GOLF COURSE FUND <br />DATE: OCTOBER 21, 2025 <br />PRESENTED BY: RYDER BAILEY, CPA, FINANCE DIRECTOR <br />MAHYAR MANSURABADI, FINANCIAL ANALYST <br />SUMMARY: <br />Staff is seeking the Council's approval of the Second Amendment to the 2025 City Budget <br />necessary to complete Capital projects and Department Operational functions and goals. <br />BACKGROUND: <br />This information was presented and recommended for approval by the City Finance <br />Committee on October 16. Attached to this communication are Appendices (A-C) to the <br />proposed Resolution. The amendment contains three general sections/purposes, which <br />can be summarized as previously approved Council Capital and Operational Adjustments <br />since the 2025 Budget Adoption and Last Budget Amendment, City Staff recommended <br />appropriation adjustments, and Adjustments to City Sources/Revenue, all of which <br />correspond to the following appendices: <br />A. Adopt previous Council -approved operational and capital appropriation adjustments <br />to the 2025 expenditure budget for items that were approved since the last budget <br />amendment on May 20th. The total amount of this portion of the expenditure <br />amendment, broken out by fund is as follows; <br />a. Fund 101 — General Fund - $2,225,000 <br />b. Fund 207 — Historical Preservation - $1,400,000 <br />c. Fund 301 — Capital - $957,407 <br />d. Fund 501 — Utilities/Water - $432,477 <br />e. Fund 502 — Utilities/Wastewater - $119,803 <br />f. Fund 503 — Utilities/Storm - $12,594 <br />Total - $5,147,281 <br />CITY COUNCIL COMMUNICATION <br />45/73 <br />