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2011 BUDGET
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BUDGET and ACFR__ANNUAL COMPREHENSIVE FINANCIAL RPTS (30.080 & 30.040A)
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2011 BUDGET
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Last modified
10/3/2022 3:02:48 PM
Creation date
3/8/2011 10:35:27 AM
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Template:
CITYWIDE
Doc Type
Budget City
Signed Date
11/1/2010
Cross-Reference
RES 2010-66, 67, 68
Record Series Code
30.080
Record Series Name
Budget Records
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• Eliminating grants to non - profit agencies. <br />• Eliminating the Shop Louisville program. <br />• Eliminating the Boulder County Youth Corps program. <br />ntergovernmen <br />g% <br />Licenses & P <br />S% <br />Other Taxes <br />11° <br />Charges for Services <br />12% <br />Budget Highlights <br />General Fund <br />Total General Fund revenue, excluding interfund transfers, is expected to remain relatively flat <br />from 2010 to 2011. Because of projected declines in property tax, sales tax, and charges for <br />services, the 2011 budget includes a $44,000 (0.3 %) reduction in total General Fund revenue <br />from 2010 to 2011. The following two pie charts illustrate the General Fund sources and uses <br />of funding. <br />General Fund Revenue Sources (excluding interfund transfers) <br />Interest & Other <br />4% <br />Property 7-axes <br />17% <br />Sales & Use Taxes <br />43 <br />Total General Fund expenditures for 2010, excluding interfund transfers, are projected to <br />decline by $140.000, or 1.1%, from 2009 actual expenditures. General Fund expenditures for <br />the 2011 budget, excluding interfund transfers and assuming a 3% "turnback ", are budgeted to <br />decline by an additional $210,000, or 1.6 %, when compared to 2010 estimates. The only <br />significant increases in the General Fund budget are the result of electricity costs going up <br />$55,000 (8 %) to $695,000 and an increase for employee medical insurance of $92,000 or 8.5 %. <br />In spite of these cost increases, total General Fund budgeted expenditures are over $400,000 <br />less than anticipated revenue (assuming 3% year -end turnback). The chart below reflects the <br />distribution of these expenditures into four broad categories. <br />4 <br />
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