City Council Minutes 2011 05 17 - Laserfiche WebLink

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City Council Meeting Minutes May 17, 2011 Page 5 of 7 Zarini House 1109 Lafarge Avenue built circa 1909 2010 Residential Landmark Barbara Butterworth Zarini -Ross House 501 South Street built circa 1905 Mayor Sisk applauded the recipients of the Landmark awards and thanked them for their foresight in preserving their properties. RESOLUTION No. 28, SERIES 2011 A RESOLUTION AMENDING THE 2011 BUDGET BY AMENDING APPROPRIATIONS IN THE GENERAL FUND, NORTHWEST PARKWAY FUND, MCCASLIN INTERCHANGE IMPROVEMENT FUND, CONSERVATION TRUST LAND ACQUISITION FUND, CONSERVATION TRUST- LOTTERY FUND, CAPITAL PROJECTS FUND, LIBRARY CONSTRUCTION FUND, WATER UTILITY FUND, WASTEWATER UTILITY FUND, STORM WATER UTILITY FUND, GOLF COURSE FUND, BUILDING MAINTENANCE FUND, AND TECHNOLOGY MANAGEMENT FUND FOR CARRY FORWARD OF APPROPRIATIONS AND ADDITIONAL EXPENDITURES WITHIN SUCH FUNDS AND ADJUSTING BUDGETED REVENUE IN THE GENERAL FUND, NORTHWEST PARKWAY FUND, CONSERVATION TRUST LAND ACQUISITION FUND, HISTORIC PRESERVATION FUND, CAPITAL PROJECTS FUND, AND GOLF COURSE FUND Public Hearing (advertised Daily Camera 5/13/11) Mayor Sisk requested a Staff presentation. Finance Director Watson explained Resolution No. 28, Series 2011 proposes a series of amendments to the City of Louisville's 2011 Operating Capital Budget. He outlined the proposed amendments as follows: 1. To carry- forward appropriations from 2010 to 2011 for projects approved for 2010 but not completed in 2010. In other words, the unspent budgets for projects appropriated, but not completed, in 2010 are proposed to be added to the current 2011 budget. Total carry- forward +$1,094,270 2. To formally adopt other adjustments to the current 2011 appropriations. These adjustments are for items that were not anticipated, or were not measureable, at the time the original 2011 budget was adopted. Many of these items have been previously discussed by Council and /or City Manager but have not been formally incorporated into the City's 2011 budget. Total other adjustments +$1,610,560 3. To adjust the revenue budget to new revenue estimates or for new revenue sources not anticipated, or were not measureable, at the time the original 2011 budget was adopted. Total revenue adjustments +$1,564,830 MOTION: Councilor Dalton moved to approve Resolution No. 28, Series 2011, seconded by Mayor Pro Tem Marsella. Roll call vote was taken. The motion carried by a vote of 7 -0.