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Resolution No.19 Series 1997 A RESOLUTION CHANGING THE FINANCIAL POLICIES FOR THE CITY OF LOUISVILLE WHEREAS, the Council adopted the financial policies for the City of Louisville by Resolution No. 19, Series 1984; and WHEREAS, the need exists to update and change the financial policies; NOW, THEREFORE, the City Council of the City of Louisville, Colorado hereby resolves, that the City of Louisville Financial Policies shall be changed as follows: Revenue Policies Policy 15 The City of Louisville will set fees for recreational services, at a level to support fifty pt:;u;t:;llL (50%) seventy-five percent (75%) of the direct and indirect costs of children programs, and at a level to support one hundred percent (100%) of the direct and indirect costs of adult programs. Non-resident recreation participants will pay LIlt:; It:;~ulcu plU~ICUll ft:;t:;l:> plUl:> dll dJJiLivlldl ildL ft:;t:; vf fivt:; Jvlldll:> ($5:eet a minimum of 25% higher than that for residents for programs and facility admissions. Program growth requirements will follow the Louisville Recreation Policy Statement, with revenue corresponding to these levels. Operating Budget Policies Policy 24 The City will pay for all current expenditures with current revenues. The City's General Fund budget will not be balanced through the use of transfers from other funds, appropriations from fund_balances or growth revenue l:>Ul:t dl:> l:>t:;lvil:t:; t:;xpdlll:>ivll ft:;t:;l:>. Illlvlt:;lllt:;ll Ld Liv 11 1. IL il:> LIlt:; CiLy'l:> illLt:;llL Lv t:;lilllilldLt:; LIlt:; ~t:;llt:;ldl fUllJ l:>t:;1.vil:t:; t:;xpdlll:>ivll ft:;t:; 1y Ltt:; 1989 1uJ~d. 2. DU1.ill~ Lllil:> pt:;1.ivd llU lllULt:; Ltdll $.55/l:>y,. fL. Of LIlt:; l:>t:;1.vil:t:; t:;xpdlll:>iull ft:;t:; l:>tdll bt:; buJ~dt:;J ill LIlt:; ~t:;llt:;1.dl fUllJ. J. wtt:;ll l:dll:uldLill~ LIlt:; dllllUdl ~t:;llt:;1.dl [UllJ 1.t:;vt:;llut:; 1uJ~t:;L Ltt:; l:>t:;1.vil:t:; t:;xpdlll:>iUll [t:;t:; wJI 1t:; l:dtuldLt:;J Idl:>L. 01lly LIlt:; dlllUUllL llt:;l:t:;l:>l:>d1.Y Lu l:uvt:;1. ~t:;llt:;1.dl [UllJ t:;xpt:;llJiLu1.t:;l:> wJI bt:; buJ~dt:;J up Lu LIlt:; llldXilllUlll U[ .55/l:>y,. [L.