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COUNCIL COMMUNICATION <br /> <br />TO: MAYOR AND CITY COUNCIL <br /> <br />FROM: MALCOLM FLEMING, CITY MANAGER <br /> <br />DATE: MAY 1, 2012 <br /> <br />SUBJECT: RESOLUTION NO. __, SER IES 2012 – A RESOLUTION AMENDING <br />THE 2012 BUDGET BY AMENDING APPROPRIATIONS IN THE <br />GENERAL FUND, MCCASLIN INTE RCHANGE IMPROVEMENT FUND, <br />CONSERVATION TRUST – LAND ACQUISITION FUND, <br />CONSERVATION TRUST – LOTTERY FUND, HISTORIC <br />PRESERVATION FUND, CAPITAL PROJECTS FUND, IMPACT FEE <br />FUND, LIBRARY CONSTRUCTION F UND, WATER UTILITY FUND, <br />WASTEWATER UTILITY FUND, STORM WATER UTILITY FUND, GOLF <br />COURSE FUND, BUILDING MAINTENANCE FUND, AND <br />TECHNOLOGY MANAGEMENT F UND FOR CARRY FORWARD OF <br />APPROPRIATIONS AND ADDITIONAL EXPENDITURES WITHIN SUCH <br />FUNDS AND ADJUSTING BUDGETED REVENUE IN THE GENERAL <br />FUND, CONSERVATION TRUST – LAND ACQUISITION FUND, <br />HISTORIC PRESERVATION FUND, AND CAPITAL PROJECTS FUND, – <br />PUBLIC HEARING <br /> <br />SUMMARY: <br /> <br />The attached resolution proposes a series of amendments to the Cit y of Louisville’s 2012 <br />Operating & Capital Budget. Thes e proposed amendments are requested: <br />1. To carry-forward appropriations from 2011 to 2012 for projects t hat were approved for <br />2011 but not completed in 2011. In other words, the unspent budgets for projects not <br />completed in 2011 are proposed to be added to the current 2012 budget. Total carry- <br />forward = +$1,799,210. <br />2. To formally adopt other adjustments to the current 2012 budget. These adjustments are <br />for items that were not anticipated, or were not measureable, at the time the original <br />2012 budget was adopted. Many of these items have been previously discussed by <br />Council and/or City Manager but have not been formally incorporated into the City’s <br />2012 budget. Total other adjustments = +$1,626,230. <br />3. To adjust the revenue budget to new reven ue estimates or for new revenue sources that <br />were not anticipated, or were not measureable, at the ti me the original 2012 budget was <br />adopted. Total revenue adjustments = +$837,250. <br /> <br />A public hearing is required to amend the budget. Notice of p ublic hearing was published as <br />required by law. <br /> <br />SUBJECT AGENDA ITEM <br />RESOLUTION NO. __, SERIES 2012 <br />A RESOLUTION AMENDING THE 2012 <br />BUDGET <br /> <br />This is a preliminary draft of the agenda <br />documentation for the budget <br />amendment scheduled for the May 1, <br />2012 Council Meeting. Attached to this <br />Council Communication are the line item <br />detail appendices to the resolution. This <br />is being presented to the Finance <br />Committee for preliminary review and <br />comment. No action is required. <br />15