City Council Minutes 2012 05 15 - Laserfiche WebLink

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City Council Meeting Minutes May 15, 2012 Page 8of11 protected. He stated the Council must encourage citizens to learn to conserve water without changing their lifestyle. Mayor Muckle commended Mayor Pro Tern Dalton, who is the Chairman of the Water Committee, for his work. RESOLUTION No. 32 , SERIES 2012 — A RESOLUTION AMENDING THE 2012 BUDGET BY AMENDING APPROPRIATIONS IN THE GENERAL FUND, MCCASLIN INTERCHANGE IMPROVEMENT FUND, CONSERVATION TRUST— LAND ACQUISITION FUND, CONSERVATION TRUST— LOTTERY FUND, HISTORIC PRESERVATION FUND, CAPITAL PROJECTS FUND, IMPACT FEE FUND, LIBRARY CONSTRUCTION FUND, WATER UTILITY FUND, WASTEWATER 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 CONSERVATION TRUST— LAND ACQUISITION FUND, HISTORIC PRESERVATION FUND, AND CAPITAL PROJECTS FUND— Public Hearing Mayor Muckle requested a staff presentation. Finance Director Watson explained Resolution No. 32, Series 2012 proposes a series of amendments to the City of Louisville's 2012 Operating & Capital Budget. These amendments are separated into three categories: Funds carried forward; adjustments to the current 2012 budget and adjustments to the revenue budget for new revenue sources not anticipated. Those amendments are as follows: 1. To carry-forward appropriations from 2011 to 2012 for projects that were approved for 2011 but not completed in 2011. In other words, the unspent budgets for projects not completed in 2011 are proposed to be added to the current 2012 budget. Total carry forward = +$1,981,910. 2. To formally adopt other adjustments to the current 2012 budget. These adjustments are for items that were not anticipated, or were not measureable, at the time the original 2012 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 2012 budget. Total other adjustments = +$2,052,670. 3. To adjust the revenue budget to new revenue estimates or for new revenue sources that were not anticipated, or were not measureable, at the time the original 2012 budget was adopted. Total revenue adjustments = +$1,639,080. MOTION: Council member Keany moved to approve Resolution No. 32, Series 2012, seconded by Council member Sackett. Roll call vote was taken. The motion carried by a vote of 7-0.