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Louisville City Council Meeting <br />November 20, 2001 <br />Page 6 <br /> <br />years the Council designated $100,000 dollars each year for early debt reduction. <br />However, this year the Council opted not to do so, because of the other capital needs. She <br />explained that the transfer of the general and capital sales tax, which funds the open <br />space, would be discontinued after 2003, if that tax is not extended. <br /> <br />Brown stated that he supports those transfers to the open space funds because of the <br />limited opportunities. Brown stated his belief that the City's facilities should be utilized <br />to the maximum on those recreation programs that pay for themselves. <br /> <br />Sisk stated that although Mr. Olson had given him credit for expenditures for seniors, the <br />Mayor and City Council work as a team. Sisk stressed that the transportation matter is not <br />an issue with the Senior Board. He stated that the Senior Board is very pleased with the <br />efficient transportation, which has been provided. Sisk concurred with Councilman <br />Brown that the budget process has been ongoing for several months and has been <br />properly advertised. He stated that he would like to see some budget information placed <br />on the City's Web Page. <br /> <br />Sisk asked Ray to confirm the City of Louisville assets. Ray stated that the City of <br />Louisville has $123 million dollar in assets in 2001, and a year ago, it was $120 million. <br />She stated that the increase was due to the open space acquisitions. <br /> <br />Mayer commented that the Capital Projects are listed in the 5-year capital plan. In this <br />manner, the Council is reserving funds. He cautioned that there is not a commitment to <br />spend that much money. <br /> <br />Mayer addressed youth programs and stated that there is not a single recreation program <br />that recovers operational and facility costs. He stated that some of the programs may <br />cover operational costs, but the Recreation Center is extremely over utilized, thereby <br />presenting scheduling conflicts and prohibiting recovery of facility costs. He stated that <br />he has asked for a facility analysis to determine the feasibility of various requests that <br />citizens are making. <br /> <br />Mayer asked if there had been any notice on the City's Web Page relating to the work <br />sessions on the budget. Simmons stated that all Council meeting and work session <br />agendas are on the City's Web Page. <br /> <br />Mayer asked if the City's newsletter informs citizens of the budget process. Simmons <br />stated that he was not sure. Mayer stated that the City has an open process and notice is <br />given in various ways. He stated that he is always looking for ways to inform the public <br />of Council proceedings. <br /> <br />Mayer addressed the debt reduction issue and stated that Council wished to reduce the <br />City's debt. The City also desired to safeguard that in good sales tax years all revenues <br />derived were not spent, and in poor sales tax years, services to citizens are not cut. He <br /> <br />6 <br /> <br /> <br />