City Council Agenda and Packet 2007 09 25 SP

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SUBJECT: Proposed 2008 Budget DATE: September 25, 2008 • Increase Library Budget by $22,500 to acquire more Adult and Children's books • Add approximately $20,000 in the CJeneral Fund for an Operations Tech position in Street Operations starting in July of 2008 to keep up with maintenance needs • Add $16,000 in the General Fund fora 1/2 time Planner I position (no benefits) to assist with the workload in the Planning Department • Increase Library Temporary Salaries by $11,500 to improve staffing during operating hours • Add $7,500 to the Police Department budget for new radar equipment • Increase Arts/Cultural budget by $3,600 to bring back Concerts-in-the-Park Capital Projects Fund • Projected revenues increase to $:5.0 million (up from $3.5 million in 2007) primarily because anticipated grants for transportation proj ects of $1.4 million • Increase Capital Projects spending to $6.5 million (up from $3.76 Million in 2007) to complete major transportation projects such a~~s Dillon Rd. ($2.7 Million in 08 with another $900,000 in 09) and South Boulder Rd. ($1.2 Million in 08 and $950,000 in 09) • Increase street reconstruction from $750,000 in 2007 to $1,000,000 in 08 Conservation Trust Fund • Projected revenues increase from $1.,148,666 in 07 budget to $1,340,000 in 08 • Operating expenses up by approximately $345,000 primarily because of the transfer of personnel from Land Management operations in the General Fund to Land Management operation in Conservation Trust Fund to more accurately reflect parks and open space related activities and expenses • Capital projects expenses increase to $303,100 in 08 from $226,000 in 07 for various projects (not including any specific land acquisitions) • Fund balance is projected to continue to increase over budget in 08 and into 09 even with the added operating expenses Lottery Fund: • Proposed expenditures are down from $392,000 in 07 to $261,150 in 08 although we will still complete several significant projects in 08, including park landscape improvements and playground equipment renovations Water/Wastewater & Storm water Funds: Reduce total Water Fund expenses from $5,643,211 in 07 to $5,396,874 in 08 primarily due to lower capital expenditure. The cost of operations continues to increase with a $2,793,974 proposed budget in 08 comparedi to $2,478,157 budgeted in 07. This increase reflects the proposed addition of 1.5 FTEs operation Tech I positions to help keep up with maintenance responsibilities and anticipated increases in water treatment expenses Wastewater fund expenses are proposed at $1,304,000 in 2008 compared to $1,189,000 budgeted in 2007 reflecting higher salaries and energy costs