City Council Minutes 2013 05 21 - Laserfiche WebLink

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City Council Meeting Minutes May 21, 2013 Page 10 of 19 project into 2013. In other words, staff asks for the unspent budgets for projects not completed in 2012 to be added to the current 2013 budget. Total carry- forward = +$1,552,910 2. Formally adopt other adjustments to the current 2013 budget. These adjustments are for items that staff did not anticipate, or were not measureable, at the time Council adopted the original 2013 budget. Staff has discussed many of these items previously with the Council, but they have not been formally incorporated into the City's 2013 budget. Total other adjustments = +$845,210. 3. Adjust the revenue budget to new revenue estimates or for new revenue sources that staff did not anticipate, or were not measureable, at the time Council adopted the original 2013 budget. Total revenue adjustments = +$826,960. Fiscal Impact: The Finance Department has updated revenue, expenditure, and fund balance estimates for all funds based on the proposed budget adjustments. Staff recommended the City Council conduct a public hearing and approve Resolution No. 27, Series 2013 , amending the 2013 budget by amending appropriations in the General Fund, Conservation Trust — Open Space & Parks Fund, Conservation Trust — Lottery Fund, Cemetery Fund, Historic Preservation Fund, Capital Projects Fund, Impact Fee Fund, Water Utility Fund, Wastewater Utility Fund, Storm Water Utility Fund, Golf Course Fund, Building Maintenance Fund, Technology Management Fund, and Fleet Management Fund and amending budgeted revenue in the General Fund, Conservation Trust — Open Space & Parks Fund, Historic Preservation Fund, Capital Projects Fund, and Golf Course Fund. COUNCIL COMMENT Council member Loo inquired why $10,560 of funds designated for the Louisville Housing Authority was carried over and made available in 2013 for affordable housing. She asked why these funds were not transferred to the Boulder County Housing Authority. City Manager Fleming explained the funds are available for affordable housing. The City received a request from the Habitat for Humanity to assist in the redevelopment of a parcel of land for affordable housing. The funds were originally appropriated for the Louisville Housing Authority to do repair work and the $10,560 is the remaining balance. Council member Keany explained this money was refunded from the stadium district tax and a previous Council designated those funds for future land purchases to support affordable housing. Council member Loo addressed a line item containing $93,500, which concerns the McCaslin /Dillon Intersection project. She asked if the project was complete. Public