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• Implementation of Governmental Accounting Standards Board Statement No. <br /> 54 GASB 54). Implemented new fund balance reporting requirements with the <br /> issuance of the 2011 Comprehensive Annual Financial Report (CAFR). <br /> Implementation included a change in classification of fund balance and an <br /> assessment of the City's use of certain fund types — specifically, Special Revenue <br /> and Capital Project funds. <br /> • Comprehensive Plan Review and Update. Updated the Community Vision, <br /> Principals and Policies in the City's Comprehensive Plan, and continued public <br /> involvement to finalize the Framework and the fiscal impact model for consideration <br /> by the City Council in 2013. <br /> • Parks, Recreation, Open Space, and Trails (PROST) Master Plan. Began <br /> implementation of tenants as adopted in the Comprehensive PROST and Golf <br /> Course Improvement Plans. <br /> • McCaslin Intersection Improvements. Completed improvements to the <br /> McCaslin/Dillon intersection. Conducted McCaslin/US 36 Interchange modeling and <br /> analysis and finalized the design and funding for the Diverging Diamond Interchange. <br /> • Water System Facilities Plan. Completed the water utility facilities plan. <br /> • Automated Materials Handling System. Installed and implemented and the <br /> automated materials handling system for the Louisville Library. <br /> PROJECTS PLANNED IN 2013 <br /> The City reviews and publishes its Five-Year Capital Improvements Plan on an <br /> annual basis. Planned City projects for 2013 amount to nearly $23 million and <br /> include: <br /> Project Source 2013 <br /> Description of Funds Budget <br /> City Services Facility Various Funds 6,494,600 <br /> Sludge Treatment/Handling Water Utility Fund 3,245,000 <br /> McCaslin/Washington Underpass Various Funds 1,400,000 <br /> 3MG Water Tank Water Utility Fund 1,400,000 <br /> Street Reconstruction Program Capital Projects Fund 1,250,000 <br /> McCaslin/US36 Interchange (DDI) Capital Projects Fund 1,178,750 <br /> Wastewater Plant Upgrade Wastewater Utility Fund 1,100,000 <br /> Water and Sewer Line Replacement Water & Wastewater Utility Funds 480,000 <br /> Drainageway A-2 Storm Water Utility Fund 350,000 <br /> Windy Gap Firming Project Water Utility Fund 313,300 <br /> South Street Underpass Various 300,000 <br /> Golf Course Improvements Capital Projects Fund 289,440 <br /> Rec Center Hot Tub Replacement Capital Projects Fund 220,000 <br /> Main Street Patios Capital Projects Fund 200,000 <br /> (Continued) <br /> 3 <br />