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City Council <br />Special Meeting Minutes <br />September 25, 2007 <br />Page 4 of 6 <br />- Increase Capital Projects spending to $6.5 million (up from $3.76 <br />Million in 2007) to complete major transportation projects such as <br />Dillon Road ($2.7 million in 08 with another $900,000 in 09) and South <br />Boulder Road ($1.2 million in 08 and $950,000 in 09) <br />- Increase street reconstruction from $750,000 in 2007 to $1,000,000 in <br />08 <br />Conservation Trust Fund <br />- Projected revenues; increase from $1,148,666 in 07 budget to <br />$1,240,000 in 08 <br />- Operating expenses up by approximately $345,000 primarily because <br />of the transfer of personnel from Land Management operation in the <br />General Fund to Land Management operation in Conservation Trust <br />Fund to more accurately reflect parks and open space related activities <br />and expenses <br />- Capital projects expenses increase to $303,100 in 08 from $226,000 in <br />07 for various projects (not including any specific land acquisitions) <br />- Fund balance is projected to continue to increase over budget in 08 <br />and into 09 even wiith the added operating expenses <br />Parks and Recreation Director Robson stated the City is ready if parcels of land <br />become available for open spacE~, but is now transitioning to maintenance and <br />management of the current holdings. He also responded to a comment <br />concerning the maintenance of medians and gateways to the City and said they <br />are becoming more of a priority. <br />Lottery Fund <br />- Proposed expenditiures are down from $392,000 in 07 to $261,150 in <br />08 although the City will still complete several significant projects in 08, <br />including park landscape improvements and playground equipment <br />renovations <br />Parks and Recreation Director Robson pointed out there are limits to where <br />dollars can be spent in this fund. <br />Mayor Sisk asked if the tennis court resurfacing was on a schedule. Robson <br />responded it is ongoing and on a schedule. <br />Enterprise Funds <br />Water/Wastewater & Storm water Funds: <br />- Reduce total Water Fund expenses from $5,643,211 in 07 to <br />$5,396,874 in 08 prrimarily due to lower capital expenditure. The cost of <br />operations continuE:s to increase with a $2,793,974 proposed budget in <br />08 compared to $2,478,157 budgeted in 07. This increase reflects the <br />proposed addition of 1.5 FTEs operation Tech I positions to help keep <br />