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City Council <br />Special Meeting Minutes <br />October 30, 2007 <br />Page 3 of 12 <br />most significant policy considE:red by the Louisville City Council each year. He <br />gave a PowerPoint presentation. <br />Total Proposed Aaaropriations <br />General Fund $13,718,820 <br />Conservation Trust - Lancl Acquisition 1,146,939 <br />Capital Projects 6,836,982 <br />Water Utility 4,489,723 <br />Wastewater Utility 1,477,992 <br />Golf Course 1,983,974 <br />Other Funds 1,982,316 <br />Total Proposed Approprliations $31,636,747 <br />General Fund <br />• Total revenue is projected to increase by $217,000 or 1.6% from $13.5 <br />million estimated for in 2007 to $13.7 million in 2008. <br />• Total expenditures are budgeted to increase by $458,422 or 3.5% from <br />$13.2 million budgeted in 2007 to $13.7 million in 2008. <br />• Transfer expenses of $314,000 from the General Fund to the <br />Conservation Trust Fund to more accurately reflect parks and open space <br />related activities. <br />Employees Wages & Benefits <br />• In order to reduce turnover, increase morale and productivity and ensure <br />that salary levels are competitive, approximately $375,000 has been <br />added throughout the budget to implement a new pay plan. <br />• The budget includes an additional $137,000 to cover the increase in <br />employee health insurance premiums and to provide incentives for <br />participation in high-deductible plans and wellness activities. <br />City Manager Fleming explained the 2008 budget reflects the following: <br />• Consolidation of the Land Management and Recreation and Senior <br />Services programs into one Parks and Recreation Department. <br />• Eliminates one Department Director position and adjusts three other <br />positions to reflect new responsibilities. <br />• Establishes a Facilities Manager in Public Works to ensure the new <br />library, police and court building, City Hall and the Recreation and Senior <br />Center are properly maintained. <br />• Continues Business Retention and Development activities by funding an <br />economic development consultant, completion of a real estate database <br />and continuation of prospect recruitment, revitalization and redevelopment <br />activities. <br />• Adds $200,000 to the City Manager's budget to reflect anticipated <br />economic development Business Assistance Packages offered to help <br />