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City Council <br />Meeting Minutes <br />October 1, 2013 <br />Page 12 of 15 <br />Water & Wastewater User Fees: Current placeholder awaiting results of utility <br />rate study = no increase in water rates, a 25% increase to wastewater rates, <br />and a 75% increase to storm water rates. <br />Employee Salaries & Wages: +4.2% annual average from 2014 through <br />2018. <br />Employee Benefits +4.6% annual average from 2014through 2018. <br />Total General Fund Revenues -2.4% from 2014 through 2018 (due to decline <br />in building - related revenue). <br />Total General Fund Expenditures +2.6% from 2013 through 2017. <br />General Fund Long Term Options <br />- Increase General Fund Revenue <br />- Voter Approval to Increase Open Space & Parks Fund Revenue <br />- Voter Approval to Move Capital Projects Funding to General Fund <br />- Reduce General Fund Expenditures and Service Levels <br />Key Council Decisions <br />• Are revenue and expenditure estimates reasonable? <br />• Does proposed budget reflect prudence? <br />• Do capital projects preserve assets and focus on areas of greatest need? <br />• Can we maintain service levels over the long run? <br />Budget Calendar — Key Dates <br />October 1, 2013 — City Council Meeting <br />Presentation of City Manager's Proposed Budget <br />Set Public Hearing Date <br />October 8, 2013 — Special City Council Meeting <br />Discussion /Q & A and identify revisions Council wants to see <br />on Proposed Budget <br />October 15, 2013 — City Council Meeting <br />Conduct Public Hearing and identify any further revisions <br />November 4, 2013 — City Council Meeting <br />Resolution adopting the budget <br />Resolution appropriating the funds <br />Resolution levying taxes <br />PUBLIC COMMENT <br />Susan Honstein, 727 Pine Street, Louisville, CO voiced her desire for the City Council <br />to discuss the budget in an open meeting and allow public comment. <br />COUNCIL COMMENTS <br />