City Council Agenda and Packet 2013 06 27

Home Browse Search

E.: City,,, . CITY COUNCIL COMMUNICATION Louisville AGENDA ITEM 3 COLoRAI)O " \ii_ is;, SUBJECT: DISCUSSION/DIRECTION ON 2014-2018 CAPITAL IMPROVEMENTS PLAN AND 2014 CITY COUNCIL OBJECTIVES AND GOALS DATE: JUNE 27, 2013 PRESENTED BY: MALCOLM FLEMING, CITY MANAGER KEVIN WATSON, FINANCE DIRECTOR SUMMARY: During this meeting staff will review and focus on revenue assumptions, expenditure targets, major fund forecasts for 2014 and staff's recommended 2014-2018 Capital Improvements Plan (CIP). As noted in the summary of the CIP, although the CIP is presented as a separate document, it is an integral part of the overall budget process and the final budget document. Based on Council discussion and direction on the revenue assumptions, fund forecasts and recommended CIP, staff will include the 2014 project costs in the 2014 Recommended Budget, which we will present in October. Staff would also appreciate direction from Council Members on the latest iteration of Budget Objectives, which have been sorted to reflect the rankings submitted by Council Members, and on staff's June 7 Draft of 2014 Goals. Staff will rely on Council's discussion and direction on these objectives and Goals as we develop the recommended 2014 Budget for Council consideration. FISCAL IMPACT: The Louisville budget is the most important policy approved by the City Council each year. It will provide direction and funding levels for 2014. RECOMMENDATION: Discussion/Direction on the following: 1 . Revenue Projections and Major Fund Forecasts for 2013 2. 2013-2017 Capital Improvements Plan 3. Preliminary 2014 Budget Objectives Ranking For Council Consideration 4. Preliminary 2014 City Council Goals 5. Budget Calendar ATTACHMENTS: 1 . Summary of 2014-2018 Capital Improvement Plan 2. 2014-2018 Capital Improvements Plan Detail 3. Presentation 4. Preliminary 2014 Budget Objectives Ranking For Council Consideration 5. Preliminary 2014 City Council Goals CITY COUNCIL COMMUNICATION