City Council Agenda and Packet 2013 06 27

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General Fund Forecast 25,000,000 - 20,000,000 15,000,000 evenue =ExpendRures Fund Balance 10,000,000 - =Minimum 5,000,000 - - 00 pA 01, O'S OA Oh 00 O'1 04 Obi ^O ^� ,�L ,.^1 ^h h� 1, y0 y0 1, ,LO 1, ,y0 1, 1, �O ,y0 �O ,y0 1, 1, 1, y0 l• 40 As the graph indicates, based on all of the interfund transfers, revenue assumptions, and expenditure targets, the General Fund reserves would stay above the minimum desirable level (15% of projected expenditures). Please keep in mind that these amounts do not include departmental requests for 2014. However, I have included an addition $300,000-$350,000 of additional operational costs for each year between 2014 and 2018. While our forecast for the General Fund, reflecting the transfers noted above, shows a significant decline in reserves between 2015 and 2018, we do not expect to continue significant transfers in 2019 or subsequent years and we will make adjustments as necessary then and in future years to ensure that total expenditures in most years are at least slightly less than revenues in order to maintain adequate reserves over time. The C-I-P projects within the Capital Project Fund are divided into three general categories, related to the function of the expenditure: • General Government • Parks & Recreation • Public Works The following charts summarize the total five-year costs of each recommended project compared with the total five-year costs of the departmental requests. The Capital Project Fund was unable to support the total requested C-I-P of $41.1 million. By reducing the scope of some projects, delaying some projects, eliminating some projects, and incorporating the interfund transfers, the recommended C-I-P amounts to $40.9 million. It is important to highlight that the C-I-P provides funding for two major transportation projects—$3.5 million in 2013-2015 to pay for Louisville's commitment to the $12.5 million McCaslin/Highway 36 Diverging Diamond Interchange (DDI), and $3.0 million in 2016-2017 to pay for Louisville's commitment to the $17.4 million State Highway 42 corridor improvements. These projects would not be possible without leveraging Louisville's contribution in partnership with funding from other sources including the Colorado Department of Transportation (CDOT), the Regional Transportation District VI 8