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City Council
<br />Meeting Minutes
<br />May 6, 2014
<br />Page 5 of 27
<br />or purchase into 2014. In other words, staff asks for the unspent budgets for projects
<br />not completed, or equipment not purchased, in 2013 to be added to the current 2014
<br />budget. Total carry- forward = +$8,665,200.
<br />2. Formally adopt other adjustments to the current 2014 budget. These adjustments are
<br />for items staff did not anticipate, or were not measureable, at the time Council adopted
<br />the original 2014 budget. Staff has discussed many of these items previously with the
<br />Council, but they have not been formally incorporated into the City's 2014 budget. Total
<br />other adjustments = +$881,360.
<br />3. Adjust the revenue budget to new revenue estimates or for new revenue sources
<br />staff did not anticipate, or were not measureable, at the time Council adopted the
<br />original 2014 budget. Total revenue adjustments = - $1,451,580.
<br />State law requires a public hearing to amend the budget. The budget amendment is
<br />shown by line item detail and subtotaled by fund in Appendices A, B, and C to the
<br />Resolution. The amendments to the City of Louisville's 2014 Operating & Capital
<br />Budget included the following.
<br />Section 1. The 2014 General Fund appropriation is increased by $970,320, from
<br />$20,546,870 to $ 21,517,190.
<br />Section 2. The 2014 Open Space & Parks Fund appropriation is increased by $851,440,
<br />from $5,097,560 to $5,949,000.
<br />Section 3. The 2014 Conservation Trust — Lottery Fund appropriation is decreased by
<br />$78,500, from $300,800 to $222,300.
<br />Section 4. The 2014 Cemetery Fund appropriation is increased by $71,420, from
<br />$137,330 to $208,750.
<br />Section 5. The 2014 Historic Preservation Fund appropriation is increased by $900,800,
<br />from $942,600 to $1,843,400.
<br />Section 6. The 2014 Capital Projects Fund appropriation is increased by $584,160, from
<br />$14,685,700 to $15,269,860.
<br />Section 7. The 2014 Water Utility Fund appropriation is increased by $5,295,350, from
<br />$7,693,420 to $12,988,770.
<br />Section 8. The 2014 Wastewater Utility Fund appropriation is decreased by $446,020,
<br />from $4,705,110 to $4,259,090.
<br />Section 9. The 2014 Storm Water Utility Fund appropriation is decreased by $103,960,
<br />from $1,997,040 to $1,893,080.
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