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City Council <br />Special Meeting Minutes <br />June 24, 2014 <br />Page 5 of 14 <br />facilities and services shared with other communities. It was noted the museum is free <br />and the golf course has established green fees. <br />PUBLIC COMMENT <br />Michael Menaker, 1827 W. Choke Cherry Drive, Louisville, CO stated there is plenty of <br />downtown parking, but the residents are not happy with the parking, because it's in their <br />neighborhoods. <br />John Leary, 1116 LaFarge Avenue, Louisville, CO felt there were probably six other <br />areas, which could have been flushed out. He hoped the list was not viewed as totally <br />inclusive. He felt the purpose of the list of goals was to provide guidance to the City <br />staff to identify objectives to be implemented. He hoped these would not be stand- <br />alone objectives for staff. He suggested the goals be sent out to the City's Boards and <br />Commissions for them to share their ideas. <br />Finance Director Watson provided an overview of the 2013 Review. He noted the audit <br />for 2013 has been completed and the results are as follows: <br />General Fund 2013 Review: <br />• Fund Balance at 12/31/13 = $6,490,000 <br />• Fund Balance increased by $2,233,000 (52 %) <br />• Revenue exceeded budget by $1,655,000 (11 %) <br />• Expenditure turnback - $595,000 (4 %) <br />Open Space and Parks Fund 2013 Review: <br />• Fund Balance at 12/31/13 = $7,340,000 <br />• Fund Balance declined by $559,000 (7 %) <br />• Revenue exceeded budget by $292,000 <br />• Expenditure turnback - $1,703,000 (38 %) <br />• Budget amendment for carry- forward of capital projects for 2014 = $457,000 <br />Capital Projects Fund 2013 Review: <br />• Fund Balance at 12/31/13 = $5,904,000 <br />• Fund Balance declined by $918,000 (13 %) <br />• Revenue exceeded budget by $1,053,000 <br />• Expenditure turnback - $3,091,000 (34 %) <br />• Budget amendment for carry- forward of capital projects to 2014 = $1,515,000 <br />Combined Utility Fund 2013 Review: <br />• Working Capital at 12/31/13 = $20,560,000 <br />• Working Capital increased by $3,294,000 (20 %) <br />• Revenue exceeded budget by $554,000 (3 %) <br />• Expenditure turnback - $9,489,000 (36 %) <br />• Budget amendment for carry- forward of capital projects to 2014 = $6,053,000 <br />