City Council Agenda and Packet 2014 10 14 SP

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Presented 10/7/14 Office of the City Manager Cityof Louisville COLORADO ' SINCE 1 878 October 1, 2014 Mayor Muckle, City Council, Louisville Residents and Businesses and City Employees: As required by Section 11 -2 (b) of the City Charter, I am pleased to offer for your consideration the proposed 2015 Annual Operating Budget and the 2015 -2019 Five -Year Capital Improvements Plan. The unprecedented rains last year challenged the City by flooding homes and businesses, washing away bridges, destroying water utility infrastructure, obliterating trails and severely damaging Coal Creek Golf Course. In the past year and throughout Louisville people have and continue to work together with the City Council and staff to recover and rebuild Louisville so it is even better than before the flood. In keeping with the rebuilding theme, we have rebuilt the recommended budget to make it better by, among other things: • Highlighting the most significant proposed changes and providing justification for those changes; this helps focus attention on those issues that may be of interest and to facilitate Council's decision making. • Listing departmental requests that have merit but for which there is insufficient funding; this enables Council and the Public to see the Management Team's priorities and, if necessary, adjust the budget as Council sees fit. • Providing Departmental summaries that help explain the work each department does. Because budget discussions often focus on new proposals or activities, this information is intended to help everyone see the comprehensive level of ongoing services the City provides. • Summarizing the performance metrics Departments use to help make management decisions. In our ongoing effort to improve services we have listed the metrics each Department has developed —or is starting to develop —to document levels of service, demonstrate progress, show accomplishments, and identify ways or areas that need improvement. The City is in good fiscal health. The current projection for 2014 General Fund revenue, exclusive of interfund transfers, is 1.8% higher than 2013. Year to date sales tax revenue is trending 4.4% above budget. These resources, combined with those from the improving economy enable the City to improve service levels in several areas and accomplish the Council's goals for 2015, which are summarized below. 1