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City„ <br />Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 11 <br />SUBJECT: <br />CITY MANAGER'S PROPOSED 2016 BUDGET AND 2016 -2020 <br />CAPITAL IMPROVEMENTS PLAN (CIP) <br />DATE: SEPTEMBER 21, 2015 <br />PRESENTED BY: MALCOLM FLEMING, CITY MANAGER <br />SUMMARY: <br />The City Manager provided an overview of the 2016 Budget during the September 15, <br />2015 City Council meeting. This can be found on the City's website or can be accessed <br />from the link below. This meeting is intended as the venue to address Council's <br />questions about the proposed budget and to incorporate into the budget any changes <br />Council wants to see included for the next Special Meeting on the budget scheduled for <br />October 13, 2015 or the public hearing on the budget scheduled for October 20th, 2015. <br />During the review of the proposed 2016 Budget at the September 15, 2015 City Council <br />meeting Council Members raised some initial requests for additional information. Staff's <br />response and attachments are summarized below: <br />• Attached are revised draft Financial Policies based on feedback from the <br />June 9, 2015 Budget Retreat. A Council Communication discussing the <br />additional changes and the specific polices are attached. <br />• Current data and recommendations are provided regarding daily fees and <br />proposed resident discounts at the Recreation /Senior Center. <br />• An updated Financial Overview section of the Budget Transmittal Letter is <br />provided adding some additional charts and tables. Also added is some <br />narrative and reformatting in some areas. There are significant changes <br />so a clean revised copy is provided. <br />• Included is a 2016 Program Budget Summary. <br />• Further information was requested regarding the proposed 5 year <br />resurfacing plan; locations, OCI, etc., in the 5 year CIP. Attached are <br />slides on the pavement management system, maps and graphs indicating <br />what is anticipated from 2016 -2020. <br />• The preliminary 2015 Assessed Valuation from the Boulder County <br />Assessor is attached along with a Council Communication providing <br />revenue calculations and some discussion on TABOR limitations and <br />calculations. <br />FISCAL IMPACT: <br />See attachments. <br />RECOMMENDATION: <br />CITY COUNCIL COMMUNICATION <br />2 <br />