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City Council <br />Meeting Minutes <br />September 15, 2015 <br />Page 9 of 19 <br />PRESENTATION — CITY MANAGER'S PROPOSED 2016 BUDGET AND 2016 -2020 <br />CAPITAL IMPROVEMENTS PLAN (CIP) —SET PUBLIC HEARING OCTOBER 20, <br />2015 <br />Mayor Muckle requested a staff presentation. <br />City Manager Fleming presented an overview of the Proposed 2016 Budget and 2016- <br />2020 Capital Improvements Plan (CIP). 2016 Budget Key Sections: Summary of <br />Recommended Significant Changes (Budget increases exceeding $10,000); 2016 <br />Programs, Goals, Sub - Programs and Contributing Projects and Department Summaries <br />and Performance Measures. <br />Financial Overview: <br />• Revenue Assumptions and Expenditure Targets <br />• Recurring Revenue vs Recurring Expenditures <br />• Primary Fund Forecasts (General Fund, Open Space and Parks Fund, Capital <br />Projects Fund, Water, Wastewater, and Storm Water Funds (Combined Utility <br />Fund) and Golf Course Fund <br />2016 Major Capital Projects: <br />• Major upgrades at the Wastewater Treatment Plant to satisfy more stringent <br />federal and state water quality standards <br />• Numerous water system equipment replacements and system improvements <br />• Complete Phase 2 of the Louisville /Lafayette boundary stormwater <br />improvements <br />• Street resurfacing in priority locations throughout the City <br />• Pedestrian safety, intersection and streetscape improvements along the Highway <br />42 Corridor <br />• Finalize implementation of City's centralized data system (ERP) <br />• Open Space and Trails wayfinding projects <br />2016 Increased Service Levels <br />• 3 FTE's and $30,000 in contract funding in Parks and Open Space /weed control, <br />landscape maintenance and controlled burn <br />• 1 FTE and $45,000 in CIP funds to implement body cameras in PD <br />• .6 FTE and $20,152 to fund Historic Preservation Intern and implement elements <br />of Historic Preservation Master Plan <br />• .5 FTE Sustainability Coordinator <br />2016 Building Adequate Reserves <br />• Maintain General Fund reserves above a 20% target reserve through 2020 <br />• Proposed 2016 -2020 5 -Year CIP result in a 2016 year -end reserve exceeding <br />$1.7 Million and 2020 exceeding $3.0 Million <br />27 <br />