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projects they will continue to increase by approximately 6.75% per year from 2016 through <br />2019. <br />Staff and the City Council considered the above indicators when developing the budget for <br />2015. Total estimated expenditures for 2015, excluding interfund transfers, are currently $85.0 <br />million, which includes nearly $40 million in capital improvements. This is an increase of $39.9 <br />million (88%) over 2014 actual expenditures, on a budgetary basis. <br />Due to the significant amount of capital improvements planned for 2015, City Council has <br />approved transferring an additional $1.3 million of excess reserves from the General Fund to the <br />Capital Projects Fund. The decline in General Fund balance for 2015 is currently projected at <br />approximately $350,000. <br />Contact Information <br />This financial report is designed to provide the citizens, taxpayers, customers, investors, and <br />creditors of the City of Louisville a general overview of the City's finances and to demonstrate <br />the City's accountability for the money it receives. Questions concerning any of the information <br />provided in this report or requests for additional information should be addressed to City of <br />Louisville, Finance Department, 749 Main Street, Louisville, Colorado 80027, (303) 335-4500. <br />21 <br />