Finance Committee Agenda and Packet 2016 05 16

Home Browse Search

Cityot Louisville COLORADO • SINCE 1878 FINANCE COMMITTEE COMMUNICATION SUBJECT: FINAL DRAFT OF BUDGET AMENDMENT SCHEDULED FOR MAY 17, 2016 DATE: MAY 16, 2016 PRESENTED BY: KEVIN WATSON, FINANCE DEPARTMENT SUMMARY: On May 17, 2016, staff will present a budget amendment to the City Council in order to • Carry - forward unused appropriations from 2015 to 2016 for projects that Council approved for 2015 but, for various reasons, staff needed to extend work on the project or purchase into 2016; • Formally adopt other adjustments to the 2016 expenditure budget for items that staff did not anticipate, or were not measureable, at the time Council adopted the original 2016 budget in November 2015. • Formally adjust the revenue budget for delayed grants on delayed projects, for new revenue estimates, and for new revenue sources that staff did not anticipate, or were not measureable, at the time Council adopted the original 2016 budget in November 2015. Attached are final drafts of the: • Council Communication, which contains departmental narratives on all accounts, or groupings of accounts, requested for amendment. • Proposed Resolution, which contains a summary of changes by fund — the City's legal level of budgetary control. • Appendix A to the Resolution, which contains a line item detail, subtotaled by fund, for all requested "carryforwards" of unspent 2015 budget. • Appendix B to the Resolution, which contains a line item detail, subtotaled by fund, for all new appropriations to the 2016 budget. • Appendix C to the Resolution, which contains a line item detail, subtotaled by fund, for all requested revenue budget adjustments. Please note that these documents and amounts are still drafts and have not been reviewed and finalized by the City Manager. FINANCE COMMITTEE COMMUNICATION 11