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Cityot <br />Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM XX <br />SUBJECT: <br />RESOLUTION NO. XX, SERIES 2016 — A RESOLUTION <br />AMENDING THE 2016 BUDGET BY AMENDING <br />APPROPRIATIONS IN THE GENERAL FUND, OPEN SPACE & <br />PARKS FUND, CONSERVATION TRUST — LOTTERY FUND, <br />CEMETERY FUND, HISTORIC PRESERVATION FUND, <br />CAPITAL PROJECTS FUND, WATER UTILITY FUND, <br />WASTEWATER UTILITY FUND, STORM WATER UTILITY FUND, <br />GOLF COURSE FUND, AND FLEET MANAGEMENT FUND FOR <br />CARRY FORWARD OF APPROPRIATIONS AND ADDITIONAL <br />APPROPRIATIONS WITHIN SUCH FUNDS AND ADJUSTING <br />BUDGETED REVENUE IN THE GENERAL FUND, OPEN SPACE <br />& PARKS FUND, HISTORIC PRESERVATION FUND, CAPITAL <br />PROJECTS FUND, WATER UTILITY FUND, WASTEWATER <br />UTIILITY FUND, AND STORM WATER UTILITY FUND — PUBLIC <br />HEARING (Advertised Daily Camera 05/13/2016) <br />DATE: MAY 17, 2016 <br />PRESENTED BY: KEVIN WATSON, FINANCE <br />SUMMARY: <br />The attached resolution proposes a series of amendments to the City's 2016 Operating <br />& Capital Budget. Staff requests these proposed amendments to: <br />1. Carry - forward unused appropriations from 2015 to 2016 for projects that Council <br />approved for 2015 but, for various reasons, staff needed to extend work on the <br />project or purchase into 2016. Staff requests the unspent budgets for projects <br />not completed, or equipment not purchased, in 2015 to be added to the current <br />2016 budget. Total carry - forward = $20,683,070. <br />2. Formally adopt other adjustments to the 2016 expenditure budget. These <br />adjustments are for items that staff did not anticipate, or were not measureable, <br />at the time Council adopted the original 2016 budget in November 2015. Staff <br />has previously discussed many of these items with the Council, but they have not <br />been formally incorporated into the City's 2016 expenditure budget. Total other <br />adjustments = +$3,789,940. <br />3. Formally adjust the revenue budget for delayed grants on delayed projects, for <br />new revenue estimates, and for new revenue sources that staff did not anticipate, <br />or were not measureable, at the time Council adopted the original 2016 budget in <br />November 2015. Total revenue adjustments = +$3,341,880. <br />CITY COUNCIL COMMUNICATION <br />12 <br />