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Louisville City Council Meeting <br />November 3, 2004 <br />Page 4 of 10 <br /> <br />The Software budget for Information Systems Department was increased $5,000 <br />pending a bidding process in 2005 for upgrades to the City's virus and anti-spam <br />software. <br /> <br />$50,000 was added to 2005 expenditures on the Northwest Parkway fund for <br />design fees on Phase II. <br /> <br />New items that were discussed and implemented into the proposed budget are as follows: <br /> <br />· $60,000 was added to the mowing line in the Land Management - Parks budget <br /> for the new Police/Court Building. <br /> <br />· The transfer of funds from the Golf Course to the Water and Wastewater Fund <br /> was reduced from $50,000 to $25,000. <br /> <br />The 2005 projected revenues total $28,634,852. The reductions in revenue can be <br />attributed to the residential use tax which is no longer collected, declining recreation fees, <br />permits & licensing, and water sales. <br /> <br />The 2005 projected expenditures total $44,158,536. The highlighted 2005 mai or funds <br />expenses are the General Fund; the Water & Wastewater Funds, and Capital Fund. <br />Those expenses include utilities, golf course, land management, recreation/senior center, <br />public works, general government, library, planning, police, debt service, and capital <br />projects. <br /> <br />City Manager Simmons reported that the City experienced new growth in the 1990's and <br />the revenue derived from the sales tax funded capital improvement projects. He noted <br />the fees and permits are now at a decline. He stated a portion of the sales tax will be <br />diverted on a one-time basis, to the general fund. <br /> <br />Mayor Sisk opened the public hearing and requested public comment. He asked that Mr. <br />Scott's previous comments be a part of the public hearing. <br /> <br />COUNCIL COMMENT <br /> <br />Council member Brown commented this has been an extremely difficult budget session. <br />He stated the sales tax is an extremely important part of the budget. He requested that the <br />citizens shop in Louisville. <br /> <br />Mayor Sisk reviewed the sales tax collection data. He stressed the importance of sales <br />tax in the budget process. He voiced his appreciation for Council's role in the budget <br />process. He addressed the potential strike in the grocery stores, which would have an <br />impact on the City's sales tax. <br /> <br />4 <br /> <br /> <br />