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City Council <br />Meeting Minutes <br />November 6, 2017 <br />Page 7 of 17 <br />BEGINNING ON THE FIRST DAY OF JANUARY 2018 AND ENDING ON THE LAST <br />DAY OF DECEMBER 2018 <br />RESOLUTION NO. 64, SERIES 2017 — ANNUAL APPROPRIATION RESOLUTION <br />FOR THE CITY OF LOUISVILLE FOR THE CALENDAR YEAR BEGINNING <br />JANUARY 1, 2018 AND ENDING DECEMBER 31, 2018 <br />Attorney Light introduced both items. <br />Mayor Muckle opened the public hearing. <br />Finance Director Watson stated one resolution adopts the budget and one appropriates <br />the funds. The setting of the mil levy will be done on December 5 to be more precise for <br />the library bonds and recreation center bonds. <br />Director Watson noted the presentation from the public hearing was the same as is in <br />the packet for this meeting other than revenue adjustments noted earlier, small <br />allocation changes, and the reclassification of the Highway 42 Multi -Use Underpass <br />from the Capital Projects Fund back to the Open Space and Parks Fund. Staff <br />recommends approval. <br />Mayor Muckle asked for public comments. None . <br />Mayor Pro Tem Lipton asked about the $40K for transportation. He asked for more <br />discussion of how the money will be spent before it is actually spent. He asked for an <br />explanation of why the cost of the Hwy 42 underpass was going from the Capital Fund <br />to the Open Space and Parks Fund (OSPF). Director Watson stated originally the <br />underpass funding was in OSPF and moved to Capital Projects Fund due to the fund <br />balance issues. The direction at the last public hearing was to move the underpass <br />back to OSPF by Council. <br />Councilmember Maloney thanked Director Watson for a very clear budget and noted the <br />City is in solid financial shape. Mayor Muckle agreed. This was exceptionally good, <br />transparent work from staff. <br />Councilmember Maloney moved to approve Resolution No. 63, Series 2017. Mayor Pro <br />Tem Lipton seconded. <br />Vote: Motion carried by unanimous roll call vote. <br />Councilmember Maloney moved to approve Resolution No. 64, Series 2017. Mayor Pro <br />Tem Lipton seconded. <br />Vote: Motion carried by unanimous roll call vote. <br />34 <br />