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11: City,/ <br />im Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 2 <br />SUBJECT: <br />DISCUSSION/DIRECTION — CITY MANAGER'S PROPOSED <br />2019-2020 OPERATING & CAPITAL BUDGET, 2019 — 2024 <br />CAPITAL IMPROVEMENTS PLAN, AND 2019-2024 LONG-TERM <br />FINANCIAL PLAN <br />DATE: OCTOBER 4, 2018 <br />PRESENTED BY: HEATHER BALSER, CITY MANAGER <br />SUMMARY: <br />Per the agenda staff would like to review/receive direction for the following items: <br />A) Operational 2019-2020 Operational and Capital Budget <br />B) 2019-2024 Capital Improvements Plan <br />C) Financial Policies <br />D) Recreation and Senior Center Fees <br />E) Pavement Management <br />The link to the October 2nd City Council packet with the Proposed 2019-2020 Operating <br />and Capital Budget, 2019-2024 Capital Improvements Plan and the 2019-2024 Long - <br />Term Financial Plan can be found here. <br />Additional materials are provided for the discussion on financial policies, recreation and <br />senior center fees and pavement management with a council communication for each <br />item. <br />Specific to financial policies, staff has provided a starting point for discussing operating <br />and capital transfers to the Recreation and Golf Funds. Further discussion/direction is <br />requested on the proposed/amended policies or other factors that should determine <br />transfers, General Fund or Capital fund, and/or reserve amounts. Other possible ways <br />to address transfers could be to specify amounts, percentages, funding caps, pick a <br />base with year with CPI (similar to Open Space and Parks Fund), speak to levels of <br />subsidy/revenue generation, etc. <br />RECOMMENDATION: <br />Discussion/Direction <br />CITY COUNCIL COMMUNICATION <br />