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11: City,/ <br />im Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 2 <br />SUBJECT: <br />DATE: <br />PRESENTED BY: <br />SUPPLEMENTAL INFORMATION FOR CITY MANAGER'S <br />PROPOSED 2019-2020 OPERATING AND CAPITAL BUDGET, <br />2019-2024 CAPITAL IMPROVEMENTS PLAN AND 2019-2024 <br />LONG TERM FINANCIAL PLAN <br />OCTOBER 12, 2018 <br />HEATHER BALSER, CITY MANAGER <br />KEVIN WATSON, FINANCE DIRECTOR <br />SUMMARY: <br />A number of issues were discussed at the budget discussion/meeting on October 4, <br />2018. Staff has provided some supplemental information in response. Additional <br />PowerPoint slides (Attachment 1) and additional materials are provided to speak to <br />some of the following issues: <br />1) Information/graphs on revised expenditure targets for consideration and impacts <br />on associated funds. As is clear in the graphs, this suggests significantly more <br />General Fund reserves over the 6 year long-term plan. Even though the <br />operational surplus/deficit is about break-even, staff would like to consider <br />additional staffing and/or resources to increase service levels in certain areas, <br />such as Parks, Library, PD, etc. Positions would include and additional Police <br />Officer in 2019, and an Arborist and Teen Librarian in 2020. Staff can come back <br />with some operational increases as well that could address service levels in <br />specific areas. <br />2) Updated benchmarking spreadsheet on recreation fees and additional options for <br />increases to fees. <br />3) KPI data for the 2019-2020 budget provided in the October 4 packet. <br />4) Renewal and Replacement spreadsheets for the Recreation and Golf Course <br />Funds, with updated numbers consistent with the overall adjustments suggested <br />above. <br />5) The proposed 2019-2024 Capital Improvement Plan which includes CIP sheets <br />and removed/deleted sheets. As a recap, the Capital Improvements Plan for <br />2019-2024 includes significant changes from those initially proposed at the July <br />and August CIP meetings. As the changes are substantive, new CIP sheets <br />have been provided for the majority of the 2019-2024 Capital Improvements <br />Plan. A few CIP sheets have been added to respond to City Council feedback <br />including Drinking Fountains, BMX Track, Community Dog Park, TMP 1st Steps, <br />Downtown Surface Lot Expansion, Rec Center Master Plan and Drinking <br />Fountains. A number of CIP sheets have also been added to those in the <br />deleted section that were initially suggested for approval in July and August. <br />Those additional CIP sheets now included in the deleted section are Contract <br />Striping with Epoxy (moved to operations), Traffic Signal Controller, Illuminated <br />CITY COUNCIL COMMUNICATION <br />3 <br />