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L <br />City{x <br />Louisville <br />COLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />REVIEW OF 2020 CARRY FORWARD REQUESTS AND 2020 <br />C-I-P BUDGET <br />DATE: MAY 1, 2020 <br />PRESENTED BY: KEVIN WATSON, DIRECTOR OF FINANCE <br />EMILY HOGAN, ASSISTANT CITY MANAGER FOR <br />COMMUNICATIONS & SPECIAL PROJECTS <br />MEGAN DAVIS, DEPUTY CITY MANAGER <br />HEATHER BALSER, CITY MANAGER <br />SUMMARY: <br />Staff is providing an update on the preliminary 2020 carry forward budget amendment <br />and the resulting 2020 capital improvements budget. Some project budget changes <br />have been made, and additional information (i.e. status, comments) has been added to <br />the attached budget amendment worksheet. Projects have been color coded according <br />to the following: <br />• Red — cancelled or postponed due to changing priorities or limited staff capacity <br />• Yellow — less than 50% complete or need additional direction on <br />• Green — more than 50% complete or necessary for City operations <br />Staff is prepared to go through each project and provide an update as requested. <br />Specifically, staff is seeking direction from the Finance Committee on the projects <br />highlighted in yellow. <br />Additionally, staff is seeking feedback on the projects that are less than 50% complete <br />and highlighted in yellow under the Water, Wastewater and Storm Water Utility Funds. <br />Additional discussion is needed on whether to complete these in 2020 or defer to a <br />future year. The Utility Committee will need to review these, as well, as rates could be <br />affected. <br />ATTACHMENT(S): <br />1. Budget Amendment Worksheet <br />2. Summary of C-I-P by Fund <br />3. Approved TMP Projects <br />FINANCE COMMITTEE COMMUNICATION <br />