Recreation Advisory Board Agenda and Packet 2020 07 27

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ATTACHMENT TO 2020 REVENUE PROJECTIONS AND PROPOSED EXPENDITURE REDUCTIONS 2020 Budget Adjustments — Summary of Level of Service Impacts The City is addressing 2020 budget reductions necessitated by the COVID-19 pandemic through a combination of budget cuts and use of City reserves. The 2020 budget cuts reflect strategic reductions in programs and services related to impacts of the coronavirus. These reductions are necessary as a result the COVID-19 public health restrictions on City services and programs, and due to the pandemic related revenue reductions. City staff, with Finance Committee input, developed the following guiding principles to help guide the proposed 2020 budget reductions. Financial Principles: • Maintain adequate funding to manage and maintain City assets, including preventative maintenance. • Prioritize core programs/services and allocate funding for these areas. • Budget for strategic investments and expenses related to the health, safety and wellness of the public and City employees. • Plan and budget for technology that supports remote work, which is our new reality. • Pursue process improvements and efficiencies as well as service consolidation or reductions to address budget impacts. • Maximize partnerships and leverage resources to continue to provide core services while realizing cost savings. • Seek to regenerate and stabilize lost tax revenues through business support to re -open and recover. • Reset expectations for level of service and communicate these to the public and city staff. Moving forward, some services and facilities will look different as we reopen to the public. For example, ongoing social distancing requirements and group size limitations will impact our ability to accommodate the same number of visitors. Programming, hours of operations and service levels may also look different due to changes in operating revenue. The decision to reduce programs and services to residents is a difficult one, but is necessary due to pandemic related public health orders and reduced tax revenue from Louisville businesses. Concurrently, the City is investing in supports for the business community to assist with their future sustainability. To identify the areas for budget adjustments, each department was charged with assessing their current operations, projects and programs and identifying 10%/15%/20% cuts across their funds and budget lines. In some departments, there were opportunities for greater reductions and in others the nature of the services (core services, critical operations, statutorily required