2000 BUDGET - Laserfiche WebLink

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These goals provided the basis for the 2000 budget. Specifically, they have been addressed as follows: • One new police officer (school resource officer) was added; new police vehicles and equipment were added totaling $166,000. • The water rights acquisition budget has been increased from $425,000 to $750,000.' • New trails as. well as beautification and improvements of existing trails total $150,000. • Debt reduction continues with an additional $100,000 designated for the capital projects bond call option•to be paid in 2003. • The budget in the conservation trust -land acquisition fund for open space continues to be augmented through a transfer of 1/8% of the 3-3/8% sales tax generated in the City of Louisville. This is budgeted at $407,266 from the general fund, bringing the total budget for open space to $1,993,042. • The 2000 budget includes the third year reduction of the water assessment fee, to be phased out over a four-year period. The sewer assessment fee has been repealed for the 2000 budget. The mill levy on property tax has been reduced from 5.184 to a temporary mill levy of 4.643. The City continues for the third year refunding the one mill levy assessed by the Northern Colorado Water Conservancy District. • The budget reflects the continuous investment in the City work force with a 1.5% range adjustment, a 4% pro -rated merit increase, an increase in the matching pension from 4% to 4.5%, a market adjustment for positions belowthe benchmark comparisons, additional increases for police officers and increase costs in health insurance of 9.95%. This is a total increase in personal services costs of 5.54% percent over the 1999 budget. As a result of applying growth factors to each department, a funding base was established to maintain the 'current level of service, with the Council approving additional programs in excess of this benchmark. *In 1997, the growth of sales tax revenue allowed for the transfer of $500,000 from the general fund to the capital projects fund. The 1998 level rose to $650,000, and maintained through 2000. In 1999 the transfer of sales tax from the general fund to the conservation trust -land acquisition fund began. This continues in 2000, as previously mentioned, at a funding level of $407,266 for the purchase of open space. All this has been accomplished in addition to maintaining a fund balance level in excess of the prescribed minimum. Current Year Goals and Policies/2000 Budget Action A. Review and revise south sub area plan. Pursue 96th Street improvements through provisions of the Northwest Parkway Intergovernmental Agreement. Evaluate Highway 42/961 Street connection to design a formal downtown gateway entrance on Pine Street for an east/west connection. Highway 42/South Boulder Road to Pine Street - develop streetscape improvement and redevelopment plan. Design of Highway 42/96`h Street connection is funded at $380,000. iii