2004 BUDGET - Laserfiche WebLink

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Debt Service Debt service expenditures in all funds are budgeted at $3,075,495 and include the following scheduled payments: 2004 Payment Maturity General Obligation Golf Course Bonds - 2002 $ 261,713 2012 Limited Tax General Obligation Library Bonds - 2004 (estimated) 586,400 2023 Sales Tax Refunding Revenue Bonds - 2003 451,523 2013 1992 Colorado Water Resources & Power Development Authority Note Payable 651,166 2012 City of Greeley - Windy Gap Lease Payable 62,004 2017 Superior Metropolitan District #1 and NCWCD - Windy Gap 124,008 2017 2003 Colorado Water Resources & Power Development Authority Note Payable 938,681 2024 Total Debt Payments $ 3,075.495 Capital Expenditures Capital expenditures in all funds are budgeted at $20,290,487. Capital expenditures include the purchase of equipment, transportation and street improvements, construction of capital facilities, purchase of land, development of parks, etc. Some of the more notable projects included in the 2004 budget are: Street Reconstruction $1.5 million McCaslin Interchange Improvements $1.5 million Library Facility Construction $7.2 million Community Park Phase I Design & Construction $1.2 million Land Acquisition for Open Space $2.5 million Water and Wastewater System Improvements $2.0 million Goals and Policies The City of Louisville has many policies in place that help to shape the budget. These include: • The City of Louisville will seek to provide only those public services that citizens require or support, and for which they are willing to pay. • The minimum unreserved, undesignated fund balance of the General Fund shall be calculated annually at 15% of the current operating budget. • Capital projects will be a main focus, with continued investment in infrastructure and improvement of quality of life as primary goals. iv