2005 BUDGET - Laserfiche WebLink

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Page 4 • Balancing the Budget Beginning Cash $28, 794, 774 Plus: Revenue $28, 647, 908 Less: Expenses ($44,158, 536) Ending Cash $13,284,146 The City of Louisville - A great place to live Louisville offers a small-town atmosphere with convenient access to the cultural amenities and economic opportunities of the Denver -Boulder metropolitan area. Louisville is a vital community of 19,000 people boasting three elementary schools, one secondary school and a combined k-8 and high school. Revenue and Expenses - It's all about services! ❖ Louisville has one police station with 38 full-time staff, including 33 sworn officers, 15 patrol units, 3 detective cars, 1 SUV, 2 code enforcement trucks responding to 22,000 events per service year. ❖ Louisville has a Water fund that supports 125 miles of water mains, treating and moving nearly 3.0 million gallons to residents on average per day at two water treatment plants. The Wastewater Fund maintains 118 miles of sewage lines, which ships sewage to the Coal Creek sewage treatment plant. ❖ The water shed for the City's water basin is South Boulder Creek and its supply is diverted at Eldorado Springs and delivered to the residents of Louisville. ❖ Recreation is a high priority in Louisville, with 27 parks, one 18 hole golf course, 9 bocci ball courts, 2 swimming pools, 1 arts/cultural center, 11 tennis courts, 1 in -line skating rink and a newly constructed skate park that will be completed around the 1st of December 2004. The Recreation/Senior Center offers over 1,444 recreational opportunities for adults, seniors and youth during a given year including; ballet, Kids- Nite-Out, music, arts, gymnastics, swimming and all types of sports. Overall attendance (daily visits/recreation programs) is projected to be 228,994 participants in 2004. ❖ Louisville has 185 lane miles of streets, which the City repairs, replaces, sweeps and clears of snow. The City also funds the replacement of curbs, gutters, and sidewalks. ❖ Louisville has a Moody's rating of "Aaa" for its Water Resources Revenue Bonds, and a Standards Et Poors Insured Rating of "AAA" and an Underlying Rating of "A" for its Sales Tax Revenue Bonds. ❖ Louisville maintains internal service funds, which allocate the cost of replacing vehicles and computer equipment to spread the costs of replacements over time. This includes a building maintenance fund used for repairs to the City's buildings. ❖ Louisville's 2005 sales tax revenue is expected to be up 2.5% over 2004. Of the over $10 million collected in sales tax 11% goes towards open space land purchases, 53% goes to general operations and 36% goes towards capital improvement projects.