2006 BUDGET (353 pgs) - Laserfiche WebLink

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3% sales tax be allocated for Capital Projects. The Conservation Trust — Land Acquisition Fund receives .375% of the sales tax dollars for open space land purchases. Expenditures Operating Operating expenditures include the costs of personnel and the purchase of supplies and services. Total operating expenditures in the 2006 budget are $19,079,146. This amount is an increase over the 2005 budget of 2%. Personal services in all funds were increased 3.5% over the 2005 budget. The increase includes an approximate 1.0% cost of living raise and a 2.5% merit increase. In addition to salary increases for existing positions, the City's benefit costs, including health insurance, increased over 10% and adjustments to employee contributions were made to offset a portion of these increases. One FTE position is expected to be added to the Land Management Department to maintain the new 17 acre community park. The city allocated $100,000 to a new activity cost center for a business retention program and $100,000 for expected increases in operating costs for the new 32,500 square foot library. Other fixed costs for the City increased in 2006 due to a 15-20% increase across the board for electricity and gas. Street lighting in 2006 is estimated to cost the City over $1,000 per day. Several expenses were eliminated to offset these fix costs increases such as cuts in employee programs, community activity programs and overtime expenses. In addition, the City reduced its capital spending budget by over $1.0 million to balance these increased operating costs. Capital Expenditures Capital expenditures in all funds are budgeted at $11,601,115. Capital expenditures include the purchase of equipment, transportation and street improvements, construction of capital facilities, purchase of land, development of parks, etc. The more notable capital projects are: > Street Reconstruction Program $1,270,000 > Dillon Rd. Engineering/Construction $1,395,000 > City Hall Renovations $1,466,476 Below is an expense chart that breaks out expenditures by department for operations, capital and debt. The chart reveals that our two largest expense items are operational costs for the water & wastewater departments and the police department. The City of Louisville is a full -service municipality providing utility and safety services to its citizens and continues to invest heavily in those services.