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Debt Service <br />Debt service expenditures in all funds are budgeted at $2,868,973 and include the <br />following scheduled payments: <br />2006 Payment' Maturity <br />General Obligation Golf Course Bonds - 2002 <br />$ 261,075 <br />2012 <br />Limited Tax General Obligation Library Bonds - 2004 <br />508,184 <br />2023 <br />Sales Tax Refunding Revenue Bonds - 2003 <br />450,463 <br />2013 <br />City of Greeley - Windy Gap Lease Payable <br />61,964 <br />2017 <br />2003 Colorado Water Resources & Power Development <br />Authority Note Payable <br />648,806 <br />2012 <br />1992 Colorado Water Resources & Power Development <br />Authority Note Payable <br />938,481 <br />2024 <br />Total Debt Payments <br />$ 2,868,973 <br />Goals and Policies <br />The City of Louisville has many policies in place that help to shape the budget. These <br />include: <br />> The City of Louisville will seek to provide only those public services that <br />citizens require or support, and for which they are willing to pay. <br />> The minimum unreserved, undesignated fund balance of the General Fund shall <br />be calculated annually at 15% of the current operating budget. <br />> Capital projects will still be a focus of Louisville with continued investment in <br />infrastructure and improvement of quality of life as primary goals. <br />Goals with 2006 Budget Impact <br />During the 2006 budget process, many goals were defined that will impact our <br />community in 2006 and beyond. Those goals that have a budgetary impact in 2006 <br />include: <br />A. Maintain Louisville as a safe city. <br />o The high risk tactical and entry training has continued since 2000, currently at <br />$12,000. <br />o Four new replacement police vehicles are budgeted in the Fleet Management Fund at <br />$183, 500 <br />B. Completing a remodel of City Hall <br />vi <br />