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1 <br />■ <br />� City of Louisville <br />1 <br />1 <br />749 Main Street Louisville, Colorado 80027 666 - 6565 <br />November 20, 1984 <br />Honorable Mayor and Members of City Council: <br />In accordance with the statutes of Colorado as related to <br />municipal budgeting, I am herewith submitting the recommended <br />budget for city activities and operations for the fiscal year <br />beginning January 1, 1985. <br />The total budget for 1985 recommends expenditures of $16,155,899 <br />from the $16,201,101 in available revenues. <br />The major sources of revenues reflected in the 1985 budget <br />include: <br />1. Carryover Funds <br />2. Water & Sewer Taps <br />3. Proceeds from Bonds <br />4. C.W.C.B. Government Funding <br />5. Water & Sewer User Fees <br />6. Sales Tax <br />7. Service Expansion Fees <br />8. Earnings on Deposits <br />9. Property Taxes <br />10. Franchise Tax <br />The 1985 budget reflects an additional one percent (1%) of sales <br />tax revenue, which if authorized by the electorate, will be <br />utilized for specific capital improvement projects. <br />The items of major importance provided for the budget include: <br />1. A contingent fund of $160,000 which will be expended <br />only upon specific approval by City Council. <br />2. A City Administrator innovative fund of $20,000. <br />3. Allocation of $10,000 for a Classification, Wage and <br />Fringe Benefit Study. <br />