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City of Louisville <br />749 Main Street Louisville, Colorado 80027 666 - 6565 <br />September 20, 1988 <br />Honorable Mayor Herman Fauson <br />Members of City Council <br />RE: 1989 Budget Message <br />Gentlemen: <br />Pursuant to Colorado State Statutes, we are pleased to <br />submit the recommended 1989 Louisville City Budget. Information <br />contained in this document reflects your input from various study <br />sessions and recommendations from each department outlining <br />necessary levels of funding in order to maintain the desired <br />levels of services. Preparation of the 1989 Budget is based on <br />projected revenues of $12,403,637 and total expenditures of <br />$9,748,612. <br />Major Sources of Revenue: <br />Bond Proceeds 21.9% <br />- Taxes 18.9% <br />- Users Fees 18.4% <br />- Fund Balance and Misc. 17.2% <br />- Tap Fees 11.3% <br />- Service Expansion Fees 9.0% <br />- Interest Earnings 3.3% <br />Projections of 1989 revenues and expenditures reflect the <br />continuation of a sluggish economy on the front range and a <br />modest increase in the levels of services provided in limited <br />areas. It is expected that new housing starts will be lower than <br />previous years, but sufficient to accommodate debt service <br />requirements. <br />