1993 BUDGET - Laserfiche WebLink

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purchases and sells food, beverages, merchandise, supplies and services; and performs other day-to-day activities relative to the facility. For 1993 golf operations fees are based on 54,000 rounds of golf. Included in the 1993 revenues are an increase of $.50 for nine play for both residents and non-residents; a $1.00 increase for resident 18-hole play; and a $1.50 increase for non-resident 18-hole play. Total gross revenues for 1993 are budgeted at $1,926,560. 1993 operating expenditures are proposed at $1,000,835. The 1993 Golf Course capital outlays of $302,145 include: clubhouse expansion, $130,000; tee and fairway improvements, $5,000; drainage irrigation, $10,000; tree planting $5,000; point of sale software, $7,000; building structures and bridges, $10,000; landscaping and signage, $5,000; improvements to the Golf Course pond, $4,000; concrete cart paths, $20,000; wet lands, $23,145; and new or replaced capital equipment of $50,000. Internal Service Fund: In 1991 the City of Louisville established the Internal Service Fund for the purpose of escrowing money for the replacement of governmental fund assets, such as office equipment, machinery and equipment, vehicles and furniture/fixtures. Resources for financing the replacement of capital equipment is generated by amortizing the cost of capital equipment over its estimated useful life. This is accomplished by charging each general user department its appropriate depreciation expense. The total 1993 Internal Service Fund budget is $47,560. SUMMARY The 1993 Budget addresses the continuing and emerging needs of our community. It provides funding for the goals articulated by City Council, goals that were jointly defined and honed by Council and staff throughout the budget process. It meets the restrictions of Amendment One for spending and revenue limitations while providing an atmosphere to achieve priority AAA designated goals. It maintains existing service levels, enhances some services, begins long- awaited capital projects, provides equitable salary and benefits for our employees. It addresses the needs of the City from downtown improvements to the water utility system, from parks to computers, from Library services to roadways. I feel this proposed budget meets Council's and the community's priorities and goals for Louisville within the resources available to accomplish those priorities and goals. The management team is committed to enthusiastic and conscientious implementation of Council's priorities and goals through this 1993 budget. Respectfully submitted, ette A. Brand City Administrator ix