1995 BUDGET - Laserfiche WebLink

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The meter Fnnd revenues of $24,875 consist of fees derived form the sale of cemetery plots and are restricted for perpetual care of the cemetery. The Cemetery Funds also will have a beginning fund balance of $231,489 in 1995. Based on the total revenues and the fund balance for 1995, interest earnings anticipated in this fund are $9,875 and will be transferred to the General Fund to offset operational costs of maintaining the cemetery. The major source of revenue for the Combined Capital improvement Fund is revenue from the service expansion fee and major thoroughfare fee which are collected during the building permit process. These fees are restricted for the construction of buildings and park facilities; improvements to street, sidewalks, and trails; the acquisition of trees; improvements to drainage systems; and the purchase of capital equipment. The 1995 funding level for capital improvements projects is $2,730,100, which represents a decrease of 38.2 percent over 1994 level of $4,417,820. The major projects to be funded from the Combined Capital Improvements Fund are as follows: • Approximately $1,275,000 is allocated in 1995 for construction of a multi -field sports complex on the Harney-Lastoka open space property the City purchased in the Spring of 1993. • Design and construction of the new "Park at the Meadows" in 1995 at $260,000. • Renovation of the Louisville Center for the Arts in 1995 at $80,000. • Continued support and assistance for completion of the Coal Creek/Rock Creek Trail Project at $50,000. • Installation of new traffic signals at approximately $304,000 in 1995. • Upgrade to the Railroad crossing on Pine Street for $166,000 in 1995 • Approximately $69,000 has been allocated for storm drainage improvements during 1995. • Approximately $105,000 is dedicated in 1995 for phase I of the proposed City Hall Expansion project. Phase I consists of a comprehensive space utilization and needs analysis for expansion and if necessary development of appropriate design documents and other pre -construction materials. Construction, if necessary, would likely occur in 1996. • New computer equipment and upgrades to existing systems will be provided in 1995 at $35,000. vi