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RESOLUTION NO. 70 <br />SERIES 2023 <br />A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR <br />EACH FUND AND ADOPTING A BUDGET FOR THE CITY OF LOUISVILLE, <br />COLORADO FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY <br />OF JANUARY 2024 AND ENDING ON THE LAST DAY OF DECEMBER 2024 <br />WHEREAS, the City Council of Louisville has appointed the City Manager <br />to prepare and submit a proposed budget to said governing body at the proper <br />time; and <br />WHEREAS, the City Manager submitted a proposed budget to the City <br />Council of Louisville on September 5, 2023, for its consideration; and <br />WHEREAS, upon due and proper notice, published or posted in accordance <br />with the law, said proposed budget was open for inspection by the public at a <br />designated place, a public hearing was held on October 17, 2023, and interested <br />taxpayers were given the opportunity to file or register any objections to said <br />proposed budget; and <br />WHEREAS, whatever increases may have been made in the expenditures, <br />like increases have been made to revenue, or reserves have been used, so that <br />the budget remains in balance, as required by law. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br />SECTION 1. That the estimated revenue and expenditures for each fund as <br />provided for in the budget are as summarized below in Exhibit A. <br />SECTION 2. That the budget as submitted, amended, and herein summarized by <br />fund, a copy of which is attached hereto and incorporated herein by this reference, <br />hereby is approved and adopted as the budget of the City of Louisville for the <br />calendar year beginning on the first day of January 2024 and ending on the last <br />day of December 2024. <br />SECTION 3. That the budget hereby approved and adopted shall be signed by <br />the Mayor and City Clerk and made a part of the public record of the City of <br />Louisville, Colorado. <br />Resolution No. 70, Series 2023 <br />Page 1 of 2 <br />