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LL Cityof CITY COUNCIL COMMUNICATION <br />Louisville AGENDA ITEM 2 <br />COLORADO • SINCE 1878 <br />SUBJECT: DISCUSSION/DIRECTION — RECOMMENDED BUDGET FOR <br />2024, INCLUDING UPDATED CAPITAL IMPROVEMENTS PLAN <br />FOR 2023-2028 & UPDATED LONG-TERM FINANCIAL PLAN <br />FOR 2023-2028 <br />DATE: SEPTEMBER 12, 2023 <br />PRESENTED BY: JEFF DURBIN, CITY MANAGER <br />RYDER BAILEY, CPA, FINANCE DIRECTOR <br />UPDATE FROM SEPTEMBER 5t" CITY MANAGER'S 2024 RECOMMENDED <br />BUDGET PRESENTATION: <br />Based on feedback from the September 5t" City Manager's 2024 Recommended Budget <br />presentation, staff has compiled additional information as requested, which is presented <br />in the attached PowerPoint (Attachment 4) titled' September 12t" Budget Special Session <br />PowerPoint'. Note, Attachments 1 — 3 were provided for the September 5t" presentation <br />and are unchanged. <br />SUMMARY: <br />Please find the attached Budget Transmittal Letter from the City Manager summarizing <br />the 2023-2024 Operating & Capital Budget, 2023-2028 Capital Improvements Plan, and <br />2023-2028 Long -Term Financial Plan. <br />FISCAL IMPACT: <br />See attachments. <br />RECOMMENDATION: <br />The City Manager will provide a summary of the recommended budget, address <br />questions, and request the City Council schedule the formal public hearing on the budget <br />for October 17, 2023. During the City Council's subsequent Budget Study Session on <br />September 12th staff will seek direction on any changes desired, or additional information <br />City Council members require in order to finalize the budget. Based on public comments <br />and City Council direction during budget meetings, staff will finalize the budget for <br />adoption at the City Council's November 6, 2023 meeting. <br />ATTACHMENTS: <br />1. Budget Transmittal Letter from City Manager summarizing the 2023-2024 <br />Operating & Capital Budget, 2023-2028 Capital Improvements Plan, and 2023- <br />2028 Long -Term Financial Plan <br />2. Updated Summary of 2023-2028 Capital Improvement Plan <br />3. PowerPoint Presentation — 2024 City Manager Recommended Budget <br />4. PowerPoint Presentation — September 12t" Budget Special Session <br />5. CIP Project Request Form — City Services Security Camera Upgrade <br />CITY COUNCIL COMMUNICATION <br />2 <br />