City Council Agenda and Packet 2009 11 02

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Utility); Golf Course; Solid Waste Recycling Utility; Internal Service and Debt Service Funds. The 2010 General Fund Budget significant changes include the following: Eliminated positions and hours; eliminated or reduced programs; increased fees; and cost of streetlights increase of up to $77,000 to $427,000 annually. General Fund Forecast Assumptions: Sales Tax Revenue: -7.0% in 2009, -2.0% in 2010, another 1.0% in 2011, flat in 2012, gradually increase (Ave 1.5 2013 through 2015. Property Tax Revenue: +4.5% in 2010; Ave +2.7% through 2014, 21% in 2015 from ConocoPhillips development. Total General Fund Revenues: +1.9% from 2010 through 2015. Salaries and Wages: +2.45% from 2010 through 2015. Employee Benefits (FICA, Retirement, Health Care, and Workers' Compensation): +4.8% from 2010 through 2015. Total General Fund Expenditures: +1.6% from 2010 through 2015 -3.6% in 2010), including annual "turnback" of 3 Council was asked to consider the following: Does the proposed budget reflect guiding principles? Are revenue and expenditure estimates reasonable? Does the budget adequately reflect the City's needs? Can the City maintain services over the long -term? Mayor Sisk requested public comments. PUBLIC COMMENTS City Council Meeting Minutes October 20, 2009 Page 5 of 15 Eva Kosinski, 1301 Jackson Court, Louisville, CO stated many key City services were sacrificed for recreation services. She noted the core services are police, public works and building safety and not the golf course or recreation facilities. COUNCIL COMMENTS Mayor Pro Tem Marsella asked for clarification on the reduction to the events budget. City Manager Fleming explained in 2009, the line item for the July 4th event is $36,900; $7,000 was raised, for a net budget contribution of $29,900. The actual cost for the event was $40,647; $10,651 was raised for a net cost to the City of $29,997 ($96.00 over budget). The recommended budget for 2010 is $30,000, with required fund raising of $7,000, for a net budget amount of $23,000. In 2009, the Fall Festival budget was $24,000; $4,500 was required for a net 2009 budget spending of $19,500. The actual cost for 2009 was $25,577, with