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<br />City Council <br />Meeting Minutes <br />October 20, 2009 <br />Page 5 of 15 <br /> <br />Utility); Golf Course; Solid Waste & Recycling Utility; Internal Service and Debt <br />Service Funds. <br /> <br />The 2010 General Fund Budglet significant changes include the following: <br />Eliminated positions and hours; eliminated or reduced programs; increased fees; <br />and cost of streetlights increase of up to $77,000 to $427,000 annually. <br /> <br />General Fund Forecast Assumptions: <br /> <br />. Sales Tax Revenue: -7'.0% in 2009, -2.0% in 2010, another 1.0% in 2011, <br />flat in 2012, gradually increase (Ave 1.5%) 2013 through 2015. <br />. Property Tax Revenue: +4.5% in 2010; Ave +2.7% through 2014, + 21% <br />in 2015 from ConocoPhillips development. <br />. Total General Fund RE~venues: +1.9% from 2010 through 2015. <br />. Salaries and Wages: +2.45% from 2010 through 2015. <br />. Employee Benefits (FICA, Retirement, Health Care, and Workers' <br />Compensation): +4.8%) from 2010 through 2015. <br />. Total General Fund Expenditures: +1.6% from 2010 through 2015 (-3.6% <br />in 2010), including annual "turnback" of 3%. <br /> <br />Council was asked to consider the following: Does the proposed budget reflect <br />guiding principles? Are revenue and expenditure estimates reasonable? Does <br />the budget adequately reflect the City's needs? Can the City maintain services <br />over the long-term? <br /> <br />Mayor Sisk requested public comments. <br /> <br />PUBLIC COMMENTS <br /> <br />Eva Kosinski, 1301 Jackson Court, Louisville, CO stated many key City services <br />were sacrificed for recreation services. She noted the core services are police, <br />public works and building safBty and not the golf course or recreation facilities. <br /> <br />COUNCIL COMMENTS <br /> <br />Mayor Pro T em Marsella asked for clarification on the reduction to the events <br />budget. City Manager Fleming explained in 2009, the line item for the July 4th <br />event is $36,900; $7,000 was raised, for a net budget contribution of $29,900. <br />The actual cost for the event was $40,647; $10,651 was raised for a net cost to <br />the City of $29,997 ($96.00 over budget). The recommended budget for 2010 is <br />$30,000, with required fund raising of $7,000, for a net budget amount of <br />$23,000. <br /> <br />In 2009, the Fall Festival budget was $24,000; $4,500 was required for a net <br />2009 budget spending of $1 ~1,500. The actual cost for 2009 was $25,577, with <br />