2010 BUDGET - Laserfiche WebLink

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th Reducing expenditures for various special events (4 of July, Fall Festival, John Breaux Clean-Up Day, Festival of Lights) by 20%. Savings: $19,000 Eliminating grants to non-profit agencies. Savings: $16,500 Reducing contractual pruning operations. Savings: $15,000 Revenue Increases There are several areas where we have not adjusted fees in many years—in spite of increasing costs to the City. As part of a balanced response to the decline in revenues, we have increased fees or imposed new fees for services where we can do so without creating an undue hardship, or where our existing fees do not adequately cover our costs. The items listed below include the more significant increases in fees and charges implemented during the last quarter of 2009 or first quarter 2010. Eliminating the Sales Tax Vendor Fee . The City authorizes sales tax vendors to withhold 3.33% of the tax they collect, up to a maximum of $100 per return. Eliminating vendors' ability to keep the fee in Louisville would be similar to action the State of Colorado has taken and may minimize confusion. We expect repealing the vendor fee will result in approximately $120,000 in additional revenue to the City annually. We estimate the following revenue increases by fund: General Fund $68,570, Capital Projects Fund $34,280, Conservation Trust Fund $12,870, Historic Preservation Fund $4,280. Building Permit Valuation and Fees. Based on the adopted increases to the valuation tables and permit fees, we anticipate a $75,000 increase in General Fund building permit revenue and development review fees for 2010 (assuming the same level of building activity as 2009). Senior Services Membership Fee. Implementing a Membership Fee ($12.00/year for residents and $24.00/year for non-residents). Annual Revenue $10,000. Recreation Center and Memory Square Pool. By increasing membership fees, admission fees, lesson fees and swimming pool rental fees at the Recreation Center and Memory Square Pool we expect these facilities to generate $18,225 in additional revenue in 2010. This is the first increase in Recreation Center memberships in six years and the first increase in swim lessons in nine years. Contingencies Under the Intergovernmental Agreement with the Town of Superior for Library Services, the Town of Superior voters are scheduled to consider in April 2010 a ballot issue asking whether the Town of Superior shall establish a tax levy of 1.5 mills dedicated for library services. If Town of Superior voters reject that mill levy it will be necessary to take immediate steps to reduce the current subsidy of Library services for residents of Superior. If this is necessary, among the steps we would likely take is closing the Library on one day each week. Budget Highlights General Fund Primarily because of anticipated declines in Sales Tax, Construction Permits, Building Use Tax, Lodging Tax, and Auto Use Tax, total General Fund revenue for 2009, excluding interfund transfers, is projected to decline by $941,000, or 6.8% from 2008. General Fund revenue for 2010 is budgeted to remain relatively flat when compared to 2009 estimates. The following two pie charts illustrate the General Fund sources and uses of funding. ì