City Council Agenda and Packet 2010 06 22 SP 2011 BUDGET

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COUNCIL COMMUNICATION TO: MAYOR AND CITY COUNCIL FROM: MALCOLM FLEMING, CITY MANAGER DATE: JUNE 22, 2010 SUBJECT: SPECIAL MEETING – DISCUSSION/DIRECTION 2011 BUDGET ORIGINATING DEPARTMENT: CITY MANAGER’S OFFICE SUMMARY: The City’s budget is the most significant policy considered by the Louisville City Council each year; it establishes the City’s priorities and provides funding to achieve those priorities. This special meeting is the beginning the formal process to prepare the annual budget. Based on public comments and the City Council’s discussion and direction during this meeting, staff will begin preparing the recommended budget for Council consideration in October. Revenue and Expenditure Estimates and Projected Changes to Fund Balances for 2010-2015 The budget is formulated based on assumptions about anticipated revenue and expected expenditures. Those assumptions drive the projections of changes in fund balance. Among staff’s goals for this special meeting is ensuring that the City Council concurs with assumptions on which those projections are based. The following charts reflect the assumptions and targets affecting each fund. Percent of Change Over Prior Year Revenue Assumptions 201020112012201320142015 Sales Tax -2.5-1.00.00.01.02.0 Auto Use Tax 2.50.00.00.01.02.0 Building Use Tax 20.010.020.010.0-10.0-10.0 State Lottery Proceeds -10.0-5.00.01.02.03.0 Water Utility User Fees -10.03.03.03.03.03.0 Water Utility Tap Fees -25.010.020.020.00.00.0 Wastewater Utility User Fees 1.93.03.03.03.03.0 Wastewater Utility Tap Fees -25.010.020.020.00.00.0 Storm Water Utility Fees 11.08.03.03.03.03.0 Percent of Change Over Prior Year Expenditure Targets 201020112012201320142015 Total Salaries & Wages (1) 1.41.92.42.42.82.8 Total Employee Benefits (2) -1.25.96.35.35.65.7 Supplies10.02.52.52.52.52.5 Purchased Services -10.02.52.52.52.5 2.5 SUBJECT SPECIAL MEETING – DISCUSSION/DIRECTION 2011 BUDGET í