City Council Agenda and Packet 2024 07 24 - SP

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SUBJECT: 2025/2026 BUDGET RETREAT DATE: J U LY 24, 2024 PAGE 5 OF 16 EXPENDITURE ESTIMATES AND ASSUMPTIONS The following table contains a summary of significant expenditure categories. TABLE 2: SUMMARY OF EXPENDITURE ACTUALS, ESTIMATES, & TARGETS City of Louisville, Colorado Summary of Expenditure Actuals, Estimates, and Targets for Major Expenditure Categories Year -Over -Year Percent of Change 2018 -2030 Percent of Change Expenditure Category 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Regional Consumer Price Index Salaries &Wages: Regular Wages Variable & Seasonal Wages Overtime Employee Benefits: Employee Insurance FICA Expense Retirement Contribution All Employee Compensation Supplies: Chemicals Vehicle Maintenance Supplies Street Supplies Uniforms & Clothing Library Books & Media All Supplies Purchased/Contracted Services: Professional Services Utilities Solid Waste Hauling Parts, Repairs, & Maintenance Legal Services Insurance Premiums & Deductibles Boulder Dispatch Services All PurchasedlContracted Services 2.7% 1.9% 2.0% 3.5% 8.0% 5.2% 3.5% 3.3% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 10.2% 2.2% 4.6% 9.6% 7.1% 16.6% 14.0% 7.0% 7.0% 7.0% 7.0% 7.0% 6.0% 22.9% -32.9% 34.0% 38.3% 7.7% 16.7% 7.2% 4.0% 4.1 % 3.9% 3.9% 3.9% 21.8% 2.7% 2.0% -4.3% 33.0% -11.5% -7.8% 5.5% 2.5% 2.5% 2.5% 2.5% 2.5% -1.6% 8.6% 3.2% 0.0% 6.4 % 3.2% 30.8 % 23.0% 7.5% 7.5% 7.5% 7.5% 7.5% 4.4% 11.1% -2.8% 7.7% 12.5% 7.9% 11.8% 12.6% 12.9% 6.5% 6.5% 6.5% 6.6% 1.1% 10.0% 2.0% 5.6% 28.3% 17.3% 12.1% 15.6% 7.5% 6.9% 6.9% 6.9% 6.9% 3.1% 11.1% -1.1% 5.7% 13.0% 6.8% 16.3% 14.2% 7.0% 6.6% 6.6% 6.6% 6.7% -7.9% 41.7 % -4.9% 3.5% 28.6 % 20.0% 4.7% -5.1 % 33.2% -4.7 % -9.5% 9.4% 44.2 % -6.6% -11.9 % 4.6% 17.7% -13.0% 1.1% -17.6% 22.8% 38.8% 0.9% -4.2% -1.2% -3.0% 9.3% -7.8% 1.8 % 15.1% 5.9 % 11.4% 5.5% 3.9% -22.5% 0.6% 52.4% 9.9% 1.9% 5.6% 1.7 % 3.0% 3.0% 3.0% 3.0% 1.3% 3.0% 3.0% 3.0% 3.0% 0.0% 3.0% 3.0% 3.0% 3.0% 1.2% 3.0% 3.0% 3.0% 3.0% 1.7% 3.0% 3.0% 3.0% 3.0% 5.7% 10.3% -4.2% -2.8% 90.9% -24.0% 15.4% 5.6% 0.2% 2.9% 3.0% 3.0% 3.0% -2.4% 19.6% 2.2% 65.5% -20.2% 2.2% 1.9% 11.1% 3,3% 1.2% 6.3% 41.7 % 28.1% 0.8 % -4.9 6.9% -7.0 -18.2% -0.5 34.3% 1.5% 10.2% 25.8% 18.6% 1.8% 16.9% -13.0% 3.9% -3.0% 6.6% 17.5% 11.3% 3.1% 9.5% -13.5% 6.3% 12.6% 18.7% 12.4% 12.6% 2.3% 9.6% -5.9% 9.4% 14.7% 4.2% 6.5% 5.5% 6.2% 19.0% 1.8 % 2.5% 24.5% 19.6% -13.2 % 9.1% -11.2% 1.0 % 4.0% 0.1 % 3.1% 19.7% 5.0% 2.5% 4.8% 4.9% 4.9% 3,5% 3.5% 3.5% 3,5% 4.0% 4.0% 4.0% 4.0% 3.6% 3.6% 3.6% 3.6% 5.0% 5.0% 5.0% 5.0% 7.0% 7.0% 7.0% 7.0% 3,5% 3.5% 3.5% 3,5% 10.0% 8.6% 4.8% 3.5% 34.9% -6.6% 9.7% 6.1% -1.3% 3.7% 4.3% 4.3% 4.3% Please note that all preceding revenue estimates/assumptions and expenditure budgets/targets are simply a place to start in developing the 2025-2026 Biennial Budget, the Capital Improvements Plan, and the Long -Term Financial Plan. All assumptions and targets will be revised continuously over the next few months as the City Manager reviews the budget requests and as staff receives updated information. CITY COUNCIL COMMUNICATION 6