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1112 Cityof FINANCE COMMITTEE <br />Om Louisville COMMUNICATION <br />COLORADO • SINCE 1878 ITEM 1 <br />SUBJECT: 2026 SUPPLEMENTAL BUDGET RETREAT PREVIEW <br />DATE: JULY 1, 2025 <br />PRESENTED BY: RYDER BAILEY, CPA, FINANCE DIRECTOR <br />SUMMARY: <br />Next month, July 23rd, from Noon to 5pm City Council will convene for the 2026 <br />Supplemental Budget Retreat in Council Chambers. <br />The Budget Retreat is an early component of the budget process and an opportunity to <br />engage with Council to shape the budget and set priorities. <br />This item is a high-level preview of the format and items anticipated to be discussed. <br />BACKGROUND: <br />The formulation of the City's Budget is one of the most important financial activities that <br />the City of Louisville undertakes each year. The budget process provides a <br />comprehensive plan to deliver efficient services to residents and stakeholders of the City <br />in a manner that aligns resources with the policies, goals, mission, and vision of the City. <br />The following items are anticipated to be discussed: <br />• Budget Calendar Summary and Progress <br />• Review of Relevant City Financial Policies <br />• Budget Guidelines and Guiding Principles <br />• Preliminary Revenue Estimates and Assumptions <br />• Preliminary Expenditure Estimates and Assumptions <br />• Summary of Position/Personnel Requests <br />• Summary of Capital Requests and Operational Expansions <br />• Summary of Service Level Reductions <br />• Preliminary Long -Term Fund Financial Forecasts for Major City Funds <br />• Fiscal and Policy Issues with Significant Impacts <br />• Revisiting the 2025 Budget Process and Outcomes <br />• Background and Overview of City Funds <br />FINANCE COMMITTEE COMMUNICATION <br />3/96 <br />