Laserfiche WebLink
Lcityof <br />Louisville <br />COLORADO • SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />ITEM 5 <br />SUBJECT: 2026 BUDGET UPDATE / RETREAT RECAP <br />DATE: AUGUST 21, 2025 <br />PRESENTED BY: RYDER BAILEY, CPA FINANCE DIRECTOR <br />MAHYAR MANSURABADI, FINANCIAL ANALYST <br />SUMMARY: <br />This item is on the Agenda to provide Finance Committee a status update on the 2026 <br />Budget and Recap of the July 23rd Budget Retreat. <br />Staff will present a brief Budget Update and a recap of the Budget Retreat and the <br />feedback received. <br />Achieved a Structurally Balanced Budget in advance of the September 2nd City <br />Manager's Recommended Budget. <br />BUDGET DEVELOPMENT TIMELINE AND DATES: <br />On July 1st, the Finance Committee held a special budget meeting to preview preliminary <br />budget progress ahead of the Budget Retreat. <br />• Tuesday. July 1st (Virtual) — Finance Committee Special Meeting - Budget Retreat <br />Preview — Link to Materials <br />On July 23rd, the City Council held its Annual Budget Retreat. Materials are found on our <br />City website, linked below. <br />• Tuesday. July 23rd (Council Chambers) — Budget Retreat — Link to Materials <br />Future 2026 Budget public meetings are expected to be held on the following dates: <br />• Tuesday. September 2nd (Council Meeting) City Manager's Recommended <br />Budget Presentation <br />• Tuesday. October 21st — (Council Meeting) — City Manager's Final Budget <br />Presentation <br />• Monday, November 3rd — (Council Meeting) — Budget Adoption <br />FINANCE COMMITTEE COMMUNICATION <br />14/106 <br />