City Council Agenda and Packet 2012 06 26 BUDGET RETREAT

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COUNCIL COMMUNICATION TO: MAYOR AND CITY COUNCIL FROM: MALCOLM FLEMING,CITY MANAGER DATE: JUNE 26, 2012 SUBJECT:DISCUSSION/DIRECTIONBUDGET RETREAT ORIGINATING DEPARTMENT:CITY MANAGER’S OFFICE SUMMARY: During this meeting staff will review and focus on revenue assumptions, expenditure targets, major fund forecasts for 2013and the 2013-2017 Capital Improvements Plan(C-I-P). As noted in the transmittal included in the C-I-P, although the C-I-P is presented as a separate document, it is an integral part of the overall budget process and the final budget document. Based on Council discussion and direction on the recommended C-I-P, staff will include the 2013 project costs in the 2013 Recommended Budget, which we will present in October. Staff would also appreciate direction from Council members on goals they would like to see accomplished in 2013 so that those goals, and the resources needed to achieve them, may be incorporated into the 2013 recommended Budget.The Strengths, Weaknesses, Opportunities and Threats (SWOT) identified during theCouncil’s January 10, 2012 special meeting, and the 2012 Council Goals that were formulated during that meeting are attached to stimulate discussion on this topic. FISCAL IMPACT: The Louisville budget is the most important document the City presents each year to the City Council and the community. It will provide direction and funding levels for 2013. RECOMMENDATION: Discussion/Direction onthe following: 1.Revenue Projections and Major Fund Forecasts for 2013 2.2013-2017 Capital Improvements Plan 3.Council’s Goals for 2013 4.Budget Calendar ATTACHMENTS: 1.2013-2017 Capital Improvements Plan 2.PowerPoint Presentation 3.Strengths, Weaknesses, Opportunities and Threats (SWOT) identified during the Council’s January 10, 2012 special meeting 4.2012 Council Goals SUBJECT AGENDA ITEM DISCUSSION/DIRECTIONBUDGET RETREAT 2