City Council Minutes 2003 11 18 - Laserfiche WebLink

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Louisville City Council Meeting November 18, 2003 Page 4 of 11 · Development revenue is estimated at $1,732,069, a 40% decrease form the 2003 estimate, due to the slowdown in development throughout the City. Laus reviewed the expenditures in all funds in the 2004 budget are $41,165,055. Included in the amount is $17,799,073 for operating expenditures, $3,075,495 for payment of debt service, and $20,290,487 for capital improvements. Total uses of funds, including operating transfers out and inter fund loan repayments are $42,244,295. · Personal Services increased 2.3% over the 2003 budget. · Capital Improvements overall funds are approximately $20,290,000. Laus highlighted the projected revenues: General Fund $12,496,412; Franchise tax increase of $76,000 over 2003 budget; Licenses and permits decrease of approximately $156,000 from 2003 budget; Charges for services (primarily recreation center fees) projected $75,000 over 2003 budget. She stated the projected the General Fund departmental expenditures at $12,475,330, an increase of 1.8% over 2003. Some of the notable expenditures included in the general fund departmental expenditures are as follows: · $15,000 for a Citizen Opinion Survey · $10,000 contribution to the Downtown Business Association for the Street Faire · Night at the Rec program budgeted at $71,643 with a corresponding revenue source of $72,000 · Opening Memory Square Pool through Labor Day · $35,512 for the new police/court facility for five months of operation · $6,500 for printing and $2,200 for postage for the publication of two additional community newsletters · $6,000 for the Historic Preservation Commission · $10,000 for DASH, a one-time expense for 2004 only · $11,000 for US 36 for Louisville's share of regional lobbying effort to obtain federal funding · $3,000 approximate increase in Special Transit costs or an increase of over 10% · 1.8% approximate increase in personnel costs for existing positions and the addition of temporary/part-time personnel for the Nite at the Rec program in the amount of $22,000 for the total general fund personal services increase of 2.0% Laus reviewed other funds: · Northwest Parkway Fund includes additional revenues from CDOT of $150,000 in 2004 · McCaslin Interchange Fund includes a transfer of the entire fund balance to the Capital Projects Fund for the completion of the McCaslin Interchange project · Conservation Trust-Land Acquisition Fund includes addition of the Land Management Opens Space program and a full-time position · Cemetery Perpetual Care Fund reflects 50% of the revenue from sales of plots · Capital Projects Fund includes approximately $6.5 million in capital improvements 4