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10:4V 2003 BUDGET HIGHLIGHTS Trevenue e City of Louisville finished the 2002 budget year with a 1.3% decrease in total Il JET and a 3.5% 11 decrease in total 2003 Total Revenues - By Category expenditures. In adopting the 2003 budget, the Charges for City Council has taken a conservative approach to Services 36.2% projecting revenues, trimmed budgeted expenditures, and adopted a three step "Budget Fines a 6 rfeitures » Intergovernmental Contingency Plan. With that plan, if revenues 33% Miscellaneous 5.4% Licenses&decrease by more than 5% during any period, 2.7% -■811101111. specific budget cutting measures will be other axes General Property implemented. Taxes Franchise Tax 69% 2.7% The pie chart to the right is a breakdown of Lodging Excise Tax revenue sources in the City's general fund. As you 0.9% Use Tax Tax can see, a significant portion of the services we 7.2% a Sales les provide to our residents are funded by sales tax. Remember that by spending your money locally al you are supporting your City services. Large capital projects budgeted for 2003 include lr the construction of a new police facility and sidewalk General Fund 2003 Expenditures by Department and street reconstruction. Engineering continues for the Highway 42/96th Street Connection. Construction Land Recreation and is anticipated to begin before the end of the year. Management Sr Services Additional capital projects will be considered by the 10.1% 16.3% City Council and prioritized during the first quarter of Library 2003. 6.8% GovernmeGeneral nt As we focus on water management during this time 13.6% of drought, the major emphasis of the Water and Sewer Planning 6.3% Finance Enterprise Fund is the purchase of additional water 2.4 rights for the city, as well as work to make "gray" water available for irrigating parks and open space lands. Police If you have questions about the City budget, please Public Works 27.3% 17.3% contact Charlene Laus, Director or Finance, at 303- 335-4505. i Annual Sales Tax Comparisons 12000000 9663210 10090337 9675069 9370711 10000000 / 7682763 ' 0 41.1.1.1111 8000000 6654927 6000000 4695839 . , 4000000 2000000 . 0 a� __ 1996 1997 1998 1999 2000 2001 2002 Spring 2003 m.