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Cityot <br />Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL C' <br />Preliminary Draft <br />For Finance Committee <br />Discussion Only <br />SUBJECT: RESOLUTION NO. XX, SERIES 2015 — A RESOLUTION <br />AMENDING THE 2015 BUDGET BY AMENDING <br />APPROPRIATIONS IN THE GENERAL FUND, URBAN <br />REVITALIZATION DISTRICT FUND, OPEN SPACE & PARKS <br />FUND, CONSERVATION TRUST — LOTTERY FUND, CEMETERY <br />FUND, HISTORIC PRESERVATION FUND, CAPITAL PROJECTS <br />FUND, WATER UTILITY FUND, WASTEWATER UTILITY FUND, <br />STORM WATER UTILITY FUND, GOLF COURSE FUND, AND <br />FLEET MANAGEMENT FUND FOR CARRY FORWARD OF <br />APPROPRIATIONS AND ADDITIONAL EXPENDITURES WITHIN <br />SUCH FUNDS AND ADJUSTING BUDGETED REVENUE IN THE <br />GENERAL FUND, OPEN SPACE & PARKS FUND, HISTORIC <br />PRESERVATION FUND, CAPITAL PROJECTS FUND, IMPACT <br />FEE FUND, GOLF COURSE FUND, AND DEBT SERVICE FUND <br />— PUBLIC HEARING (Advertised Daily Camera 05/03/2015) <br />DATE: MAY 5, 2015 <br />PRESENTED BY: KEVIN WATSON, FINANCE <br />SUMMARY: <br />The attached resolution proposes a series of amendments to the City of Louisville's <br />2015 Operating & Capital Budget. Staff requests these proposed amendments to: <br />1. Carry - forward unused appropriations from 2014 to 2015 for projects that Council <br />approved for 2014 but, for various reasons, staff needed to extend work on the <br />project or purchase into 2015. In other words, staff asks for the unspent budgets <br />for projects not completed, or equipment not purchased, in 2014 to be added to <br />the current 2015 budget. Total carry - forward = +$10,946,890. <br />2. Formally adopt other adjustments to the 2015 expenditure budget. These <br />adjustments are for items that staff did not anticipate, or were not measureable, <br />at the time Council adopted the original 2015 budget in November of 2014. Staff <br />has previously discussed many of these items with the Council, but they have not <br />been formally incorporated into the City's 2015 expenditure budget. Total other <br />adjustments = +$19,767,240. <br />3. Formally adjust the revenue budget to new revenue estimates or for new revenue <br />sources that staff did not anticipate, or were not measureable, at the time Council <br />adopted the original 2015 budget in November of 2014. Total revenue <br />adjustments = +$18,588,640. <br />CITY COUNCIL COMMUNICATION <br />16 <br />