Parks and Public Landscaping Advisory Board Agenda and Packet 2020 11 05

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LL Ce ItY0 Louisville PARKS, RECREATION & OPEN SPACE DEPARTMENT Memorandum To: Parks and Public Landscaping Advisory Board (PPLAB) From: Nathan Mosley, Director of Parks, Recreation and Open Space Date: November 5, 2020 Re: Update on 2020 Budget Impacts and Proposed 2021122 Operational and Capital Improvement Project Budgets. Purpose The purpose of this memo is to provide an update to PPLAB on the financial impacts of the Covid 19 outbreak to the Parks Division and the Open Space and Parks Fund. These impacts are related to the 2020 Capital Improvement Projects (CIP) and operational expenditures. The memo also provides an update on the 2021-22 budget process. Background In mid -March the City of Louisville closed or altered operations at all City facilities due to the Covid 19 outbreak. These closures were made in an effort to reduce community transmission of the virus consistent with State and local requirements and public health guidance and protect staff and residents. While many facilities were closed or adjusted their operations in come capacity, the City's outdoor facilities have continued to be heavily used throughout the pandemic with minimal closures. Covid 19 has had significant impacts on revenue to the city as a whole, which in turn impacts expenditures. City budgets were amended on June 2nd and again on July 14th by City Council. Citywide revenues were decreased by $5,063,080 and expenditures were cut by $2,461,540. The remainder of the revenue decrease are anticipated to be covered with funds from the City's reserves at the direction of City Council. To date revenue impacts have not been as significant as originally projected and Finance Staff recently amended their revenue projections for sales tax from a -15% to a -10% decrease compared to budget. Staff will continue to monitor revenues and adjust expenditures as needed at the direction of City Council and the City Manager. Below are some highlights from the amended 2020 budgets. 0