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2020 CIP and Operational Impacts <br />2020 CIP and operational highlights include: <br />• $7,750 reduction due to cancellation of Boulder County Youth Corp program <br />• $76,060 reduction in variable salaries <br />• Other various operational cuts totaling $169,820 <br />• $216,000 reduction due to postponement of Cottonwood Park master planning <br />• $240,000 reduction due to postponement of signage projects <br />• $275,000 reduction due to the cancellation of the median project <br />2021 -22 Budget Process Update <br />Staff recently met with City Council on Tuesday, October 20t" to answer questions and receive <br />feedback from the council related to both operational and capital improvement budget <br />requests. This meeting served as the official public hearing for the proposed budget. <br />Some CIP highlights that were included in the City Managers proposed budget: <br />• 104t" trail connection (2021/22) <br />• Equipment Replacement (2021-26) <br />• Park Site Furnishing Replacement (2021/2022) <br />• Wood Chipper Replacement (2022) <br />• Playground Replacement (2021-26) <br />• Irrigation Improvements (2021-2026) <br />The 2021/22 budget is scheduled for formal adoption on November 17. <br />Next Steps <br />Staff will continue to monitor expenditures to ensure we stay within current 2020 allocations. <br />Staff will also continue to work with the Finance Department and CMO to finalize the 2021/22 <br />budget and provide updates to PPLAB as needed. <br />Attachment: <br />1. Link to October 20, Council Budget Packet; <br />https://www.louisvilleco.gov/Home/ShowDocument?id=29010 <br />• Page 2 <br />