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LLCO
<br />xtyt}f LOUISVILLE REVITALIZATION
<br />Louisville COMMISSION
<br />COLORADO -SINCE 1.878
<br />SUBJECT: RESOLUTION 20-05 - ADOPTING THE ANNUAL BUDGET AND
<br />APPROPRIATING EXPENDITURES FOR FISCAL YEAR 2021
<br />FOR THE LOUISVILLE REVITALIZATION COMMISSION
<br />DATE:
<br />DECEMBER 9, 2020
<br />PRESENTED BY: MEGAN E. PIERCE, ECONOMIC VITALITY DIRECTOR
<br />SUMMARY:
<br />The Louisville Revitalization Commission (LRC) must approve a budget each year. In
<br />accordance with the Cooperation Agreement between the City of Louisville and the
<br />LRC, the annual budget proposed by the LRC was reviewed and approved by the City
<br />Council on November 17, 2020. The following table summarizes the 2021 proposed
<br />budget for the LRC. It also contains information on 2018 and 2019 actuals, as well as
<br />the current 2020 budget and 2020 estimates.
<br />Beginning Fund Balance
<br />Revenue:
<br />Property Tax
<br />Interest Earnings
<br />Total Revenue
<br />Expenditures:
<br />Support Services - COL
<br />Cap Cont--COL - Underpass
<br />Cap Contr- COL - South St Reconstruct
<br />Cap Contr- COL - Undergrounding
<br />Cap Contr- COL - Downtown Lights
<br />Cap Contr- COL - TMP- Sidewalk- Griffith -Pine
<br />Cap Contr- COL - TMP- Sidewalk -South Boul
<br />TIF Refund - Boulder County
<br />TIF Refund - Fire District
<br />Fagade Improvement Programming
<br />Phase II Wayfnding Signage
<br />TIF Rebate - Loftus Devebpmen
<br />Assistance Agreement - 824 South
<br />Bond Maint Fees - Paying Agent
<br />Emergency Solutions Grants
<br />Professional Services - Investment Fees
<br />Professional Services - Other
<br />Payments from Construction Acct- DELO
<br />Principal -Bonds
<br />Interests and s
<br />Total Expenditures
<br />Ending Fund Balance
<br />2016 2019 2020 2021
<br />Actual Actual Budget Estimate Budget
<br />7438.444 921.851 1,120.508 1.120,508 1.730,128
<br />1,259:070 1,647,855 1,932,670 1,932,C-70 2:092,050
<br />30,379 50,692 30,000 3D,C-00 50,000
<br />1,289,448 1,698.547 1,962,074 1,962,070 2,142,050
<br />34;900
<br />60,D00 60,000
<br />60,000 6D,000
<br />300.118
<br />948.107 -
<br />-
<br />24.905
<br />-
<br />170,000
<br />170,000
<br />142,000
<br />-
<br />-
<br />22,00D
<br />81 ,00D
<br />88, 673
<br />116,054 138,140
<br />138.140 14 9,580
<br />-
<br />- 51,710
<br />51.710 54,680
<br />150,000
<br />-
<br />192 123
<br />130,000
<br />- 275,000 - 275,000
<br />7,15D 7,150 7,150 7.150 7,150
<br />- - 1 D0,000 10D,000
<br />3,484 931 3,5D0 3.500 3,500
<br />21;870 23,273 20,000 - 12,000
<br />127:518 - 315,000 315.000 -
<br />- - 347,000 347.000 450,000
<br />335.300 344,374 329,950 329.950 305,660
<br />1,13 6,041 1,49%89 0 1,9 59,450 1.3 52,450 1,87 0,570
<br />9 21.8 51 1.120.5009 1.123,128 1.730.128 2,001,608
<br />DISCUSSION:
<br />Included as Attachment #1 is Resolution 20-05 for approval of the 2021 Budget. The
<br />below narrative is a summary of the prior LRC discussions about the next fiscal year
<br />budget.
<br />Agenda Packet P. 5
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