Open Space Advisory Board Agenda and Packet 2022 12 14

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Open Space Advisory Board Minutes November 9, 2022 Page 5 of 6 comes up for sale. This was a policy choice. The General Fund would be used to transfer money into the fund if the balance got too low, as shown in the Inter -Fund Transfer table (page 30). The tax does not adequately fund the current needs of the Parks and Open Space department and the City is relying on the General Fund to subsidize it. Helen asked what the "Intergovernmental Revenue" and the "Other Miscellaneous Revenue" were. She also wanted to know what the Central Fund -wide Charges were. Ember could not answer this. Helen asked about the $1.7 million being spent on the 1041" Street Trail. David asked if the cost of the 104t" Street Trail will get reimbursed by the County, Lafayette, and the grants. Ember said it would get reimbursed via grant funding, but not immediately. Helen said she thinks the board should do a budget review at the end of every year. She cautioned that in the past there have been loans and transfers into and out of this fund that have been very confusing and nontransparent. She added that there currently isn't a minimum fund balance being maintained to purchase available properties. Helen asked if there was ever a reserve fund balance. Helen asked if it could be listed as liability. David asked where CIPs get funded. Ember said that the Council decides this in the CIP budget process. He was curious how projects like the proposed paving CIP of the Coal Creek Trail between Dillon and Highway 36 would be funded. Laura argued that the amount of money in the balance has become inconsequential for fee simple acquisition of the expensive remaining undeveloped land in Louisville. Calling it a fund for acquisition may be becoming disingenuous. Helen asked about the fund transfer history and how it relates to Open Space vs. Parks. Ember said that according to the Finance Director, the language was intentional: to fund Open Space needs first and then to do transfer to fund Park's needs. Helen thought how CIPs were funded were inconsistent. Susan asked why there weren't capital lines for 2023 and 2024. Ember said it was because council hadn't approved that budget yet. Helen asked if this could be updated and her questions could be answered for a December meeting. Action Item: Finalize 2023 City Council Work Plan Recommendations. Presented by David Blankinship, OSAB Chair David reiterated that the board received direction to weigh-in to the City Council's work plan for 2023. He felt that council is likely to want input about policy priorities rather than CIP requests, like wayfinding. David said his top three would be: PROST planning, wayfinding, and some sort of process budget review that prevents CIP projects like the half-and-half trail section, the paving of the Coal Creek Trail section, the paving of Davidson Mesa parking lot, the creation of sidewalk along Washington St. without input from the board. He felt that when a project impacts the look