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tYtycf FINANCE COMMITTEE <br />LLouisville COMMUNICATION <br />COLORADO -SINCE 1.878 ITEM 3 <br />SUBJECT: AMENDMENT TO THE CITY AND LRC'S 2024 BUDGET <br />DATE: APRIL 18, 2024 <br />PRESENTED BY: RYDER BAILEY, CPA, FINANCE DIRECTOR <br />SUMMARY: <br />Staff is seeking the Finance Committee's recommendation for approval of the Second <br />Amendment to the 2024 City and First Amendment to the Revitalization Commission <br />Budgets. Attached to this communication are Appendices (A-E) to the proposed <br />Resolutions. The amendment contains five general sections/purposes, which can be <br />summarized as Capital Carryforward of prior year appropriations, previously approved <br />Council Capital and Operational Adjustments since the 2024 Budget Adoption, City <br />Manager recommended appropriation adjustments, Adjustments to City <br />Sources/Revenue, and Carryforward of prior year LRC appropriations, all of which <br />correspond to the following appendices: <br />A. Carry -forward unused appropriations from 2023 to 2024 for capital projects that <br />Council approved for 2023 but, for various reasons, need to extend into 2024. Staff <br />is requesting unspent budgets for certain projects not completed or equipment not <br />purchased in 2023 to be added to the 2024 budget. The total amount of this portion <br />of the expenditure amendment is $22,908,492. Broken out by Fund as follows; <br />a. <br />Fund 101 <br />— General Fund - $294,580 <br />b. <br />Fund 202 <br />— Conservation Trust - $415,000 <br />c. <br />Fund 205 <br />— PEG Fee - $25,000 <br />d. <br />Fund 207 <br />— Historical Preservation - $60,850 <br />e. <br />Fund 208 <br />— Recreation Center- $115,100 <br />f. <br />Fund 210 <br />— Open Space - $274,030 <br />g. <br />Fund 211 <br />— Parks - $254,387 <br />h. <br />Fund 301 <br />— Capital - $11,460,002 <br />i. <br />Fund 501 <br />— Utilities/Water - $2,755,848 <br />j. <br />Fund 502 <br />— Utilities/Waste Water - $5,167,974 <br />k. <br />Fund 503 <br />— Utilities/Storm - $1,669,626 <br />I. <br />Fund 520 <br />— Golf - $5,000 <br />m. <br />Fund 602 <br />— Technology - $16,849 <br />n. <br />Fund 603 <br />— Fleet - $394,245 <br />Total-$22,908,492 <br />*- Line item detail of this Section can be found in Appendix A <br />B. Adopt previous Council approved operational and capital appropriation adjustments <br />to the 2024 expenditure budget for items that staff did not anticipate, or were not <br />FINANCE COMMITTEE COMMUNICATION <br />12/80 <br />