Agenda Date: 03/20/2018
Subject:
Title
An ordinance on second reading amending the 2018 Littleton Sewer Utility Enterprise budget
Body
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Presented By: |
Tiffany Hooten, Finance Director |
REQUESTED COUNCIL ACTION:
Does city council support amending the 2018 Littleton Sewer Utility Enterprise budget for the carryover of 2017 encumbered funds?
BACKGROUND:
The city issues purchase orders for projects, goods and/or services to encumber funds for these projects. There are several projects, goods and/or services that may not be completed or spent in the fiscal year in which they were budgeted, leaving an open purchase order amount at the end of the year. Staff believes it is sound financial practice to re-appropriate open purchase orders at the end of each year to the next budget year.
PRIOR ACTIONS OR DISCUSSIONS:
During the 2018 budget meetings held with council September 11-13, 2017, this new budget practice was discussed.
STAFF ANALYSIS:
There were two open purchase orders from the 2017 Littleton Sewer Utility Enterprise budget that need to be carried over to 2018. This ordinance will formally re-appropriate these funds in the 2018 budget.
A complete listing of the open purchase orders for all funds asof December 31, 2017 is attached.
OPTIONS/ALTERNATIVES:
Option 1: Approve amending the 2018 Littleton Sewer Utility Enterprise budget to align the expeditures with the budget.
Option 2: Do not approve the amendment.
FISCAL IMPACTS:
A supplemental budget appropriation is requested in the amount of $19,040 for Alamo Avenue right of way acquisition and wastewater asset management in the 2018 Sewer Utility Enterprise Budget. There is adequate fund balance in the 2018 budget for this supplemental appropriation based on current estimates.
STAFF RECOMMENDATION:
Staff recommends approval of the amendment to the 2018 Littleton Sewer Utility Enterprise budget.
PROPOSED MOTION:
Proposed Motion
I move to approve the ordinance on second reading amending the 2018 Littleton Sewer Utility Enterprise Budget.