Agenda Date: 10/06/2015
Subject:
Title
Ordinance on second reading to be known as the "Annual Appropriation Bill" for all municipal purposes of the City of Littleton, Counties of Arapahoe, Douglas, and Jefferson, State of Colorado, for the fiscal year beginning January 1, 2016 and ending December 31, 2016
Body
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Presented By: |
Doug Farmen, Finance Director |
POLICY QUESTION:
Does council approve the 2016 annual appropriation ordinance for the City of Littleton?
BACKGROUND:
During the 2016 budget review process, council reviewed 34 Policy Questions (PQs). The following are changes to the 2016 proposed budget due to council direction or other adjustments.
General Fund Revenues:
The city recently received 2015 (to be collected in 2016) estimated assessed values from Arapahoe, Douglas, and Jefferson Counties. These assessed value estimates increased 2016 tax collections by $88,000.
Due to the assessed value changes, fire partner (contract reimbursements) revenues increased by $26,000.
The city’s overhead cost allocation to the Sewer Utility Fund increased $11,000 due to General Fund employees that provide services to that enterprise fund.
Total revenues increased by $125,000
General Fund Expenditures:
The city council approved a request to partner with South Metro Housing Options on a housing study; the city cost will be $50,000 in the council budget.
A budget highlight in the finance department for implementing process efficiencies is $15,000.
In the human resources department, a position re-organization realized a savings of $33,000. A decrease of $100,000 (moved to an interfund transfer to the Property & Liability Fund) is related to a possible employment claim.
In the community development department, an additional .25 FTE for a senior planner position was added as a budget highlight for $18,600. There is an additional $14,200 in benefits related to part-time employees due to the Affordable Care Act.
The Property & Liability Fund was increased by $100,000 due to the possible claim.
The Neighborhood Partnership grant program in the community development department was increased by $10,000.
Regarding Policy Question #34 and the city’s contributions to not-for-profit organizations an additional $9,000 was approved.
Total expenditures increased by $83,800. With the additional revenues, the General Fund ending fund balance is $41,200 greater than the proposed budget due to operating expenditures and meeting the 17% reserve requirement.
Capital Projects Fund Revenues:
The fire partner contract reimbursements were increased by $25,000 in 2015 and reduced by $25,000 in 2016 due to the change in the MFTC and the training building improvement project.
Capital Projects Fund Expenditures:
Reduced by $175,000 due to removing the Enterprise Resource Planning project from the proposed budget.
The MFTC improvement project timing was moved up to 2015 and removed from the 2016 budget ($50,000).
The council chamber remodel and chair replacement project total of $315,000 was removed from the budget.
The street rehabilitation program was increased by $400,000.
The Belleview Service Center remodel project cost was reduced by $58,000.
The 2016 Capital Projects Fund ending fund balance increased by $148,000.
STAFF ANALYSIS:
A thorough review process involved all members of the executive team to develop the 2016 budget.
FISCAL IMPACTS:
The policy questions and budget were reviewed by council and information is available at the Bemis Public Library, the City of Littleton website and the City Clerk’s Office for public review.
STAFF RECOMMENDATION:
Staff recommends approving the 2016 annual appropriation ordinance on second reading.
PROPOSED MOTION:
Proposed Motion
I move to approve on second reading the ordinance to be known as the "Annual Appropriation Bill" for all municipal purposes of the City of Littleton, Counties of Arapahoe, Douglas, and Jefferson, State of Colorado, for the fiscal year beginning January 1, 2016 and ending December 31, 2016.