Agenda Date: 11/19/2024
Subject:
Title
Ordinance 26-2024: An ordinance on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2025 budget for the fiscal year beginning January 1, 2025, and ending December 31, 2025
Body
|
From: |
James L. Becklenberg, City Manager |
|
Prepared by: |
Kevin Orton, Budget Manager |
|
Presentations: |
Tiffany Hooten, Finance Director |
|
|
Kevin Orton, Budget Manager |
PURPOSE:
Council consideration of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2025 budget for the fiscal year beginning January 1, 2025, and ending December 31, 2025.
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance
DISCUSSION:
As the governing body of the Littleton Stormwater and Flood Management Utility Enterprise, the city council is required to adopt a budget for this fund. Revenue in this fund is derived from fees charged to landowners within the city limits. Expenditures from this fund include the costs for operations and various storm drainage capital projects. To fund necessary capital improvements, system repairs, and replacements, a fee increase of 5% is recommended for 2025 and will be presented at the December 3, 2024, council meeting for consideration.
BACKGROUND:
The Littleton Stormwater and Flood Management Utility Enterprise fund accounts for construction and maintenance of storm sewer facilities and detention ponds within the city limits.
Prior Actions or Discussions
Council reviewed the 2025 Proposed Budget during study sessions held on September 7 and October 8, 2024.
This ordinance passed on first reading on October 15, 2024.
FISCAL IMPACTS:
This ordinance will establish a 2025 budget for the Stormwater and Flood Management Utility Enterprise fund at $3,517,853.
The following is a 2025 budget summary for all funds in this appropriation ordinance:
|
Fund |
Beginning Fund/Cash Balance |
Revenues |
Expenditures |
Ending Fund/Cash Balance |
|
Sewer Utility Enterprise |
$1,245,246 |
$3,134,248 |
$3,517,853 |
$861,641 |
STAFF RECOMMENDATION:
Staff recommends approval of the ordinance adopting the Littleton Stormwater and Flood Management Utility Enterprise Fund 2025 Budget.
ALTERNATIVES:
N/A
PROPOSED MOTION:
Proposed Motion
I move to approve Ordinance 26-2024 on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2025 budget.