Agenda Date: 11/19/2024
Subject:
Title
Ordinance 25-2024: An ordinance on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Sewer Utility Enterprise, adopting the 2025 budget for the fiscal year beginning January 1, 2025, and ending December 31, 2025
Body
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From: |
James L. Becklenberg, City Manager |
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Prepared by: |
Kevin Orton, Budget Manager |
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Presentations: |
Tiffany Hooten, Finance Director |
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Kevin Orton, Budget Manager |
PURPOSE:
City Council consideration of the City of Littleton, Colorado, as the governing body of the City of Littleton, Sewer 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 Sewer Utility Enterprise, the city council is required to adopt a budget for this fund. Revenue in this fund is derived from tap fees collected from new development, user charges to existing customers, and interest earnings. Expenditures are for the treatment plant operations and improvements and debt service. A 5% rate increase is recommended for 2025 and will be presented at the December 3, 2024, council meeting for consideration.
BACKGROUND:
The Littleton Sewer Utility Enterprise fund provides for the city’s 50% share of funding for the South Platte Renew. It is the third largest publicly owned treatment works in the State of Colorado and serves the cities of Littleton and Englewood as well as 19 connector districts within the 75 square mile service area of the cities. The plant is managed by the City of Englewood under a joint agreement with Littleton.
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 Sewer Utility Enterprise Fund at $28,399,254
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 |
$8,458,135 |
$27,345,550 |
$28,399,254 |
$7,404,431 |
STAFF RECOMMENDATION:
Staff recommends approval of the ordinance adopting the Littleton Sewer Utility Enterprise Fund 2025 Budget.
ALTERNATIVES:
N/A
PROPOSED MOTION:
Proposed Motion
I move to approve Ordinance 25-2024 on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Sewer Utility Enterprise, adopting the 2025 budget.