Agenda Date: 05/202025
Subject:
Title
Ordinance 04-2025: An ordinance on second reading amending Ordinance No. 23, Series of 2024, appropriating funds for the 2025 Annual Budget 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, 2025, and ending December 31, 2025
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Kevin Orton, Budget Manager
Presentations:
N/A
PURPOSE:
Council consideration of a 2025 budget amendment for carryover encumbrances and additional 2025 funding needs.
LONG-TERM OUTCOME(S) SERVED:
High Quality Governance
DISCUSSION:
This ordinance will amend the 2025 Adopted Budget for general government funds in the amount of $46,073,098 This budget amendment includes three major categories:
* 2024 open purchase orders (or encumbrances) - $6,854,459
* Capital project and equipment adjustments - $20,989,409
* Grant adjustments - $18,229,229
During the Budget Amendment presentation, City Council will also receive a briefing on the General Fund outlook. This presentation will include a recommendation to add 2.0 FTEs for procurement and contract support.
2024 Open Purchase Orders/Encumbrances - $6,854,459
During the year, departments encumber funds by issuing purchase orders for goods or services. The city's Principles of Sound Financial Policies last amended by City Council in April 2023 says, "Purchase orders remaining open at the end of the fiscal year will be considered for reappropriation in the subsequent fiscal year through a supplemental budget appropriation in the respective fund."
This budget amendment includes appropriating additional funds to the 2025 Budget for encumbrances in the amount of $6,854,459.
Capital Project Adjustments - $20,989,409
In addition to open purchases order, this ordinance includes adjustments to capital projects. Adjustments to the capital projects are due to in progress project balances being rol...
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