Agenda Date: 11/01/2016
Subject:
Title
A resolution, as the governing body of the City of Littleton Stormwater and Flood Management Utility Enterprise, adopting the 2017 budget.
Body
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Presented By: |
Doug Farmen, Finance Director |
POLICY QUESTION:
Does city council support a resolution to adopt the 2017 budget for the City of Littleton Stormwater and Flood Management Utility Enterprise Fund?
BACKGROUND:
The city council reviewed the 2017 proposed budget during three meetings September 19-21. There were no proposed changes to this enterprise fund from those meetings.
Due to emergency repairs in 2016 on Broadway, staff is recommending spending an additional $290,000 in 2016 (for council review in a 2016 Budget Amendment later this year). This use of available fund balance results in deferring the same amount from 2017 to 2018, depending on funding availability. The 2017 appropriation resolution is $290,000 less than the proposed budget, due to the emergency repairs.
STAFF ANALYSIS:
N/A
FISCAL IMPACTS:
Approval will establish a 2017 appropriation of $649,030.
STAFF RECOMMENDATION:
Approve resolution adopting the budget for the 2017 Stormwater and Flood Management Utility Enterprise Fund.
PROPOSED MOTION:
Proposed Motion
I move that the resolution adopting the budget for the City of Littleton 2017 Stormwater and Flood Management Utility Enterprise Fund be approved.