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
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 ...
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