Agenda Date: 10/20/2020
Subject:
Title
Ordinance 38-2020: 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 2021 budget
Body
|
Prepared by: |
Stacey Covington, Budget Analyst |
PURPOSE:
Does city council support an ordinance on second reading adopting the 2021 Littleton Stormwater and Flood Management Utility Enterprise budget?
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A
SUMMARY:
City council reviewed the 2021 proposed budget during study sessions held on September 8, 9, and 24. There were no changes to this enterprise fund.
PRIOR ACTIONS OR DISCUSSIONS:
City council reviewed the 2021 proposed budget during study sessions held on September 8, 9, and 24.
ANALYSIS:
Staff Analysis
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.
Council Goal, Objective, and/or Guiding Principle
The 2021 budget is directly connected to all council goals and supports all guiding principles by providing the mechanism to fund services provided by the city.
Fiscal Impacts
Approval will establish a 2021 budget of $1,989,270.
The following is a 2021 Budget summary.
|
Fund |
Beginning Cash Balance |
Revenues |
Expenditures |
Ending Cash Balance |
|
Storm Drainage Utility Enterprise |
$ 73,273 |
$ 2,010,410 |
$ 1,989,270 |
$ 94,413 |
Alternatives
N/A
STAFF RECOMMENDATION:
Staff recommends approval of the ordinance on second reading adopting the 2021 Littleton Stormwater and Flood Management Utility Enterprise budget.
PROPOSED MOTION:
Proposed Motion
I move to approve the ordinance adopting the 2021 Littleton Stormwater and Flood Management Utility Enterprise budget.