Agenda Date: 05/20/2025
Subject:
Title
Ordinance 06-2025: 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, amending the 2025 budget
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Kevin Orton, Budget Manager
Presentations:
N/A
PURPOSE:
Council consideration of a 2025 Stormwater and Flood Management Utility Enterprise 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 the Stormwater and Flood Management Utility Enterprise Fund in the amount of $2,860,196. This budget amendment includes two major categories:
* 2024 open purchase orders (or encumbrances) - $37,029
* Interfund loan from the Sewer Fund to the Storm Drainage Fund - $2,823,167
2024 Open Purchase Orders/Encumbrances - $37,029
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 states, "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 $37,029.
Interfund loan from the Sewer Fund to the Storm Drainage Fund
In March 2025, City Council received a briefing on stormwater infrastructure repair needs. At that briefing, staff presented a $2.8 million shortfall in the Storm Drainage Fund to address immediate repairs in 2025.
The terms for the interfund loan from the sewer fund would be calculated as follow:
* Total Loan Amount: $2.8 million
o Includes projects identified in 2025. Upon project completion, any remaining funds will be retur...
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