Agenda Date: 10/21/2014
Subject:
Title
Ordinance on second reading 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, 2015 and ending December 31, 2015
Body
Presented By:
Doug Farmen, Finance Director
POLICY QUESTION:
Does council approve the 2015 annual appropriation ordinance for the City of Littleton?
BACKGROUND:
During the 2015 proposed budget review process, council reviewed 34 Policy Questions (PQs) with departmental line item budget requests. The following are changes to the 2015 proposed budget due to council direction or other adjustments.
General Fund Revenues:
The city recently received 2014 (to be collected in 2015) estimated assessed values from Arapahoe, Douglas, and Jefferson Counties. These estimates total $618 million or $4,115,000 in property taxes to be collected in 2015. The proposed budget anticipated $4.3 million; the $185,000 difference is reflected in the 2015 estimates.
Fire partner (contract reimbursements) revenues were reduced by $21,000 to reflect a reduction to fire expenditures.
Other revenues (sales of capital assets 01-171-5930) were increased by $79,000 to reflect the elimination of the Fleet Maintenance Fund (more details below).
Total revenues decreased by $127,000.
General Fund Expenditures:
Reduce Fire Support Services (01-222-7551) vehicle maintenance costs by $30,000 due to an aged vehicle recently determined to be at the end of its useful life.
Reduce Community Development (01-320-7430) by $80,000 (PQ #27b) for streetscape plan services. On first reading, council approved a motion for staff to conduct a Request for Proposals for this project with the results to be discussed at a future study session. Until the study session is completed, this project is unfunded in 2015.
Add $12,000 for discretionary expenditures (PQ #32).
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