Agenda Date: 12/06/2016
Subject:
Title
An ordinance on second reading adopting the 2017 Littleton Stormwater and Flood Management Utility Enterprise budget.
Body
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Presented By: |
Doug Farmen, Finance Director |
POLICY QUESTION:
Does city council support an ordinance on second reading adopting the 2017 Littleton Stormwater and Flood Management Utility Enterprise budget?
BACKGROUND:
City council reviewed the 2017 proposed budget during three meetings September 19-21. There were no changes proposed to this enterprise fund budget as a result of those meetings.
Due to emergency repairs in 2016 on South Broadway, staff is recommending spending an additional $290,000 in 2016 (for council review in a separate 2016 Budget Amendment this evening). Use of this 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.
City council reviewed Resolution 57-2016 at its regular meeting November 1, 2016. This agenda item was withdrawn as a Resolution and council directed staff to resubmit as an Ordinance.
STAFF ANALYSIS:
N/A
FISCAL IMPACTS:
Approval will establish a 2017 appropriation of $649,030.
STAFF RECOMMENDATION:
Approve ordinance on second reading adopting the 2017 Littleton Stormwater and Flood Management Utility Enterprise budget.
PROPOSED MOTION:
Proposed Motion
I move to approve an ordinance on second reading adopting the 2017 Littleton Stormwater and Flood Management Utility Enterprise budget.