Agenda Date: 12/20/2016
Subject:
Title
An ordinance on second reading amending Ordinance No. 95 Series of 2015 known as the Annual Appropriation Bill for all municipal purposes for the fiscal year beginning January 1, 2016 and ending December 31, 2016.
Body
Presented By:
Tiffany Hooten, Assistant Finance Director
POLICY QUESTION:
Does city council support an amendment to the 2016 annual appropriation for the City of Littleton?
BACKGROUND:
These funds are recommended to be increased:
General Fund - $908,040
The General Fund increase is comprised of the following.
* Contract City Attorney services and personnel recruitment - $45,000. The city has contracted for city attorney services while also recruiting for this vacant position. This is the additional amount needed for these costs.
* Police Investigation - $500,000. This increase is related to the current missing person investigation.
* Sales Tax Increment - $210,040. The city provides sales tax increment financing to the urban renewal authority, Littleton Invests for Tomorrow. This is the amount of sales tax increment in 2016.
* Incentive agreements - $78,000. The city council approved incentive agreements in 2013 and 2014 with local businesses. This is the amount of the incentive agreements for 2016.
* Transfer to Geneva Village Fund - $75,000. Emergency gas line repairs were needed at Geneva Village. This is a transfer from the General Fund to the Geneva Village Fund for those repairs.
Consolidated Special Revenue Fund - $35,000
The community room audio system is in need of an upgrade. There have been several instances in which the quality of the sound system has been impaired. The city is soliciting requests for proposals to upgrade the microphone in the community room. These upgrades will be paid from the available fund balance of PEG funds which can only be used to acquire equipment for cable television programming.
Grant Fund - $88,000
The city received a grant of $88,000 from the Federal Tra...
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