Agenda Date: 10/17/2017
Subject:
Title
An ordinance on second reading to be known as the "Annual Appropriation Bill," adopting the annual budget 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, 2018 and ending December 31, 2018.
Body
Presented By:
Tiffany Hooten, Finance Director
POLICY QUESTION:
Does council approve the 2018 annual appropriation ordinance, adopting the annual budget for the City of Littleton?
BACKGROUND:
During the 2018 budget review process, council considered 14 Policy Questions (PQs). The following are changes to the 2018 proposed budget since that review, due to council direction or other adjustments.
General Fund Revenues:
The city recently received 2017 (to be collected in 2018) estimated assessed values from Arapahoe, Douglas, and Jefferson Counties. These assessed value estimates decreased 2018 by $40,194.
Due to the assessed value changes noted above, fire partner contract reimbursement revenues decreased by $50,531.
The addition of community development and engineering fees increased revenues by $417,000.
2018 total revenues increased by $326,275.
General Fund Expenditures:
The city council requested audit expenditures of $42,000 move back to the council's budget (01-100-7431) from the finance department budget (01-150-7431). This was a line item reclassification only.
City council increased the learning and education line item to the 2017 level of $33,000. This was an increase of $8,000.
The decrease in property tax estimates as noted above results in a decrease in fees related to the collection of property taxes by the counties. This is a reduction in expenditures of $400.
A "cost of service study" for fees related to community development, engineering, building department and fire department has been added. This was an increase of $50,000 (01-600-7430).
A reduction in the transfer to the South Metro Comm...
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