Agenda Date: 03/19/2019
Subject:
Title
Ordinance 08-2019: Second introduction of an ordinance amending the 2019 Littleton Stormwater and Flood Management Utility Enterprise budget
Body
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Presented By: |
Tiffany Hooten, Finance Director |
POLICY QUESTION:
Does city council support an amendment to the 2019 Littleton Stormwater and Flood Management Utility Enterprise budget?
BACKGROUND:
The city issues purchase orders for projects, goods, and/or services to encumber funds. There are several projects, goods, and/or services that may not be completed or spent in the fiscal year in which they were budgeted, leaving an open purchase order at the end of the year. Staff believes it is sound financial practice to re-appropriate open purchase orders at the end of each year to the next budget year.
PRIOR ACTIONS OR DISCUSSIONS:
The ordinance was approved on first reading on March 5, 2019.
STAFF ANALYSIS:
There are five open purchase orders from the 2018 Littleton Stormwater and Flood Management Utility Enterprise budget that need to be carried over into 2019. This ordinance will formally re-appropriate these funds.
A complete list of the open purchase orders for all funds as of December 31, 2018 is attached.
OPTIONS/ALTERNATIVES:
Option 1: Approve amending the 2019 Littleton Stormwater and Flood Management Utility Enterprise budget to align expenditures with the budget.
Option 2: Do not approve the amendment.
FISCAL IMPACTS:
A supplemental budget appropriation is requested in the amount of $68,289 for stormwater repairs.
STAFF RECOMMENDATION:
Staff recommends approval of the amendment to the 2019 Littleton Stormwater and Flood Management Utility Enterprise budget.
PRESENTATIONS:
i. Staff Presenter: Tiffany Hooten, Finance Director
ii. Applicant: N/A
PROPOSED MOTION:
Proposed Motion
I move to approve the ordinance amending the 2019 Littleton Stormwater and Flood Management Utility Enterprise budget on second reading.