Agenda Date: 03/19/2019
Subject:
Title
Ordinance 07-2019: Second introduction of an ordinance amending the 2019 Littleton Sewer Utility Enterprise budget
Body
Presented By:
Tiffany Hooten, Finance Director
POLICY QUESTION:
Does city council support an amendment to the 2019 Littleton Sewer 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 the project was budgeted, leaving an open purchase order amount at the end of the year. Staff believes it to be of sound financial practice to re-appropriate open purchase orders at the end of each year in the following budget year.
PRIOR ACTIONS OR DISCUSSIONS:
The ordinance was approved on first reading on March 5, 2019.
STAFF ANALYSIS:
There were six open purchase orders from the 2018 Littleton Sewer Utility Enterprise budget that need to be carried over to the 2019 budget. This ordinance will formally appropriate these funds in the 2019 budget.
A complete list of the open purchase orders at the end of December 31, 2018 for all funds is attached.
OPTIONS/ALTERNATIVES:
Option 1: Approve amending the 2019 Littleton Sewer Utility Enterprise budget to align the expenditures with the budget.
Option 2: Do not approve the amendment.
FISCAL IMPACTS:
A supplemental budget appropriation is requested in the amount of $2,554,988 for the 2019 Littleton Sewer Utility Enterprise Budget. The BioGas project is $2,178,730 of this total. There is adequate fund balance in the 2019 budget for this supplemental appropriation based on current estimates.
STAFF RECOMMENDATION:
Staff recommends approval of the amendment to the 2019 Littleton Sewer 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 Li...
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