Agenda Date: 10/15/2019
Subject:
Title
Ordinance 28-2019: Second introduction of an ordinance of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2020 budget and directing publication of the ordinance
Body
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Prepared by: |
Tiffany Hooten, Finance Director |
PURPOSE:
Does city council support an ordinance on first reading adopting the 2020 Littleton Stormwater and Flood Management Utility Enterprise budget?
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A
SUMMARY:
City council reviewed the 2020 proposed budget during study sessions held on September 7 and September 24. There were no changes to this enterprise fund.
PRIOR ACTIONS OR DISCUSSIONS:
City council reviewed the 2020 proposed budget during study sessions held on September 7 and September 24.
Passed on first reading at the regular meeting of city council on October 1, 2019.
ANALYSIS:
Staff Analysis
As the governing body of the Littleton Stormwater and Flood Management Utility Enterprise, the city council is required to adopt a budget for this fund.
Council Goal, Objective, and/or Guiding Principle
The 2020 budget is directly connected to both Goal 1 Envision Littleton and Goal 2 Financial Sustainability by providing the mechanism to fund services provided by the city. It also fully supports all guiding principles.
Fiscal Impacts
Approval will establish a 2020 budget of $1,233,750.
Alternatives
N/A
STAFF RECOMMENDATION:
Approve the ordinance on second reading adopting the 2020 Littleton Stormwater and Flood Management Utility Enterprise budget.
PROPOSED MOTION:
Proposed Motion
I move to approve the ordinance adopting the 2020 Littleton Stormwater and Flood Management Utility Enterprise budget.