Agenda Date: 04/07/2020
Subject:
Title
Ordinance 10-2020: An ordinance on second reading amending the 2020 Littleton Sewer Utility Enterprise budget
Body
Prepared by:
Tiffany Hooten, Finance Department
POLICY QUESTION:
Does city council support an amendment to the 2020 Littleton Sewer Utility Enterprise budget?
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A
SUMMARY:
During the year, departments issue purchase orders for projects, goods, or services to encumber funds for these projects. There are several projects and/or services that may not be completed in the fiscal year in which they were budgeted, or goods may not have been received by December 31 of the budget year 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 list of encumbrances was reviewed at study session held on February 18, 2020.
Passed on first reading at a regular city council meeting on March 3, 2020.
ANALYSIS:
Staff Analysis
There are nine open purchase orders from the 2019 Littleton Sewer Utility Enterprise budget that need to be carried over to the 2020 budget. Each purchase order is associated with a specific project, good, or service that was not completed in the 2019 fiscal year. This ordinance will formally appropriate these funds.
A complete list of the open purchase orders for all funds as of December 31, 2019 is attached.
Council Goal, Objective, and/or Guiding Principle
An amendment to the 2020 budget is directly related to 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
A supplemental budget appropriation is requested in the amount of $210,595 for sewer projects including CCTV inspec...
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