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File #: Ordinance 29-2021    Name:
Type: Ordinance Status: Passed
File created: 9/27/2021 In control: City Council
On agenda: 10/19/2021 Final action: 10/19/2021
Title: Ordinance 29-2021: An ordinance on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2022 budget
Attachments: 1. 1. Ordinance No. 29-2021

Agenda Date: 10/19/2021

 

Subject:

Title

Ordinance 29-2021: An ordinance on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Stormwater and Flood Management Utility Enterprise, adopting the 2022 budget

Body

 

Prepared by:

Tiffany Hooten, Finance Director

 

PURPOSE:

Does city council support an ordinance adopting the 2022 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 2022 proposed budget during study sessions held on September 11 and 28, 2021. There were no changes to this enterprise fund.

 

PRIOR ACTIONS OR DISCUSSIONS:

City council reviewed the 2022 proposed budget during sessions held on September 11 and 28, 2021.

 

This ordinance passed on first reading on October 5, 2021.

 

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 2022 budget is directly connected to Goal 2: Financial Sustainability and supports all guiding principles by providing the mechanism to fund services provided by the city.

 

Fiscal Impacts

Approval will establish a 2022 budget of $2,285,020.

 

The following is a 2022 Budget summary.

 

 

 Fund

Beginning Cash Balance

 Revenues

 Expenditures

Ending Cash Balance

Storm Drainage Utility Enterprise

 $       328,955

 $   2,610,056

 $      2,285,020

 $       653,991

 

Alternatives

N/A

 

STAFF RECOMMENDATION:

Staff recommends approval of the ordinance adopting the 2022 Littleton Stormwater and Flood Management Utility Enterprise budget.

 

PROPOSED MOTION:

Proposed Motion

I move to approve Ordinance 29-201 adopting the 2022 Littleton Stormwater and Flood Management Utility Enterprise budget.