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File #: Ordinance 27-2021    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 27-2021: An ordinance on second reading to be known as the "Annual Appropriation Bill," adopting the annual budget for all municipal purposes of the City of Littleton, Counties of Arapahoe, Douglas, and Jefferson, State of Colorado, for the fiscal year beginning January 1, 2022 and ending December 31, 2022
Attachments: 1. 1. Ordinance No. 27-2021, 2. 3. Presentation_Budget Ord. 26, 27, 28 and 29-2021
Agenda Date: 10/19/2021

Subject:
Title
Ordinance 27-2021: An ordinance on second reading to be known as the "Annual Appropriation Bill," adopting the annual budget for all municipal purposes of the City of Littleton, Counties of Arapahoe, Douglas, and Jefferson, State of Colorado, for the fiscal year beginning January 1, 2022 and ending December 31, 2022
Body

Prepared by:
Tiffany Hooten, Finance Director

PURPOSE:
Does city council support the 2022 annual appropriation ordinance adopting the annual budget for the City of Littleton?

PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A

SUMMARY:
During the 2022 budget review process, council considered 20 Policy Questions. The following items are noted changes from the 2022 proposed budget as a result of the 2022 budget discussions.
* Property tax revenues increased from $1,969,737 to $2,137,571. An increase of $167,834.
* Omnibus program reduced from $216,061 to $150,000. A reduction of $66,061.
* Employee health benefits increased by $50,000 related to health insurance premiums.
* Downtown/Mobility studies were removed from the 2022 budget resulting in a reduction of $300,000.
* Local partnership funding will be funded utilizing ARPA funds resulting in a reduction of $85,000.
The net change to the 2022 proposed budget is $568,895. The ending fund balance for the General Fund will be $11,490,507. The fund balance at the end of the five-year long-range forecast is 10% which is within the policy of 8-18%.

One budget proviso is included in the 2022 budget for the General Fund.
* Policy Question #2 - $50,000 to fund public opinion polling and public education to support potential ballot questions. Staff shall not proceed until the council approves the scope and deliverables of the project(s).

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 O...

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