Agenda Date: 10/19/2021
Subject:
Title
Ordinance 28-2021: An ordinance on second reading of the City of Littleton, Colorado, as the governing body of the City of Littleton, Sewer Utility Enterprise, adopting the 2022 Sewer Budget
Body
|
Prepared by: |
Tiffany Hooten, Finance Director |
PURPOSE:
Does city council support an ordinance adopting the 2022 Littleton Sewer Utility Enterprise Fund budget?
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A
SUMMARY:
City council reviewed the 2022 proposed budget during 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 Sewer Utility Enterprise fund, 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 appropriation of $24,908,407.
The following is a 2022 Budget summary.
|
Fund |
Beginning Cash Balance |
Revenues |
Expenditures |
Ending Cash Balance |
|
Sewer Utility Enterprise |
$ 20,146,778 |
$ 18,131,231 |
$ 24,908,407 |
$ 13,369,602 |
Alternatives
N/A
STAFF RECOMMENDATION:
Staff recommends approval of the ordinance on second reading for the 2022 Littleton Sewer Utility Enterprise Fund budget.
PROPOSED MOTION:
Proposed Motion
I move to approve Ordinance 28-2021 adopting the 2022 Littleton Sewer Utility Enterprise Fund budget.