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File #: Ordinance 28-2021    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 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
Attachments: 1. 1. Ordinance No. 28-2021

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.