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Home My WebLink About10348 ORDINANCE NO. 10348 AN ORDINANCE MAKING APPROPRIATION FOR THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS, AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2023 AND ADOPTING THE BUDGET FOR THE YEAR 2023 BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The budget for the fiscal year 2023, as proposed by the Mayor and as amended by the City Council, the original of which is on file with the Director of Finance, is incorporated herein in full, and hereby approved and adopted. SECTION 2. The General Fund Revenue for Fiscal Year 2023 is hereby estimated, and the General Fund Appropriation by Department for Fiscal Year 2023 is hereby made as follows: REVENUE BY SOURCE AMOUNT APPROPRIATION BY AMOUNT DEPARTMENT Taxes 102,092,312 General Government 17,081,404 Licenses & Permits 999,700 Police 34,924,051 Intergovernmental 3,349,020 Fire 23,448,512 Charges for Service 4,804,841 Public Works 10,041,636 Fines & Forfeits 1,536,300 Parks 7,654,643 Other Revenue 694,695 Non-Departmental 8,499,777 Transfers In 3,896,445 Transfers Out 32,585,549 Fund Balance Reserves 16,862,259 General Fund Total 134,235,572 General Fund Total 134,235,572 SECTION 3. Revenue is hereby estimated, and appropriations hereby made for the Fiscal Year 2023 for all other Funds of the City of Pueblo as follows: OTHER FUNDS REVENUE APPROPRIATION INTERGOVERNMENTAL 6,698,469 6,698,469 SPECIAL CHARGES 5,672,247 5,672,247 SPECIAL DISTRICT 668,542 668,542 OTHER SPECIAL REVENUE 355,507 355,507 HUD GRANTS 2,662,150 2,662,150 STIMULUS GRANTS 29,200 29,200 PUBLIC IMPROVEMENTS 22,855,402 22,855,402 DEBT SERVICE FUND 3,569,319 3,569,319 ECONOMIC DEVELOPMENT TAX 14,511,642 14,511,642 POLICE SAFETY TAX 7,537,817 7,537,817 ELMWOOD GOLF COURSE 1,777,351 1,777,351 WALKINGSTICK GOLF COURSE 1,422,294 1,422,294 HONOR FARM PROPERTIES 134,898 134,898 MEMORIAL HALL 1,754,829 1,754,829 MEMORIAL AIRPORT 2,319,989 2,319,989 PUEBLO TRANSIT 6,305,936 6,305,936 PARKING FACILITIES 797,180 797,180 WASTEWATER ENTERPRISE 30,505,697 30,505,697 STORMWATER UTILITY 6,389,608 6,389,608 INTERNAL SERVICE FUNDS 19,731,096 19,731,096 SECTION 4. On November 3, 2020, the electors of the City of Pueblo, Colorado enacted Ordinance No. 9764, providing for a one-half cent sale and use tax rate increase for a five-year period ending on December 31, 2026, and pledging the revenue therefrom for job creating capital improvement projects. The anticipated revenue from this tax rate increase and the investment income thereon, for the Fiscal Year 2021 is $14,511,642 and the full amount thereof, plus any amount available in the fund balance, is hereby appropriated for projects to be determined by the Mayor and City Council. SECTION 5. It is the policy of the City Council to accumulate and maintain a General Fund reserve. Effective with the adoption of the FY 2023 budget, this reserve amount will be equal to 12% of the annual General Fund expenditures and transfers out. SECTION 6. Authorized staff positions within all departments of the City, as well as the salaries, therefore, are approved and adopted by separate Ordinances. All information pertaining to staffing and salary included in the budget document incorporated herein is solely for the purpose of providing additional information to the user of the document. SECTION 7. Pursuant to Section 7-12 and 7-13 of the Charter of the City of Pueblo, the Mayor is hereby authorized to maintain budgetary control over approved allotments within each department by classification of expenditure category, rather than line item. SECTION 8. The officers and the staff of the City are authorized to perform any and all acts consistent with the intent of this Ordinance to implement the policies and procedures described herein. SECTION 9. No expenditures shall be made, or warrants issued against any monies appropriated, except in strict conformity with the Charter of the City of Pueblo and in accordance with the provisions of this Ordinance. SECTION 10. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on November 14, 2022. Final adoption of Ordinance by City Council on November 28, 2022 . President of City Council Action by the Mayor: ☒ Approved on December 5, 2022 . □ Disapproved on based on the following objections: _ Mayor Action by City Council After Disapproval by the Mayor: □ Council did not act to override the Mayor's veto. □ Ordinance re-adopted on a vote of , on □ Council action on _______ failed to override the Mayor’s veto. President of City Council ATTEST City Clerk City Clerk's Office Item # S1 Background Paper for Proposed Ordinance November 14, 2022 COUNCIL MEETING DATE: TO: President Heather Graham and Members of City Council CC: Mayor Nicholas A. Gradisar VIA: Marisa Stoller, City Clerk FROM: Nicholas Gradisar, Mayor SUBJECT: AN ORDINANCE MAKING APPROPRIATION FOR THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS, AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2023 AND ADOPTING THE BUDGET FOR THE YEAR 2023 SUMMARY: The City charter requires that the City Council, through the adoption of the budget, approve all City expenditures. The annual budget sets forth a plan for the 2023 expenditures. Provided in this Ordinance is the Mayor’s recommended budget. PREVIOUS COUNCIL ACTION: None BACKGROUND: This budget as originally presented to the City Council and the citizens of Pueblo on October 11, 2022, set forth a plan whereby the City will expend all anticipated general fund revenues and an additional $16,109,859 of funds from reserves. Based on Council recommendations, changes were made, and the budget now includes the use of $16,851,009 of additional funds from reserves, for the operations of the City for the year 2023. The Council designated minimum reserve will be equal to 12% of the annual General Fund expenditures and transfers out for the fiscal year 2023. The budget document includes total spending from the General Fund in the amount of $134,224,322, requiring $16,851,009 from reserves in order to provide safe and reliable services for the benefit of the citizens of the City of Pueblo. FINANCIAL IMPLICATIONS: See background. BOARD/COMMISSION RECOMMENDATION: Not applicable. STAKEHOLDER PROCESS: The recommended budget has been available on the City’s web site, as well as at the Rawlings library location since October 11, 2022. In addition, per the requirements of Section 7-9 of the Charter for the City of Pueblo, a public hearing was held in the Council Chambers during the regular meeting of the City Council on October 24, 2022. ALTERNATIVES: Not applicable. RECOMMENDATION: Approval of the Ordinance. ATTACHMENTS: None