Loading...
HomeMy WebLinkAbout10492ORDINANCE NO. 10492 AN ORDINANCE AMENDING APPROPRIATIONS AND COMPILING PREVIOUS AMENDMENTS TO THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2022 AND AMENDING THE BUDGET FOR THE YEAR 2022 BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION #1. The budget for the fiscal year 2022, with amendments made thereto by the City Council, the original of which is on file with the Director of Finance, is incorporated herein in full, and hereby approved. SECTION #2. The General Fund Revenue for Fiscal Year 2022 is hereby amended as follows: SOURCE ORIGINAL FINAL AMENDED Taxes 96,538,254 96,538,254 Licenses & Permits 907,500 907,500 Intergovernmental 3,412,020 3,412,020 Charges for Service 4,485,489 4,485,489 Fines & Forfeits 1,749,300 1,749,300 Other Revenue 557,000 557,000 Transfers In 3,893,606 3,893,606 Fund Balance 4,228 1,498,473 General Fund Total 111,547,397 113,041,642 SECTION #3. The General Fund Appropriation by Department for the Fiscal Year 2022 is hereby amended as follows: SOURCE ORIGINAL FINAL AMENDED General Government 15,643,124 15,654,838 Police 32,469,619 32,147,957 Fire 21,066,881 21,066,881 Public Works 9,056,904 8,611,904 Parks 7,200,804 7,202,404 Non-Departmental 7,985,237 7,986,923 Transfers Out 18,124,828 20,370,735 General Fund Total 111,547,397 113,041,642 SECTION #4. The estimated Revenues as well as the budgeted Expenditures of the Special Revenue Funds, Enterprise Funds, Internal Service Funds, Debt Service Funds, and Capital Project Funds for the Fiscal Year 2022 are hereby amended as follows: OTHER FUNDS ORIGINAL FINAL AMENDED INTERGOVERNMENTAL 5,589,361 13,837,409 SPECIAL CHARGES 4,883,601 5,259,760 SPECIAL DISTRICT 674,063 739,063 OTHER SPECIAL REVENUE 399,878 551,809 HUD GRANTS 3,455,000 13,691,169 STIMULUS GRANTS 29,200 29,200 PUBLIC IMPROVEMENTS 10,111,245 73,243,160 DEBT SERVICE FUND 3,845,301 3,845,301 ECONOMIC DEVELOPMENT TAX 15,046,345 50,553,811 PUBLIC SAFETY TAX 6,096,048 6,504,761 ELMWOOD GOLF COURSE 1,539,485 1,690,485 WALKINGSTICK GOLF COURSE 1,418,650 1,522,650 HONOR FARM PROPERTIES 116,898 135,898 MEMORIAL HALL 1,319,304 1,419,304 MEMORIAL AIRPORT 2,146,021 5,852,189 PUEBLO TRANSIT 6,202,678 11,857,841 PARKING FACILITIES 748,972 874,324 WASTEWATER ENTERPRISE 28,990,211 59,634,000 STORMWATER UTILITY 5,751,452 17,265,928 STREET REPAIR UTILITY 928,000 2,064,511 INTERNAL SERVICE FUNDS 19,601,096 20,101,096 SECTION #5. The officers and the staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Ordinance to implement the policies and procedures described herein. SECTION #6. 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 #7. 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 June 12, 2023. Final adoption of Ordinance by City Council on June 26, 2023. ____________________________ President of City Council Action by the Mayor: ☒ Approved on _June 29, 2023____. ☐ 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 # R9 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: June 26, 2023 TO: President Heather Graham and Members of City Council CC: Mayor Nicholas A. Gradisar VIA: Marisa Stoller, City Clerk FROM: Alexandria Romero, Director of Finance SUBJECT: AN ORDINANCE AMENDING APPROPRIATIONS AND COMPILING PREVIOUS AMENDMENTS TO THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2022 AND AMENDING THE BUDGET FOR THE YEAR 2022 SUMMARY: Attached is an Ordinance amending the original 2022 budget Ordinance to incorporate changes made throughout the year. PREVIOUS COUNCIL ACTION: Ordinance 10050, passed and approved by the City Council on November 22, 2021, adopting the Budget for the fiscal year 2022. BACKGROUND: In November of 2021, the City Council adopted the annual budget for the year 2022. During the year, due to various operational changes, the City Council adopted several Ordinances and Resolutions amending that budget. This Ordinance also incorporates changes and corrections as dictated through the year-end closing process, as well as adjustments to departmental budgets as necessary. This Ordinance accumulates all of these items into one summary Ordinance, which reflects the final revised Budget for the year 2022. For the General Fund, the sum of the budget amendment for the year 2022 is $1,494,245. The preliminary unaudited Financial Statements for 2022 show the General Fund balance ending at a strong point, with a fund balance that is greater than was originally projected in the 2022 Adopted Budget. FINANCIAL IMPLICATIONS: This action summarizes previously approved council and administrative changes to the budget and makes additional budget changes as needed. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance. STAKEHOLDER PROCESS: Not applicable to this Ordinance. ALTERNATIVES: Not applicable to this Ordinance. RECOMMENDATION: Approval of the Ordinance. ATTACHMENTS: 1. 2022 Year end adjust budget reconciliation