HomeMy WebLinkAbout10608ORDINANCE NO. 10608
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 2024
AND ADOPTING THE BUDGET FOR THE YEAR 2024
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The budget for the fiscal year 2024, 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 2024 is hereby estimated, and the General
Fund Appropriation by Department for Fiscal Year 2024 is hereby made as follows:
REVENUE BY SOURCE AMOUNT APPROPRIATION BY AMOUNT
DEPARTMENT
Taxes 105,296,753 General Government 19,161,803
Licenses & Permits 1,075,900 Police 38,226,969
Intergovernmental 3,261,500 Fire 25,336,721
Charges for Service 4,980,481 Public Works 10,246,462
Fines & Forfeits 1,536,350 Parks 8,301,987
Other Revenue 2,354,500 Non-Departmental 9,026,574
Transfers In 3,930,145 Transfers Out 22,877,136
Fund Balance Reserves 10,742,023
General Fund Total 133,177,652 General Fund Total 133,177,652
SECTION 3.
Revenue is hereby estimated, and appropriations hereby made for the Fiscal Year 2024
for all other Funds of the City of Pueblo as follows:
OTHER FUNDS REVENUE APPROPRIATION
INTERGOVERNMENTAL 6,723,469 6,723,469
SPECIAL CHARGES 6,006,856 6,006,856
SPECIAL DISTRICT 715,746 715,746
OTHER SPECIAL REVENUE 507,756 507,756
HUD GRANTS 2,730,000 2,730,000
STIMULUS GRANTS 79,614 79,614
PUBLIC IMPROVEMENTS 13,038,459 13,038,459
DEBT SERVICE FUND 3,069,555 3,069,555
ECONOMIC DEVELOPMENT TAX 15,212,333 15,212,333
POLICE SAFETY TAX 5,055,733 5,055,733
ELMWOOD GOLF COURSE 1,820,161 1,820,161
WALKINGSTICK GOLF COURSE 1,476,300 1,476,300
HONOR FARM PROPERTIES 132,898 132,898
MEMORIAL HALL 2,249,278 2,249,278
MEMORIAL AIRPORT 2,367,207 2,367,207
PUEBLO TRANSIT 6,740,134 6,740,134
PARKING FACILITIES 800,214 800,214
WASTEWATER ENTERPRISE 31,935,264 31,935,264
STORMWATER UTILITY 6,988,382 ,6,988,382
INTERNAL SERVICE FUNDS 20,901,225 20,901,225
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 2024 is $15,212,333 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 2024 budget, this reserve amount will be equal to 10% 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 13, 2023.
Final adoption of Ordinance by City Council on November 27, 2023.
___________________________
President of City Council
Action by the Mayor:
☒ Approved on November 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 # S1
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 27, 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
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 2024 AND ADOPTING THE BUDGET
FOR THE YEAR 2024
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 2024
expenditures. Provided in the 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 10, 2023, set forth a plan whereby the City will expend all anticipated general
fund revenues and an additional $10,263,023 of funds from reserves. Based on Council
recommendations, changes were made, and the budget now includes the use of
$10,742,023 of additional funds from reserves, for the operations of the City for the year
2024. The Council designated minimum reserve will be equal to 10% of the annual
General Fund expenditures and transfers out for the fiscal year 2024. The budget
document includes total spending from the General Fund in the amount of
$133,177,652, requiring $10,742,023 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 12, 2023. 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 23, 2023.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of the Ordinance.
ATTACHMENTS:
None