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HomeMy WebLinkAbout11004 City Clerk's Office Item # R11 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: July 28, 2025 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Danny Nunn, 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 PROJECTS FUNDS, FOR THE FISCAL YEAR 2024 AND AMENDING THE BUDGET FOR THE YEAR 2024 SUMMARY: Attached is an Ordinance amending the original 2024 budget Ordinance to incorporate changes made through the year. PREVIOUS COUNCIL ACTION: Ordinance 10608, passed and approved by the City Council on November 27,2023, adopting the Budget for the fiscal year 2024. BACKGROUND: In November of 2023, the City Council adopted the annual budget for the year 2024. 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 2024. For the General Fund, the sum of the budget amendment for the year 2024 is $ 2,078,781. 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. STAKEHOLDER PROCESS: Not applicable to this Ordinance. ALTERNATIVES: Not applicable to this Ordinance. RECOMMENDATION: Approval of this Ordinance. ATTACHMENTS: 1. 2024 Year end adjust budget reconciliation ORDINANCE NO.11004 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 PROJECTS FUNDS, FOR THE FISCAL YEAR 2024 AND AMENDING 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 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 2024 is hereby amended as follows: SOURCE ORIGINAL BUDGET FINAL AMENDED BUDGET Taxes $105,296,753 $105,296,753 Licenses & Permits $1,075,900 $1,075,900 Intergovernmental $3,261,500 $3,261,500 Charges for Services $4,980,481 $4,980,481 Fines & Forfeits $1,536,350 $1,536,350 Other Revenue $2,354,500 $2,354,500 Transfer In $3,930,145 $3,930,145 Fund Balance $10,742,023 $12,820,804 General Fund Total $133,177,652 $135,256,433 SECTION 3. The General Fund Appropriation by Department for the Fiscal Year 2024 is hereby amended as follows: SOURCE ORIGINAL BUDGET FINAL AMENDED BUDGET General Government $19,161,803 $19,039,594 Police $38,226,969 $36,726,989 Fire $25,336,721 $25,334,221 Public Works $10,246,462 $9,889,574 Parks $8,301,987 $8,301,987 Non-Departmental $9,026,574 $9,296,283 Transfers Out $22,877,136 $26,667,784 General Fund Total $133,177,652 $135,256,433 SECTION 4. 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 2024 are hereby amended as follows: SOURCE ORIGINAL BUDGET FINAL AMENDED BUDGET Intergovernmental $6,723,469 $15,966,662 Other Special Revenue $507,756 $643,665 Special Charges $6,006,856 $6,848,606 Stimulus Grants $79,614 $79,614 HUD Grants $2,730,000 $14,911,930 Public Improvements $13,038,459 $115,375,966 Police Safety Tax $5,055,733 $7,834,179 Special Districts $715,746 $744,597 Debt Service $3,069,555 $3,184,686 Economic Development $15,212,333 $33,164,459 Fire Department Buildings $0 $35,105,000 Elmwood Golf Course $1,820,161 $2,235,753 Walkingstick Golf Course $1,476,300 $1,745,608 Honor Farm $132,898 $132,898 Memorial Hall $2,249,278 $2,249,278 Memorial Airport $2,367,207 $15,153,326 Pueblo Transit $6,740,134 $10,549,644 Parking Facilities $800,214 $925,566 Wastewater Enterprise $31,935,264 $79,656,491 Stormwater Utility $6,988,382 $19,271,470 Street Repair $0 $1,303,091 Internal Service $20,901,225 $20,901,225 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 the final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on July 14, 2025. Final adoption of Ordinance by City Council on July 28, 2025. ____________________________ President of City Council Action by the Mayor: Approved on _______________. 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 _____________ ____________________________ President of City Council ATTEST ________________________________ City Clerk