The URL can be used to link to this page

Home My WebLink About11075 City Clerk's Office Item #R 2 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: November 24, 2025 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Danny Nunn< Director Finance Heather Graham, 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 2026 AND ADOPTING THE BUDGET FOR THE YEAR 2026 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 2026 expenditures. Provided in the Ordinance is the Mayor's recommended budget. PREVIOUS COUNCIL ACTION: None. BACKGROUND: On October 14, 2025, the budget as originally presented to the City Council and the citizens of Pueblo set forth a plan whereby the City will expend all anticipated general fund revenues and an additional $11,935,406 of funds from reserves. The Council designated minimum reserve will be equal to 12% of the annual General Fund expenditures and transfers out for the fiscal year 2026. The budget document includes total spending from the General Fund in the amount of $129,826,541, requiring $11,935,406 from reserves in order to provide safe and reliable services for the benefit of the citizens of the City of Pueblo. On November 24, 2025, the budget recommendation has been updated to reflect net decrease in expenses which will decrease the amount of reserves needed. The budget still sets forth a plan whereby the City will expend all anticipated general fund revenues and an additional $ 10,311,008 of funds from reserves. The Council designated minimum reserve will be equal to 12% of the annual General Fund expenditures and transfers out for the fiscal year 2026. The budget document includes total spending from the General Fund in the amount of $117,891,135 requiring $10,311,008 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 15, 2025. 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 27, 2025. ALTERNATIVES: Not applicable. RECOMMENDATION: Approval of the Ordinance. ATTACHMENTS: None ORDINANCE NO. 11075 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 2026 AND ADOPTING THE BUDGET FOR THE YEAR 2026 BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The budget for the fiscal year 2026, 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 2026 is hereby estimated, and the General Fund Appropriation by Department for Fiscal Year 2026 is hereby made as follows: REVENUE BY SOURCE AMOUNT APPROPRIATION BY AMOUNT DEPARTMENT Taxes 100,071,808 General Government 19,615,324 Licenses & Permits 1,123,350 Police 43,655,487 Intergovernmental 2,750,000 Fire 29,883,192 Charges for Service 5,128,754 Public Works 8,852,584 Fines & Forfeits 1,393,600 Parks 8,691,830 Other Revenue 2,567,700 Non-Departmental 8,119,344 Transfers In 4,855,923 Transfers Out 9,384,382 Fund Balance Reserves 10,311,008 General Fund Total 128,202,143 General Fund Total 128,202,143 SECTION 3. Revenue is hereby estimated, and appropriations hereby made for the Fiscal Year 2026 for all other Funds of the City of Pueblo as follows: OTHER FUNDS REVENUE APPROPRIATION INTERGOVERNMENTAL 7,241,162 7,241,162 SPECIAL CHARGES 7,173,543 7,173,543 SPECIAL DISTRICT 707,699 707,699 OTHER SPECIAL REVENUE 583,191 583,191 HUD GRANTS 2,788,757 2,788,757 STIMULUS GRANTS 385,059 385,059 PUBLIC IMPROVEMENTS 4,030,314 4,030,314 DEBT SERVICE FUND 4,829,967 4,829,967 ECONOMIC DEVELOPMENT TAX 14,737,632 14,737,632 POLICE SAFETY TAX 5,140,718 5,140,718 ELMWOOD GOLF COURSE 1,748,822 1,748,822 WALKINGSTICK GOLF COURSE 1,608,293 1,608,293 HONOR FARM PROPERTIES 110,931 110,931 MEMORIAL HALL 3,046,498 3,046,498 MEMORIAL AIRPORT 2,602,525 2,602,525 PUEBLO TRANSIT 7,183,477 7,183,477 PARKING FACILITIES 780,325 780,325 WASTEWATER ENTERPRISE 35,760,876 35,760,876 STORMWATER UTILITY 6,682,516 6,682,516 INTERNAL SERVICE FUNDS 25,441,808 25,441,808 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 2026 is $14,737,632 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 2026 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. 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. Action by City Council: Introduced and initial adoption of Ordinance by City Council on November 10, 2025. Final adoption of Ordinance by City Council on November 24, 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