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File #: 20-540    Version: Name:
Type: Ordinance Status: Mayor's Office
File created: 9/14/2020 In control: City Council
On agenda: 11/10/2020 Final action: 11/10/2020
Title: Ordinance No. 20-83 Approving the Annual Budget for Colorado Springs Utilities and Appropriating Monies for the Several Purposes Named in the Annual Colorado Springs Utilities Budget for the Year Ending December 31, 2021 Presenter: Scott Shewey, Chief Planning and Finance Officer, Colorado Springs Utilities Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Attachments: 1. 2021 Annual Budget Formal Ord, 2. 2020-10-27 CC Prelim Budget, 3. Signed Ordinance 20-83

 

Title

Ordinance No. 20-83 Approving the Annual Budget for Colorado Springs Utilities and Appropriating Monies for the Several Purposes Named in the Annual Colorado Springs Utilities Budget for the Year Ending December 31, 2021

  Presenter: 

Scott Shewey, Chief Planning and Finance Officer, Colorado Springs Utilities
Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities

 

Body

  Summary:

Colorado Springs Utilities requests approval of the annual budget for Colorado Springs Utilities and the appropriation of funds for several purposes named in the annual budget for the year ending December 31, 2021

 

  Background: 

As part of the yearly budget process, City Council must approve the annual budget for Colorado Springs Utilities and appropriate funds for Colorado Springs Utilities’ purposes for the following calendar year. Colorado Springs Utilities requests that City Council adopt the budget for Colorado Springs Utilities to be appropriated out of the revenues and fund balance of Colorado Springs Utilities for the year ending December 31, 2021 in the amount of $1,114,730,278 to meet the expenses of Colorado Springs Utilities for that year.

  Previous Council Action:

Each year, City Council evaluates and approves a budget for Colorado Springs Utilities for the following calendar year.

 

 Financial Implications:

Colorado Springs Utilities 2021 Annual Budget.

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Move approval of the proposed ordinance.

 

Summary of Ordinance Language

City Council must approve the annual budget for Colorado Springs Utilities and appropriate
funds for Colorado Springs Utilities’ purposes for the following calendar year. Colorado
Springs Utilities requests that City Council adopt the budget for Colorado Springs Utilities to
be appropriated out of the revenues and fund balance of Colorado Springs Utilities for the
year ending December 31, 2021 in the amount of $1,114,730,278 to meet the expenses of
Colorado Springs Utilities for that year.



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