Title
Ordinance No. 16-108 Identifying and Accepting the Annual Sources of Funds for Colorado Springs Utilities for the Year Ending December 31, 2017
Presenter:
Bill Cherrier, Chief Planning and Finance Officer, Colorado Springs Utilities
Jerry Forte, P.E., CEO, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities requests consideration and approval of its calendar year 2017 Annual Sources of Funds.
Previous Council Action:
Each year, City Council evaluates and approves the annual sources of funds for Colorado Springs Utilities for the following calendar year.
Background:
As part of the yearly budget process, City Council must approve the annual sources of funds for Colorado Springs Utilities for the following calendar year. The amount of money necessary to fund Colorado Springs Utilities’ operation, taking into account the amounts available from other sources to meet the expenses of Colorado Springs Utilities for the ensuing year, is the sum of $1,025,294,458.
Financial Implications:
Colorado Springs Utilities 2017 Annual Budget.
Board/Commission Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
N/A
Recommended Action
Proposed Motion:
Move approval of the proposed ordinance.
Summary of Ordinance Language
Colorado Springs Utilities 2017 Annual Budget.Source of Funds