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File #: 15-00668    Version: Name:
Type: Ordinance Status: Mayor's Office
File created: 10/22/2015 In control: City Council
On agenda: 12/8/2015 Final action: 12/8/2015
Title: Ordinance No. 15-94 Identifying and Accepting the Annual Sources of Funds for Colorado Springs Utilities for the Year Ending December 31, 2016
Attachments: 1. 2016 Appropriation Accept Source Funds Ord, 2. Signed Ordinance_15-94

 

 

Title

Ordinance No. 15-94 Identifying and Accepting the Annual Sources of Funds for Colorado Springs Utilities for the Year Ending December 31, 2016

 

Body

  From: 

Jerry Forte, P.E., CEO, Colorado Springs Utilities

 

  Summary:

Colorado Springs Utilities requests consideration and approval of its calendar year 2016 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 $972,519,804.

 

  Financial Implications:

Colorado Springs Utilities 2016 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

See attached Ordinance.

 



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