Title
Ordinance No. 19-79 Identifying and Accepting the Annual Sources of Funds for Colorado Springs Utilities for the Year Ending December 31, 2020
Presenter:
Scott Shewey, Acting Chief Planning and Finance Officer
Aram Benyamin, Chief Executive Officer
Body
Summary:
Colorado Springs Utilities requests consideration and approval of its calendar year 2020 Annual Sources of Funds.
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 $974,064,686
Previous Council Action:
Each year, City Council evaluates and approves the annual sources of funds for Colorado Springs Utilities for the following calendar year.
Financial Implications:
Colorado Springs Utilities 2020 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
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 $974,064,686