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 f...
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