City of Colorado Springs Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 23-396    Version: Name:
Type: Ordinance Status: Mayor's Office
File created: 7/25/2023 In control: City Council
On agenda: 11/28/2023 Final action: 11/28/2023
Title: Ordinance 23-65 Annual Appropriation Ordinance Adopting the Annual Budget and Appropriating Funds for the Several Purposes Named in Said Budget for the Year Ending December 31, 2024 Presenter: Charae McDaniel, Chief Financial Officer
Attachments: 1. 2024 Budget Ordinance-11.13.pdf, 2. Signed Ordinance No. 23-65.pdf

Title
Ordinance 23-65 Annual Appropriation Ordinance Adopting the Annual Budget and Appropriating Funds for the Several Purposes Named in Said Budget for the Year Ending December 31, 2024

Presenter:
Charae McDaniel, Chief Financial Officer

Body
Summary:
The attached Ordinance adopts the budgets and appropriates all funds and reflects proposed administrative and City Council changes as line items.

At the 2024 Budget Markup Session on October 30, 2023, City Council discussed changes to the 2024 budget released on October 2, 2023.

The proposed changes to the 2024 Budget are listed in attachments as follows:
? General Fund - Attachment A
? Lodgers and Auto Rental Tax Fund - Attachment B
? Development Review Enterprise - Attachment C

Background:
The Mayor transmitted the 2024 Budget to City Council on October 2, 2023, and the 2024 Budget was reviewed and discussed by City Council in a Budget Work Session on October 16, 2023 and a Budget Markup session on October 30, 2023. Public input was received by City Council at a formal public hearing held on October 23, 2023.

Previous Council Action:
During the Budget Markup Session on October 30, 2023, City Council discussed the presented administrative changes to the 2024 Budget, deciding not to make additional changes to the General Fund or Development Review Enterprise budgets. Council did however, request changes to the LART budget to increase the amount for two projects previously recommended by the LART Citizen Advisory Committee (CAC). All changes are presented in Attachments A, B and C.

Financial Implications:
The City's 2024 Budget, inclusive of all funds, totals $899,542,171 which is a decrease of $116.7 million or 11.5% as compared to the original 2023 Budget.
The 2024 General Fund Budget totals $428,284,805. This represents an increase of $7.2 million, or 1.7%, as compared to the original 2023 Budget.

City Council Appointed Board/Commission/Committee Recommendation:
N/A

Stakeho...

Click here for full text



The City of Colorado Springs is committed to making its websites accessible to the widest possible audience. We are constantly working to increase the accessibility and usability of our online technology. We strive to maintain conformance to Web Content Accessibility Guidelines (WCAG) 2.1 as well as U.S. Federal Government Section 508 Guidelines. The City of Colorado Springs will be evaluating this site on a regular basis and it will continue to evolve and improve over time as new technologies emerge. If you experience difficulty accessing the information contained within this webpage please contact the Office of Accessibility at 719-385-5169.