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Home My WebLink About2023 Ordinance No. 055Page 1 of 6 ORDINANCE NO. 55 COUNCIL BILL NO. 61 SERIES OF 2023 INTRODUCED BY COUNCIL MEMBER ANDERSON AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF ENGLEWOOD, COLORADO, FOR FISCAL YEAR 2024. WHEREAS, pursuant to the provisions of Part I, Article X, of the Charter of the City of Englewood, Colorado, a budget for fiscal year 2024 was duly submitted by the City Manager to the City Council; WHEREAS, the City Council of the City of Englewood studied and discussed the 2024 fiscal year budget at a budget workshop held on August 14, 2023; WHEREAS, a public hearing on said budget was held by the City Council at the meeting of the City Council on September 11, 2023, in conformance with § 87 of the Home Rule Charter of the City of Englewood; and WHEREAS, notice of the time and place of said hearing was published within seven days after submission of the budget in the manner provided in the Charter for the publication of an ordinance, in conformance with § 87 of the Home Rule Charter of the City of Englewood. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: Section 1. That the budget of the City of Englewood, Colorado, for fiscal year 2024, as submitted by the City Manager, duly considered by the City Council and with changes made by the City Manager to reflect Council discussion after public hearing, is adopted as the budget for the City of Englewood for the fiscal year 2024. Section 2. GENERAL FUND 2024 BUDGET GENERAL FUND Fund Balance, January 1, 2024 $ 23,298,610 REVENUES Sales/Use Tax $ 45,033,000 Property and Specific Ownership Tax $ 6,950,000 Franchise/Occupation/Cigarette/Hotel Tax $ 4,155,000 Licenses/Permits $ 1,539,800 Intergovernmental Revenue $ 1,359,578 Charges for Services $ 4,112,754 Cultural & Recreation $ 3,013,405 DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B Page 2 of 6 Fines & Forfeitures $ 260,775 Interest $ 404,500 Contribution from Component Units $ 1,899,000 Other $ 801,918 Total Revenues $ 69,529,730 Other Financing Sources $ 141,612 Total Sources of Funds $ 69,671,342 EXPENDITURES Legislation $ 267,369 City Manager's Office $ 1,101,312 City Clerk's Office $ 820,682 City Attorney's Office $ 1,081,417 Municipal Court $ 1,559,137 Human Resources $ 965,896 Finance $ 2,299,173 Information Technology $ 5,288,993 Community Development $ 3,394,414 Public Works $ 11,702,924 Police $ 27,610,810 Parks, Recreation, Library and Golf $ 10,056,064 Communications $ 1,010,919 Contingencies $ 2,735,497 Debt Service $ 141,612 Component Units $ - Total Expenditures $ 70,036,219 Other Financing Uses $ 4,942,157 Total Uses of Funds $ 74,978,376 Fund Balance, December 31, 2024 $ 17,991,576 Section 3. SPECIAL REVENUE FUNDS SPECIAL REVENUE FUNDS Conservation Trust Fund Fund Balance, January 1, 2024 $ 353,616 Revenues $ 420,000 Expenditures $ 523,328 Fund Balance, December 31, 2024 $ 250,288 Donors Fund Fund Balance, January 1, 2024 $ 603,293 Revenues $ 72,100 DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B Page 3 of 6 Expenditures $ 400,500 Fund Balance, December 31, 2024 $ 274,893 Parks and Recreation Trust Fund Fund Balance, January 1, 2024 $ 126,626 Revenues $ 2,500 Expenditures $ 15,000 Fund Balance, December 31, 2024 $ 114,126 Malley Center Trust Fund Fund Balance, January 1, 2024 $ 418,160 Revenues $ 3,000 Expenditures $ 35,000 Fund Balance, December 31, 2024 $ 386,160 Open Space Fund Fund Balance, January 1, 2024 $ 1,847,543 Revenues $ 1,600,000 Expenditures $ 1,312,195 Fund Balance, December 31, 2024 $ 2,135,348 Section 4. DEBT SERVICE FUNDS DEBT SERVICE FUNDS Police HQ General Obligation Bonds Fund Balance, January 1, 2024 $ 47,268 Revenues $ 2,253,250 Expenditures $ 2,233,300 Fund Balance, December 31, 2024 $ 67,218 Section 5. CAPITAL PROJECT FUNDS Public Improvement Fund Fund Balance, January 1, 2024 $ 3,571,762 Revenues $ 5,260,000 Expenditures $ 5,784,077 Transfer In $ 4,542,157 Transfer Out $ 4,161,612 Fund Balance, December 31, 2024 $ 3,428,230 DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B Page 4 of 6 Capital Projects Fund Fund Balance, January 1, 2024 $ 769,125 Revenues $ 5,000 Expenditures $ 3,169,345 Transfer In $ 4,020,000 Fund Balance, December 31, 2024 $ 1,624,780 Police HQ Construction Fund Fund Balance, January 1, 2024 $ 2,366,272 Revenues $ 50,000 Expenditures $ 600,600 Fund Balance, December 31, 2024 $ 1,815,672 Section 6. ENTERPRISE FUNDS ENTERPRISE FUNDS Water Fund Fund Balance, January 1, 2024 $ 17,898,827 Revenues $ 32,130,000 Expenditures $ 47,550,811 Fund Balance, December 31, 2024 $ 2,478,016 Sewer Fund Fund Balance, January 1, 2024 $ 10,255,592 Revenues $ 26,411,000 Expenditures $ 29,018,830 Fund Balance, December 31, 2024 $ 7,647,762 Storm Drainage Fund Fund Balance, January 1, 2024 $ 24,557,387 Revenues $ 3,637,000 Expenditures $ 26,142,435 Fund Balance, December 31, 2024 $ 2,051,952 Golf Course Fund Fund Balance, January 1, 2024 $ 252,099 Revenues $ 2,986,190 Expenditures $ 2,931,941 Fund Balance, December 31, 2024 $ 306,348 Concrete Utility Fund Fund Balance, January 1, 2024 $ 2,121,959 Revenues $ 1,148,600 DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B Page 5 of 6 Expenditures $ 1,192,549 Fund Balance, December 31, 2024 $ 2,078,010 Housing Rehabilitation Fund Fund Balance, January 1, 2024 $ 1,046,051 Revenues $ 140,325 Expenditures $ 293,000 Fund Balance, December 31, 2024 $ 893,376 Section 7. INTERNAL SERVICE FUNDS INTERNAL SERVICE FUNDS Servicenter Fund Fund Balance, January 1, 2024 $ 298,748 Revenues $ 2,602,310 Expenditures $ 2,582,630 Fund Balance, December 31, 2024 $ 318,428 Capital Equipment Replacement Fund Fund Balance, January 1, 2024 $ 2,912,187 Revenues $ 1,070,591 Expenditures $ 2,466,534 Fund Balance, December 31, 2024 $ 1,516,244 Risk Management Fund Fund Balance, January 1, 2024 $ 961,659 Revenues $ 1,557,423 Expenditures $ 2,424,324 Fund Balance, December 31, 2024 $ 94,758 Employee Benefits Fund Fund Balance, January 1, 2024 $ 945,786 Revenues $ 7,108,981 Expenditures $ 7,268,250 Fund Balance, December 31, 2024 $ 786,517 Section 8. That the said budget shall be a public record in the office of the City Clerk and shall be open to public inspection. Sufficient copies thereof shall be made available for the use of the City Council and the public, the number of copies to be determined by the City Manager. DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B Page 6 of 6 Introduced and passed on first reading on the 18th day of September, 2023; and on second reading, in identical form to the first reading, on the 2nd day of October, 2023. Othoniel Sierra, Mayor ATTEST: _________________________________ Stephanie Carlile, City Clerk I, Stephanie Carlile, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is a true copy of an Ordinance, introduced and passed in identical form on first and second reading on the dates indicated above; and published two days after each passage on the City’s official website for at least thirty (30) days thereafter. The Ordinance shall become effective thirty (30) days after first publication on the City’s official website. Stephanie Carlile DocuSign Envelope ID: 84355B62-6B32-4080-8321-6DE99B7B604B