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CITY OF CORTEZ
123 ROGER SMITH AVENUE
CORTEZ, CO 81321

Kelly Koskie
Director of Finance
123 Roger Smith Ave
Cortez, CO. 81321
kkoskie@cortezco.gov

Memorandum

To:

CORTEZ CITY COUNCIL

From:

KELLY KOSKIE, DIRECTOR OF FINANCE

Date:

10/13/2023

RE:

Approval of the 2024 Budget on First Reading

DISCUSSION

The annual budget and approved appropriations are an important and required part of the fiscal cycle. The budget not only sets priorities of where money will be spent, it is used as a guiding document for each department within the City of Cortez throughout the year.

BACKGROUND

Through ClearGov, the 2024 proposed budget has been reviewed by all Directors and Supervisors. After the budgets were submitted to the Finance Department, the City Manager and the Finance Director met with each Director individually. The proposed budget was reviewed by all Council members and the Mayor. Through the ClearGov transparency center button titled "2024 Proposed Budget" located on the City of Cortez webpage and through all appropriate social media outlets, public comment will be noted.

FISCAL IMPACT

The overall budget is approximately $35 million which represents all projected revenue for the General Fund, Enterprise Funds, and Capital Projects.

RECOMMENDATION

Staff recommends that Council approve on approval on first reading of Ordinance No. 1323, Series 2023, an Ordinance summarizing expenditures and revenues for each fund and adopting a budget for the City of Cortez, Colorado, for the calendar year beginning on the first day of January 2024 and ending on the last day of December 2024, and set for second reading and public hearing on November 14, 2023.

MOTION

If agreed upon by the City Council, a possible motion would be:
I move that Council approve on first reading of Ordinance No. 1323, Series 2023, an Ordinance summarizing expenditures and revenues for each fund and adopting a budget for the City of Cortez, Colorado, for the calendar year beginning on the first day of January 2024 and ending on the last day of December 2024, and set for second reading and public hearing on November 14, 2023.

Attachments

Ordinance No. 1323

Appendix A