HomeMy Public PortalAboutTBP 2019-12-04Board of Trustees
Regular Meeting Agenda
Fraser Town Hall, 153 Fraser Avenue
Wednesday December 4, 2019
6:00 PM - 9:00 PM
Members of the Board may have dinner together @ 5:30 p.m.
NOTE: Times are approximate and agenda subject to change
Roll Call
Approval Of Agenda
Bi -Weekly Update November 29, 2019
Bi -Weekly Update 29 November 2019.Pdf
Executive Session
For a conference with the Town Attorney for the purpose of receiving legal
advice on specific legal questions under C.R.S. Section 24 -6 -402(4)(b)
and For the purpose of determining positions relative to matters that may
be subject to negotiations, developing strategy for negotiations, and/or
instructing negotiators, under C.R.S. Section 24 -6 -402(4)(e). Regarding
litigation.
Consent Agenda
Resolution 2019 -12 -01 GIS
Resolution 2019 -12 -01 GIS.pdf
Resolution 2019 -12 -02 105 Norgren Lease Agreement
Resolution 2019 -12 -02 105 Norgren Lease Agreement.pdf
Resolution 2019 -12 -03 200 Eisenhower Lease Agreement
Resolution 2019 -12 -03 200 Eisenhower Lease Agreement.pdf
Resolution 2019 -12 -04 Fraser Valley Metropolitan Recreation
District Lease Agreement
Resolution 2019 -12 -04 FVMRD Lease Agreement.pdf
Resolution 2019 -12 -05 Sharky's License Agreement
Resolution 2019 -12 -05 Sharkys License Agreement.pdf
Resolution 2019 -12 -06 Rendezvous License Agreement
Resolution 2019 -12 -06 Rendezvous License Agreement.pdf
Public Hearing And Possible Action
2020 Budget
2020 Budget.pdf
Proof Of Publication 2020 Budget.pdf
Discussion And Possible Action Regarding
Resolution 2019 -12 -08 Summarizing Revenues And Expenditures
For Each Fund
Resolution 2019 -12 -08 Summarizing Revenues And Expenditures For
Each Fund.pdf
Resolution 2019 -12 -09 Levying Property Taxes
Resolution 2019 -12 -09 Levying Property Taxes.pdf
Resolution 2019 -12 -10 Appropriating Sums Of Money To Various
Funds And Agencies
Resolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds
And Agencies.pdf
Resolution 2019 -12 -11 Law Enforcement Budget
Resolution 2019 -12 -11 Law Enforcement Budget.doc.pdf
Resolution 2019 -12 -12 Building Department Budget
Resolution 2019 -12 -12 Bldg Dept. Budget.pdf
Resolution 2019 -12 -13 Adopting Financial Policies
2020 Financial Policies.pdf
Resolution 2019 -12 -13 Adpoting Financial Policies.pdf
Resolution 2019 -12 -14 Headwaters Trail Alliance Memorandum Of
Understanding
Resolution 2019 -12 -14 MOU Headwaters Trail Alliance.pdf
Town Of Fraser Funding Request 2020 HTA.pdf
Resolution 2019 -12 -15 Crosswalk Lighting Purchase
Resolution 2019 -12 -15 Solar Crosswalk Lighting Equipment.pdf
12 -4 -19 Crosswalk Lighting Puchase.pdf
Open Forum
a) Business not on the agenda
(If you would like to request time on the agenda please contact the Town
Clerk, Antoinette McVeigh at 970 -726 -5491 ext. 201)
Updates
September Financials
TOF 09 - September 2019 Financial Statements.pdf
Adjourn
UPCOMING MEETING
WED. JANUARY 8, 2020 BOARD OF TRUSTEES
1.6:00 P.M.
2.
a.
Documents:
3.
4.7:00 P.M.
a.
Documents:
b.
Documents:
c.
Documents:
d.
Documents:
e.
Documents:
f.
Documents:
5.
a.
Documents:
6.
a.
Documents:
b.
Documents:
c.
Documents:
d.
Documents:
e.
Documents:
f.
Documents:
g.
Documents:
h.
Documents:
7.
8.
a.
Documents:
9.
Board Staff
Direct : Define the service, product or value to
be delivered
Lead : Future focused planning
Protect : Establish the operational boundaries
to be respected by Staff and monitored by
the Board
Manage : Now focused policy and procedural
guidance to ensure on time, on budget, and on
target service delivery
Enable : Advocacy, resource development,
and role discipline
Accomplish : Ensure the work defined by the
direction of the Board of Trustees is accomplished
Board of TrusteesRegular Meeting AgendaFraser Town Hall, 153 Fraser AvenueWednesday December 4, 20196:00 PM - 9:00 PMMembers of the Board may have dinner together @ 5:30 p.m. NOTE: Times are approximate and agenda subject to changeRoll CallApproval Of AgendaBi-Weekly Update November 29, 2019Bi-Weekly Update 29 November 2019.PdfExecutive Session For a conference with the Town Attorney for the purpose of receiving legal advice on specific legal questions under C.R.S. Section 24 -6 -402(4)(b) and For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24 -6 -402(4)(e). Regarding litigation.Consent AgendaResolution 2019 -12 -01 GISResolution 2019 -12 -01 GIS.pdfResolution 2019 -12 -02 105 Norgren Lease AgreementResolution 2019 -12 -02 105 Norgren Lease Agreement.pdfResolution 2019 -12 -03 200 Eisenhower Lease Agreement
Resolution 2019 -12 -03 200 Eisenhower Lease Agreement.pdf
Resolution 2019 -12 -04 Fraser Valley Metropolitan Recreation
District Lease Agreement
Resolution 2019 -12 -04 FVMRD Lease Agreement.pdf
Resolution 2019 -12 -05 Sharky's License Agreement
Resolution 2019 -12 -05 Sharkys License Agreement.pdf
Resolution 2019 -12 -06 Rendezvous License Agreement
Resolution 2019 -12 -06 Rendezvous License Agreement.pdf
Public Hearing And Possible Action
2020 Budget
2020 Budget.pdf
Proof Of Publication 2020 Budget.pdf
Discussion And Possible Action Regarding
Resolution 2019 -12 -08 Summarizing Revenues And Expenditures
For Each Fund
Resolution 2019 -12 -08 Summarizing Revenues And Expenditures For
Each Fund.pdf
Resolution 2019 -12 -09 Levying Property Taxes
Resolution 2019 -12 -09 Levying Property Taxes.pdf
Resolution 2019 -12 -10 Appropriating Sums Of Money To Various
Funds And Agencies
Resolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds
And Agencies.pdf
Resolution 2019 -12 -11 Law Enforcement Budget
Resolution 2019 -12 -11 Law Enforcement Budget.doc.pdf
Resolution 2019 -12 -12 Building Department Budget
Resolution 2019 -12 -12 Bldg Dept. Budget.pdf
Resolution 2019 -12 -13 Adopting Financial Policies
2020 Financial Policies.pdf
Resolution 2019 -12 -13 Adpoting Financial Policies.pdf
Resolution 2019 -12 -14 Headwaters Trail Alliance Memorandum Of
Understanding
Resolution 2019 -12 -14 MOU Headwaters Trail Alliance.pdf
Town Of Fraser Funding Request 2020 HTA.pdf
Resolution 2019 -12 -15 Crosswalk Lighting Purchase
Resolution 2019 -12 -15 Solar Crosswalk Lighting Equipment.pdf
12 -4 -19 Crosswalk Lighting Puchase.pdf
Open Forum
a) Business not on the agenda
(If you would like to request time on the agenda please contact the Town
Clerk, Antoinette McVeigh at 970 -726 -5491 ext. 201)
Updates
September Financials
TOF 09 - September 2019 Financial Statements.pdf
Adjourn
UPCOMING MEETING
WED. JANUARY 8, 2020 BOARD OF TRUSTEES
1.6:00 P.M.2.a.Documents:3.4.7:00 P.M.a.Documents:b.Documents:c.Documents:
d.
Documents:
e.
Documents:
f.
Documents:
5.
a.
Documents:
6.
a.
Documents:
b.
Documents:
c.
Documents:
d.
Documents:
e.
Documents:
f.
Documents:
g.
Documents:
h.
Documents:
7.
8.
a.
Documents:
9.
Board Staff
Direct : Define the service, product or value to
be delivered
Lead : Future focused planning
Protect : Establish the operational boundaries
to be respected by Staff and monitored by
the Board
Manage : Now focused policy and procedural
guidance to ensure on time, on budget, and on
target service delivery
Enable : Advocacy, resource development,
and role discipline
Accomplish : Ensure the work defined by the
direction of the Board of Trustees is accomplished
Board of TrusteesRegular Meeting AgendaFraser Town Hall, 153 Fraser AvenueWednesday December 4, 20196:00 PM - 9:00 PMMembers of the Board may have dinner together @ 5:30 p.m. NOTE: Times are approximate and agenda subject to changeRoll CallApproval Of AgendaBi-Weekly Update November 29, 2019Bi-Weekly Update 29 November 2019.PdfExecutive Session For a conference with the Town Attorney for the purpose of receiving legal advice on specific legal questions under C.R.S. Section 24 -6 -402(4)(b) and For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24 -6 -402(4)(e). Regarding litigation.Consent AgendaResolution 2019 -12 -01 GISResolution 2019 -12 -01 GIS.pdfResolution 2019 -12 -02 105 Norgren Lease AgreementResolution 2019 -12 -02 105 Norgren Lease Agreement.pdfResolution 2019 -12 -03 200 Eisenhower Lease AgreementResolution 2019 -12 -03 200 Eisenhower Lease Agreement.pdfResolution 2019 -12 -04 Fraser Valley Metropolitan Recreation District Lease AgreementResolution 2019 -12 -04 FVMRD Lease Agreement.pdfResolution 2019 -12 -05 Sharky's License AgreementResolution 2019 -12 -05 Sharkys License Agreement.pdfResolution 2019 -12 -06 Rendezvous License AgreementResolution 2019 -12 -06 Rendezvous License Agreement.pdfPublic Hearing And Possible Action2020 Budget2020 Budget.pdfProof Of Publication 2020 Budget.pdfDiscussion And Possible Action RegardingResolution 2019 -12 -08 Summarizing Revenues And Expenditures For Each FundResolution 2019 -12 -08 Summarizing Revenues And Expenditures For Each Fund.pdfResolution 2019 -12 -09 Levying Property TaxesResolution 2019 -12 -09 Levying Property Taxes.pdfResolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds And AgenciesResolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds And Agencies.pdfResolution 2019 -12 -11 Law Enforcement Budget
Resolution 2019 -12 -11 Law Enforcement Budget.doc.pdf
Resolution 2019 -12 -12 Building Department Budget
Resolution 2019 -12 -12 Bldg Dept. Budget.pdf
Resolution 2019 -12 -13 Adopting Financial Policies
2020 Financial Policies.pdf
Resolution 2019 -12 -13 Adpoting Financial Policies.pdf
Resolution 2019 -12 -14 Headwaters Trail Alliance Memorandum Of
Understanding
Resolution 2019 -12 -14 MOU Headwaters Trail Alliance.pdf
Town Of Fraser Funding Request 2020 HTA.pdf
Resolution 2019 -12 -15 Crosswalk Lighting Purchase
Resolution 2019 -12 -15 Solar Crosswalk Lighting Equipment.pdf
12 -4 -19 Crosswalk Lighting Puchase.pdf
Open Forum
a) Business not on the agenda
(If you would like to request time on the agenda please contact the Town
Clerk, Antoinette McVeigh at 970 -726 -5491 ext. 201)
Updates
September Financials
TOF 09 - September 2019 Financial Statements.pdf
Adjourn
UPCOMING MEETING
WED. JANUARY 8, 2020 BOARD OF TRUSTEES
1.6:00 P.M.2.a.Documents:3.4.7:00 P.M.a.Documents:b.Documents:c.Documents:d.Documents:e.Documents:f.Documents:5.a.Documents:6.a.Documents:b.Documents:c.Documents:d.
Documents:
e.
Documents:
f.
Documents:
g.
Documents:
h.
Documents:
7.
8.
a.
Documents:
9.
Board Staff
Direct : Define the service, product or value to
be delivered
Lead : Future focused planning
Protect : Establish the operational boundaries
to be respected by Staff and monitored by
the Board
Manage : Now focused policy and procedural
guidance to ensure on time, on budget, and on
target service delivery
Enable : Advocacy, resource development,
and role discipline
Accomplish : Ensure the work defined by the
direction of the Board of Trustees is accomplished
Board of TrusteesRegular Meeting AgendaFraser Town Hall, 153 Fraser AvenueWednesday December 4, 20196:00 PM - 9:00 PMMembers of the Board may have dinner together @ 5:30 p.m. NOTE: Times are approximate and agenda subject to changeRoll CallApproval Of AgendaBi-Weekly Update November 29, 2019Bi-Weekly Update 29 November 2019.PdfExecutive Session For a conference with the Town Attorney for the purpose of receiving legal advice on specific legal questions under C.R.S. Section 24 -6 -402(4)(b) and For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24 -6 -402(4)(e). Regarding litigation.Consent AgendaResolution 2019 -12 -01 GISResolution 2019 -12 -01 GIS.pdfResolution 2019 -12 -02 105 Norgren Lease AgreementResolution 2019 -12 -02 105 Norgren Lease Agreement.pdfResolution 2019 -12 -03 200 Eisenhower Lease AgreementResolution 2019 -12 -03 200 Eisenhower Lease Agreement.pdfResolution 2019 -12 -04 Fraser Valley Metropolitan Recreation District Lease AgreementResolution 2019 -12 -04 FVMRD Lease Agreement.pdfResolution 2019 -12 -05 Sharky's License AgreementResolution 2019 -12 -05 Sharkys License Agreement.pdfResolution 2019 -12 -06 Rendezvous License AgreementResolution 2019 -12 -06 Rendezvous License Agreement.pdfPublic Hearing And Possible Action2020 Budget2020 Budget.pdfProof Of Publication 2020 Budget.pdfDiscussion And Possible Action RegardingResolution 2019 -12 -08 Summarizing Revenues And Expenditures For Each FundResolution 2019 -12 -08 Summarizing Revenues And Expenditures For Each Fund.pdfResolution 2019 -12 -09 Levying Property TaxesResolution 2019 -12 -09 Levying Property Taxes.pdfResolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds And AgenciesResolution 2019 -12 -10 Appropriating Sums Of Money To Various Funds And Agencies.pdfResolution 2019 -12 -11 Law Enforcement BudgetResolution 2019 -12 -11 Law Enforcement Budget.doc.pdfResolution 2019 -12 -12 Building Department BudgetResolution 2019 -12 -12 Bldg Dept. Budget.pdfResolution 2019 -12 -13 Adopting Financial Policies2020 Financial Policies.pdfResolution 2019 -12 -13 Adpoting Financial Policies.pdfResolution 2019 -12 -14 Headwaters Trail Alliance Memorandum Of UnderstandingResolution 2019 -12 -14 MOU Headwaters Trail Alliance.pdfTown Of Fraser Funding Request 2020 HTA.pdfResolution 2019 -12 -15 Crosswalk Lighting PurchaseResolution 2019 -12 -15 Solar Crosswalk Lighting Equipment.pdf12-4 -19 Crosswalk Lighting Puchase.pdfOpen Foruma) Business not on the agenda(If you would like to request time on the agenda please contact the Town Clerk, Antoinette McVeigh at 970 -726 -5491 ext. 201)UpdatesSeptember Financials TOF 09 - September 2019 Financial Statements.pdfAdjournUPCOMING MEETINGWED. JANUARY 8, 2020 BOARD OF TRUSTEES1.6:00 P.M.2.a.Documents:3.4.7:00 P.M.a.Documents:b.Documents:c.Documents:d.Documents:e.Documents:f.Documents:5.a.Documents:6.a.Documents:b.Documents:c.Documents:d.Documents:e.Documents:f.Documents:g.Documents:h.Documents:7.8.a.Documents:9.
Board Staff
Direct : Define the service, product or value to
be delivered
Lead : Future focused planning
Protect : Establish the operational boundaries
to be respected by Staff and monitored by
the Board
Manage : Now focused policy and procedural
guidance to ensure on time, on budget, and on
target service delivery
Enable : Advocacy, resource development,
and role discipline
Accomplish : Ensure the work defined by the
direction of the Board of Trustees is accomplished
Bi-W e e k l y U p d a t e N o v. 2 9 , 2 0 1 9
Highlights
• Happy Holidays
• Safe Routes to
School Grant
• 2019 Fraser
Sustainability
• 2020 Census
• Public Works
Upcoming
Events
NOV 30
Historic Ornament
Making at Cozens
Ranch Museum
NOV 30
Holiday Market and
Tree Lighting at Winter
Park Resort
DEC 6
Festival of Trees at
Grand Park Rec Center
DEC 14
Venture Out Fest at
Winter Park Resort
DEC 14
Fireworks and Family
Fest at Winter Park
Resort
*Click any event
for more details Town Holiday Hours
Happy holidays everyone! Fraser Town Hall will be closed for business
on Christmas Day and New Year’s Day. Following the Town Board
Meeting on Dec. 4, there will not be another Town Board Meeting until
Jan. 8 with the next Bi-Weekly Update available Jan. 3. Enjoy the
holiday season and be safe!
P a g e 2 Bi-W e e k l y U p d a t e
Safe Routes to School Grant
In 2016, the Town of Fraser applied for and received a
Colorado Department of Transportation (CDOT) Safe
Routes to School (SRTS) grant. This program uses a
comprehensive approach to make school routes safe for
children when walking and biking to school. SRTS pro-
grams can improve safety, not just for children, but for the
entire community. It provides opportunities for people to
increase their physical activity and improve their health. It
reduces congestion and pollution around our schools and
encourages partnerships.
The grant funding required an educational component to the project. The Town of Fraser partnered
with Fraser Valley Elementary School students who participated in a project analysis to determine
how they could make walking and bicycling to school safer and more accessible for children. The
students presented their findings to the Fraser Town Board which focused on safety as the main
concern. See photos below highlight some of the improved safety measures that have been imple-
mented at the school.
In the pictures above, safety improvements for walking and biking to Fraser Elementary School are
shown based on feedback from parents and kids that attend the school.
P a g e 3 Bi-W e e k l y U p d a t e
2019 Fraser Sustainability
We are proud to look back on 2019 with several sustainability accomplishments. Great strides have
been made to pursue a more sustainable community and lower our impact on the environment. Be-
low are some of the Town’s achievements towards sustainability.
The Drop: Pay-As -You-Throw Trash and Recycling Facility
The Drop, Fraser’s pay-as-you-throw (PAYT) trash and recycling facility, finished out its first full year
of operations. The Drop has seen a 38% increase in recycling utilization since last year and a 17%
increase in PAYT trash bag sales. As of November 25, The Drop has received over 230,000 lbs. of
recycling in 2019 alone! The Drop was also home to the Town ’s first solar system that will help pow-
er the facility and increase the level of service to the community.
High Efficiency Blowers at our Wastewater Treatment Plant
Our wastewater treatment plant has had their new efficient blowers online since June of 2019 which
use less power than the older blowers. The blowers require the highest power demand than any oth-
er piece of equipment for the Town of Fraser and will reduce our greenhouse gas emission at our
wastewater treatment plant by about 100 metric tons every year!
New Rate Structure for Electric Vehicle Charging Stations
Town staff worked with our local utility to help Mountain Parks Electric Inc. establish a favorable rate
structure for level 3 fast electric charging stations for electric vehicles. The Town applied for and was
awarded a $30,000 grant from the Colorado Energy Office to install Grand County ’s first public level
3 electric vehicle charging station next year.
Disposable Bag Fee Adoption
Since the adoption of the Town of Fraser’s disposable bag fee on April 1, 2020, disposable bags
have been reduced by 72% resulting in a cleaner environment and encouragement of a more sus-
tainably focused community.
P a g e 4 Bi-W e e k l y U p d a t e
2020 Census
The 2020 Census is underway soon and people are needed to help conduct the census. Working for
the 2020 Census can provide great extra pay, flexible hours, weekly pay, and paid training while
helping gather information that helps better identify our community population and needs. If you ’re
interested in working for the 2020 Census you can find more information at www.2020census.gov/
jobs or by calling 1-855-JOB-2020.
P a g e 5 Bi-W e e k l y U p d a t e
Public Works
Street Operations
Winter is here and our street operators have been busy with snow management operations which
include snow storage, maintaining snow plows, equipment, loaders, and dump trucks.
Public Works would like to remind all residents to put out and retrieve their trash cans promptly to
allow efficient snow removal and prevent damage to trash cans and snow plow equipment.
Water Utilities
Water conservation in the west is paramount. The Town of Fraser produces a lot of water to serve
the many uses our residence and businesses. This water is tracked on an annual basis called a wa-
ter year. The water year runs from November 1 of one year to October 31 of the next calendar year.
In water year 2019, Fraser diverted/produced and used 18% less water than it did in 2018. Fixing a
leaky water main and a wet summer had an colossal difference in Fraser ’s overall water use, de-
creasing it by about 15 million gallons. About half of that savings can be attributed to less irrigation.
In addition, Fraser is promoting water conservation with a new tiered water rate structure. What can
you do to use less water?
Pictured above, one of our street operators using our side by side snow plow to clear the sidewalks on Eisenhower Drive.
P a g e 6 Bi-W e e k l y U p d a t e
Please feel free to contact
us with any questions
Town Hall
970-726-5491
A full list of contacts can be found at:
www.frasercolorado.com
Town of Fraser
PO Box 370, Fraser, CO 80442
Did You Know?
A Leaving Planet Earth (LPE) water bottle makes a great stocking stuffer or holiday
gift! LPE bottles are available for purchase at Fraser Town Hall at cost for $16.38.
The bottles are of high quality and come in a variety of colors and work great for
cold and hot liquids in any season.
Pictured above is a snowy view of the Town’s gardening shed just a block away from Fraser Town Hall.
TOWN OF FRASER
RESOLUTION NO. 2019-12-01
A RESOLUTION ENTERING INTO A CONTRACT WITH NORTHWEST COLORADO
COUNCIL OF GOVERNMENTS (NWCCOG) FOR GIS SERVICES
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT:
1.The Town Manager is hereby authorized to execute contract with Northwest Colorado
Council of Governments (NWCCOG) for GIS Services with a term to expire December 31,
2020.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-02
A RESOLUTION APPROVING A LEASE AGREEMENT FOR THE PROPERTY LOCATED AT
105 FRASER AVENUE IN FRASER.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Board of Fraser, Colorado hereby approves the lease agreement and
authorizes the Town Manager to execute the lease agreement.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-03
A RESOLUTION APPROVING A LEASE AGREEMENT FOR THE PROPERTY LOCATED AT
200 EISENHOWER IN FRASER.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Board of Fraser, Colorado hereby approves the lease agreement and
authorizes the Town Manager to execute the lease agreement.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-04
A RESOLUTION APPROVING A LEASE AGREEMENT WITH FRASER VALLEY
METROPOLITAN RECREATION DISTRICT FOR THE PROPERTY LOCATED AT 107
EISENHOWER IN FRASER.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Board of Fraser, Colorado hereby approves the lease agreement and
authorizes the Town Manager to execute the lease agreement.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-05
A RESOLUTION APPROVING A LICENSE AGREEMENT WHICH PERMITS AN OFF-
PREMISE SIGN, WITH CONDITIONS, WITH THE OWNERS OF SHARKY’S EATERY,
LOCATED AT 221 DOC SUSIE AVENUE IN FRASER.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Board of Fraser, Colorado hereby approves the license agreement and
authorizes the Town Manager to execute the license agreement.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-06
A RESOLUTION APPROVING A REVOCABLE LICENSE AGREEMENT WITH RENDEZVOUS
COLORADO, LLC PERMITING 2 SHEDS OWNED BY RENDEZVOUS COLORADO, LLC TO
REMAIN ON TOWN PROPERTY AND ALLOWING THE TOWN TO CONDUCT RANDOM
INSPECTIONS OF THE CONTENT OF THE SHEDS
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.That the Town Board of Fraser, Colorado hereby approves the attached license
agreement and authorizes the Town Manager to execute the license agreement.
2.All documents must be executed within sixty days of the date of this Resolution or this
approval shall no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
2020 Town of Fraser Budget
December 4, 2019
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 1
Mayor Vandernail and the Board of Trustees are pleased to present the 2020 Budget.
The Town Board has expressed a strong commitment to ensuring the fiscal sustainability of the
organization while providing the highest level of service within our available resources.
Throughout the Budget Process, the Town Board has identified challenges that threaten near
term fiscal sustainability for the organization. Further, absent effective mitigating actions by the
Town, the impact of these challenges may result in significant reductions to levels of service,
changes to the Town’s tax structure, and/or increases in service fees. These challenges are
summarized as follows:
• Sales tax revenues provide approximately 75% of the revenue in the General Fund
which provides for the general operations of the Town. The Fraser business community
is relatively small, therefore otherwise minor changes can have a significant impact on
revenues that are relied upon for general operations.
• In 2015, Fraser voters approved a 1% sales tax for transit, trails, and capital projects.
Operation of a public transit system has proven expensive and to date, all these
revenues have not been sufficient to fund trails or capital projects. Additionally, reserves
have not been developed in the Restricted Revenue Fund leaving transit operations
vulnerable to economic downturns.
• A collective desire to coordinate and improve solid waste management programs,
energy efficiency, and best business sustainability practices.
• While the Town of Fraser has made great strides to improve its records management
programs, this is a critical function for the organization and needs further resources to
ensure effective and efficient management of our community’s public records.
• Demands on the Public Works Department exceed current resources in the department,
especially in terms of pavement maintenance, winter snow management, water and
sewer operations, and open space and trails maintenance.
• Absent significant investment in water system infrastructure, the Town may not be able
to meet its mission of providing a safe, reliable, and sustainable water supply.
• Inflow and infiltration into the Town’s wastewater collections system is resulting in
operational challenges at the Upper Fraser Valley Wastewater Treatment Facility which
will require multi-million-dollar capital projects at the Facility to avoid violations of our
permits, unless we act to reduce the collection system inflow and infiltration problems.
Colorado municipalities are required to adopt an annual budget. In addition to identifying
revenue sources and amounts, the budget identifies the Town Board’s vision and hopes for the
community via proposed expenditures. Over the course of the year, the Budget provides the
framework for the annual work plan, programs, projects, and services (and levels of service) to
be provided to the community. The total expenditures appropriated in the annual budget cannot
be exceeded unless an amended budget is adopted after proper hearings. The annual budget
cannot provide for deficit spending, unless appropriate additional funds are provided (such as
those from committed reserve accounts).
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 2
Funds
A fund is a grouping of related accounts that is used to maintain control over resources that
have been segregated for specific activities or objectives. The Town, like other state and local
governments, uses fund accounting to ensure transparency and demonstrate compliance with
finance-related legal requirements.
The Town’s Budget includes the following funds:
• General Fund (GF), which provides for the general functions and services such as
administration, planning, law enforcement, streets and properties.
• Restricted Revenue Fund (RRF), a fund to account for sales tax revenues restricted
to transit, trails, and capital projects.
• Conservation Trust Fund (CTF), which is funded by lottery proceeds and provides for
open space and recreational capital projects.
• Capital Equipment Replacement Fund (CERF), which provides for vehicle and heavy
equipment purchases.
• Capital Asset Fund (CAF), which is intended to fund long term maintenance of capital
assets (streets, buildings, parks, trails, etc).
• Cozens Ranch Open Space Fund (CROS), which was utilized for the Fraser River
Enhancement Project to provide transparency and accountabili ty for the project.
• Debt Service Fund (DSF), which provides for debt service payments.
• Water Fund (WF), an enterprise fund for the Town’s water utility.
• Wastewater Fund (WWF), an enterprise fund for the Town’s wastewater utility.
• Joint Facilities Fund (JFF) O&M and the Joint Facilities Fund CRR, both of which
provide for operations and capital projects at the Wastewater Treatment Plant.
Budget adoption is a public policy exercise that must comply with certain statutory requirements.
The Town’s process meets and exceeds all such requirements. While only one public hearing is
required, the Fraser Town Board conducted three hearings. These hearings occurred on
November 6th, November 20th, and December 4th 2019.
Budget Process
The budgeting process is continuous throughout the year, as we continually monitor revenues
and expenses against the current adopted budget.
Budget development for the following year begins mid-year in the offices of the Town Manager
and Finance Manager as trends are identified and work plans for the current year are evaluated.
Around this time budget requests and proposals for the following year start to be identified and
are submitted by department heads, the Town Board, and other outside entities.
While o nly one public hearing is required, the Town of Fraser hosts three public hearings
to ensure that the community has ample opportunity to engage in this process. In 201 9,
the Town Board conduct ed three hearings (November 6th, November 20th, and December 4th).
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 3
The Town’s Budget is one of the most important matters considered by the Town Board that
directly affects every resident, guest, business, and property owner within the community.
The baseline services provided for in the 2020 budget are proposed to be delivered at the
same level of service as provided in 2019. These baseline services include:
• Public Works, including maintenance of streets, trails, parks, and other assets; Water
production and distribution to Fraser residents and guests; Wastewater collections and
treatment.
• Administrative services , including financial and records management, and general
municipal administration.
• Community Development, including planning r eview of new development, long range
strategic planning, and other planning and building services .
• Economic development services and resources.
• Provision of Law Enforcement (including municipal court and animal control) and
Building Inspection Services via intergovernmental agreements with the Town of Winter
Park.
• Operation of the Upper Fraser Valley Wastewater Treatment Facility on behalf of the
Town of Fraser, Winter Park Ranch Water and Sanitation District, and Grand County
Water and Sanitation District #1.
• Transit services via intergovernmental agreement the Town of Winter Park (funded
by a 1% Fraser municipal sales tax).
• Trash and recycling drop off facilit ies at The Drop.
In addition to the baseline services, the 20 20 Budget includes the following:
Funding for the Fraser Winter Park Police Department increases in 2020 due to the office
relocation and to provide for maintaining staffing levels. Hiring police officers is a very
challenging and lengthy process and the department continues to see increasing call volumes.
(10-41-862)
Along with continued operations of The Drop, Fraser’s pay as you throw trash and recycling
drop off facility, the Town Board remains committed to expanding sustainability initiatives. We
will continue to monitor disposable bag fee revenues in 2020. These revenues will be monitored
in a separate account, 10-36-630, while the pay as you throw trash bag revenues will be
monitored in account 10-34-300, all of which are dedicated toward sustainability programs. (10-
41-872 and 10-41-873)
In order to mitigate the housing shortages, especially as relates to workforce housing, the
Town Board has appropriated $500,000 toward housing programs. Staff is working with
Winter Park staff toward implementation of a deed restriction program similar to the Indeed
Program that has been very successful in the Town of Vail. (10 -41-874)
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 4
As government continues to evolve, and the Town of Fraser continues to expand its services,
we need to do a better job marketing those services. In some cases, such as the Drop and the
disposable bag fee, more effective marketing is critical to our success. We will also utilize
marketing as a tool to better communicate the needs and successes of the Town. The Budget
anticipates this with an appropriation of $25,000. (10-41-875)
Funding for a proposed new Meet Me Center and connection to Project THOR– a collaborative
project with the Town of Winter Park, Grand County, Middle Park Health, and Northwest
Colorado Council of Governments to improve broadband access, speeds, and reliability in the
Fraser Valley.
The Public Works Facility is long overdue for improvements. Our crews have done a fantastic
job of making use of every square inch of the facility, but we have overgrown the space. The
budget includes funding for design development for a new facility (this work was initiated in
2019 and will carry over into 2020). Funds for construction are not included within the budget.
(10-60-370)
While we have consultants engaged in design work for the Public Works Facility, we also
propose safety and accessibility improvements to the front entry of Town Hall. Unfortunately, an
unforeseen result of our efforts to better insulate the Town Hall (windows and insulation) has
been overheating problems upstairs and underheating in the Icebox Room. Funds are included
to mitigate these problems. (10-45-673 which also includes normal operating expenses)
Additionally, the irrigation system at Old Schoolhouse Park adjacent to Town Hall has exceeded
its lifespan and is failing. In 2019, staff worked with our partners at the Recreation District to
repair the system. The 2020 budget includes provisions to replace this system. Likewise,
irrigation at the Historic Church and Community Center has been problematic, funds are
included to look into this system along with consideration of new xeriscape improvements.
(10-45-676 and 10-45-670)
$40,000 is included for conceptual design and cost estimates for a whistle less railroad crossing
at Eisenhower Avenue. (10-60-370 which also includes other services)
The salary lines in General Fund/Public Works, Water Fund, and Wastewater Fund are
increasing in 2020 to accommodate for additional staffing needs in order to address water and
wastewater system problems (including implementation of state required programs and
reducing inflow and infiltration), cover additional snow management hours to accommodate our
transit system, additional gardeners and staff the Drop. The additional gardener staffing is to
facilitate completion of landscape improvements in the medians that were constructed in 2019
via the Pedestrian Safety Improvement Project. The Budget also includes increased funding for
landscape materials ($100,000 in 10-60-506)
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 5
In 2018 and 2019, the Fraser Public Arts Committee (PAC) dramatically expanded the Art in
Public Places Program and proposes the following goals and related budget requests for 2020:
In general, the PAC hopes to continue to build momentum with its programs, both in
terms of community support and interest, as well as interest from nationally recognized
artists.
The Revolving Sculpture Program brought three new sculptures to Fraser in 2018. The
PAC proposes expanding the program from 3 to 9 works. In addition to the three 2018
bases, works would be added at the Lions Ponds (a large kinetic work is proposed),
within the US40 medians (assuming the project is complete), and other key locations
around the community. 2019 Budget was $5,000 and 2020 budget is $15,000.
The Mural Program sponsored 10 new murals in Fraser. The PAC anticipates the same
level program in 2020. Budget would remain $15,000.
Additionally, the PAC would like to host the Fraser Mountain Mural Festival in Fraser for
a second year in 2020. Budget request is $20,000.
The PAC proposes another new program to assist with the activation and development
of the open space improvements around the Lions Ponds, a winter lighted trail. This is
estimated to cost $10,000.
Total proposed Art in Public Places 2020 Budget appropriation is $60,000. (10-60-740)
In the Restricted Revenue Fund, it is important to note that in 2020 revenues from the 1% sales
tax are projected to cover 2020 transit expenditures. Additionally, $50,000 for trail expenditures
are budget in this Fund.
The Capital Equipment Replacement Fund expenditures total $360,000, which provides for
vehicle and heavy equipment acquisition, includes a replacement police vehicle.
Public Works Street Improvements includes $1,000,000 for pavement and concrete
maintenance work. Our pavement is approaching its useful life of 20 years and work of this
magnitude will be required every year in the near future (32-40-810).
The Cozens Ranch Open Space Fund includes $1,260,000 in expenditures toward
implementation of the Fraser River Corridor Master Plan. Proposed expenditures include new
bathrooms along with water and sewer utilities, an outdoor classroom, a new playground, and
relocation of the Eisenhower sculpture. The fund includes a $320,000 transfer in from the
General Fund, $6,379 from Park and Open Space Reserves, and $10,000 from the
Conservation Trust Fund. These funds would be leveraged toward additional grant funding
totaling $735,000.
The Debt Service Fund does not include any expenditures as the Town does not currently have
any bonded indebtedness.
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 6
The Town Board is pleased to note that given new customer growth in our Water and
Wastewater Funds resulting from new home construction, water and sewer base rates will
remain unchanged for 2020.
The Water Fund includes a $500,000 expenditure for two waterline replacement projects; one
on Eisenhower Avenue east of the railroad and the other on Quail Ave. Additionally, two new
pressure reducing valves are proposed. (50-40-730).
The Wastewater Fund includes $250,000 for inflow and infiltration capital projects and
associated engineering. This work is critical to maintain operations at the wastewater treatment
plant and future capacity. (55-40-730)
Additionally, funding is included to update water and sewer system future plans, including a
sewer system flow monitoring program.
The Joint Facilities Fund CRR includes funding for a tertiary treatment system to remove
phosphorus and metals. This project was started in 2019 and projected to be completed in the
Fall of 2020. This is important both for maintaining regulatory compliance and the high quality
of the Fraser River. Note that this project is funded by all three ownership entities (Town of
Fraser, Winter Park Ranch Water and Sanitation District, and Grand County Water and
Sanitation District #1). Additional funding is provided via a contribution from the Northern Water
Conservancy District.
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 7
Reserves
The Fraser Town Board has adopted updated Financial Policies (see Resolution 2019-12-13).
In addition to establishing financial standards and expectations, the policies include reserve
policies and goals. Additionally, in order to clearly identify the Town’s financial position, the
Budget format identifies the available reserves for each fund. Further, in 2019 the Town Board
established Strategic Reserves in the General, Water, and Wastewater Funds to set aside one-
time revenues for use toward future capital expenditures.
Target 2019 YEE 2020 Budget Over/Under
General Fund
Tabor Reserve 155,261 110,000 155,636 375
Affordable Housing Reserve 135,426 135,426 135,426 0
P&OS Reserve 0 6,379 0 0
Committed Emergency Reserve 3,324,693 1,000,000 1,000,000 (2,324,693)
Strategic Reserve 1,500,000 1,100,000 1,100,000 (400,000)
Unassigned Fund Balance 919,945 1,661,736 453,446 (466,499)
Restricted Revenue Fund
Committed Emergency Reserve 178,750 0 0 (178,750)
Unassigned Fund Balance 0 35,240 8,050 8,050
Conservation Trust Fund
Unassigned Fund Balance 0 13,858 10,733 10,733
Capital Equipment Replacement Fund
Unassigned Fund Balance 0 248,300 103,194 103,194
Capital Asset Fund
Committed Reserve 0 0 0 0
Unassigned Fund Balance 0 521,043 371,043 371,043
Cozens Ranch Open Space Fund
Unassigned Fund Balance 0 213,021 24,400 24,400
Debt Service Fund
Committed Reserves 0 35,932 38,580 38,580
Unassigned Fund Balance 0 1,773 2,773 2,773
Water Fund
Committed Reserve 1,000,000 500,000 500,000 (500,000)
Strategic Reserve 1,000,000 155,525 163,225 (836,775)
Unassigned Reserve 212,770 863,281 2,306 (210,464)
Wastewater Fund
Committed Reserve 2,000,000 2,101,000 2,101,000 101,000
Strategic Reserve 1,000,000 1,255,000 1,255,000 255,000
Unassigned Reserve 451,091 1,389,001 474,163 23,072
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 8
Budget Basis
The 20 20 budget is prepared in accordance with the laws of the State of Colorado and
has been prepared using the Modified Accrual basis of accounting. Under this method, the
focus is on current financial resource measurement whereby revenues are recognized
when they become both measurable and available (except for unmarred interest on long -
term debt which is recognized when due). Measurable means the amount of the transaction
that can be determined and available means collectible within the current period or soon
enough thereafter to be used to pay liabilities of the current period.
The budgets for the enterprise funds are prepared using the accrual basis of accounting,
meaning that revenues and expenses are recognized when they are earned or incurred.
Thank you on behalf of the community!
Mayor Vandernail and the Board of Trustees, as well as staff, appreciate the time,
effort, and consideration invested by so many in this important process .
Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
Page 9
Supplemental Lease/Purchase Information
(Required by C.R.S. 29-1-103 (d) (II))
Capital Equipment Replacement Fund
Bobcat Skid Steer Loader
Year Purchase Price Principal Interest
2020 $37,086.47 $13,751.62 $1,653.26
2021 $23,334.85 $14,507.09 $ 897.79
2022 $ 8,827.76 $ 8,827.76 $ 158.42
Bobcat Toolcat
Year Purchase Price Principal Interest
2020 $37,523.50 $12,885.80 $2,037.52
2021 $24,637.70 $13,739.28 $1,184.04
2022 $10,898.42 $10,898.42 $ 294.07
2017 Dodge Ram 5500
Year Purchase Price Principal Interest
2020 $39,706.46 $12,608.87 $1,841.63
2021 $27,094.59 $13,225.44 $1,325.06
2022 $13,872.15 $13,872.16 $ 678.34
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
GENERAL FUND
REVENUE
TAXES
10-31-100 General Fund Property Tax 192,843 250,000 250,000 252,650 253,000 325,000
10-31-200 Specific Ownership Tax 13,763 11,500 11,500 15,925 16,200 12,000
10-31-300 Motor Vehicle Tax 4,564 4,250 4,250 2,032 2,500 4,500
10-31-400 Town Sales Tax 2,555,731 2,450,000 2,450,000 2,275,630 2,750,000 2,750,000
10-31-410 Use Tax - Building Materials 376,707 100,000 100,000 352,433 360,000 100,000
10-31-420 Use Tax - Motor Vehicle Sales 125,091 65,000 65,000 101,642 105,000 65,000
10-31-430 State Cigarette Tax 5,040 3,200 3,200 3,637 4,500 3,200
10-31-800 Franchise Fees 63,357 55,000 55,000 37,946 45,000 55,000
Sub-Total 3,337,097 2,938,950 2,938,950 3,041,895 3,536,200 3,314,700
LICENSES & PERMITS
10-32-100 Business License Fees 16,840 15,000 15,000 18,200 18,200 15,000
10-32-110 Regulated Industry Fees/Taxes 154,501 120,000 120,000 139,216 160,000 120,000
Sub-Total 171,341 135,000 135,000 157,416 178,200 135,000
INTERGOVERNMENTAL
10-33-100 Grants 298,815 1,000,000 1,000,000 295,487 1,000,000 300,000
Sub-Total 298,815 1,000,000 1,000,000 295,487 1,000,000 300,000
CHARGES FOR SERVICES
10-34-100 Annexation Fees 2,950 1,000 1,000 0 0 1,000
10-34-110 Zoning Fees 4,250 1,500 1,500 2,075 2,100 1,500
10-34-120 Subdivision Fees 34,070 1,500 1,500 15,270 15,500 1,500
10-34-130 Miscellaneous Planning Fees 50 1,000 1,000 120 150 1,000
10-34-150 Affordable Housing Impact Fee 0 0 0 0 0 0
10-34-300 PAYT 22,025 125,000 125,000 32,607 35,000 35,000
10-34-740 Fees in Lieu of Park Land 0 0 0 0 0 0
10-34-750 WTHP Revenue 0 0 0 0 0 0
Sub-Total 63,345 130,000 130,000 50,072 52,750 40,000
FINES & FORFEITURES
10-35-100 Court Fines 0 0 0 0 0 0
10-35-200 Police Dept. Sur-Charge 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
MISCELLANEOUS REVENUE
10-36-100 Interest Earnings 83,575 40,000 40,000 81,125 85,000 50,000
10-36-300 Rental Income 10,670 15,500 15,500 9,105 11,000 15,500
10-36-500 Sale of General Fixed Assets 0 0 0 0 0 0
10-36-600 Community Housing 16,527 15,000 15,000 14,659 15,000 15,000
10-36-610 Reimbursable - Prof Services 56,248 50,000 50,000 217,905 240,000 50,000
10-36-620 Reimbursable - Night Shuttle 0 0 0 0 0 0
10-36-630 Disposable Bag Fees 0 0 0 12,771 14,000 10,000
10-36-900 Miscellaneous Revenue 24,661 30,000 30,000 80,378 81,000 30,500
Sub-Total 191,681 150,500 150,500 415,942 446,000 171,000
SPECIAL ASSESSMENTS
10-37-100 Byers Vista SID 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
OTHER SOURCES AND TRANSFERS
10-39-100 Bond Proceeds 0 0 0 0 0 0
10-39-900 Transfers in from Other Funds 25,000 0 0 0 0 0
10-39-920 Transfer in from GF Reserves 0 0 0 0 0 6,379
10-39-940 Transfer in from WF Reserves 0 0 0 0 0 0
10-39-960 Transfer in from WWF Reserves 0 0 0 0 0 0
10-39-999 Unassigned Fund Balance 2,916,877 2,627,498 2,627,498 3,038,365 3,038,365 1,661,736
Sub-Total 2,941,877 2,627,498 2,627,498 3,038,365 3,038,365 1,668,115
GENERAL FUND "NEW" REVENUES 4,062,279 4,354,450 4,354,450 3,960,813 5,213,150 3,960,700
GENERAL FUND TOTAL REVENUE 7,004,156 6,981,948 6,981,948 6,999,177 8,251,515 5,628,815
0
EXPENDITURES
Page 1
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
TOWN BOARD
10-41-110 Salaries 23,090 50,000 50,000 16,530 30,000 30,000
10-41-220 FICA Tax 1,767 3,825 3,825 1,265 3,000 3,825
10-41-280 Training Programs 1,342 6,000 6,000 1,036 6,000 6,000
10-41-290 Travel, Meals and Lodging 2,873 5,500 5,500 2,794 5,000 5,500
10-41-295 Meals and Entertainment 7,880 10,000 10,000 5,780 10,000 10,000
10-41-690 Miscellaneous Expense 7,494 10,500 10,500 20,111 20,500 10,500
10-41-860 Grants and Aid to Agencies 27,355 30,000 30,000 1,500 15,000 5,000
10-41-861 Intergovernmental Agreements 42,098 14,500 14,500 51,679 52,000 5,000
10-41-862 Fraser/Winter Park Police Dept 518,480 600,000 600,000 517,649 600,000 635,000
10-41-863 Street Lighting and Signals 16,527 22,500 22,500 12,704 20,000 22,750
10-41-864 Special Events 14,650 10,000 10,000 13,698 14,000 15,000
10-41-865 Grand County Dispatch 0 0 0 0 0 0
10-41-866 Wood Stove Rebates 0 0 0 0 0 0
10-41-867 Chamber of Commerce - IGA 0 0 0 0 0 0
10-41-868 Winter Shuttle - IGA 0 0 0 0 0 0
10-41-869 Summer Shuttle - IGA 0 0 0 0 0 0
10-41-870 Business Dist StreetScape 0 5,000 5,000 4,500 5,000 5,000
10-41-871 Business Enhancement Programs 56,246 57,500 57,500 16,598 57,500 82,500
10-41-872 Sustainability 16,843 10,000 10,000 15,063 18,000 15,000
10-41-873 Recycle Facility 267,910 100,000 100,000 51,954 50,000 50,000
10-41-874 Community Housing 0 500,000 500,000 5,135 5,135 500,000
10-41-875 Marketing 1,559 20,000 20,000 23,432 24,000 25,000
10-41-880 Center for Creative Arts 41,870 15,000 15,000 29,000 29,000 0
Sub-Total 1,047,986 1,470,325 1,470,325 790,427 964,135 1,426,075
ADMINISTRATION
10-45-110 Salaries 325,821 350,000 350,000 301,188 350,000 365,000
10-45-210 Health Insurance 70,318 83,000 83,000 62,627 83,000 85,000
10-45-220 FICA Tax 23,316 27,000 27,000 21,383 27,000 28,000
10-45-230 Retirement 11,034 21,000 21,000 14,045 21,000 20,000
10-45-250 Unemployment Tax 984 1,050 1,050 909 1,000 1,094
10-45-260 Workers Comp Claims 0 0 0 0 0 0
10-45-280 Training Programs 8,024 6,000 6,000 7,704 8,000 8,000
10-45-290 Travel, Meals and Lodging 12,076 7,000 7,000 14,523 15,000 10,000
10-45-295 Meals and Entertainment 13,852 4,000 4,000 5,611 6,000 6,000
10-45-305 Municipal Court Judge 0 0 0 0 0 0
10-45-310 Legal Fees 52,615 80,000 80,000 43,578 45,000 50,000
10-45-320 Audit Fees 17,141 16,500 16,500 17,604 17,604 18,200
10-45-330 Engineering Fees 10,088 3,500 3,500 3,580 3,500 3,500
10-45-360 Computers-Networks and Support 46,137 90,000 90,000 41,332 90,000 90,000
10-45-370 Other Professional Services 93,182 50,000 50,000 44,667 50,000 50,000
10-45-375 Reimbursable Prof Services 65,929 50,000 50,000 40,207 50,000 50,000
10-45-380 Janitorial Services 10,862 15,606 15,606 9,203 15,606 15,918
10-45-385 Treasurer's Fees 3,596 7,500 7,500 5,053 7,500 7,725
10-45-390 Abatement Fees 0 0 0 0 0 0
10-45-395 Recording Fees 2,394 1,500 1,500 2,000 1,500 1,500
10-45-410 Bank Charges 4,048 1,200 1,200 5,924 6,000 1,200
10-45-420 Elections 1,143 5,000 5,000 0 5,000 5,000
10-45-430 Insurance - All Departments 53,715 65,000 65,000 117,480 65,000 75,000
10-45-440 Advertising 7,382 2,500 2,500 2,676 5,000 2,500
10-45-490 Professional Memberships 8,631 14,500 14,500 9,214 14,500 8,500
10-45-500 Operating Supplies 10,987 14,700 14,700 8,889 14,700 15,435
10-45-510 Equipment Purchase and Repair 759 28,665 28,665 417 10,000 10,000
10-45-550 Postage 2,668 2,500 2,500 1,320 2,500 2,500
10-45-560 Utilities -Telephone 6,664 8,585 8,585 6,067 8,585 8,671
10-45-561 Utilities - Natural Gas 3,023 6,200 6,200 2,485 6,200 6,400
10-45-562 Utilities - Electricity 10,507 6,200 6,200 6,076 6,200 6,400
10-45-569 Utilities - Trash Removal 1,289 2,500 2,500 0 2,500 2,500
10-45-670 Prop Mgmt - 107 Eisenhower Dr 17,544 20,000 20,000 10,121 15,000 25,000
10-45-671 Prop Mgmt - 105 Fraser Ave 38 500 500 42 500 500
Page 2
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
10-45-672 Prop Mgmt - 0 0 0 0 0 0
10-45-673 Prop Mgmt - 153 Fraser Ave 29,410 55,000 55,000 28,037 35,000 60,000
10-45-674 Prop Mgmt - 200 Eisenhower Dr 169 500 500 321 500 500
10-45-675 Prop Mgmt - 216 Eisenhower Dr 0 0 0 0 0 0
10-45-676 Prop Mgmt - 400 Doc Susie Ave 5,619 500 500 0 0 0
10-45-690 Miscellaneous Expense 10,204 12,000 12,000 20,277 20,500 12,000
10-45-695 Bad Debt Write-Off 600 0 0 40 40 0
10-45-730 Capital Projects 0 0 0 0 0 0
10-45-740 Capital Purchases 0 0 0 0 0 0
10-45-810 Lease/Purchase - Principal 0 0 0 0 0 0
10-45-820 Lease/Purchase - Interest 0 0 0 0 0 0
Sub-Total 941,769 1,059,706 1,059,706 854,600 1,009,435 1,052,043
PUBLIC WORKS
10-60-110 Salaries 457,519 555,000 555,000 513,051 555,000 735,000
10-60-210 Health Insurance 121,671 175,000 175,000 135,611 175,000 201,000
10-60-220 FICA Tax 32,366 44,000 44,000 35,664 44,000 57,000
10-60-230 Retirement 11,442 33,300 33,300 17,657 33,300 33,000
10-60-250 Unemployment Tax 1,384 1,665 1,665 1,549 1,665 2,200
10-60-260 Workers Comp Claims 0 0 0 0 0 0
10-60-280 Training Programs 2,407 2,500 2,500 2,835 2,500 2,500
10-60-290 Travel, Meals and Lodging 173 2,500 2,500 1,864 2,500 2,500
10-60-295 Meals and Entertainment 1,456 1,500 1,500 1,330 1,500 1,500
10-60-330 Engineering Fees 142,225 30,000 30,000 55,371 60,000 30,000
10-60-360 Computer Network Support 18,475 31,500 31,500 24,377 31,500 33,075
10-60-370 Other Professional Services 11,269 110,000 110,000 11,932 30,000 90,000
10-60-380 Janitorial Services 0 0 0 0 0 0
10-60-470 Contract Grounds Maintenance 0 0 0 0 0 0
10-60-475 Contract Snow Removal 0 0 0 0 0 0
10-60-480 Equipment Rental 1,616 2,500 2,500 3,054 3,200 2,500
10-60-490 Professional Memberships 830 1,000 1,000 1,258 1,300 1,000
10-60-500 Operating Supplies 95,900 88,000 88,000 84,575 88,000 90,000
10-60-506 Plants/Planter Supplies 19,874 30,000 30,000 43,012 45,000 120,000
10-60-510 Equipment Purchase and Repair 79,029 55,000 55,000 82,885 83,000 55,000
10-60-560 Utilities - Telephone 4,023 3,060 3,060 3,654 4,000 3,121
10-60-561 Utilities - Natural Gas 4,458 6,500 6,500 3,659 6,500 7,000
10-60-562 Utilities - Electricity 2,004 3,250 3,250 982 3,250 3,500
10-60-569 Utilities - Trash Removal 2,605 3,060 3,060 0 0 0
10-60-670 Prop Mgmt - 125 Fraser Ave 8,886 60,000 60,000 59,671 60,000 60,000
10-60-671 Prop Mgmt - Clayton Ct Parcel 0 0 0 0 0 0
10-60-672 Prop Mgmt - Elk Crk Wetlands 0 0 0 0 0 0
10-60-673 Prop Mgmt - Fraser River Trail 1,557 10,000 10,000 28,741 30,000 10,000
10-60-674 Prop Mgmt - Hwy 40 Pedestrian 5 6,000 6,000 129 6,000 6,000
10-60-675 Prop Mgmt - Koppers Park 30 1,500 1,500 8 1,500 1,500
10-60-676 Prop Mgmt - Old SchlHouse Pk 1,409 1,000 1,000 6,624 7,000 5,000
10-60-677 Prop Mgmt - Planning Area 28 200 0 0 0 0 0
10-60-678 Prop Mgmt - OutdoorActivityCtr 241 0 0 858 804 0
10-60-679 Prop Mgmt - School Bus Garage 4,448 7,500 7,500 3,869 5,000 5,000
10-60-680 Prop Mgmt - Gardner Shed 0 0 0 0 0 0
10-60-681 Prop Mgmt - Cozens Ranch Park 137,778 40,000 40,000 5,101 10,000 15,000
10-60-682 Prop Mgmt - Amtrak Station 0 0 0 463 0 0
10-60-683 Prop Mgmt - Ptarmigan OS 0 0 0 0 0 0
10-60-684 Prop Mgmt - FRODO 90 15,000 15,000 0 0 5,000
10-60-685 Prop Mgmt - Mtn Man Park 0 5,000 5,000 1,600 5,000 500
10-60-686 Goranson Station 13 500 500 0 500 500
10-60-687 Prop Mgmt - 6 W 7,480 5,000 5,000 0 5,000 5,000
10-60-690 Miscellaneous Expense 13,515 3,400 3,400 10,255 10,500 8,000
10-60-695 Fraser Mustang 0 0 0 0 0 0
10-60-725 Street Improvements 115,903 325,000 325,000 123,495 325,000 0
10-60-730 Capital Projects 221,098 1,200,000 1,200,000 831,559 1,200,000 0
10-60-740 Art In Public Places 22,713 75,000 75,000 48,010 50,000 60,000
Page 3
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
Sub-Total 1,546,089 2,934,235 2,934,235 2,144,702 2,887,519 1,651,396
Outdoor Activity Center
10-65-110 Salaries 0 0 0 0 0 0
10-65-210 Health Insurance 0 0 0 0 0 0
10-65-220 FICA Tax 0 0 0 0 0 0
10-65-230 Retirement 0 0 0 0 0 0
10-65-250 Unemployment Tax 0 0 0 0 0 0
10-65-260 Workers Comp Claims 0 0 0 0 0 0
10-65-280 Training Programs 0 0 0 0 0 0
10-65-290 Travel, Meals and Lodging 0 0 0 0 0 0
10-65-295 Meals and Entertainment 0 0 0 0 0 0
10-65-370 Other Professional Services 30 0 0 30 0 0
10-65-380 Janitorial Services 4,817 6,242 6,242 4,912 6,242 6,367
10-65-490 Professional Memberships 0 0 0 0 0 0
10-65-500 Operating Supplies 35 0 0 26 0 0
10-65-510 Equipment Purchase and Repair 0 0 0 0 0 0
10-65-560 Utilities - Telephone 0 0 0 0 0 0
10-65-561 Utilities - Natural Gas 1,086 1,224 1,224 904 1,224 1,236
10-65-562 Utilities - Electricity 1,064 1,224 1,224 847 1,224 1,236
10-65-665 WTHP Expenses 0 0 0 0 0 0
10-65-670 Prop Mgmt - 120 Zerex 1,558 10,000 10,000 758 10,000 5,000
10-65-690 Miscellaneous Expense 0 0 0 0 0 0
10-65-730 Capital Projects 0 0 0 0 0 0
10-65-740 Capital Purchases 0 0 0 0 0 0
Sub-Total 8,590 18,691 18,691 7,477 18,690 13,840
TRANSFERS
10-90-920 Transfer to CERF - Police Dept 60,000 60,000 60,000 60,000 60,000 60,000
10-90-925 Transfer to RRF 10,000 0 0 0 0 0
10-90-930 Transfer to CERF - PublicWorks 50,000 50,000 50,000 50,000 50,000 50,000
10-90-935 Transfer to CAF 300,000 0 0 250,000 250,000 550,000
10-90-940 Transfer to Debt Service Fund 0 0 0 0 0 0
10-90-950 Transfer to Water Fund 0 0 0 0 0 0
10-90-960 Transfer to CROS 0 250,000 250,000 250,000 250,000 326,379
10-90-970 Transfer to Committed Reserves 0 0 0 0 0 45,636
10-90-980 Transfer to Strategic Reserves 0 1,100,000 1,100,000 1,100,000 1,100,000 0
10-90-995 Salaries Clearing 0 0 0 0 0 0
10-90-996 FICA Tax Clearing 0 0 0 0 0 0
10-90-997 Unemployment Tax Clearing 0 0 0 0 0 0
Sub-Total 420,000 1,460,000 1,460,000 1,710,000 1,710,000 1,032,015
FISCAL AGENT
10-95-110 Salaries 777 0 0 (20)0 0
10-95-210 Health Insurance 366 0 0 (4,173)0 0
10-95-220 FICA Tax 39 0 0 (14)0 0
10-95-230 Retirement 31 0 0 71 0 0
10-95-250 Unemployment Tax 25 0 0 (1)0 0
10-95-260 Workers Comp Claims 0 0 0 0 0 0
10-95-690 Misc. Payroll Expense 120 0 0 (120)0 0
Sub-Total 1,358 0 0 (4,256)0 0
GENERAL FUND EXPENDITURE TOTALS 3,965,792 6,942,957 6,942,957 5,502,951 6,589,779 5,175,369
GENERAL FUND REVENUE TOTALS 7,004,156 6,981,948 6,981,948 6,999,177 8,251,515 5,628,815
GENERAL FUND NEW REVENUE TOTALS 4,062,279 4,354,450 4,354,450 3,960,813 5,213,150 3,960,700
GENERAL FUND EXPENDITURE TOTALS 3,965,792 6,942,957 6,942,957 5,502,951 6,589,779 5,175,369
GENERAL FUND REVENUE OVER EXPENDITURES 3,038,365 38,991 38,991 1,496,226 1,661,736 453,446
Page 4
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
GENERAL FUND EXPENDITURE OVER NEW REVENUES 96,488 (2,588,507)(2,588,507)(1,542,138)(1,376,629)(1,214,669)
GF Restricted Reserves - Tabor Emergency Reserve 110,000 110,000 110,000 110,000 110,000 155,636
GF Restricted Reserves - Affordable Housing Reserve 135,426 0 0 135,426 135,426 135,426
GF Restricted Reserves - Fees in Lieu of P&OS Reserve 6,379 6,379 6,379 6,379 6,379 0
GF Committed Emergency Reserve 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
GF Strategic Reserve 1,100,000 1,100,000 1,100,000 1,100,000 1,100,000
GF Unassigned Fund Balance 38,991 38,991 1,661,736 453,446
RESTRICTED REVENUE FUND
REVENUE
TAXES
12-31-100 Restricted 1% GF Sales Tax 638,933 612,500 612,500 568,908 687,500 687,500
12-31-800 Interest Income 1,500 306 306 599 1,000 309
Sub-Total 640,432 612,806 612,806 569,506 688,500 687,809
INTERGOVERNMENTAL
12-33-100 Grants & Aid to Agencies 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
OTHER SOURCES AND TRANSFERS
12-36-900 Transfer In from Other Funds 10,000 0 0 0 0 0
12-39-999 Unassigned Fund Balance 189,362 26,600 26,600 (3,260)(3,260)35,240
Sub-Total 199,362 26,600 26,600 (3,260)(3,260)35,240
RESTRICTED REV FUND "NEW" REVENUES 650,432 612,806 612,806 569,506 688,500 687,809
RESTRICTED REV FUND TOTAL REVENUE 839,795 639,406 639,406 566,247 685,240 723,050
EXPENDITURES
12-40-610 Transportation O&M 706,495 625,000 625,000 445,055 650,000 660,000
12-40-615 Transportation - Capital Exp 0 0 0 0 0 0
12-40-710 Trails O&M 0 0 0 0 0 20,000
12-40-715 Trails - Capital Expenditures 1,220 0 0 0 0 35,000
12-40-810 Capital Projects 0 0 0 0 0 0
12-40-900 Transfer to Trans O&M Reserve 0 0 0 0 0 0
12-40-915 Transfer to Trans Cap Reserve 0 0 0 0 0 0
12-40-920 Transfer to Trails O&M Reserve 0 0 0 0 0 0
12-40-925 Transfer to Trails Cap Reserve 0 0 0 0 0 0
12-40-930 Transfer to Cap Proj Reserve 0 0 0 0 0 0
12-40-940 Transfer to Other Funds 0 0 0 0 0 0
Sub-Total 707,715 625,000 625,000 445,055 650,000 715,000
RESTRICTED REV FUND REVENUES 839,795 639,406 639,406 566,247 685,240 723,050
RESTRICTED REV FUND EXPENDITURES 707,715 625,000 625,000 445,055 650,000 715,000
RESTRICTED REV FUND REVENUES OVER EXPENDITURES 132,080 14,406 14,406 121,191 35,240 8,050
RRF - Committed Emergency Reserve 0 0 0 0 0
CONSERVATION TRUST FUND
REVENUE
20-30-100 Cons Trust (Lottery) Proceeds 6,273 6,700 6,700 5,777 7,377 6,800
20-30-800 Interest Earnings 413 75 75 175 200 75
20-30-999 Unassigned Fund Balance 24,596 6,596 6,596 6,281 6,281 13,858
Sub-Total 31,281 13,371 13,371 12,234 13,858 20,733
EXPENDITURES
Page 5
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
20-40-410 Bank Charges 0 0 0 0 0 0
20-40-650 Cons Trust Program Expenses 0 0 0 0 0 0
20-40-910 Transfer to General Fund 25,000 0 0 0 0 0
20-40-920 Transfer to Other Funds 0 0 0 0 0 10,000
Sub-Total 25,000 0 0 0 0 10,000
CTF REVENUES OVER EXPENDITURES (Unassigned Bal YE)6,281 13,371 13,371 12,234 13,858 10,733
CAPITAL EQUIP REPLACEMENT FUND
REVENUES
30-30-100 Hwy Use Tax Proceeds 60,258 46,925 46,925 54,155 64,000 47,394
30-30-500 Sale of CERF Assets 0 0 0 0 0 0
30-30-800 Interest Earnings 8,396 2,500 2,500 8,834 10,000 2,500
30-30-900 Transfer from G/F - PoliceDept 60,000 60,000 60,000 60,000 60,000 60,000
30-30-910 Transfer from G/F - PublicWork 50,000 50,000 50,000 50,000 50,000 50,000
30-30-920 Transfer from Utility Funds 20,000 20,000 20,000 20,000 20,000 60,000
30-30-999 Unassigned Fund Balance 382,012 464,012 464,012 475,600 475,600 248,300
Sub-Total 580,666 643,437 643,437 668,589 679,600 468,194
EXPENDITURES
30-40-745 Public Safety Fleet Purchase 53,280 60,000 60,000 0 60,000 60,000
30-40-750 Regular Fleet Purchase 17,250 0 0 48,220 48,300 0
30-40-755 Heavy Equipment Purchase 9,836 215,000 215,000 121,809 215,000 200,000
30-40-810 Lease/Purchase - Principal 22,682 50,000 50,000 94,470 100,000 100,000
30-40-820 Lease/Purchase - Interest 2,018 5,000 5,000 6,972 8,000 5,000
30-40-910 Transfer to General Fund 0 0 0 0 0 0
Sub-Total 105,066 330,000 330,000 271,471 431,300 365,000
CERF REVENUES OVER EXPENDITURES (Unassigned Bal YE)475,600 313,437 313,437 397,118 248,300 103,194
CAPITAL ASSET FUND
REVENUE
32-30-100 Reserved for Future Use 0 1,112,432 1,112,432 947,132 1,253,627 300,000
32-30-500 Sale of Capital Assets 0 0 0 0 0 0
32-30-800 Interest Earnings (1,358)0 0 (1,968)(1,800)0
32-30-910 Transfer in from General Fund 300,000 250,000 250,000 250,000 250,000 550,000
32-30-940 Transfer in from DSF 0 0 0 0 0 0
32-30-950 Transfer in from Water Fund 0 0 0 0 0 0
32-30-999 Unassigned Fund Balance 206,146 369,146 369,146 379,216 379,216 521,043
Sub-Total 504,788 1,731,578 1,731,578 1,574,379 1,881,043 1,371,043
EXPENDITURES
32-40-810 Capital Proj- Streets Existing 125,573 1,500,000 1,500,000 1,287,937 1,360,000 1,000,000
32-40-815 Capital Proj - Streets New 0 0 0 0 0 0
32-40-820 Capital Proj - Buildings Exist 0 0 0 0 0 0
32-40-825 Capital Proj - Buildings New 0 0 0 0 0 0
32-40-830 Capital Proj - Parks/OS Exist 0 0 0 0 0 0
32-40-835 Capital Proj - Parks/OS New 0 0 0 0 0 0
32-40-900 Transfer to General Fund 0 0 0 0 0 0
32-40-910 Transfer to CAF Res - Streets 0 0 0 0 0 0
32-40-920 Transfer to CAF Res - Bldgs 0 0 0 0 0 0
32-40-930 Transfer to CAF Res - Parks/OS 0 0 0 0 0 0
Sub-Total 125,573 1,500,000 1,500,000 1,287,937 1,360,000 1,000,000
CAF REVENUES OVER EXPENDITURES 379,216 231,578 231,578 286,442 521,043 371,043
Page 6
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
CAF - Committed Reserves 0 0 0 0
COZENS RANCH OPEN SPACE (CROS) FUND
REVENUE
35-30-100 Grants and Awards 0 0 0 0 0 735,000
35-30-110 In-Kind Services 0 0 0 0 0 0
35-30-120 Miscellaneous Revenue 0 0 0 0 0 0
35-30-130 Interest Income 0 0 0 1,083 1,200 0
35-30-910 Transfer in from General Fund 0 250,000 250,000 250,000 250,000 326,379
35-30-920 Transfer in from CTF 0 0 0 0 0 10,000
35-30-999 Carryover Balance 0 0 0 0 0 213,021
Sub-Total 0 250,000 250,000 251,083 251,200 1,284,400
EXPENDITURES
35-40-300 Design 0 0 0 34,516 35,000 0
35-40-310 Amphitheater 0 31,250 31,250 0 0 0
35-40-315 Bike Park 0 31,250 31,250 0 0 0
35-40-320 Landscape 0 31,250 31,250 3,179 3,179 60,000
35-40-325 Parking 0 31,250 31,250 0 0 0
35-40-330 Playground 0 31,250 31,250 0 0 600,000
35-40-335 Restrooms 0 31,250 31,250 0 0 600,000
35-40-340 Trails 0 31,250 31,250 0 0 0
35-40-345 Utilities 0 31,250 31,250 0 0 0
35-40-900 Transfer to General Fund 0 0 0 0 0 0
Sub-Total 0 250,000 250,000 37,695 38,179 1,260,000
CROS FUND REVENUES 0 250,000 250,000 251,083 251,200 1,284,400
CROS FUND EXPENDITURES 0 250,000 250,000 37,695 38,179 1,260,000
CROS FUND REVENUES OVER EXPENDITURES 0 0 0 213,388 213,021 24,400
DEBT SERVICE FUND
REVENUE
40-30-100 Property Tax 0 0 0 0 0 0
40-30-200 Specific Ownership Tax 0 0 0 0 0 0
40-30-500 Bond Proceeds 0 0 0 0 0 0
40-30-800 Interest Earnings 700 0 0 693 1,000 1,000
40-30-910 Transfer in from General Fund 0 0 0 0 0 0
40-30-990 Transfer in from DSF Reserves 0 0 0 0 0 0
40-30-999 Carryover Balance 73 35,540 35,540 773 773 1,773
Sub-Total 773 35,540 35,540 1,466 1,773 2,773
EXPENDITURES
40-40-385 Treasurer's Fees GO Bond 0 0 0 0 0 0
40-40-390 Abatements - GO Bond 0 0 0 0 0 0
40-40-500 Cost of Issuance 0 0 0 0 0 0
40-40-550 Underwriters Discount 0 0 0 0 0 0
40-40-810 Bond Principal - 02 S&U Issue 0 0 0 0 0 0
40-40-811 Bond Principal - 98 GO Issue 0 0 0 0 0 0
40-40-812 Bond Principal - 98 S&U Issue 0 0 0 0 0 0
40-40-820 Bond Interest - 02 S&U Issue 0 0 0 0 0 0
40-40-821 Bond Interest - 98 GO Issue 0 0 0 0 0 0
40-40-822 Bond Interest - 98 S&U Issue 0 0 0 0 0 0
40-40-850 Bond Agent Fees 0 0 0 0 0 0
40-40-910 Transfer to DSF Reserves 0 0 0 0 0 0
Page 7
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
40-40-920 Transfer to Other Funds 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
DEBT SERVICE REVENUES 773 35,540 35,540 1,466 1,773 2,773
DEBT SERVICE EXPENDITURES 0 0 0 0 0 0
DEBT SERVICE REVENUES OVER EXPENDITURES 773 35,540 35,540 1,466 1,773 2,773
Debt Service Fund Restricted Reserves 0 0 0 0 0 0
Debt Service Fund Committed Reserves 34,466 35,540 35,540 35,932 35,932 38,580
WATER FUND
REVENUES
TAXES
50-31-100 Property Tax 0 0 0 0 0 0
50-31-200 Fraser Firming Revenue 56 0 0 0 0 0
Sub-Total 56 0 0 0 0 0
LICENSES & PERMITS
50-32-100 Excavation Permit Fees 1,925 275 275 1,650 1,650 275
Sub-Total 1,925 275 275 1,650 1,650 275
CHARGES FOR SERVICES
50-34-100 Customer Service Charges 951,891 958,442 958,442 769,196 985,000 1,025,000
50-34-150 Penalties & Interest 2,749 1,000 1,000 2,719 3,500 1,000
50-34-200 Plant Investment Fees 38,500 15,400 15,400 84,700 84,700 7,700
50-34-300 Water Meter Sales 71,873 70,000 70,000 53,709 60,000 50,000
Sub-Total 1,065,014 1,044,842 1,044,842 910,324 1,133,200 1,083,700
MISCELLANEOUS REVENUE
50-36-100 Interest Earnings 32,974 6,000 6,000 30,524 35,000 6,000
50-36-900 Miscellaneous Revenue 10,936 2,500 2,500 2,895 3,000 2,500
Sub-Total 43,910 8,500 8,500 33,419 38,000 8,500
OTHER SOURCES & TRANSFERS
50-39-100 Debt Service Proceeds 0 0 0 0 0 0
50-39-200 Grants and Aid from Agencies 0 0 0 0 0 0
50-39-910 Transfers In 0 0 0 0 0 0
50-39-999 Unassigned Fund Balance 1,276,201 617,909 617,909 1,007,036 1,007,036 863,281
Sub-Total 1,276,201 617,909 617,909 1,007,036 1,007,036 863,281
New Revenues 1,110,905 1,053,617 1,053,617 945,393 1,172,850 1,092,475
Total Revenue with Carryover 2,387,106 1,671,526 1,671,526 1,952,429 2,179,886 1,955,756
EXPENDITURES
50-40-110 Salaries 218,011 260,000 260,000 242,775 260,000 300,000
50-40-210 Health Insurance 48,897 68,000 68,000 55,050 68,000 75,000
50-40-220 FICA Tax 15,625 20,000 20,000 17,323 20,000 23,000
50-40-230 Retirement 7,432 15,000 15,000 12,091 15,000 15,000
50-40-250 Unemployment Tax 649 780 780 729 780 1,000
50-40-260 Workers Comp Claims 0 0 0 0 0 0
50-40-280 Training Programs 1,585 3,000 3,000 5,880 6,000 3,500
50-40-290 Travel, Meals and Lodging 467 3,000 3,000 223 1,000 3,500
50-40-295 Meals and Entertainment 63 2,000 2,000 538 1,000 2,000
50-40-300 Administrative Reimbursement 0 0 0 0 0 0
50-40-310 Legal Fees 62,091 95,000 95,000 89,161 95,000 65,000
50-40-330 Engineering Fees 61,744 85,000 85,000 109,682 120,000 80,000
50-40-360 Computers-Networks and Support 8,715 7,000 7,000 12,936 15,000 7,000
Page 8
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
50-40-370 Other Professional Services 9,323 25,000 25,000 3,893 5,000 60,000
50-40-385 Treasurer's Fees 0 0 0 0 0 0
50-40-390 Abatements 0 0 0 0 0 0
50-40-410 Bank Charges 0 0 0 0 0 0
50-40-430 Insurance 13,328 22,000 22,000 0 22,000 27,000
50-40-440 Advertising 125 500 500 0 500 500
50-40-460 System Repair and Maint - Prod 10,891 61,200 61,200 3,639 10,000 160,000
50-40-465 System Repair and Maint - Dist 259,853 40,000 40,000 13,584 20,000 265,000
50-40-490 Professional Memberships 5,317 9,500 9,500 4,922 7,000 9,500
50-40-500 Operating Supplies-Production 11,280 20,000 20,000 12,471 20,000 25,000
50-40-505 Operating Supplies-Distrib 94,641 75,000 75,000 44,095 55,000 80,000
50-40-510 Equipment Purchase and Repair 15,069 30,000 30,000 30,868 30,000 30,000
50-40-520 Testing 3,146 5,000 5,000 2,755 5,000 10,000
50-40-550 Postage & Billing Supplies 1,935 2,500 2,500 1,051 2,500 3,000
50-40-560 Utilities - Telephone 5,027 4,750 4,750 7,752 9,000 4,750
50-40-562 Utilities - Electricity 44,433 45,000 45,000 33,238 40,000 50,000
50-40-670 Prop Mgmt - Fraser WTP 162 4,000 4,000 128 2,000 60,000
50-40-680 Prop Mgmt - Maryvale WTP 1,707 4,000 4,000 247 2,000 8,000
50-40-685 Prop Mgmt - St. Louis Headgate 0 0 0 0 0 0
50-40-690 Miscellaneous Expense 582 2,000 2,000 2,164 2,300 3,000
50-40-695 Bad Debt Write Off 0 0 0 0 0 0
50-40-715 Water Rights - Diversion & Dev 32,470 25,000 25,000 12,647 17,000 45,000
50-40-730 Capital Projects 20,180 650,000 650,000 297,740 300,000 500,000
50-40-740 Capital Purchases 0 0 0 0 0 0
50-40-760 Fraser Firming - CapProj 1 0 0 0 0 0
50-40-770 PIF - Capital Purchases 0 0 0 0 0 0
50-40-780 Capitalized Assets - Audit 0 0 0 0 0 0
50-40-790 Depreciation 415,323 0 0 0 0 0
50-40-810 Debt Service - Principal 0 0 0 0 0 0
50-40-820 Debt Service - Interest 0 0 0 0 0 0
50-40-850 Debt Service - Agent Fees 0 0 0 0 0 0
50-40-910 Transfer to General Fund 0 0 0 0 0 0
50-40-930 Transfer to CERF 10,000 10,000 10,000 10,000 10,000 30,000
50-40-970 Transfer to Reserves 0 0 0 0 0 0
50-40-980 Transfer to Strategic Reserves 0 70,825 70,825 70,825 155,525 7,700
50-40-990 Transfer to Wastewater Fund 0 0 0 0 0 0
Sub-Total 1,380,070 1,665,055 1,665,055 1,098,405 1,316,605 1,953,450
WATER FUND REVENUES 2,387,106 1,671,526 1,671,526 1,952,429 2,179,886 1,955,756
WATER FUND EXPENDITURES 1,380,070 1,665,055 1,665,055 1,098,405 1,316,605 1,953,450
WATER FUND REVENUES OVER EXPENDITURES 1,007,036 6,471 6,471 854,024 863,281 2,306
Water Fund Committed Reserve 500,000 500,000 500,000 500,000 500,000 500,000
Water Fund Strategic Reserve 70,825 70,825 70,825 155,525 163,225
Water Fund Unassigned Reserve 6,471 6,471 6,471 863,281 2,306
WASTEWATER FUND
REVENUES
TAXES 0 0 0 0 0 0
Property Tax 0 0 0 0 0 0
Specific Ownership Tax 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
LICENSES & PERMITS
55-32-100 Excavation Permit Fees 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
CHARGES FOR SERVICES
Page 9
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
55-34-100 Customer Service Charges 780,972 861,113 861,113 617,635 860,000 895,000
55-34-150 Penalties & Interest 2,534 1,000 1,000 2,508 3,100 1,000
55-34-200 Plant Investment Fees 607,500 375,000 375,000 405,000 405,000 300,000
55-34-999 Contributed Assets 0 0 0 0 0 0
Sub-Total 1,391,007 1,237,113 1,237,113 1,025,143 1,268,100 1,196,000
MISCELLANEOUS REVENUE
55-36-100 Interest Earnings 115,167 18,500 18,500 115,117 125,000 18,500
55-36-500 JFF Management Fee 29,000 29,000 29,000 21,750 29,000 29,000
55-36-900 Miscellaneous Revenue 0 0 0 0 0 0
Sub-Total 144,167 47,500 47,500 136,867 154,000 47,500
OTHER SOURCES & TRANSFERS
55-39-100 Debt Service Proceeds 0 0 0 0 0 0
55-39-200 Grants and Aid from Agencies 0 0 0 0 0 0
55-39-910 Transfer in from General Fund 0 0 0 0 0 0
55-39-920 Transfer in from WWF Committed Res JFF Plant Rqmts 0 0 0 0 0 200,000
55-39-999 Unassigned Fund Balance 2,683,719 3,452,627 3,452,627 3,171,266 3,171,266 1,389,001
Sub-Total 2,683,719 3,452,627 3,452,627 3,171,266 3,171,266 1,589,001
new revenues 1,535,173 1,284,613 1,284,613 1,162,010 1,422,100 1,243,500
total revenues with carryover 4,218,892 4,737,240 4,737,240 4,333,276 4,593,366 2,832,501
EXPENDITURES
55-40-110 Salaries 220,129 270,000 270,000 245,448 270,000 310,000
55-40-210 Health Insurance 49,239 70,000 70,000 55,175 70,000 77,000
55-40-220 FICA Tax 15,823 20,655 20,655 17,571 20,655 25,000
55-40-230 Retirement 7,435 16,200 16,200 12,104 16,200 17,000
55-40-250 Unemployment Tax 656 810 810 738 810 1,000
55-40-260 Workers Comp Claims 0 0 0 0 0 0
55-40-280 Training Programs 120 2,500 2,500 85 2,500 3,000
55-40-290 Travel, Meals and Lodging 308 2,500 2,500 0 2,500 3,000
55-40-295 Meals and Entertainment 137 2,000 2,000 0 2,000 2,000
55-40-310 Legal Fees 0 5,000 5,000 0 5,000 5,000
55-40-330 Engineering Fees 2,561 30,000 30,000 0 5,000 80,000
55-40-360 Computers-Networks and Support 6,120 7,000 7,000 10,668 12,000 7,000
55-40-370 Other Professional Services 5,066 10,000 10,000 3,893 6,000 15,000
55-40-410 Bank Charges 0 100 100 0 100 100
55-40-430 Insurance 8,785 7,000 7,000 0 10,000 7,000
55-40-440 Advertising 0 500 500 0 500 500
55-40-460 System Repair and Maint-Collec 71,518 150,000 150,000 66,586 75,000 150,000
55-40-490 Professional Memberships 4,957 6,000 6,000 5,051 6,000 6,000
55-40-500 Operating Supplies-Collections 0 5,000 5,000 0 5,000 5,500
55-40-510 Equipment Purchase and Repair 0 5,500 5,500 170 5,500 50,000
55-40-520 Testing 0 1,000 1,000 0 1,000 1,000
55-40-550 Postage & Billing Supplies 1,935 2,500 2,500 994 2,500 2,500
55-40-560 Utilities - Telephone 2,194 2,000 2,000 2,426 2,000 2,000
55-40-650 WW Treatment Charges/JFOC 208,170 260,000 260,000 174,210 260,000 273,704
55-40-660 JFF CapRepl Reserve 0 2,095,305 2,095,305 1,022,100 1,022,100 982,034
55-40-670 JFF O&M Reserve 0 0 0 0 0 0
55-40-690 Miscellaneous Expense 582 2,000 2,000 814 2,000 3,000
55-40-695 Bad Debt Write Off 0 0 0 0 0 0
55-40-730 Capital Projects 0 250,000 250,000 69,893 85,000 250,000
55-40-740 Capital Purchases 0 0 0 0 0 0
55-40-760 PIF - Capital Projects 0 0 0 0 0 0
55-40-770 PIF - Capital Purchases 0 0 0 0 0 0
55-40-780 Capitalized Assets - Audit 0 0 0 0 0 0
55-40-790 Depreciation 431,893 0 0 0 0 0
Page 10
TOWN OF FRASER 11/30/2019
11/25/2019 2018 2019 2019 2019 2019 2020
Actuals Budget Budget Year to Date YEE Budget
55-40-810 Debt Service - Principal 0 0 0 0 0 0
55-40-820 Debt Service - Interest 0 0 0 0 0 0
55-40-850 Debt Service - Agent Fees 0 0 0 0 0 0
55-40-910 Transfer to General Fund 0 0 0 0 0 0
55-40-930 Transfer to CERF 10,000 10,000 10,000 10,000 10,000 30,000
55-40-970 Transfer to Reserves 0 50,000 50,000 50,000 50,000 50,000
55-40-980 Transfer to Strategic Reserves 0 1,000,000 1,000,000 1,000,000 1,255,000 0
55-40-990 Transfer to Water Fund 0 0 0 0 0 0
Sub-Total 1,047,626 4,283,570 4,283,570 2,747,925 3,204,365 2,358,338
WASTEWATER FUND REVENUES 4,218,892 4,737,240 4,737,240 4,333,276 4,593,366 2,832,501
WASTEWATER FUND EXPENDITURES 1,047,626 4,283,570 4,283,570 2,747,925 3,204,365 2,358,338
WASTEWATER FUND REVENUES OVER EXPENDITURES 3,171,266 453,670 453,670 1,585,351 1,389,001 474,163
WWF Committed Emergency Reserves 2,051,000 500,000 2,101,000 2,101,000 2,101,000 2,101,000
WWF Strategic Reserves 1,000,000 1,000,000 1,000,000 1,255,000 1,255,000
Wastewater Fund Unassigned Fund Balance 3,171,266 453,670 453,670 1,585,351 1,389,001 474,163
TOTALS
Total New Revenues 6,666,219 6,826,782 5,926,124 7,757,249 7,359,483
Total Expenditures 6,911,841 14,136,582 9,681,438 11,880,228 11,795,142
Total Unassigned Fund Balance 3,683,334 780,656 2,214,310 4,685,094 1,336,179
Total Reserves 4,319,153 6,250,551 6,468,914 6,661,421 6,562,794
Page 11
11/30/2019
JOINT FACILITIES FUND - O&M 2018 2019 2019 2019 2020
Actual Budget Year to Date YEE Budget
REVENUE
40-30-100 Interest - O&M Accounts 0 350 216 300 400
40-30-200 O&M Reimbursement - WPR 201,021 249,140 156,929 249,140 254,242
40-30-205 Capital Reimbursement - WPR 0 0 0 0 0
40-30-210 O&M Reimbursement - GC#1 317,953 393,568 251,892 393,568 408,470
40-30-215 Capital Reimbursement - GC#1 0 0 0 0 0
40-30-220 O&M Reimbursement - TOF 208,170 259,972 167,740 259,972 272,001
40-30-225 Capital Reimbursement - TOF 0 0 0 0 0
40-30-230 Study Reimbursement - WP 0 0 0 0 0
40-30-235 Study Reimbursement - Granby 0 0 0 0 0
40-30-500 Sale of General Fixed Assets 0 0 0 0 0
40-30-800 Interest - Cap Res Accounts 0 0 0 0 0
40-30-900 Miscellaneous Revenue 0 0 3,681 4,000 0
Sub-Total 727,144 903,030 580,459 906,980 935,113
OTHER SOURCES AND TRANSFERS
40-30-930 Transfer In From Cap Project 0 0 0 0 0
40-30-980 Capitalized Reimbursements 0 0 0 0 0
40-30-999 Carryover Balance 208,259 202,688 208,259 208,259 203,038
Sub-Total 208,259 202,688 208,259 208,259 203,038
2018 2019 2019 2019 2020
PLANT EXPENDITURES Actual Budget Year to Date YEE Budget
40-85-110 Salaries 195,118 240,000 183,608 210,000 254,000
40-85-210 Health Insurance 45,679 73,000 45,900 73,000 81,760
40-85-220 FICA Tax 13,540 18,360 12,651 18,360 19,431
40-85-230 Retirement 7,805 14,400 7,848 14,400 10,160
40-85-250 Unemployment Tax 588 720 553 720 762
40-85-260 Workers Comp Claims 0 0 0 0 0
40-85-280 Training Programs 560 2,500 165 2,500 3,000
40-85-290 Travel - Meals and Lodging 1,058 2,500 106 2,500 3,000
40-85-295 Meals - Local Business 108 250 72 250 500
40-85-310 Legal Fees 10,041 10,000 0 10,000 10,000
40-85-320 Audit Fee 5,714 6,000 5,868 6,000 6,000
40-85-330 Engineering Fees 0 10,000 3,931 10,000 10,000
40-85-340 Financial Services 0 0 0 0 0
40-85-350 Sludge Removal 59,725 70,000 61,455 70,000 70,000
40-85-370 Professional Services 3,656 10,000 3,666 10,000 10,000
40-85-375 Reimbursable Prof Services 0 0 0 0 0
40-85-410 Bank Charges 0 0 0 0 0
40-85-430 Insurance - Plant 33,251 36,500 6,006 36,500 40,000
40-85-440 Advertising 0 500 707 800 500
40-85-460 Plant Maintenance and Repair 15,274 50,000 17,965 50,000 55,000
40-85-475 Grounds Maintenance 81 1,000 476 1,000 2,500
40-85-480 Equipment Rental 7 500 0 500 500
40-85-490 Professional Memberships 0 600 0 600 600
40-85-500 Operating Supplies 4,455 10,000 4,627 10,000 10,000
40-85-506 Operating Supplies - Chemicals 32,974 50,000 32,251 50,000 50,000
40-85-510 Equipment Purchase and Repair 21,790 20,000 20,379 20,000 20,000
40-85-520 Testing 59,855 55,000 50,217 55,000 55,000
40-85-525 Permits 0 0 0 0 0
40-85-550 Postage 40 0 0 0 0
40-85-560 Utilities - Telephone 3,530 5,600 3,278 4,000 5,000
40-85-562 Utilities - Electricity 192,444 200,000 148,551 200,000 200,000
40-85-565 Utilities - Natural Gas 2,618 3,000 1,845 3,000 3,500
40-85-567 Utilities - Plant Generator 0 500 1,335 1,500 500
40-85-569 Utilities - Trash Removal 2,422 2,750 2,274 2,750 3,000
Page 1
40-85-650 Vehicle Expenses 10,439 7,500 4,561 7,500 8,000
40-85-690 Miscellaneous Expense 3,588 1,500 687 1,500 2,000
40-85-730 Capital Projects 782 0 0 0 0
40-85-740 Capital Purchases 0 0 0 0 0
40-85-750 Contingency 0 0 0 0 0
40-85-810 Lease/Purchase - Principal 0 0 0 0 0
40-85-820 Lease/Purchase - Interest 0 0 0 0 0
40-85-930 Capital Reserve Projects 0 0 0 0 0
Sub-Total 727,144 902,680 620,983 872,380 934,713
Joint Facilities Fund Revenues 935,403 1,105,718 788,718 1,115,239 1,138,151
Joint Facilities Fund Expenditures 727,144 902,680 620,983 872,380 934,713
Joint Facilities Fund Revenues over Expenditure 208,259 203,038 167,735 242,859 203,438
Joint Facilities Fund O&M Reserve Reduction/Refund
GC#1 Budget Total - O&M Reimb. and Mgmt Fees *332,453 408,068 266,392 408,068 422,970
WPR Budget Total - O&M Reimb. and Mgmt Fees *215,521 263,640 171,429 263,640 268,742
TOF Budget Total - O&M Reimb. 208,170 259,972 167,740 259,972 272,001
* Mgmt Fee Billed/Entity Annually 14,500 14,500 14,500 14,500 14,500
2018 2019 2019 2019 2020
Actual Budget Year to Date YEE Budget
JOINT FACILITIES FUND - CRR
REVENUES
47-30-100 Interest Income - CRR Accounts 0 15,000 50,302 55,000 15,000
47-30-110 Interest Income - CIP Accounts 0 0 0 0 0
47-30-210 CRR Reimbursable - WPR 0 1,776,735 390,015 866,700 832,725
47-30-215 CIP Reimbursable - WPR 0 0 0 0 0
47-30-220 CRR Reimbursable - GC#1 0 2,277,960 500,040 1,111,200 1,067,641
47-30-225 #NUM!0 0 0 0 0
47-30-230 CRR Reimbursable - TOF 0 2,095,305 459,945 1,022,100 982,034
47-30-235 CIP Reimbursable - TOF 0 0 0 0 0
47-30-240 #NUM!0 0 4,041,600 4,041,600 0
47-30-800 Sale of JFOC Fixed Assets 0 0 0 0 0
47-30-900 Miscellaneous Revenue 0 0 34,358 35,000 0
47-30-990 CRR Carryover Balance 1,500,000 1,500,000 1,500,000 1,500,000 3,311,600
47-30-999 CIP Carryover Balance 0 0 0 0 0
Sub-total 1,500,000 7,665,000 6,976,259 8,631,600 6,209,000
EXPENDITURES
Capital Replacement Reserve Projects (existing)
47-60-370 Engineering, Legal and Other Prof. Services 0 0 19,272 20,000 20,000
47-60-730 CRR Projects 0 0 0 0 0
Capital Improvement Projects (new)
47-65-370 Engineering, Legal and Other Prof. Services 0 550,000 283,529 300,000 300,000
47-65-730 CIP Projects 0 5,600,000 2,251,878 5,000,000 4,804,000
Capital Purchases
47-69-740 Capital Purchases 0 0 0 0 130,000
Sub-total 0 6,150,000 2,554,679 5,320,000 5,254,000
Joint Facilites Fund CRR Revenues 1,500,000 7,665,000 6,976,259 8,631,600 6,209,000
Joint Facilites Fund CRR Expenditures 0 6,150,000 2,554,679 5,320,000 5,254,000
Joint Facilites Fund CRR Revenues over Expenditures 1,500,000 1,515,000 4,421,580 3,311,600 955,000
Page 2
!
!"#$"#" %&' ( $)#$
**+%, #$"##$ " !- ! .".
.( # ( !$ ( ."#" .&' ( $ ( #$/& #)
0" #"#)/ " " $" " " 1(1& "#(
#$( 2#$"# "( ! .".$" ' .&' ( $
1 #( && " & ( #&.# ( "( /& #)0"
)".( ) #$" )()##!1 1&#(3!- 4#
.(##$)( #.&' (1"#( )#$" 4 " #(1
" 3#( #2#$"# "( ! .".$" ' " (## #
#$5 (# #"# "( " ".( (1" & #$
.3( ( )#$1#)"1$67"
" # #$)" #$"# "( ! .".( "!-
! .". & 8&" ()( ).&' ( $( " #(1 "
" 3#( # !(#$( #$ " ( )#$ "! )#$#"#
)/ " 9
" ! # "!
$"##$" 4 " #(1" 3#( #!"
.&' ( $ ( #$& "" #(( &)3 & '
) "( !- ! .".)#$.( )6( #( 2
" #$"##$)( #.&' (1"#( ) "( #(1!" ( #$( &
) "( ! .". "# :;:;" #$"##$ " #
.&' (1"#( ) "( #(1!" "# ::;( #$
( &) "( ! .".9
!(# !$)$"3$& # # $" #$( "
::;9
&' 1(' " ! #') " #".&' (1( "
)#$/& #)0" #"#)/ " #$( "
::;9
%&' ( $
<( ( " #"%&' (1
&& #6;;/ ( ( 4.( =
TOWN OF FRASER
RESOLUTION NO. 2019-12-08
SUMMARIZING REVENUES AND EXPENDITURES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE FISCAL YEAR 2020
WHEREAS, The Board of Trustees of the Town of Fraser has appointed the Town Manager
to prepare and submit a proposed budget to said governing body at the proper time;
and
WHEREAS, the Town Manager has submitted a proposed budget to said governing body
for its consideration; and
WHEREAS, upon due notice published in accordance with Colorado Statutes, the budget
was available at the Fraser Town Hall and public hearings were held on Nov. 6; Nov. 20,
December 4, 2019 giving interested taxpayers the opportunity to file or register any objections to
said budget; and
WHEREAS, the proposed budget remains in balance, as required by law.
NOW THEREFORE, BE IT RESOLVED by the Board of Trustees of The Town of Fraser,
Colorado that:
SECTION 1. Revenues for each fund are set as follows:
General Fund 5,628,815
Restricted Revenue Fund 723,050
Conservation Trust Fund 20,733
Capital Equipment Replacement Fund 468,194
Capital Asset Fund 1,371,043
CROS Fund (a Special Revenue Fund) 1,284,400
Debt Service Fund 2,773
Water Fund 1,955,756
Wastewater Fund 2,832,501
Joint Facilities Fund -O&M 1,138,151
Joint Facilities Fund -CRR 6,209,000
SECTION 2. Expenditures for each fund are estimated as follows:
General Fund 5,175,369
Restricted Revenue Fund 715,000
Conservation Trust Fund 10,000
Capital Equipment Replacement Fund 365,000
Capital Asset Fund 1,000,000
CROS Fund (a Special Revenue Fund) 1,260,000
Debt Service Fund 0
Water Fund 1,953,450
Wastewater Fund 2,358,338
Joint Facilities Fund -O&M 934,713
Joint Facilities Fund -CRR 5,254,000
SECTION 3. Any and all year-end fund balances shall be considered an Unassigned
Fund Balance increase and therefore part of the 2019 fiscal year spending, within the
meaning of article X, section 20(2)(e) of the Colorado Constitution.
The Budget,as submitted,and herein above submitted by fund,hereby is adopted and
approved as the Budget for the Town of Fraser for the fiscal year 2020.
Said Budget is hereby approved and made part of the public records of the Town.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: __BOARD OF TRUSTEES OF THE
Votes opposed: __TOWN OFF FRASER, COLORADO
Abstained: __
BY: __________________________
Mayor
ATTEST: ______________________
Town Clerk
(SEAL)
TOWN OF FRASER
RESOLUTION NO. 2019-12-09
LEVYING PROPERTY TAXES TO HELP DEFRAY THE COSTS OF GOVERNMENT
FOR FRASER, COLORADO, FOR THE BUDGET YEAR 2020
WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual budget
in accordance with all Local Government Laws, on December 4, 2019; and
WHEREAS, the 2019 final valuation for Fraser, as certified by the County Assessor on
November 28, 2018, is $56,921,450.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of Fraser,
Colorado that:
SECTION 1. For the purpose of meeting all general operation expenses of the Town
during the 2020 Budget year, there is hereby levied a tax of 5.886 mills upon each and
every dollar of valuation for assessment of all properties within the Town of Fraser for
the year 2020. Based upon the August 15, 2019 final assessed valuation certification as
provided by the County Assessor, this would result in an amount of
$335,040.
SECTION 2. The Town Clerk is hereby authorized and directed to immediately certify
to the County Commissioners of the County of Grand, the mill levies for the Town of
Fraser as herein above described and fixed.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-10
APPROPRIATING SUMS OF MONEY TO VARIOUS FUNDS AND SPENDING AGENCIES, IN
THE AMOUNT AND FOR THE PURPOSE AS SET FORTH BELOW, FOR THE TOWN OF
FRASER, COLORADO FOR THE BUDGET YEAR 2020
WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual budget
in accordance with Colorado' s Revised Statutes on December 4, 2019;
WHEREAS, the Board of Trustees has made provisions therein for the revenues in an
equal amount or greater than the total expenditures as set forth in said budget; and
WHEREAS, it is not only required by law, but necessary to appropriate the revenues
provided in the budget to and for the purposes described below, so as not to impair the
operations of the Town of Fraser, Colorado.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of
Fraser, Colorado that:
SECTION 1. The following sums of money are appropriated from the revenues provided
of each fund, for the purposes stated:
General Fund 5,175,369
Restricted Revenue Fund 715,000
Conservation Trust Fund 10,000
Capital Equipment Replacement Fund 365,000
Capital Asset Fund 1,000,000
CROS Fund (a Special Revenue Fund) 1,260,000
Debt Service Fund 0
Water Fund 1,953,450
Wastewater Fund 2,358,338
Joint Facilities Fund -O&M 934,713
Joint Facilities Fund -CRR 5,254,000
SECTION 2. Any and all year-end fund balances shall be considered an Unassigned
Fund Balance increase and therefore part of the 2020 fiscal year spending, within the
meaning of article X, section 20(2)(e) of the Colorado Constitution.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: __ BOARD OF TRUSTEES OF THE
Votes opposed: __TOWN OF FRASER, COLORADO
Absent: __
Abstained: __BY:_______________________
Mayor
(SEAL) ATTEST:
__________________________
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-11
APPROVING 2020 LAW ENFORCEMENT BUDGET
WHEREAS, the Towns of Fraser and Winter Park established a joint Fraser/Winter Park
Police Department by intergovernmental agreement as amended on September 20, 2006; and
WHEREAS, The Police Chief has submitted a proposed budget to said governing body for
its consideration; and
WHEREAS, the proposed budget remains in balance, as required by law; and
WHEREAS, Fraser shall pay its apportioned share of the annual budget on a monthly basis
to Winter Park.
WHEREAS, Winter Park shall provide Fraser with an accounting of all expenditures for
the prior year no later than March 1st. Winter Park shall provide Actual expenditures versus
budgeted expenditures shall be reconciled by adjusting Fraser’s monthly payments for the
remainder of that year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FRASER, COLORADO THAT:
1. The attached 2020 budget for the Fraser/WP Police Department is approved.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___ BOARD OF TRUSTEES OF THE
Votes opposed: ___ TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2019-12-12
APPROVING 2020 BUILDING DEPARTMENT BUDGET
WHEREAS, the Towns of Fraser and Winter Park established a joint Winter Park/Fraser
Building Department by intergovernmental agreement on December 20, 2006; and
WHEREAS, The Building Department has submitted a proposed budget to said governing
body for its consideration; and
WHEREAS, the proposed budget remains in balance, as required by law; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FRASER, COLORADO THAT:
1. The attached 2020 budget for the Winter Park/Fraser Building Department is
approved.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___ BOARD OF TRUSTEES OF THE
Votes opposed: ___ TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
Fund Summary
2018
Actual
2019
Budget
2019
Estimate
2020
Budget
2021
Estimate
2022
Estimate
Revenue:
Taxes -$ -$ -$ -$ -$ -$
Intergovernmental - - - - - -
Licenses & Permits 787,438 603,200 750,000 650,000 650,000 650,000
User Charges/Fees - - - - - -
Fines & Forfeits - - - - - -
Investment Earnings - - 6,000 3,000 3,660 4,429
Debt & Financing - - - - - -
Other Revenue - - - - - -
Transfer In - - - - - -
Total Revenue 787,438$ 603,200$ 756,000$ 653,000$ 653,660$ 654,429$
Expenditures:
Salaries/Wages 210,268$ 208,517$ 208,517$ 206,479$ 212,631$ 218,967$
Benefits 71,693 68,064 68,064 74,167 75,988 77,819
Purchased Services 36,731 73,598 73,598 80,380 82,641 84,893
Supplies/Non-Capital Equipment 24,920 11,609 11,609 8,929 16,088 13,252
Capital Outlay - - - - 50,000 -
Other 245 1,500 1,500 1,465 1,500 1,500
Contingency - - - - - -
Transfer Out 28,700 - - - - -
Total Expenditures 372,556$ 363,288$ 363,288$ 371,420$ 438,849$ 396,432$
Annual Gain/(Loss)414,883$ 239,912$ 392,712$ 281,580$ 214,811$ 257,997$
Cumulative Balance
Beginning Fund Balance (111,242)$ -$ 303,641$ 696,353$ 977,933$ 1,192,743$
Change In Fund Balance 414,883 239,912 392,712$ 281,580$ 214,811 257,997
Ending Fund Balance 303,641$ 239,912$ 696,353$ 977,933$ 1,192,743$ 1,450,740$
Less Reserves/Designations:
3% TABOR Reserve - - - - - -
Operating Reserve - - - - - -
Other Reserves/Designations - - - - - -
Unreserved Fund Balance 303,641$ 239,912$ 696,353$ 977,933$ 1,192,743$ 1,450,740$
BUILDING SERVICES FUND SUMMARY
1 | P a g e
Town of Fraser, Colorado
Financial Policies
The Town of Fraser, a statutory Colorado community operating under a Mayor-Manager form of
government, has adopted the following financial policies that allow the governing body to view
its present approach to financial management from an overall, long-range vantage point.
Under the Mayor-Manager form of government the elected governing body is responsible for the
legislative function of the municipality; such as establishing policy, passing local ordinances and
resolutions, approving appropriations, and developing an overall community vision. These
financial policies help to frame resource allocation decisions and establish objectives,
standards, and internal controls for the Funds of the Town.
Financial policies provide for the continuity of service delivery, help to improve the Town’s fiscal
stability, and prepare the Town for any potential financial emergencies. Many authorities provide
direction in regards to the Town’s financial policies including, the Federal Government, the State
of Colorado and its Constitution and the Fraser Town’s Code. All these authorities provide for
the basic legal requirements and timelines for these policies.
Section 1 - Financial Management Overview
The following financial policies adopted by the Fraser Town Board on December 4th, 2019
establish the framework for the Town’s overall fiscal planning and management. It is the intent
of the Town that these policies demonstrate to residents, the credit rating industry, municipal
bond investors, auditors, and the State that the Town is committed to sound financial
management and fiscal integrity. The goals of the Town’s financial policies are:
To support sustainable municipal services.
To have a capital improvement program that adequately maintains and enhances the
public’s assets over their useful life.
To provide cost effective services to citizens and visitors.
To provide financial and other service information to enable citizens to assess the costs
and efficiency of Town services.
To follow prudent and professional financial management practices to assure residents
of the Town of Fraser and the financial community that our Town government is well
managed and in sound fiscal condition.
Section 2 - General Financial Policy
I. Fund Accounting
The Town uses Fund accounting protocols and procedures as outlined by the Generally
Accepted Accounting Principles (GAAP) and following the pronouncements of the
Governmental Accounting Standards Board (GASB).
A fund is a separate, self-balancing set of accounts used to account for resources that are
segregated for specific purposes in accordance with special regulations, restrictions or
limitations. The separation of the Town’s activities into funds allows the Town to maintain the
2 | P a g e
appropriate (required) controls over expenditures for each activity and to report on specific
activities to interested citizens.
Fund Types: All funds are classified into six (6) fund types. These fund types, and the purpose
of each are:
a. General Fund - To account for the required administrative functions of municipal
governance, police protection, public works, parks-open space and trails, community
development, street infrastructure, other capital asset operations and preservation, and snow
management functions of the Town.
Principal sources of revenue for the Town’s General Fund (GF) consists of: property taxes,
sales, use and excise taxes. Secondary revenues are derived from franchise fees, licenses and
permits, grants, charges for services, intergovernmental revenue, interest earnings, and
operating transfers from other funds.
Major expenditures within the Town’s General Fund are for personnel costs, materials and
supplies, purchased services, capital outlay and transfers to other funds.
b. Special Revenue Funds - To account for and report the proceeds of specific revenue
sources that are restricted or committed to expenditures for specified purposes other than debt
service or capital projects.
The Town at this time operates four Special Revenue Funds:
The Conservation Trust Fund (CTF) is funded by the State’s net lottery proceeds and interest
earnings. Fund balance within the CTF is generally leveraged with grant dollars and donations
for new park, open space and trail investments. CTF funds are highly regulated and no
expenditures are allowed for ongoing maintenance costs related to any project.
The Capital Equipment Replacement Fund (CERF) is funded by State Highway User Trust Fund
proceeds along with interest earnings and GF transfers. The CERF is utilized to track
expenditures for our public safety fleet, and our public work’s heavy equipment, regular
equipment and fleet purchases.
The Cozens Ranch Open Space Fund (CROS) is used for capital projects in our open space
that includes inter-governmental and grant funds to provide accountability and transparency with
our funding partners.
c. Capital Project Funds - To account for and report financial resources that are restricted,
committed, or assigned to expenditures for capital outlays, including the acquisition or
construction and preservation of capital facilities and other capital assets.
The Capital Asset Fund (CAF) is used to provide resources for current and future General Fund
capital assets, i.e. streets, bridges, buildings, trails, parks and open space. Currently the CAF is
funded by inter-fund transfers, grants and partnerships on a project specific basis. On-going
operating revenues need to be identified and dedicated along with reserve accumulations for
current and future assets.
d. Debt Service Fund - To account for and report financial resources that are restricted,
committed, or assigned to expenditures for principal and interest on any bonded indebtedness.
3 | P a g e
The Town’s Debt Service Fund (DSF) tracks and allocates resources for the payments of its
long term bonded indebtedness. The Fund has both Restricted Reserves and Committed
Reserves.
e. Enterprise Funds (also called Business or Proprietary Funds) - To account for operations
that are financed and operated in a manner similar to private business enterprises. The intent of
the governing body is that the costs (expenses including depreciation) of providing goods or
services to the general public on a continuing basis be financed or recovered primarily through
user fees covering all expenses incurred, and/or net income as appropriate for capital
maintenance, public policy, management control, accountability, or other purposes.
The Town’s Water Fund (WF) accounts for the water production and distribution systems and its
Wastewater Fund (WWF) accounts for the wastewater collections system. Capital projects are
budgeted for both enterprises within each fund.
f. Fiduciary Funds - To account for resources received and held by the Town in a fiduciary
capacity (Trust). Disbursements from these funds are made in accordance with the Trust or
other agreements or conditions of the Trust for the particular source of funds. The Town
currently has no fiduciary funds in operation for the Town.
As managers of the Upper Fraser Valley Wastewater Treatment Plant, the Town operates the
Joint Facilities Funds (JFF) as a fiduciary fund to account for the operations and maintenance of
the facility along with any capital expenditures related to the plant. Operation and maintenance
(O&M) expenditures are refunded to the Fund based upon the current member utilization of
treatment capacity. Capital Replacement Reserve Projects (CRR) and Capital Improvement
Projects (CIP) at the facility are funded at the member plant ownership percentages.
II. Accounting and Auditing Policies
The Town maintains a system for financial monitoring, control and reporting for all operations,
funds and agencies in order to provide effective means to ensure that overall Town goals and
objectives are met and to instill confidence in the Town’s partners and investors that the Town is
well-managed and fiscally sound.
The Town maintains its accounting records and reports on its financial condition and results of
operations in accordance with Federal and State laws, regulations and Generally Accepted
Accounting Principles (GAAP), which are set by the Governmental Accounting Standards Board
(GASB) and the Financial Accounting Standards Board (FASB).
Annually, an independent firm of certified public accountants performs a financial and
compliance audit of the Town’s financial statements.
III. Basis of Accounting and Reporting Focus
The term “basis of accounting” refers to when revenues, expenditures - and the related assets
and liabilities – are recognized in the accounts and reported in the financial statements.
Specifically, it relates to the timing of the measurements made. The following are the basis of
accounting available for use by the Town:
a. Cash Basis – Transactions are recognized only when cash is received or disbursed.
4 | P a g e
b. Accrual Basis – Transactions are recognized when the economic event occurs, regardless
of whether or not cash is received or paid. Proprietary funds (Water and Wastewater Funds),
use the accrual basis of accounting. These funds have an income measurement/capital
maintenance focus. The accrual basis of accounting is used by private enterprises as well.
c. Modified Accrual Basis – Expenditure transactions are recognized when incurred.
Revenues are recognized when they are both measurable and available to finance the
expenditures of the current period. Governmental funds, including general, special revenue,
debt service, and capital projects, use the modified accrual basis of accounting. For a revenue
to be recognized in a governmental fund, it must be “measurable” (the amount must be known
or be reasonably estimated), and it must be “available” to finance the expenditures of the same
fiscal period for which the revenue is recorded. “Available,” in this case, means collectible in the
current period or soon enough thereafter to be used to pay liabilities of the current period. For
purposes of consistency, that time-frame shall be sixty (60) days which was set for purposes of
Property Tax revenues.
Reporting Focus (Budget vs. GAAP) - This concept is used to refer to the way transactions are
recorded and reported for compliance with Colorado Budget Law as opposed to financial
statement presentation in conformance with GAAP.
1. Budget Basis - The Town’s monthly statement of revenues and expenditures are
reported during the fiscal year on what is informally called a “budget basis.” The Town’s
transactions are recorded throughout the year in accordance with the financial statement
requirements as set forth within the Colorado Revised Statutes. By recording the
transactions in general compliance with this law, the revenues and expenditures can be
more easily monitored on a monthly basis to ensure compliance with the legal
requirements as set forth within the Colorado Revised Statutes.
2. GAAP - At the end of the fiscal year, adjustments are made to present the financial
information in a format that is comparable to that used by other local government units
around the country. The standards for this reporting are referred to as GAAP. The
adjustments to convert the Town’s financial records from “budget basis” to “GAAP basis”
are made to ensure that the Town’s financial statements are fairly and consistently
presented in conformance with GAAP.
IV. Internal Control Structure
The Town maintains an internal control structure consisting of the following three elements:
a. Control Environment – an overall attitude and awareness of actions as they influence the
Town.
b. Accounting System – an effective accounting system which results in identification and
recording of all valid transactions, description on a timely basis of the type of transaction in
sufficient detail to permit proper classification of the transaction for reporting purposes,
recording of the transaction in the correct time period and proper presentation of all transactions
and related disclosures in the financial statements.
c. Control Procedures – proper authorization of transactions and activities, adequate
segregation of duties, adequate documentation and records, adequate safeguards regarding
5 | P a g e
access and use of assets and records, and independent checks on performance. Funds are
categorized by standard GAAP functional classifications; and the development of new funds,
departments, programs and accounts shall be approved by the Finance Department. Each fund
in the Town’s budget will have an introductory statement of purpose which shall consist of the
intent of the fund; sources of revenue and restricted revenues, if any; required reserves and
justification for such reserves.
V. Financial Monitoring
The Town Manager is charged with the primary responsibility for monitoring the fiscal
implementation of the approved budget. In addition, the Town Manager and Finance Manager
will work closely with other departments to apprise them of their financial status and of any
potential issues that may affect their budgets. The Town Manager and the Finance Manager will
review fiscal issues affecting any part of the Town’s organization. This activity supports the
monitoring role and focuses on the protection of Town assets and the legal, efficient, and
effective use of Town resources. Together, the Town Manager and the Finance Manager will
provide the Town Board with regular reports on the Town’s finances including a financial report
containing budget versus actual revenue and expenditures information. Individual departments
are responsible for monitoring and managing their resources to ensure that the legal and
administrative appropriation to the department is not overspent and that all expenditures and
uses of Town resources are in conformity with Town, State, and Federal ordinances, statutes,
policies, and regulations.
1.Legal Appropriation - Each department is responsible for ensuring that expenditures
do not exceed the legal appropriation level for their department within each fund
(operating and capital expenditures combined).
2. Revenues - Each department is responsible for monitoring revenues that are collected
as a result of programs administered.
VI. Audit
Colorado statutes, along with Federal laws and regulations will be followed wherever they apply
to the financial activities of the Town.
The source of historical financial information will be located in the central accounting system as
operated and maintained by the Finance Department. The source of all current and future
budget information, including spending plans, revenues, and expenditures, is the annual budget
document.
a. Internal Audit - The Town’s Finance Department and Independent Auditors evaluate the
adequacy of financial controls, systems, records and organizational operations. They provide
the Town Board with management and employees objective analysis, appraisals and
recommendations for improving systems and activities.
b. External Audit - In accordance with Federal law and State statutes, an annual external audit
will be performed by an independent public accounting firm with the subsequent issuance of a
financial report and opinion.
c. Single Audit - Per the Federal Office of Management and Budget (OMB) Circular A-133, all
non-federal entities that expend $750,000 or more in a year with Federal awards, either as the
6 | P a g e
grantee or the sub-grantee, shall have a single or program-specific audit conducted for that year
in accordance with the provisions of the circular guidance. The single audit encompasses both
the entity’s financial statements and the federal awards received by the entity; whereas a
program-specific audit will audit one federal program and can only be used when the grantee
receives grant awards only from one federal program.
Section 3 - Budget Policy
I. Overview
The annual budget is an operational tool which provides the Town Board and Manager with the
financial information necessary to guide resource allocation to accomplish the goals and
objectives of the Town.
The budget, along with the annual appropriation including supplemental appropriations, provide
the basis for the control of expenditures and set the Town’s financial guidelines. Basic legal
requirements and budget processes are defined by the State and Town Code.
II. Budget Philosophy
The Town is committed to developing a sound financial plan for the operations and capital
improvements that meet the Town’s Comprehensive Plan goals. The Town provides a wide
variety of services to residents and visitors. It is the responsibility of the Town Board to adopt a
budget that provides resources to best meet the service needs for the overall good of the
community. To achieve this, the Town:
a. Utilizes conservative growth and revenue forecasts;
b. Prepares plans for operations and capital improvements;
c. Allows staff to manage the operating and capital budgets, with the Town Board approving the
allocations for both;
d. Adopts financial policies;
e. Establishes budgets for all funds based on adopted policies;
f. Appropriates the budget in accordance with the Town Code and State law;
g. Develops a budget that minimizes adverse impacts to the community and plans for the
uncertain and unpredictable by establishing and funding adequate reserves in each major fund.
III. Budget Preparation Process
The Town identifies important community outcomes and develops a financial and service
delivery plan to achieve those outcomes. The Town Board allocates funding based on current
priorities and results.
7 | P a g e
Each year, the Town Manager prepares a forecast for the following year’s budget. In July, the
Town Manager prepares a ten year budget projection with the Town Board’s budget objectives
and guidelines for developing the following year’s budget.
In July and August, departments develop revenue and expense projections for the following
year and submit them to the Town Manager. Not later than October 15th the Town Manager
submits a preliminary budget to the Town Board for review. In November, the citizens of Fraser
provide their feedback on the proposed budget when the Town Board holds its Budget Hearings
on the proposed budget.
By the first meeting in December, or earlier when possible, the Town Board adopts the budget
and commits appropriations by ordinance. By State statute, by December 31st the Town Board
must adopt the following year’s budget and no later than December 15th, property taxes must be
levied to the County for collection. Any revisions to the current year’s budget must be adopted
with the next year’s budget, if not earlier. Revisions shall be adopted on a per line item basis
versus any wholesale revised budget protocol, this allows for transparency to the community at
large.
IV. State Statutory Requirements
The State Statute indicates that no later than October 15 of each year, the budget shall be
submitted to the governing body. As a result, the Town Manager and Finance Manager present
the recommended budget for the ensuing fiscal year to Town Board no later than October 15th
of each year.
V. Town of Fraser’s Code Requirements
Budget Fiscal Year – Fraser Town Code Section; “The fiscal year of the Town shall commence
on the first day of January and end on the last day of December of each year.”
Section 4 - Debt Policy
I. Overview
The Town recognizes the primary purpose of “facilities” is to support the provision of services to
its residents. The Town must balance debt financing and "pay-as-you-go" methods to meet the
capital needs of the community. The Town realizes failure to meet the demands of growth may
inhibit its continued economic viability but also realizes too much debt has detrimental effects.
Historically, the Town’s total bonded indebtedness has been limited.
The Town uses lease purchase financing for several purposes including the acquisition of real
property and the replacement of equipment and vehicles. Lease purchases decrease the impact
of the cost to a department by spreading the costs over several years, and are subject to annual
appropriation by the Town Board.
II. Town of Fraser Code Requirements Debt Limitations
a. No bonds or other evidences of indebtedness, payable in whole or in part from the proceeds
of ad valorem property taxes or to which the full faith and credit of the Town are pledged in
8 | P a g e
writing or otherwise shall be issued, except in pursuance of an ordinance authorizing the same,
and unless the question of the issuance of the bonds shall at any special or general municipal
election be submitted to a vote of the qualified electors of the Town and approved by a majority
of those voting on the question. However, the Town Board pursuant to Town Code and without
election may:
Issue local improvement district bonds;
Borrow money or issue bonds for the purpose of acquiring, constructing, extending or
improving water, electric, gas, sewer, or other public utilities or income-producing
projects provided, further, that said borrowing shall be repaid and said bonds shall be
made payable solely out of the net revenue derived from the operation of the utility,
utilities, or other income-producing projects, or any or all thereof. Net revenue shall
mean gross revenue less all operation and maintenance expenses of the project for
which the money has been borrowed or bonds issued.
b. The Town shall not become indebted for any purpose or in any manner to an amount which,
including existing indebtedness, shall exceed 3% of the assessed valuation of the taxable
property within the Town as shown by the last preceding assessment for Town purposes
provided; however, that in determining the amount of indebtedness, there shall not be included
within the computation of indebtedness local improvement district bonds, revenue bonds, or
general obligation bonds or other evidences of indebtedness issued for the acquisition,
construction, extension, or improvement of water or wastewater facilities or supplies, or both.
III. Security and Exchange Commission (SEC) Rule 15c2-12 “Municipal
Securities Disclosure” Requirements
As a means reasonably designed to prevent fraudulent, deceptive, or manipulative acts or
practices, it shall be unlawful for any participating underwriter (broker, dealer, or municipal
securities dealer) to act as an underwriter in a primary offering of municipal securities with an
aggregate principal amount of $1 million or more unless the participating underwriter complies
with SEC Rule 15c2-12 requirements or is exempted from the provisions of the Rule.
The Town is committed to providing timely and consistent dissemination of financial information
with SEC regulatory requirements. It is imperative that disclosure be accomplished in a timely
fashion in accordance with SEC required SEC Rule 15c2-12 compliance and the Town’s
Disclosure Dissemination Agent Agreement (DDAA). This disclosure policy confirms the Town’s
commitment to fair disclosure. Its goal is to develop and maintain guidelines for presenting
related financial reports and events to interested third parties, financial institutions and the
general public. This policy covers all Town employees and elected officials of the Town of
Fraser. It covers disclosure documents filed with the SEC, statements made in the Town’s
Audited Financial Statements, and any unaudited interim reports.
Section 5 – Cash Management Policy
I. Scope
The Town recognizes that effective cash management is an integral component of sound
financial management.
9 | P a g e
II. Cash Deposits and Receipts
a. Departments collecting cash receipts, whether in cash or other forms of payment, must turn in
such receipts to the Finance Department on a daily basis together with records required to verify
accuracy of such collections.
b. Departments authorized to make deposits will promptly submit bank deposit receipts and
daily cash reports to the Finance Department to verify the accuracy of collections.
c. The Finance Department will set forth general cash handling procedures to be followed for all
Town departments. Departments may have more restrictive policies but will not have less
restrictive policies as set forth from the Finance Department.
Section 6 – Investments
I. Investment Policy
Existing State Statutes provide standards for cash and investment management operations. The
Town will invest in securities in a manner authorized by Colorado statutes.
The purpose of the Towns Investment Policy is to establish the investment scope, objectives,
delegation of authority, standards of prudence, reporting requirements, internal controls, eligible
investments and transactions, diversification requirements, risk tolerance, and safekeeping and
custodial procedures for the investment of the funds of the Town of Fraser.
Priorities for investment of Town funds are security and liquidity.
Section 7 – Fund Balance Policy
I. Overview
The Town’s Fund Balance is the accumulated difference between assets and liabilities within
governmental funds. A sufficient fund balance allows the Town to meet its contractual
obligations, provide funds for new and existing programs established by the Town Board,
mitigate negative revenue implications of federal or state budget actions, mitigate local
economic downturns, fund disaster or emergency costs, provide funds for cash flow timing
discrepancies and fund non-recurring expenses identified as necessary by the Town Board.
II. Governmental Fund Balance Type Definitions
The Governmental Accounting Standards Board (GASB) issued Statement Number 54, “Fund
Balance Reporting and Governmental Fund Type Definitions” effective for periods after June 15,
2010. The objective of this Statement was to enhance the usefulness of fund balance
information by providing clearer fund balance classifications that can be more consistently
applied and by clarifying the existing governmental fund type definitions. This Statement
establishes limitations on the purposes for which Fund Balance can be used.
a. Non-spendable Fund Balance – Some assets reported in governmental funds may be
inherently non-spendable from the vantage point of the current period.
10 | P a g e
- Assets that will never convert to cash such as; prepaid items or inventories,
- Assets that will not convert to cash soon enough to affect the current period such as;
non-financial assets held for resale,
- Resources that must be maintained intact pursuant to legal or contractual requirements
such as; capital of a revolving loan fund
b. Restricted Fund Balance – This represents the portion of fund balance that is subject to
externally enforceable legal restrictions. Such restrictions are typically imposed by parties
altogether outside the Town such as creditors, grantors, contributors or other governments.
Restrictions can also arise when the authorization to raise revenues is conditioned upon the
revenue being used for a particular purpose.
c. Committed Fund Balance – This represents the portion of fund balance whose use is
constrained by limitations that the Town imposes on itself by the Town Board (highest decision
making level) and remains binding unless removed in the same manner. The Town does not
use committed funds in its normal course of business.
- Requires action by the Town Board to commit fund balance
- Formal Town Board action is necessary to impose, remove or modify a constraint
reflected in the committed fund balance
d. Assigned Fund Balance – This describes the portion of fund balance that reflects the
Town’s intended use of resources. Representing the current years funded and approved budget
and or amended budget.
e. Unassigned Fund Balance – The residual portion of fund balance.
III. General Fund Unassigned Fund Balance
A priority goal of the Finance Manager is to improve the long-term fiscal health of the Town.
Revenue projections are conservative and authorized expenditures are closely monitored and
projected. In stable economic times, the combination of these two strategies leads to revenue
collections higher than actual expenditures.
Net revenue (actual revenue collections less actual expenditures) is available to first fund the
required restricted reserves the Town is legally obligated to meet, and then to the committed
reserves.
Year-end balances in the unassigned reserves may be used as a funding source in the next
budget year. The Town’s policy is to accumulate adequate committed reserves to protect the
Town during economic downturns, large scale emergencies, capital projects or opportunities.
The Government Finance Officers Association (GFOA) is a professional association of state and
local finance officers in the US and Canada whose members are dedicated to the sound
management of government financial resources. GFOA recommends that “governments
establish a formal policy on the level of unrestricted fund balance that should be maintained in
the General Fund.” The GFOA recommended, at a minimum, that general-purpose
11 | P a g e
governments, regardless of size, incorporate in its financial policies an unassigned fund balance
in their General Fund be no less than three months of regular general fund operating revenues
or regular General Fund operating expenditures.
The Town will maintain an unassigned fund balance (the balance of funds after all restrictions
and reserves have been assigned) equal or greater than four months of budgeted expenditures.
IV. Other Funds
a. Enterprise and some Special Revenue Funds - Reserves within the Water and Waste-
water Enterprise Funds provide for unexpected revenue losses or unanticipated expenditures
during the year, capital projects and future system enhancements and requirements. A portion
of these reserves may be appropriated as part of the annual budget and may be utilized at the
end of the fiscal year if necessary.
When unexpected repairs/enhancements or unfunded mandates require expenditures in either
enterprise the fund may issue debt if this is in the long range best interest of the fund.
b. Internal Services Funds - Internal Services Funds are expressly designed to function on a
cost reimbursement basis and should not accumulate a significant reserve. A small reserve is
appropriate to allow for differences in timing of revenues and expenditures. Currently the Town
does not utilize Internal Services Funds (ISF) – although our Joint Departments with the Town
of Winter Park could be assumed to be ISFs.
c. Self-Insured Fund Reserves - As required by the State of Colorado Self Insurer’s Reserve
Trust Agreement, the Town would maintain a fund balance reserve for Liability and Workers
Compensation. Currently the Town of Fraser does not self-fund its insurance liabilities.
IV. Debt Reserves
Debt reserves are established to protect bond holders from payment defaults. Adequate debt
reserves are essential in maintaining good bond ratings and the marketability of bonds. The
amount of restricted fund balance is established by bond ordinance for each fund in association
with each bond issuance. At times, it may be desirable to use bond insurance rather than debt
reserves. This is usually based on the recommendation from our Financial Advisor.
V. Use of Fund Balances
Available fund balances shall not be used for ongoing operating expenditures.
Section 8 - Capital Improvement Program Policy
I. Overview
The Town has a significant investment in its streets, facilities, parks, natural areas and other
capital improvements. In past years, the Town Board and the residents of Fraser through their
actions have demonstrated a firm commitment to and investment in Town capital projects.
12 | P a g e
II. Five Year Capital Improvement Plan (CIP)
The Town will maintain government wide capital project plans encompassing a five year
planning window. These strategic plans will include projects outlined in the Town’s
Comprehensive Plan along with the Enterprise Fund’s municipal needs.
III. Funding Sources and Requirements
All Town capital improvements will be constructed and expenditures incurred for the purpose as
approved by the Town Board, with funds rolling over from year to year until a project is deemed
complete, otherwise remaining budgeted funds will return to the appropriate funds unassigned
or committed fund balance.
The Town will use a variety of different sources to fund capital projects, with an emphasis on the
“pay-as-you-go” philosophy.
Funding for future operating and maintenance costs for approved capital projects must be
identified at the time projects are approved. Future revenues should be identified for the
associated operation and maintenance charges for the approved projects/investments in the
Town’s ten year budget worksheet.
Section 9 - Revenue Policy
The Town shall strive to maintain a balanced and diversified revenue structure to protect the
Town from fluctuations in any one source due to changes in local economic conditions which
adversely impact that source.
Revenue estimates will be conservative and based upon trend analysis, economic conditions
and other factors. Estimates will be established by the Finance Manager and reviewed by the
Town Manager.
Non-recurring (one-time) revenues and other financing sources will not be used to finance
ongoing operations.
Federal aid, state aid, gifts, and grants will be accepted only after an assessment is made of
potential cost implications.
The Town will review its fees and other charges for services annually to ensure that revenues
are meeting intended program goals and are keeping pace with inflation, other cost increases
and any applicable competitive rate. The Town will evaluate cost recovery and align fees with
cost recovery goals. Enterprise and Internal Service operations will be self-supporting.
Section 10 - Expenditure Policy
The Town will pursue goals of efficiency and effectiveness by balancing short-term and long-
term community needs. Current operating expenditures will be funded with current operating
revenues, approved grants, or the use of unassigned fund balance in accordance with fund
balance policies.
13 | P a g e
The Town Manager and Finance Manager will monitor revenues and expenditures during the
year to provide an opportunity for actions to be taken to bring expenditures in line with revenues
received.
The Town will undertake periodic reviews of Town programs for both efficiency and
effectiveness. Programs that are determined to be inefficient and/or ineffective shall be reduced
in scope and eliminated.
Privatization and contracting with other governmental agencies will be evaluated as alternatives
to service delivery.
Section 11 - Grants Policy
Grants will follow all regulations included in the grant contract. Town Departments and staff that
occupy positions of responsibility with respect to grant activity have specific roles and
responsibilities that they shall perform and uphold both ethically and in the best interests of the
Town.
a. Grants will be spent for the purposes intended and will not be relied on for basic General
Fund services.
b. The Town will review grants for operating programs on an individual basis to determine
suitability of accepting the grants from a sustainable long-term financial perspective.
c. The Town will vigorously pursue grants for capital projects that fit long-range community
improvement goals.
d. All potential grants will be carefully examined for matching requirements; both dollar and
level-of effort matches.
Section 12 - Identify Theft Prevention Policy
In 2008, Congress directed the Federal Trade Commission (FTC) and other agencies to
develop regulations requiring “creditors” and “financial institutions” to address the risk of identity
theft. The resulting Red Flag Rules requires all such entities that have “covered accounts” to
develop and implement written identify theft prevention programs.
The FTC defined “creditors” as businesses or organizations that regularly defer payment for
goods or services and bill customers later. This includes nearly any organization extending
credit, whether by granting loans, making credit decisions, etc.
Pursuant to the FTC enforcement policy of the Identify Theft Red Flags Rule, the Town of
Fraser will evaluate risk factors to develop and implement a policy designed to help identify,
detect, and respond to patterns, practices, or specific activities – known as “red flags” – that
could indicate identify theft. Specifically, the Town of Fraser has identified that access to
account information in its water and wastewater utility system and its accounts receivable
customer information as proprietary data and is not released unless and as requested by law
enforcement or additional court orders.
14 | P a g e
Section 13 – Fund Reserve Targets
GENERAL FUND (GF)
The Town will maintain several Committed General Fund (GF) Reserve balances:
The TABOR Emergency Reserve is required by the Colorado Constitution and shall be 3% of
Fiscal Year Spending (excluding bonded debt service). These funds would be available only for
a declared emergency. Local governments are prohibited from the use of these emergency
reserves to compensate for economic conditions, revenue shortfalls, salary or benefit increases.
If a municipality encounters an emergency that qualifies for the use of the TABOR reserve, the
statute requires the municipality to reinstate the TABOR reserve balance in the same fiscal
year.
The Affordable Housing Reserve was established to hold impact fees and other revenues that
were collected that can only be used for affordable housing capital projects.
The Fees in Lieu of Park and Open Space (P&OS) Reserve was established to hold
revenues that were collected in lieu of land dedication pursuant to the Subdivision Code that
can only be used for P&OS capital projects.
The Committed Emergency Reserve is established to set aside funds for any unforeseen
emergency such as unanticipated capital project requirements, economic downturns, or revenue
shortfalls. Use of these funds would require appropriation of the funds for expenditures by the
Town Board. The target for the reserve is one year’s operating expenses, based on the prior
year’s actual expenditures (excluding capital projects and transfers).
The Strategic Reserve is established to set aside funds for strategic opportunities, such as
property acquisition, capital projects, or other such opportunities. These funds could also be
used in emergency conditions to supplement the Committed Emergency Reserves. One-time
revenues, specifically Use Tax revenues, are deposited in this fund annually, unless they are
needed for capital projects. The target for this reserve is $1,500,000.
The fund should maintain an Unassigned Fund Balance (the balance of funds after all
restrictions and reserves have been assigned) equal or greater than three months of budgeted
expenditures.
RESTRICTED REVENUE FUND
The reserve target for this fund is three months operating expenses based on the current fiscal
year budget.
CONSERVATION TRUST FUND (CTF)
This fund is effectively a reserve fund for parks and open space capital projects. There is no
reserve target established.
15 | P a g e
CAPITAL EQUIPMENT REPLACEMENT FUND (CERF)
This fund is effectively a reserve fund for vehicles and equipment. Highway User Tax Funds are
held within this fund, along with transfers from other funds, to accumulate adequate funds for
vehicle and equipment purchases as anticipated within the five year vehicle replacement
schedule.
CAPITAL ASSET FUND (CAF)
This fund is effectively a reserve fund for capital projects and maintenance of capital assets.
There is no reserve target established. However, establishing a reserve target and sufficient
reserves should be accomplished within five years.
COZENS RANCH OPEN SPACE FUND
This fund has no reserve targets as it is established for project specific grant accounting and
reporting.
DEBT SERVICE FUND (DSF)
This fund is required to maintain any reserves as may be required by any bonded debt.
WATER FUND (WF)
The Committed Reserve is established to set aside funds for any unforeseen emergency such
as unanticipated capital project requirements. Use of these funds would require appropriation of
the funds for expenditures by the Town Board. The target for the reserve is $1,000,000.
The Strategic Reserve is established to set aside funds for strategic opportunities, such as
property acquisition, capital projects, or other such opportunities. These funds could also be
used in emergency conditions to supplement the Committed Emergency Reserves. One-time
revenues, specifically Plant Investment Fee revenues, are deposited in this fund annually,
unless they are needed for capital projects. The target for this reserve is $1,000,000.
The fund should maintain an Unassigned Reserve (the balance of funds after all restrictions
and reserves have been assigned) equal or greater than three months of budgeted
expenditures.
WASTEWATER FUND (WWF)
The Committed Reserve is established to set aside funds for any unforeseen emergency such
as unanticipated capital project requirement along with anticipated expenses such as expansion
of the wastewater treatment facility. Use of these funds would require appropriation of the funds
for expenditures by the Town Board. The target for the reserve is $2,000,000.
The Strategic Reserve is established to set aside funds for strategic opportunities, such as
property acquisition, capital projects, or other such opportunities. These funds could also be
used in emergency conditions to supplement the Committed Emergency Reserves. One-time
revenues, specifically Plant Investment Fee revenues, are deposited in this fund annually,
unless they are needed for capital projects. The target for this reserve is $1,000,000.
16 | P a g e
The fund should maintain an Unassigned Reserve (the balance of funds after all restrictions
and reserves have been assigned) equal or greater than three months of budgeted
expenditures.
JOINT FACILITIES FUND – OPERATIONS AND MAINTENANCE (JFFOM)
This fund is operated as a fiduciary fund and does not maintain a reserve.
JOINT FACILITIES FUND – CAPITAL REPLACEMENT RESERVE (JFFCRR)
The Joint Facilities Oversight Committee (JFOC) has established a reserve target for this fund
of $1,500,000.
TOWN OF FRASER
RESOLUTION NO. 2019-12-13
A RESOLUTION ADOPTING THE FINANCIAL POLCIES
WHEREAS, these policies allow the governing body to view its present approach to financial
management from an overall, long-range vantage point.
WHEREAS, these policies help to frame the resources allocation decisions and establish
objectives, standards and internal controls for the Funds of the Town.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Fraser Board of Trustees adopts the attached financial policies.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECMEMBER, 2019.
Votes in favor: ___ BOARD OF TRU
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION 2019-12-14
A RESOLUTION AUTHORIZING THE TOWN MANAGER TO ENTER INTO A MEMORANDUM
OF UNDERSTANDING (MOU) WITH HEADWATERS TRAILS ALLIANCE
BE IT HEREBY RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT:
1.The Town Manager is hereby authorized to enter into the attached Memorandum of
Understanding with Headwaters Trails Alliance.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___ BOARD OF TRUSTEES OF THE
Votes opposed: ___ TOWN OF FRASER, COLORADO
Abstained: ___
BY:__________________________
Mayor
ATTEST:______________________
(S E A L) Town Clerk
2020
Memorandum of Understanding (MOU)-
Headwaters Trails Alliance and Town of Fraser
____________________________________________________________________________
ORGANIZATION: Headwaters Trails Alliance (HTA)
VALID: January 2020 – December 2020
PURPOSE: General Operating Expenses, 120 Zerex St. Lease, Trail Maintenance
Funds, Trails, Smart Sizing Project Funds
This MOU between Headwaters Trails Alliance, a 501(c)(3) non-profit organization, and the
Town of Fraser, is designed to identify the mutually beneficial relationship between the two
entities and specify annual actions with which each can depend.
HTA, its staff and board, agree that HTA will perform the following tasks:
1. Staff and handle daily guest interactions at the Outdoor Information Center, 120 Zerex St., a
significant portion of the workday and workweek in order to serve as a guest services agent and
to assist with outdoor recreation informational needs.
2. Provide updated and current information and maps to guests and offer suggestions for
outdoor recreation in Fraser, the Fraser Valley and Grand County in general.
3. Assist the Town of Fraser with funding requests for outdoor recreation development and town
improvements, including attending meetings, writing letters of support, assisting with trails and
recreation development plans.
4. Seek additional funding from the Town of Fraser for projects that directly impact Fraser
residents and guests. If funding is granted, HTA agrees to annually document and present how
the funds were expended (i.e. projects, operations, materials, etc.).
5. Maintain Town of Fraser, USFS, Fraser Experimental Forest and Denver Water Board trails
in the Fraser area. Maintenance includes: retread, resurfacing, drainages, culverts, turnpikes,
bridges, signage, reroutes when necessary & approved, etc. HTA will communicate any needs
or trail problems above and beyond the issues identified above.
6. Manage the winter trail grooming project in both the Towns of Winter Park and Fraser and on
the Fraser-to-Granby Trail. Provide a winter trail grooming project plan and MOU.
7. Market and engage trail users in the Adopt-a-Trail Program for community involvement and to
lessen costs associated with trail maintenance.
8. Recognize the Town of Fraser’s support in media (newspaper, Facebook, social media) and
all other appropriate means (i.e. kiosks, maps, signage, etc.). HTA will list the Town of Fraser as
a partner on projects.
9. Meet with Fraser Town employees each spring to determine Public Works’ needs for trail
work, staining of wooden structures, etc. and will schedule work days with volunteers around
these identified projects.
The Town of Fraser, agrees to the following:
1. To provide for use of 120 Zerex St. for HTA’s annual administrative space at no charge to
HTA. The Town of Fraser agrees to maintain the building and its operational systems. The
lease is subject renewal each December. The approximate value of this annual lease is
$15,000.
2. Support HTA via funding for projects in the Fraser area, including a contribution for trail
maintenance work performed specifically in Fraser in the amount of $6,000.00.
3. Provide HTA with a contribution of $5,000 toward the cost to complete a countywide
outdoor recreation economic impact study.
4. Provide HTA with annual funding to support general operations, trail maintenance and trail
projects that enhance transportation in Grand County, especially in the Fraser area, in the
amount of $4,500. These funds should be for projects that connect Fraser to other towns and/or
improve connectivity between trail systems in the Fraser Valley, but are subject to the discretion
of HTA. Additionally, Fraser will contribute $30,000 towards the USFS Trails Smart Sizing
Project for fiscal year 2020.
5. Work with HTA during budget cycles to identify mutually beneficial projects and potential
funding.
6. Work with HTA for outdoor recreation signage enhancements in order to maintain uniformity
between towns and ultimately, Grand County.
7. Keep HTA updated with established protocols for funding requests, especially transportation
tax funds.
8. Support HTA’s efforts to provide a groomed winter trail for residents and guests by
subsidizing the cost of the trail portion from Rendezvous from Safeway.
Send All Correspondence To:
Meara McQuain
Headwaters Trails Alliance
PO Box 946
Granby, CO 80446
Accepted by: Town of Fraser
Name: ___________________________ Signature: ___________________________
Title: ___________________________ Date: ______________________________
Accepted by: Headwaters Trails Alliance
Name: ___________________________ Signature: ___________________________
Title: ___________________________ Date: ______________________________
November 22, 2019
Town of Fraser
PO Box 120
Fraser, CO 80442
Dear Town of Fraser Trustees,
Headwaters Trails Alliance has supported outdoor recreation and trails in Grand County since its
inception in 1997. HTA provides maintenance support for over 1,000 miles of public/private trails and
ultimately strives to promote the uniqueness of our area and our community’s natural recreational
assets—the unlimited economic drivers of Grand County. In 2019, HTA has accomplished the
following:
• Volunteer Hours - Completed over 4,400 volunteer hours of trail maintenance/projects
• Trail Miles Maintained - Maintained and assessed 168 miles of trails in Grand County, including
clearing or building 645 drains
• Structures - Bridges and/or turnpikes constructed on Double Bit, Buffalo Creek, High Lonesome, Iko,
CR20 Connector, Meadow and Serendipity Trails
• Volunteer Projects - 3 large multi-day and/or 20+ volunteers/day projects included: Meadow, Buffalo
Creek, and High Lonesome Trails
• Hazard Tree Removal - Cleared nearly 4,000 hazard or fallen trees on or adjacent to trails between
staff, contractors, and volunteers
• Social Trail Decommissioning - 1.75 miles: Upper Gibson, Burnout Loop Connector, Serendipity
Bypass
• Trail Smart Sizing Project - Completed 3 trail (re)development projects & in progress with 2 others.
Work completed totaled over $165,000: Chainsaw, Broken Spade, Iko turnpikes, WTB-Double Bit
• Grand County Master Trails Plan - Completed and adopted a 2019 update
• National Public Lands Day (NPLD) - Fiscal agent and co-host for National Public Lands Day with
over 250 volunteers; involved in 4 out of 6 projects in 2019
• Adopt-A-Trail Program - Completed 37 adopt-a-trail projects. 92 trails currently adopted
• Fraser Valley Trail Map & Grand County Bike Guide - Developed and produced 2nd annual
county-wide bike guide with Sky-Hi News
• Winter Trail Grooming - Successful grooming of 33 miles of trails from December - March
• Partnership Development - Developed and acquired new partnerships with the Indian Peaks
Traverse, Rocky Mountain Youth Corps, University of Nothern CO - Outdoor Pursuits, Boettcher
Scholar Alumni Association, Camp Chief Ouray
• Public Outreach - Had events/projects/trainings on all of the following: Colorado Public Lands Day,
National Trails Day, National Public Lands Day
Headwaters Trails Alliance P.O. Box 946 Granby, CO 80446 (970)726-1013
http://www.headwaterstrails.org
For 2020, HTA is continuing the Trail Smart Sizing project and requesting the same amount of project
funding as the past two years ($30,000). With these funds, HTA will be able to leverage an additional
$100,000 from Winter Park and the Open Lands, Rivers, and Trails Fund. Additionally, HTA applied for
a CO State Trails grant for $175,000 for this project (pending). HTA would like to also request that the
operational funding and reimbursement funds for winter trail grooming remain the same as the past.
The only additional request HTA has for 2020 is a $5,000 contribution toward the cost to complete a
countywide outdoor recreation economic impact study. This study will cost approximately $50,000 and
will prove to be a valuable tool for our local government in prioritizing spending over the next decade for
outdoor recreation infrastructure and improvements. HTA has commitments (over $25,000) from the
following for this project: Grand County, Grand Foundation, Town of Winter Park, Town of Granby, and
Town of Kremmling. Once a firm is hired to initiate this project first quarter of 2020, the Town of Fraser
will be contacted to determine what type of information regarding outdoor recreation and tourism would
be useful to the Town in planning and funding decisions. Of Colorado’s resort communities, Grand
County is the only community that has not completed a recreation impact study such as this.
Please let me know if you have any questions or would like to further discuss our accomplishments, the
Trail Smart Sizing project, the master trails plan, or the upcoming economic impact study. We value our
partnership with the Town of Fraser and appreciate all of the continued support through the use of our
office space to the direct funding of projects. We are looking forward to another strong year of
collaboration with the Town.
Best regards,
Meara McQuain
Executive Director/President
Headwaters Trails Alliance
TOWN OF FRASER
RESOLUTION NO. 2019-12-15
A RESOLUTION AUTHORIZING THE PURCHASE OF SOLAR CROSSWALK LIGHTING
EQUIPMENT FOR THE PUBLIC WORKS DEPARTMENT.
WHEREAS, the 2019 Street Improvement Fund Budget provides for the purchase of materials
for street improvements for the Public Works Department.
THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Board of Fraser, Colorado hereby authorizes the Town Manager to expend up
to $76,000 for the purchase and installation of solar crosswalk lighting equipment.
2.Said purchases and installation must be completed by the end of the year 2019 or the
approval will no longer be effective.
READ,PASSED ON ROLL CALL VOTE,AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: ___ BOARD OF TRU
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
BOARD OF TRUSTEE AGENDA ITEM
Board Meeting Date: December 4, 2019
SUBJECT: CONSENT AGENDA
FILE NUMBER: 2019-12-01
Consideration Of A Resolution Authorizing The Purchase Of Solar Crosswalk Lighting
Equipment In The Amount Of $54,368.16 from Consolidated Electrical Distributors, And Setting
Forth Details In Relation Thereto.
DEPARTMENT:Public Works
PRESENTER/PREPARER:Russell W Pennington, P.E., Public Works Director
Russ Chameroy, O&M Superintendent
FISCAL INFORMATION:
Cost as Recommended:$ 76,000
Balance Available:$ 202,733
Fund:Street Improvement Fund
Budget Line Item Number: 10-60-725
New Appropriation Required:No
STAFF RECOMMENDATION: Approve Resolution authorizing said purchases, authorizing the
Town Administrator to execute purchases, and authorizing Staff to expend funds.
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The 2019 Street Improvement Fund includes enough dollars for the purchase of solar crosswalk
lights for the three US 40 crosswalks in Fraser.
This past year,the Town of Fraser along with the Colorado Department of Transportation
improved pedestrian safety in the Town of Fraser by installing sidewalks and medians along US
40 and CR 804.Although pedestrian safety has been significantly improved with this project,
additional lighting at the three crosswalks has been identified as a need by the public,Public
Works Staff, and the Board of Trustees.
In response to this need,Public Works Staff has worked with Consolidated Electrical
Distributors to identify a solar light option that can be installed in the center median at each
crosswalk.This light is intended to focus light onto each segment of the crosswalk to enhance
pedestrican safety.The three crosswalks currently has lighting at or near each crosswalk on
the outside edges of US 40.The addition of the solar lights installed within the median will
enhance each crosswalk tremendously.
Consolidated Electrical Distributors has worked with Fraser before and is the supplier for the
sidewalk lighting through town.
CDOT approval is required for any work inside the US 40 Right of Way.Public Works Staff has
already contacted CDOT to begin the approval process.As of today,it is not knows if CDOT
will allow this work in the center medians during the winter months.Therefor the timing of the
installation of these lights could be held up until late spring.Public Works Staff will work closely
with CDOT to ensure the lights are installed as quickly as possible.The lighting materials will
be purchased immediately after Board approval and will be ready for installation pending CDOT
approval.If installation cannot occur until 2020,Staff has proposed money in the 2020 budget
to cover the installation.
Cost Summary
Solar Crosswalk Lighting Equipment $54,368.16
Installation $15,000.00
Contingency (5%) $ 6,631.84
Total $76,000.00
ATTACHMENTS:
a.Resolution 2019-12-15
TOWN OF FRASER
COMBINED CASH INVESTMENT
SEPTEMBER 30, 2019
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 1
COMBINED CASH ACCOUNTS
01-10200 GENERAL CHECKING #878-000884 214,854.52
01-10215 XPRESS DEPOSIT ACCOUNT 12,592.00
01-10220 GENERAL CO-01-0160-8001 11,355,485.98
01-10750 CASH CLEARING - UTILITIES ( 102.00)
TOTAL COMBINED CASH 11,582,830.50
01-10100 CASH ALLOCATED TO OTHER FUNDS ( 11,582,830.50)
TOTAL UNALLOCATED CASH .00
CASH ALLOCATION RECONCILIATION
10 ALLOCATION TO GENERAL FUND 3,179,147.96
12 ALLOCATION TO RESTRICTED REVENUE FUND 136,406.65
20 ALLOCATION TO CONSERVATION TRUST FUND 12,211.74
30 ALLOCATION TO CAPITAL EQUIP REPLACEMENT FUND 454,195.48
32 ALLOCATION TO CAPITAL ASSET FUND 34,844.93
35 ALLOCATION TO CROS FUND 221,980.47
40 ALLOCATION TO DEBT SERVICE FUND 35,096.30
50 ALLOCATION TO WATER FUND 1,685,918.78
55 ALLOCATION TO WASTEWATER FUND 5,823,028.19
TOTAL ALLOCATIONS TO OTHER FUNDS 11,582,830.50
ALLOCATION FROM COMBINED CASH FUND - 01-10100 ( 11,582,830.50)
ZERO PROOF IF ALLOCATIONS BALANCE .00
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
GENERAL FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 2
ASSETS
10-10100 CASH - COMBINED FUND 3,179,147.96
10-11100 PROPERTY TAXES RECEIVABLE 254,157.00
10-11550 ACCTS REC - BILLINGS 968,694.50
10-11560 ACCTS REC - BUSINESS LIC 3,280.00
10-11600 MISCELLANEOUS RECEIVABLES 37,500.00
10-13040 DUE FROM RRF 62,007.17
TOTAL ASSETS 4,504,786.63
LIABILITIES AND EQUITY
LIABILITIES
10-21730 STATE WITHHOLDING PAYABLE 3,895.00
10-21740 UNEMPLOYMENT TAXES PAYABLE 1,359.39
10-21760 HEALTH INSURANCE PAYABLE ( 43,308.43)
10-21773 DEPENDENT CARE PAYABLE 1,854.00
10-21775 FLEX HEALTH PLAN PAYABLE 616.15
10-22000 BUSINESS ENHANCEMENT LOAN 37,500.00
10-22210 DEFERRED TAXES 254,157.00
10-22920 SUBDIVISION IMP SECURITY DEP 76,666.51
10-22950 RENTAL PROPERTY DEPOSITS HELD 200.00
TOTAL LIABILITIES 332,939.62
FUND EQUITY
10-27000 GF COMMITTED RESERVE BALANCE 1,000,000.00
10-27050 GF STRATEGIC RESERVES 1,100,000.00
10-27100 GF RESTRICTED RESERVE BALANCE 258,615.20
UNAPPROPRIATED FUND BALANCE:
REVENUE OVER EXPENDITURES - YTD 1,813,231.81
BALANCE - CURRENT DATE 1,813,231.81
TOTAL FUND EQUITY 4,171,847.01
TOTAL LIABILITIES AND EQUITY 4,504,786.63
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 3
TAXES
10-31-100 GENERAL FUND PROPERTY TAX 1,365.76 252,367.32 250,000.00 ( 2,367.32)101.0
10-31-200 SPECIFIC OWNERSHIP TAX 2,115.85 13,688.95 11,500.00 ( 2,188.95)119.0
10-31-300 MOTOR VEHICLE TAX .00 2,032.28 4,250.00 2,217.72 47.8
10-31-400 TOWN SALES TAX 399,323.22 1,766,522.06 2,450,000.00 683,477.94 72.1
10-31-410 USE TAX - BUILDING MATERIALS 29,823.76 215,484.41 100,000.00 ( 115,484.41)215.5
10-31-420 USE TAX - MOTOR VEHICLE SALES .00 77,606.83 65,000.00 ( 12,606.83)119.4
10-31-430 STATE CIGARETTE TAX 418.36 2,716.39 3,200.00 483.61 84.9
10-31-800 FRANCHISE FEES 938.07 36,406.76 55,000.00 18,593.24 66.2
TOTAL TAXES 433,985.02 2,366,825.00 2,938,950.00 572,125.00 80.5
LICENSES & PERMITS
10-32-100 BUSINESS LICENSE FEES 500.00 17,480.00 15,000.00 ( 2,480.00)116.5
10-32-110 REGULATED INDUSTRY FEES/TAXES 29,267.30 119,034.84 120,000.00 965.16 99.2
TOTAL LICENSES & PERMITS 29,767.30 136,514.84 135,000.00 ( 1,514.84)101.1
INTERGOVERNMENTAL
10-33-100 GRANTS .00 6,032.50 1,000,000.00 993,967.50 .6
TOTAL INTERGOVERNMENTAL .00 6,032.50 1,000,000.00 993,967.50 .6
CHARGES FOR SERVICES
10-34-100 ANNEXATION FEES .00 .00 1,000.00 1,000.00 .0
10-34-110 ZONING FEES .00 2,075.00 1,500.00 ( 575.00)138.3
10-34-120 SUBDIVISION FEES .00 15,270.00 1,500.00 ( 13,770.00)1018.0
10-34-130 MISCELLANEOUS PLANNING FEES .00 120.00 1,000.00 880.00 12.0
10-34-300 PAYT 6,362.25 30,332.38 125,000.00 94,667.62 24.3
TOTAL CHARGES FOR SERVICES 6,362.25 47,797.38 130,000.00 82,202.62 36.8
MISCELLANEOUS REVENUE
10-36-100 INTEREST EARNINGS 7,041.32 75,421.71 40,000.00 ( 35,421.71)188.6
10-36-300 RENTAL INCOME 1,565.00 7,035.00 15,500.00 8,465.00 45.4
10-36-600 COMMUNITY HOUSING 4,050.00 14,209.35 15,000.00 790.65 94.7
10-36-610 REIMBURSABLE - PROF SERVICES ( 5,051.99)172,291.26 50,000.00 ( 122,291.26)344.6
10-36-630 DISPOSABLE BAG FEES 4,045.56 9,991.55 .00 ( 9,991.55).0
10-36-900 MISCELLANEOUS REVENUE 5,308.75 75,700.09 30,000.00 ( 45,700.09)252.3
TOTAL MISCELLANEOUS REVENUE 16,958.64 354,648.96 150,500.00 ( 204,148.96)235.7
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 4
OTHER SOURCES & TRANSFERS
10-39-999 UNASSIGNED FUND BALANCE .00 3,038,364.82 2,627,498.03 ( 410,866.79)115.6
TOTAL OTHER SOURCES & TRANSFERS .00 3,038,364.82 2,627,498.03 ( 410,866.79)115.6
TOTAL FUND REVENUE 487,073.21 5,950,183.50 6,981,948.03 1,031,764.53 85.2
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 5
TOWN BOARD
10-41-110 SALARIES 6,845.00 16,530.00 50,000.00 33,470.00 33.1
10-41-220 FICA TAX 523.65 1,264.65 3,825.00 2,560.35 33.1
10-41-280 TRAINING PROGRAMS .00 1,036.00 6,000.00 4,964.00 17.3
10-41-290 TRAVEL, MEALS AND LODGING 71.92 2,576.65 5,500.00 2,923.35 46.9
10-41-295 MEALS AND ENTERTAINMENT 650.15 4,931.19 10,000.00 5,068.81 49.3
10-41-690 MISCELLANEOUS EXPENSE .00 20,110.66 10,500.00 ( 9,610.66)191.5
10-41-860 GRANTS AND AID TO AGENCIES .00 1,500.00 30,000.00 28,500.00 5.0
10-41-861 INTERGOVERNMENTAL AGREEMENTS .00 51,679.34 14,500.00 ( 37,179.34)356.4
10-41-862 FRASER/WINTER PARK POLICE DEPT 48,603.00 420,443.00 600,000.00 179,557.00 70.1
10-41-863 STREET LIGHTING AND SIGNALS 1,227.96 10,108.81 22,500.00 12,391.19 44.9
10-41-864 SPECIAL EVENTS 1,553.46 13,071.23 10,000.00 ( 3,071.23)130.7
10-41-870 BUSINESS DIST STREETSCAPE .00 4,500.00 5,000.00 500.00 90.0
10-41-871 BUSINESS ENHANCEMENT PROGRAMS .00 11,552.68 57,500.00 45,947.32 20.1
10-41-872 SUSTAINABILITY 2,200.00 15,063.21 10,000.00 ( 5,063.21)150.6
10-41-873 RECYCLE FACILITY 4,011.32 43,663.40 100,000.00 56,336.60 43.7
10-41-874 COMMUNITY HOUSING .00 5,135.00 500,000.00 494,865.00 1.0
10-41-875 MARKETING 6,047.76 16,061.88 20,000.00 3,938.12 80.3
10-41-880 CENTER FOR CREATIVE ARTS .00 14,500.00 15,000.00 500.00 96.7
TOTAL TOWN BOARD 71,734.22 653,727.70 1,470,325.00 816,597.30 44.5
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:35PM PAGE: 6
ADMINISTRATION
10-45-110 SALARIES 25,136.42 250,553.09 350,000.00 99,446.91 71.6
10-45-210 HEALTH INSURANCE 6,460.21 49,706.08 83,000.00 33,293.92 59.9
10-45-220 FICA TAX 1,780.74 17,793.40 27,000.00 9,206.60 65.9
10-45-230 RETIREMENT 1,170.62 11,463.34 21,000.00 9,536.66 54.6
10-45-250 UNEMPLOYMENT TAX 75.96 756.05 1,050.00 293.95 72.0
10-45-280 TRAINING PROGRAMS 620.00 7,166.52 6,000.00 ( 1,166.52)119.4
10-45-290 TRAVEL, MEALS AND LODGING 1,437.08 12,013.80 7,000.00 ( 5,013.80)171.6
10-45-295 MEALS AND ENTERTAINMENT 619.68 4,478.92 4,000.00 ( 478.92)112.0
10-45-310 LEGAL FEES 5,608.95 35,446.61 80,000.00 44,553.39 44.3
10-45-320 AUDIT FEES .00 17,604.00 16,500.00 ( 1,104.00)106.7
10-45-330 ENGINEERING FEES .00 2,416.50 3,500.00 1,083.50 69.0
10-45-360 COMPUTERS-NETWORKS AND SUPPORT 1,132.83 35,921.16 90,000.00 54,078.84 39.9
10-45-370 OTHER PROFESSIONAL SERVICES 2,200.00 42,688.36 50,000.00 7,311.64 85.4
10-45-375 REIMBURSABLE PROF SERVICES 266.20 23,540.81 50,000.00 26,459.19 47.1
10-45-380 JANITORIAL SERVICES 880.00 7,173.55 15,606.00 8,432.45 46.0
10-45-385 TREASURER'S FEES 27.31 5,047.34 7,500.00 2,452.66 67.3
10-45-395 RECORDING FEES .00 2,000.00 1,500.00 ( 500.00)133.3
10-45-410 BANK CHARGES 488.78 5,261.07 1,200.00 ( 4,061.07)438.4
10-45-420 ELECTIONS .00 .00 5,000.00 5,000.00 .0
10-45-430 INSURANCE - ALL DEPARTMENTS ( 5,164.40)87,395.22 65,000.00 ( 22,395.22)134.5
10-45-440 ADVERTISING 196.46 2,638.40 2,500.00 ( 138.40)105.5
10-45-490 PROFESSIONAL MEMBERSHIPS 1,116.00 9,214.00 14,500.00 5,286.00 63.5
10-45-500 OPERATING SUPPLIES 754.80 7,415.14 14,700.00 7,284.86 50.4
10-45-510 EQUIPMENT PURCHASE AND REPAIR .00 416.83 28,665.00 28,248.17 1.5
10-45-550 POSTAGE .00 1,067.72 2,500.00 1,432.28 42.7
10-45-560 UTILITIES -TELEPHONE 541.74 4,869.96 8,585.00 3,715.04 56.7
10-45-561 UTILITIES - NATURAL GAS 120.20 2,296.53 6,200.00 3,903.47 37.0
10-45-562 UTILITIES - ELECTRICITY 505.24 5,045.51 6,200.00 1,154.49 81.4
10-45-569 UTILITIES - TRASH REMOVAL .00 .00 2,500.00 2,500.00 .0
10-45-670 PROP MGMT - 107 EISENHOWER DR 728.46 8,472.77 20,000.00 11,527.23 42.4
10-45-671 PROP MGMT - 105 FRASER AVE .00 12.08 500.00 487.92 2.4
10-45-673 PROP MGMT - 153 FRASER AVE 5,433.47 20,716.16 55,000.00 34,283.84 37.7
10-45-674 PROP MGMT - 200 EISENHOWER DR .00 183.00 500.00 317.00 36.6
10-45-676 PROP MGMT - 400 DOC SUSIE AVE .00 .00 500.00 500.00 .0
10-45-690 MISCELLANEOUS EXPENSE 463.46 19,944.08 12,000.00 ( 7,944.08)166.2
10-45-695 BAD DEBT WRITE-OFF .00 40.00 .00 ( 40.00).0
TOTAL ADMINISTRATION 52,600.21 700,758.00 1,059,706.00 358,948.00 66.1
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 7
PUBLIC WORKS
10-60-110 SALARIES 48,193.15 422,242.32 555,000.00 132,757.68 76.1
10-60-210 HEALTH INSURANCE 13,224.83 108,404.87 175,000.00 66,595.13 62.0
10-60-220 FICA TAX 3,368.85 29,307.28 44,000.00 14,692.72 66.6
10-60-230 RETIREMENT 1,744.43 14,128.24 33,300.00 19,171.76 42.4
10-60-250 UNEMPLOYMENT TAX 145.27 1,273.77 1,665.00 391.23 76.5
10-60-280 TRAINING PROGRAMS .00 1,410.00 2,500.00 1,090.00 56.4
10-60-290 TRAVEL, MEALS AND LODGING .00 1,787.16 2,500.00 712.84 71.5
10-60-295 MEALS AND ENTERTAINMENT 68.86 1,241.11 1,500.00 258.89 82.7
10-60-330 ENGINEERING FEES .00 48,655.50 30,000.00 ( 18,655.50)162.2
10-60-360 COMPUTER NETWORK SUPPORT .00 22,785.07 31,500.00 8,714.93 72.3
10-60-370 OTHER PROFESSIONAL SERVICES 552.32 5,187.26 110,000.00 104,812.74 4.7
10-60-480 EQUIPMENT RENTAL 1,561.00 1,958.50 2,500.00 541.50 78.3
10-60-490 PROFESSIONAL MEMBERSHIPS .00 1,164.00 1,000.00 ( 164.00)116.4
10-60-500 OPERATING SUPPLIES 7,035.55 71,753.63 88,000.00 16,246.37 81.5
10-60-506 PLANTS/PLANTER SUPPLIES 1,115.57 42,962.30 30,000.00 ( 12,962.30)143.2
10-60-510 EQUIPMENT PURCHASE AND REPAIR 9,191.37 51,765.24 55,000.00 3,234.76 94.1
10-60-560 UTILITIES - TELEPHONE 361.71 2,950.05 3,060.00 109.95 96.4
10-60-561 UTILITIES - NATURAL GAS 52.98 3,551.58 6,500.00 2,948.42 54.6
10-60-562 UTILITIES - ELECTRICITY .00 982.45 3,250.00 2,267.55 30.2
10-60-569 UTILITIES - TRASH REMOVAL .00 .00 3,060.00 3,060.00 .0
10-60-670 PROP MGMT - 125 FRASER AVE 30,703.33 57,944.41 60,000.00 2,055.59 96.6
10-60-673 PROP MGMT - FRASER RIVER TRAIL 5,533.28 7,260.40 10,000.00 2,739.60 72.6
10-60-674 PROP MGMT - HWY 40 PEDESTRIAN 50.87 129.02 6,000.00 5,870.98 2.2
10-60-675 PROP MGMT - KOPPERS PARK .00 7.78 1,500.00 1,492.22 .5
10-60-676 PROP MGMT - OLD SCHLHOUSE PK 909.50 6,623.86 1,000.00 ( 5,623.86)662.4
10-60-678 PROP MGMT - OUTDOORACTIVITYCTR .00 803.70 .00 ( 803.70).0
10-60-679 PROP MGMT - SCHOOL BUS GARAGE 225.34 3,147.17 7,500.00 4,352.83 42.0
10-60-681 PROP MGMT - COZENS RANCH PARK 1,018.75 4,251.53 40,000.00 35,748.47 10.6
10-60-684 PROP MGMT - FRODO .00 .00 15,000.00 15,000.00 .0
10-60-685 PROP MGMT - MTN MAN PARK .00 1,600.00 5,000.00 3,400.00 32.0
10-60-686 GORANSON STATION .00 .00 500.00 500.00 .0
10-60-687 PROP MGMT - 6 W .00 .00 5,000.00 5,000.00 .0
10-60-690 MISCELLANEOUS EXPENSE 228.01 7,509.51 3,400.00 ( 4,109.51)220.9
10-60-725 STREET IMPROVEMENTS 64,256.49 97,396.19 325,000.00 227,603.81 30.0
10-60-730 CAPITAL PROJECTS 3,827.50 12,496.13 1,200,000.00 1,187,503.87 1.0
10-60-740 ART IN PUBLIC PLACES 3,429.95 46,903.12 75,000.00 28,096.88 62.5
TOTAL PUBLIC WORKS 196,798.91 1,079,583.15 2,934,235.00 1,854,651.85 36.8
120 ZEREX AVENUE
10-65-380 JANITORIAL SERVICES 495.00 3,872.40 6,242.40 2,370.00 62.0
10-65-500 OPERATING SUPPLIES .00 26.18 .00 ( 26.18).0
10-65-561 UTILITIES - NATURAL GAS 51.59 833.46 1,224.12 390.66 68.1
10-65-562 UTILITIES - ELECTRICITY 77.29 669.42 1,224.12 554.70 54.7
10-65-670 PROP MGMT - 120 ZEREX 423.34 498.51 10,000.00 9,501.49 5.0
TOTAL 120 ZEREX AVENUE 1,047.22 5,899.97 18,690.64 12,790.67 31.6
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 8
TRANSFERS
10-90-920 TRANSFER TO CERF - POLICE DEPT .00 60,000.00 60,000.00 .00 100.0
10-90-930 TRANSFER TO CERF - PUBLICWORKS .00 50,000.00 50,000.00 .00 100.0
10-90-935 TRANSFER TO CAF .00 250,000.00 .00 ( 250,000.00).0
10-90-960 TRANSFER TO CROS .00 250,000.00 250,000.00 .00 100.0
10-90-980 TRANSFER TO STRATEGIC RESERVES .00 1,100,000.00 1,100,000.00 .00 100.0
TOTAL TRANSFERS .00 1,710,000.00 1,460,000.00 ( 250,000.00)117.1
FISCAL AGENT
10-95-110 SALARIES ( 7,779.83)( 7,799.83).00 7,799.83 .0
10-95-210 HEALTH INSURANCE .00 ( 4,172.70).00 4,172.70 .0
10-95-220 FICA TAX ( 531.94)( 545.94).00 545.94 .0
10-95-230 RETIREMENT ( 383.07)( 311.99).00 311.99 .0
10-95-250 UNEMPLOYMENT TAX ( 23.34)( 23.88).00 23.88 .0
10-95-560 TELEPHONE .00 ( 43.00).00 43.00 .0
10-95-690 MISC. PAYROLL EXPENSE .00 ( 119.79).00 119.79 .0
TOTAL FISCAL AGENT ( 8,718.18)( 13,017.13).00 13,017.13 .0
TOTAL FUND EXPENDITURES 313,462.38 4,136,951.69 6,942,956.64 2,806,004.95 59.6
NET REVENUE OVER EXPENDITURES 173,610.83 1,813,231.81 38,991.39 ( 1,774,240.42)4650.3
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
RESTRICTED REVENUE FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 9
ASSETS
12-10100 CASH COMBINED FUND 136,406.65
TOTAL ASSETS 136,406.65
LIABILITIES AND EQUITY
LIABILITIES
12-20810 DUE TO GENERAL FUND 62,007.17
TOTAL LIABILITIES 62,007.17
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
12-29800 UNASSIGNED FUND BALANCE - BOY ( 135,339.54)
REVENUE OVER EXPENDITURES - YTD 209,739.02
BALANCE - CURRENT DATE 74,399.48
TOTAL FUND EQUITY 74,399.48
TOTAL LIABILITIES AND EQUITY 136,406.65
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
RESTRICTED REVENUE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 10
TAXES
12-31-100 RESTRICTED 1% GF SALES TAX 99,830.80 441,630.52 612,500.00 170,869.48 72.1
12-31-800 INTEREST INCOME 142.00 354.04 306.03 ( 48.01)115.7
TOTAL TAXES 99,972.80 441,984.56 612,806.03 170,821.47 72.1
OTHER SOURCES
12-39-999 UNASSIGNED FUND BALANCE .00 132,079.97 26,600.00 ( 105,479.97)496.5
TOTAL OTHER SOURCES .00 132,079.97 26,600.00 ( 105,479.97)496.5
TOTAL FUND REVENUE 99,972.80 574,064.53 639,406.03 65,341.50 89.8
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
RESTRICTED REVENUE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 11
EXPENDITURES
12-40-610 TRANSPORTATION O&M 43,387.46 364,325.51 625,000.00 260,674.49 58.3
TOTAL EXPENDITURES 43,387.46 364,325.51 625,000.00 260,674.49 58.3
TOTAL FUND EXPENDITURES 43,387.46 364,325.51 625,000.00 260,674.49 58.3
NET REVENUE OVER EXPENDITURES 56,585.34 209,739.02 14,406.03 ( 195,332.99)1455.9
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
CONSERVATION TRUST FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 12
ASSETS
20-10100 CASH - COMBINED FUND 12,211.74
TOTAL ASSETS 12,211.74
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
REVENUE OVER EXPENDITURES - YTD 12,211.74
BALANCE - CURRENT DATE 12,211.74
TOTAL FUND EQUITY 12,211.74
TOTAL LIABILITIES AND EQUITY 12,211.74
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CONSERVATION TRUST FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 13
REVENUE
20-30-100 CONS TRUST (LOTTERY) PROCEEDS 1,639.70 5,777.28 6,700.00 922.72 86.2
20-30-800 INTEREST EARNINGS 18.77 153.17 75.00 ( 78.17)204.2
20-30-999 UNASSIGNED FUND BALANCE .00 6,281.29 6,595.75 314.46 95.2
TOTAL REVENUE 1,658.47 12,211.74 13,370.75 1,159.01 91.3
TOTAL FUND REVENUE 1,658.47 12,211.74 13,370.75 1,159.01 91.3
NET REVENUE OVER EXPENDITURES 1,658.47 12,211.74 13,370.75 1,159.01 91.3
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
CAPITAL EQUIP REPLACEMENT FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 14
ASSETS
30-10100 CASH - COMBINED FUND 454,195.48
TOTAL ASSETS 454,195.48
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
REVENUE OVER EXPENDITURES - YTD 454,195.48
BALANCE - CURRENT DATE 454,195.48
TOTAL FUND EQUITY 454,195.48
TOTAL LIABILITIES AND EQUITY 454,195.48
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CAPITAL EQUIP REPLACEMENT FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 15
REVENUE
30-30-100 HWY USE TAX PROCEEDS 5,007.64 45,155.62 46,924.60 1,768.98 96.2
30-30-800 INTEREST EARNINGS 921.69 8,019.72 2,500.00 ( 5,519.72)320.8
30-30-900 TRANSFER FROM G/F - POLICEDEPT .00 60,000.00 60,000.00 .00 100.0
30-30-910 TRANSFER FROM G/F - PUBLICWORK .00 50,000.00 50,000.00 .00 100.0
30-30-920 TRANSFER FROM UTILITY FUNDS .00 20,000.00 20,000.00 .00 100.0
30-30-999 UNASSIGNED FUND BALANCE .00 475,600.14 464,012.13 ( 11,588.01)102.5
TOTAL REVENUE 5,929.33 658,775.48 643,436.73 ( 15,338.75)102.4
TOTAL FUND REVENUE 5,929.33 658,775.48 643,436.73 ( 15,338.75)102.4
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CAPITAL EQUIP REPLACEMENT FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 16
EXPENDITURES
30-40-745 PUBLIC SAFETY FLEET PURCHASE .00 .00 60,000.00 60,000.00 .0
30-40-750 REGULAR FLEET PURCHASE .00 40,893.00 .00 ( 40,893.00).0
30-40-755 HEAVY EQUIPMENT PURCHASE 67,300.00 67,300.00 215,000.00 147,700.00 31.3
30-40-810 LEASE/PURCHASE - PRINCIPAL 2,108.49 90,221.85 50,000.00 ( 40,221.85)180.4
30-40-820 LEASE/PURCHASE - INTEREST 418.86 6,165.15 5,000.00 ( 1,165.15)123.3
TOTAL EXPENDITURES 69,827.35 204,580.00 330,000.00 125,420.00 62.0
TOTAL FUND EXPENDITURES 69,827.35 204,580.00 330,000.00 125,420.00 62.0
NET REVENUE OVER EXPENDITURES ( 63,898.02)454,195.48 313,436.73 ( 140,758.75)144.9
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
CAPITAL ASSET FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 17
ASSETS
32-10100 CASH - COMBINED FUND 34,844.93
TOTAL ASSETS 34,844.93
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
32-29800 FUND BALANCE - BEGINNING OF YR ( 276,568.37)
REVENUE OVER EXPENDITURES - YTD 311,413.30
BALANCE - CURRENT DATE 34,844.93
TOTAL FUND EQUITY 34,844.93
TOTAL LIABILITIES AND EQUITY 34,844.93
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CAPITAL ASSET FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 18
CAPITAL ASSET REVENUE
32-30-100 RESERVED FOR FUTURE USE 946,432.00 946,432.00 1,112,432.00 166,000.00 85.1
32-30-800 INTEREST EARNINGS ( 1,391.13)( 2,030.74).00 2,030.74 .0
32-30-910 TRANSFER IN FROM GENERAL FUND .00 250,000.00 250,000.00 .00 100.0
32-30-999 UNASSIGNED FUND BALANCE .00 379,215.52 369,146.13 ( 10,069.39)102.7
TOTAL CAPITAL ASSET REVENUE 945,040.87 1,573,616.78 1,731,578.13 157,961.35 90.9
TOTAL FUND REVENUE 945,040.87 1,573,616.78 1,731,578.13 157,961.35 90.9
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CAPITAL ASSET FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 19
CAPITAL ASSET EXPENDITURES
32-40-810 CAPITAL PROJ- STREETS EXISTING 128,220.17 1,262,203.48 1,500,000.00 237,796.52 84.2
TOTAL CAPITAL ASSET EXPENDITURES 128,220.17 1,262,203.48 1,500,000.00 237,796.52 84.2
TOTAL FUND EXPENDITURES 128,220.17 1,262,203.48 1,500,000.00 237,796.52 84.2
NET REVENUE OVER EXPENDITURES 816,820.70 311,413.30 231,578.13 ( 79,835.17)134.5
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
CROS FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 20
ASSETS
35-10100 CASH COMBINED FUND 221,980.47
TOTAL ASSETS 221,980.47
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
REVENUE OVER EXPENDITURES - YTD 221,980.47
BALANCE - CURRENT DATE 221,980.47
TOTAL FUND EQUITY 221,980.47
TOTAL LIABILITIES AND EQUITY 221,980.47
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CROS FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 21
INTERGOVERNMENTAL - REVENUE
35-30-130 INTEREST INCOME 394.20 685.28 .00 ( 685.28).0
35-30-910 TRANSFER IN FROM GENERAL FUND .00 250,000.00 250,000.00 .00 100.0
TOTAL INTERGOVERNMENTAL - REVENUE 394.20 250,685.28 250,000.00 ( 685.28)100.3
TOTAL FUND REVENUE 394.20 250,685.28 250,000.00 ( 685.28)100.3
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
CROS FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 22
PROJECT WIDE SCOPE - EXPENSES
35-40-300 DESIGN .00 25,525.94 .00 ( 25,525.94).0
35-40-310 AMPHITHEATER .00 .00 31,250.00 31,250.00 .0
35-40-315 BIKE PARK .00 .00 31,250.00 31,250.00 .0
35-40-320 LANDSCAPE .00 3,178.87 31,250.00 28,071.13 10.2
35-40-325 PARKING .00 .00 31,250.00 31,250.00 .0
35-40-330 PLAYGROUND .00 .00 31,250.00 31,250.00 .0
35-40-335 RESTROOMS .00 .00 31,250.00 31,250.00 .0
35-40-340 TRAILS .00 .00 31,250.00 31,250.00 .0
35-40-345 UTILITIES .00 .00 31,250.00 31,250.00 .0
TOTAL PROJECT WIDE SCOPE - EXPENSES .00 28,704.81 250,000.00 221,295.19 11.5
TOTAL FUND EXPENDITURES .00 28,704.81 250,000.00 221,295.19 11.5
NET REVENUE OVER EXPENDITURES 394.20 221,980.47 .00 ( 221,980.47).0
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
DEBT SERVICE FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 23
ASSETS
40-10100 CASH - COMBINED FUND 35,096.30
TOTAL ASSETS 35,096.30
LIABILITIES AND EQUITY
FUND EQUITY
40-27100 DSF COMMITTED RESERVE BALANCE 33,693.16
UNAPPROPRIATED FUND BALANCE:
REVENUE OVER EXPENDITURES - YTD 1,403.14
BALANCE - CURRENT DATE 1,403.14
TOTAL FUND EQUITY 35,096.30
TOTAL LIABILITIES AND EQUITY 35,096.30
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
DEBT SERVICE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 24
REVENUE
40-30-800 INTEREST EARNINGS 62.33 630.14 .00 ( 630.14).0
40-30-999 CARRYOVER BALANCE .00 773.00 35,539.55 34,766.55 2.2
TOTAL REVENUE 62.33 1,403.14 35,539.55 34,136.41 4.0
TOTAL FUND REVENUE 62.33 1,403.14 35,539.55 34,136.41 4.0
NET REVENUE OVER EXPENDITURES 62.33 1,403.14 35,539.55 34,136.41 4.0
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
WATER FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 25
ASSETS
50-10100 CASH - COMBINED FUND 1,685,918.78
50-11500 A/R CUSTOMER SERVICE CHARGES 268,775.41
50-11560 A/R - DEFERRED PIF 138,600.00
50-16100 LAND 100,000.00
50-16200 BUILDINGS 3,040,174.49
50-16203 WELLS SYSTEM 768,371.74
50-16212 WATER DISTRIBUTION/STORAGE 10,159,161.12
50-16213 WELLS 1,083,397.93
50-16400 EQUIPMENT 353,994.02
50-16500 WATER RIGHTS 645,085.86
50-17900 ACCUMULATED DEPRECIATION ( 237,969.67)
50-17901 ACCUMULATED DEPR - BLDGS& IMPR ( 1,201,844.00)
50-17902 ACCUMULATED DEPR - SYSTEM&IMPR ( 4,510,597.00)
TOTAL ASSETS 12,293,068.68
LIABILITIES AND EQUITY
LIABILITIES
50-20775 DUE TO RENDEZVOUS - TAPS 207,900.00
50-20776 DUE TO GRAND PARK - TAPS 123,200.00
50-21100 ACCRUED PTO AND BENEFITS 6,342.00
50-22910 ROAD CUT SURITY FEES 26,246.25
50-22920 BULK WATER SECURITY DEP 14,900.00
TOTAL LIABILITIES 378,588.25
FUND EQUITY
50-27000 WF COMMITTED RESERVE BALANCE 500,000.00
50-27050 WF STRATEGIC RESERVES 70,825.00
UNAPPROPRIATED FUND BALANCE:
50-29800 RETAINED EARNINGS 10,124,707.69
REVENUE OVER EXPENDITURES - YTD 1,218,947.74
BALANCE - CURRENT DATE 11,343,655.43
TOTAL FUND EQUITY 11,914,480.43
TOTAL LIABILITIES AND EQUITY 12,293,068.68
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
WATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 26
LICENSES & PERMITS
50-32-100 EXCAVATION PERMIT FEES .00 1,375.00 275.00 ( 1,100.00)500.0
TOTAL LICENSES & PERMITS .00 1,375.00 275.00 ( 1,100.00)500.0
CHARGES FOR SERVICES
50-34-100 CUSTOMER SERVICE CHARGES 272,605.24 768,746.32 958,442.10 189,695.78 80.2
50-34-150 PENALTIES & INTEREST ( 118.23)1,669.43 1,000.00 ( 669.43)166.9
50-34-200 PLANT INVESTMENT FEES .00 84,700.00 15,400.00 ( 69,300.00)550.0
50-34-300 WATER METER SALES 6,668.53 44,108.53 70,000.00 25,891.47 63.0
TOTAL CHARGES FOR SERVICES 279,155.54 899,224.28 1,044,842.10 145,617.82 86.1
MISCELLANEOUS REVENUE
50-36-100 INTEREST EARNINGS 3,106.34 27,502.18 6,000.00 ( 21,502.18)458.4
50-36-900 MISCELLANEOUS REVENUE 300.00 2,520.00 2,500.00 ( 20.00)100.8
TOTAL MISCELLANEOUS REVENUE 3,406.34 30,022.18 8,500.00 ( 21,522.18)353.2
OTHER SOURCES & TRANSFERS
50-39-999 UNASSIGNED FUND BALANCE .00 1,007,035.71 617,908.67 ( 389,127.04)163.0
TOTAL OTHER SOURCES & TRANSFERS .00 1,007,035.71 617,908.67 ( 389,127.04)163.0
TOTAL FUND REVENUE 282,561.88 1,937,657.17 1,671,525.77 ( 266,131.40)115.9
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
WATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 27
EXPENDITURES
50-40-110 SALARIES 21,098.43 201,162.37 260,000.00 58,837.63 77.4
50-40-210 HEALTH INSURANCE 5,537.09 43,914.83 68,000.00 24,085.17 64.6
50-40-220 FICA TAX 1,500.35 14,351.24 20,000.00 5,648.76 71.8
50-40-230 RETIREMENT 1,101.44 9,878.35 15,000.00 5,121.65 65.9
50-40-250 UNEMPLOYMENT TAX 62.48 602.99 780.00 177.01 77.3
50-40-280 TRAINING PROGRAMS 121.00 1,536.00 3,000.00 1,464.00 51.2
50-40-290 TRAVEL, MEALS AND LODGING .00 222.60 3,000.00 2,777.40 7.4
50-40-295 MEALS AND ENTERTAINMENT 103.00 458.05 2,000.00 1,541.95 22.9
50-40-310 LEGAL FEES 8,744.00 74,050.79 95,000.00 20,949.21 78.0
50-40-330 ENGINEERING FEES 12,198.58 77,556.43 85,000.00 7,443.57 91.2
50-40-360 COMPUTERS-NETWORKS AND SUPPORT 434.81 7,436.20 7,000.00 ( 436.20)106.2
50-40-370 OTHER PROFESSIONAL SERVICES 997.20 3,320.77 25,000.00 21,679.23 13.3
50-40-430 INSURANCE .00 .00 22,000.00 22,000.00 .0
50-40-440 ADVERTISING .00 .00 500.00 500.00 .0
50-40-460 SYSTEM REPAIR AND MAINT - PROD .00 3,638.56 61,200.00 57,561.44 6.0
50-40-465 SYSTEM REPAIR AND MAINT - DIST 5,589.49 12,204.66 40,000.00 27,795.34 30.5
50-40-490 PROFESSIONAL MEMBERSHIPS 743.00 4,921.50 9,500.00 4,578.50 51.8
50-40-500 OPERATING SUPPLIES-PRODUCTION 377.17 9,349.94 20,000.00 10,650.06 46.8
50-40-505 OPERATING SUPPLIES-DISTRIB 26,937.32 27,562.04 75,000.00 47,437.96 36.8
50-40-510 EQUIPMENT PURCHASE AND REPAIR .00 28,486.60 30,000.00 1,513.40 95.0
50-40-520 TESTING 530.38 1,664.28 5,000.00 3,335.72 33.3
50-40-550 POSTAGE & BILLING SUPPLIES .00 1,050.58 2,500.00 1,449.42 42.0
50-40-560 UTILITIES - TELEPHONE 1,530.49 5,995.64 4,750.00 ( 1,245.64)126.2
50-40-562 UTILITIES - ELECTRICITY 3,362.56 27,243.35 45,000.00 17,756.65 60.5
50-40-670 PROP MGMT - FRASER WTP .00 19.83 4,000.00 3,980.17 .5
50-40-680 PROP MGMT - MARYVALE WTP .00 31.39 4,000.00 3,968.61 .8
50-40-690 MISCELLANEOUS EXPENSE 942.50 1,675.17 2,000.00 324.83 83.8
50-40-715 WATER RIGHTS - DIVERSION & DEV 367.56 12,144.44 25,000.00 12,855.56 48.6
50-40-730 CAPITAL PROJECTS 62,703.33 67,405.83 650,000.00 582,594.17 10.4
50-40-930 TRANSFER TO CERF .00 10,000.00 10,000.00 .00 100.0
50-40-980 TRANSFER TO STRATEGIC RESERVES .00 70,825.00 70,825.00 .00 100.0
TOTAL EXPENDITURES 154,982.18 718,709.43 1,665,055.00 946,345.57 43.2
TOTAL FUND EXPENDITURES 154,982.18 718,709.43 1,665,055.00 946,345.57 43.2
NET REVENUE OVER EXPENDITURES 127,579.70 1,218,947.74 6,470.77 ( 1,212,476.97)18837.
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
WASTEWATER FUND
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 28
ASSETS
55-10100 CASH - COMBINED FUND 5,823,028.19
55-11500 A/R CUSTOMER SERVICE CHARGES 206,245.75
55-11550 A/R- BILLINGS 3,625.00
55-11560 A/R - DEFERRED PIF 135,000.00
55-11900 MISCELLANEOUS RECEIVABLES 11,057.42
55-15950 CAP REPL RES HELD W/JFOC 511,050.60
55-15955 O&M RESERVE HELD W/JFOC 50,085.22
55-16100 LAND 144,320.40
55-16200 SEWER TREATMENT PLANT 3,345,648.89
55-16210 METER BUILDING & IMPROVEMENTS 8,056.39
55-16220 SEWER COLLECTION SYSTEM 11,163,092.75
55-16250 CONSOLIDATED COLLECTION SYSTEM 279,069.00
55-16400 EQUIPMENT 108,789.16
55-17900 ACCUMULATED DEPRECIATION ( 1,224,210.64)
55-17901 ACCUMU DEPR - BLDG IMPROVE ( 8,073.00)
55-17905 ACCUM DEPR - PLANT/JFOC ( 62,790.24)
55-17910 ACCUM DEPR - SEWER COLLECT-FSD ( 4,973,142.89)
55-17915 ACCUM DEPR-EQUIPMENT ( 73,086.17)
TOTAL ASSETS 15,447,765.83
LIABILITIES AND EQUITY
LIABILITIES
55-20210 ACCRUED A/P - AUDIT 6,470.21
55-21100 ACCRUED PTO AND BENEFITS 11,093.00
TOTAL LIABILITIES 17,563.21
FUND EQUITY
55-27000 WWF COMMITTED RESERVE BAL-O&M 500,000.00
55-27010 WWF COMMITTED RESERVE BAL-CAP 221,000.00
55-27020 WWF COMMITTED RESERVE BAL-JFF 330,000.00
55-27030 WWF COMMITTED RESERVE - PLANT 1,050,000.00
55-27050 WWF STRATEGIC RESERVES 1,000,000.00
UNAPPROPRIATED FUND BALANCE:
55-29800 RETAINED EARNINGS 9,368,035.52
55-29810 RETAINED EARNINGS - UNRESTRICT 59,753.00
55-29820 RETAINED EARNINGS - RESTRICTED 701,475.11
REVENUE OVER EXPENDITURES - YTD 2,199,938.99
BALANCE - CURRENT DATE 12,329,202.62
TOTAL FUND EQUITY 15,430,202.62
TOTAL LIABILITIES AND EQUITY 15,447,765.83
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
WASTEWATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 29
CHARGES FOR SERVICES
55-34-100 CUSTOMER SERVICE CHARGES 208,177.29 617,381.04 861,113.40 243,732.36 71.7
55-34-150 PENALTIES & INTEREST ( 114.21)1,524.41 1,000.00 ( 524.41)152.4
55-34-200 PLANT INVESTMENT FEES 37,500.00 330,000.00 375,000.00 45,000.00 88.0
TOTAL CHARGES FOR SERVICES 245,563.08 948,905.45 1,237,113.40 288,207.95 76.7
MISCELLANEOUS REVENUE
55-36-100 INTEREST EARNINGS 10,288.97 104,679.28 18,500.00 ( 86,179.28)565.8
55-36-500 JFF MANAGEMENT FEE 7,250.00 21,750.00 29,000.00 7,250.00 75.0
TOTAL MISCELLANEOUS REVENUE 17,538.97 126,429.28 47,500.00 ( 78,929.28)266.2
OTHER SOURCES & TRANSFERS
55-39-999 UNASSIGNED FUND BALANCE .00 3,171,265.88 3,452,626.56 281,360.68 91.9
TOTAL OTHER SOURCES & TRANSFERS .00 3,171,265.88 3,452,626.56 281,360.68 91.9
TOTAL FUND REVENUE 263,102.05 4,246,600.61 4,737,239.96 490,639.35 89.6
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 9 MONTHS ENDING SEPTEMBER 30, 2019
WASTEWATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 30
EXPENDITURES
55-40-110 SALARIES 21,320.89 203,338.46 270,000.00 66,661.54 75.3
55-40-210 HEALTH INSURANCE 5,529.73 43,987.10 70,000.00 26,012.90 62.8
55-40-220 FICA TAX 1,521.58 14,553.20 20,655.00 6,101.80 70.5
55-40-230 RETIREMENT 1,101.33 9,890.59 16,200.00 6,309.41 61.1
55-40-250 UNEMPLOYMENT TAX 63.26 610.49 810.00 199.51 75.4
55-40-280 TRAINING PROGRAMS .00 85.00 2,500.00 2,415.00 3.4
55-40-290 TRAVEL, MEALS AND LODGING .00 .00 2,500.00 2,500.00 .0
55-40-295 MEALS AND ENTERTAINMENT .00 .00 2,000.00 2,000.00 .0
55-40-310 LEGAL FEES .00 .00 5,000.00 5,000.00 .0
55-40-330 ENGINEERING FEES .00 .00 30,000.00 30,000.00 .0
55-40-360 COMPUTERS-NETWORKS AND SUPPORT 434.81 5,168.36 7,000.00 1,831.64 73.8
55-40-370 OTHER PROFESSIONAL SERVICES 997.20 3,320.77 10,000.00 6,679.23 33.2
55-40-410 BANK CHARGES .00 .00 100.00 100.00 .0
55-40-430 INSURANCE .00 .00 7,000.00 7,000.00 .0
55-40-440 ADVERTISING .00 .00 500.00 500.00 .0
55-40-460 SYSTEM REPAIR AND MAINT-COLLEC .00 66,586.13 150,000.00 83,413.87 44.4
55-40-490 PROFESSIONAL MEMBERSHIPS .00 5,050.50 6,000.00 949.50 84.2
55-40-500 OPERATING SUPPLIES-COLLECTIONS .00 .00 5,000.00 5,000.00 .0
55-40-510 EQUIPMENT PURCHASE AND REPAIR .00 169.61 5,500.00 5,330.39 3.1
55-40-520 TESTING .00 .00 1,000.00 1,000.00 .0
55-40-550 POSTAGE & BILLING SUPPLIES .00 994.48 2,500.00 1,505.52 39.8
55-40-560 UTILITIES - TELEPHONE 225.65 1,976.10 2,000.00 23.90 98.8
55-40-650 WW TREATMENT CHARGES/JFOC 24,111.39 147,690.42 260,000.00 112,309.58 56.8
55-40-660 JFF CAPREPL RESERVE .00 459,945.00 2,095,305.00 1,635,360.00 22.0
55-40-690 MISCELLANEOUS EXPENSE .00 612.77 2,000.00 1,387.23 30.6
55-40-730 CAPITAL PROJECTS .00 22,682.64 250,000.00 227,317.36 9.1
55-40-930 TRANSFER TO CERF .00 10,000.00 10,000.00 .00 100.0
55-40-970 TRANSFER TO RESERVES .00 50,000.00 50,000.00 .00 100.0
55-40-980 TRANSFER TO STRATEGIC RESERVES .00 1,000,000.00 1,000,000.00 .00 100.0
TOTAL EXPENDITURES 55,305.84 2,046,661.62 4,283,570.00 2,236,908.38 47.8
TOTAL FUND EXPENDITURES 55,305.84 2,046,661.62 4,283,570.00 2,236,908.38 47.8
NET REVENUE OVER EXPENDITURES 207,796.21 2,199,938.99 453,669.96 ( 1,746,269.03)484.9
TOWN OF FRASER
BALANCE SHEET
SEPTEMBER 30, 2019
GENERAL FIXED ASSETS
FOR ADMINISTRATION USE ONLY 75 % OF THE FISCAL YEAR HAS ELAPSED 11/12/2019 03:36PM PAGE: 31
ASSETS
91-16100 LAND 730,630.35
91-16200 ADMINISTRATION BUILDING 208,379.39
91-16203 MAINTENANCE BUILDING 57,722.51
91-16208 HOUSE - 400 DOC SUSIE AVE 54,839.27
91-16209 VISITOR CENTER 183,895.00
91-16211 BUSBARN & 105 FRASER AVE HOUSE 100,000.00
91-16250 CHURCH 267,000.00
91-16306 PARKS 367,800.08
91-16311 STREET IMPROVEMENTS 3,439,840.00
91-16312 HIGHWAY 40 PATH 8,872.00
91-16490 EQUIPMENT - OTHER 872,015.00
91-16500 OFFICE EQUIPMENT 57,261.75
91-17900 ACCUMULATED DEPRECIATION ( 2,260,048.61)
TOTAL ASSETS 4,088,206.74
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
91-29800 INVESTMENT IN FIXED ASSETS 4,088,206.74
BALANCE - CURRENT DATE 4,088,206.74
TOTAL FUND EQUITY 4,088,206.74
TOTAL LIABILITIES AND EQUITY 4,088,206.74