HomeMy Public PortalAboutTBP 2022-04-20Board of Trustees
Regular Meeting Agenda
Fraser Town Hall, 153 Fraser Avenue and Virtually
Wednesday April 20, 2022
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
Watch the meeting live on Fraser's YouTube
Channel https://www.youtube.com/channel/UCs5aHnl7d -kk0j1cxV28DSg
Participate in the meeting through our virtual platform
Zoom Meeting Information
https://us02web.zoom.us/j/2590408013
Meeting ID:259 040 8013
Phone 1 -346 -248 -7799
Workshop - Development Code Update
Roll Call
Elected Official Oath Of Office
Thank You To Trustee Andy Miller
Approval Of Agenda
Consent Agenda
Minutes April 6, 2022
TBM 2022 -04 -06.Pdf
Sign In Sheet April 6, 2022.Pdf
Discussion And Possible Action Regarding
Camber Brewing Special Event Permit Application
Camber Brewery SEP Briefing.pdf
2022 Camber Brewing.pdf
Resolution 2022 -04 -04 Municipal Appointments
Resolution 2022 -04 -04 Municipal Appointments.pdf
Resolution 2022 -04 -05 Appointment Of The Mayor Pro -Tem
Resolution 2022 -04 -05 Mayor Pro -Tem.pdf
Resolution 2022 -04 -07 Grant Agreement For Operation Turnkey
Grant For Procurement Of Victoria Village - Michael
Resolution 2022 -04 -07 Authorizing The Town Manager To Sign OTK
Grant Agreement.pdf
Resolution 2022 -04 -06 Authorizing The Town Manager To Sign
Bridge Loan Documents - Michael
Resolution 2022 -04 -06 Authorizing The Town Manager To Sign Bridge
Loan Documents.pdf
DOLA Attachment K - Signatory Authority For OTK Grant Funds.pdf
Resolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley
Housing Partnership - Michael
Resolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley
Housing Partnership.pdf
Intergovernmental Agreement Fraser Valley Housing Partnership
4.8.22.4.57.Pdf
Byers Avenue Waterline Replacement And Effects On Service Lines
Update - Russell
Cozens Open Space Bathroom Update - Russell
Authorized Users Update For Town Accounts
Open Forum
a) Business not on the agenda (If you would like to request time on the
agenda please contact the Town Clerk)
Updates
Explore Fraser Website - Sarah
Financials
TOF 01 - January 2022 Financial Statements - Preliminary.pdf
Executive Session
For discussion of a personnel matter under C.R.S. Section 24 -6 -402(4)(f)
(I) and not involving any specific employees who have requested
discussion of the matter in open session. Regarding Personnel
Adjourn
UPCOMING MEETING
WEDNESDAY, MAY 4, 2022 BOARD OF TRUSTEES
Please contact the Town Clerk to request accommodations to assist people with
disabilities to participate in public meetings. Listening devices for people with
hearing impairment are available upon request.
Town Clerk, Antoinette McVeigh 970 -531 -9943 or amcveigh@town.fraser.co.us
1.6:00 P.M.
2.7:00 P.M.
3.
4.
5.
6.
a.
Documents:
7.
a.
Documents:
b.
Documents:
c.
Documents:
d.
Documents:
e.
Documents:
f.
Documents:
g.
h.
i.
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9.
a.
b.
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10.
11.
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 Trustees Regular Meeting Agenda Fraser Town Hall, 153 Fraser Avenue and Virtually Wednesday April 20, 2022 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 Watch the meeting live on Fraser's YouTube Channel https://www.youtube.com/channel/UCs5aHnl7d -kk0j1cxV28DSg Participate in the meeting through our virtual platform Zoom Meeting Informationhttps://us02web.zoom.us/j/2590408013 Meeting ID:259 040 8013 Phone 1 -346 -248 -7799Workshop- Development Code UpdateRoll CallElected Official Oath Of OfficeThank You To Trustee Andy MillerApproval Of AgendaConsent AgendaMinutes April 6, 2022TBM 2022 -04 -06.PdfSign In Sheet April 6, 2022.PdfDiscussion And Possible Action Regarding
Camber Brewing Special Event Permit Application
Camber Brewery SEP Briefing.pdf
2022 Camber Brewing.pdf
Resolution 2022 -04 -04 Municipal Appointments
Resolution 2022 -04 -04 Municipal Appointments.pdf
Resolution 2022 -04 -05 Appointment Of The Mayor Pro -Tem
Resolution 2022 -04 -05 Mayor Pro -Tem.pdf
Resolution 2022 -04 -07 Grant Agreement For Operation Turnkey
Grant For Procurement Of Victoria Village - Michael
Resolution 2022 -04 -07 Authorizing The Town Manager To Sign OTK
Grant Agreement.pdf
Resolution 2022 -04 -06 Authorizing The Town Manager To Sign
Bridge Loan Documents - Michael
Resolution 2022 -04 -06 Authorizing The Town Manager To Sign Bridge
Loan Documents.pdf
DOLA Attachment K - Signatory Authority For OTK Grant Funds.pdf
Resolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley
Housing Partnership - Michael
Resolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley
Housing Partnership.pdf
Intergovernmental Agreement Fraser Valley Housing Partnership
4.8.22.4.57.Pdf
Byers Avenue Waterline Replacement And Effects On Service Lines
Update - Russell
Cozens Open Space Bathroom Update - Russell
Authorized Users Update For Town Accounts
Open Forum
a) Business not on the agenda (If you would like to request time on the
agenda please contact the Town Clerk)
Updates
Explore Fraser Website - Sarah
Financials
TOF 01 - January 2022 Financial Statements - Preliminary.pdf
Executive Session
For discussion of a personnel matter under C.R.S. Section 24 -6 -402(4)(f)
(I) and not involving any specific employees who have requested
discussion of the matter in open session. Regarding Personnel
Adjourn
UPCOMING MEETING
WEDNESDAY, MAY 4, 2022 BOARD OF TRUSTEES
Please contact the Town Clerk to request accommodations to assist people with
disabilities to participate in public meetings. Listening devices for people with
hearing impairment are available upon request.
Town Clerk, Antoinette McVeigh 970 -531 -9943 or amcveigh@town.fraser.co.us
1.6:00 P.M.2.7:00 P.M.3.4.5.6.a.Documents:7.
a.
Documents:
b.
Documents:
c.
Documents:
d.
Documents:
e.
Documents:
f.
Documents:
g.
h.
i.
8.
9.
a.
b.
Documents:
10.
11.
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 Trustees Regular Meeting Agenda Fraser Town Hall, 153 Fraser Avenue and Virtually Wednesday April 20, 2022 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 Watch the meeting live on Fraser's YouTube Channel https://www.youtube.com/channel/UCs5aHnl7d -kk0j1cxV28DSg Participate in the meeting through our virtual platform Zoom Meeting Informationhttps://us02web.zoom.us/j/2590408013 Meeting ID:259 040 8013 Phone 1 -346 -248 -7799Workshop- Development Code UpdateRoll CallElected Official Oath Of OfficeThank You To Trustee Andy MillerApproval Of AgendaConsent AgendaMinutes April 6, 2022TBM 2022 -04 -06.PdfSign In Sheet April 6, 2022.PdfDiscussion And Possible Action RegardingCamber Brewing Special Event Permit ApplicationCamber Brewery SEP Briefing.pdf2022 Camber Brewing.pdfResolution 2022 -04 -04 Municipal Appointments Resolution 2022 -04 -04 Municipal Appointments.pdfResolution 2022 -04 -05 Appointment Of The Mayor Pro -TemResolution 2022 -04 -05 Mayor Pro -Tem.pdfResolution 2022 -04 -07 Grant Agreement For Operation Turnkey Grant For Procurement Of Victoria Village - MichaelResolution 2022 -04 -07 Authorizing The Town Manager To Sign OTK Grant Agreement.pdfResolution 2022 -04 -06 Authorizing The Town Manager To Sign Bridge Loan Documents - MichaelResolution 2022 -04 -06 Authorizing The Town Manager To Sign Bridge Loan Documents.pdfDOLA Attachment K - Signatory Authority For OTK Grant Funds.pdfResolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley Housing Partnership - MichaelResolution 2022 -04 -08 Approving An IGA Establishing Fraser Valley Housing Partnership.pdfIntergovernmental Agreement Fraser Valley Housing Partnership 4.8.22.4.57.PdfByers Avenue Waterline Replacement And Effects On Service Lines Update - RussellCozens Open Space Bathroom Update - RussellAuthorized Users Update For Town AccountsOpen Foruma) Business not on the agenda (If you would like to request time on the
agenda please contact the Town Clerk)
Updates
Explore Fraser Website - Sarah
Financials
TOF 01 - January 2022 Financial Statements - Preliminary.pdf
Executive Session
For discussion of a personnel matter under C.R.S. Section 24 -6 -402(4)(f)
(I) and not involving any specific employees who have requested
discussion of the matter in open session. Regarding Personnel
Adjourn
UPCOMING MEETING
WEDNESDAY, MAY 4, 2022 BOARD OF TRUSTEES
Please contact the Town Clerk to request accommodations to assist people with
disabilities to participate in public meetings. Listening devices for people with
hearing impairment are available upon request.
Town Clerk, Antoinette McVeigh 970 -531 -9943 or amcveigh@town.fraser.co.us
1.6:00 P.M.2.7:00 P.M.3.4.5.6.a.Documents:7.a.Documents:b.Documents:c.Documents:d.Documents:e.Documents:f.Documents:g.h.i.8.
9.
a.
b.
Documents:
10.
11.
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
FRASER BOARD OF TRUSTEES
MINUTES
DATE:April 6, 2022
MEETING:Board of Trustees Regular Meeting
PLACE:Fraser Town Hall Board Room and Virtually
PRESENT
Board:Mayor Philip Vandernail; Mayor Pro-Tem Eileen Waldow; Trustees; Andy
Miller, Brian Cerkvenik, Katie Soles, Parnell Quinn (arrived at 6:08 p.m.)
and Kaydee Fisher
Staff:Town Manager, Ed Cannon; Town Clerk, Antoinette McVeigh; Assistant
Town Manager, Michael Brack; Town Planner, Catherine Trotter; Public
Works Director, Russell Pennington; Water Wastewater Superintendent,
Adam Cwiklin
Others:See attached list
Mayor Vandernail called the meeting to order at 6:04 p.m.
1.Rollcall: Mayor Philip Vandernail; Mayor Pro-Tem Eileen Waldow; Trustees; Andy
Miller, Brian Cerkvenik, Katie Soles, Kaydee Fisher
2.Approval of Agenda:
Trustee Soles moved, and Trustee Waldow seconded the motion to approve the
agenda. Motion carried: 6-0.
3.Consent Agenda:
a)Minutes March 16, 2022
b)Regional Housing Authority Workshop Minutes March 14, 2022
c)Resolution 2022-04-01 Kona Ice Facility Usage Permit
d)Middle Park Health Letter of Support
Trustee Miller moved, and Trustee Soles seconded the motion to approve the consent
agenda. Motion carried: 6-0.
4.Welcome Rob Clemens, Finance Director
5.Public Hearing And Possible Action
a)Waldron Minor Subdivision and Conditional Use Permit
Trustee Soles moved, and Trustee Miller seconded the motion to open the continued
public hearing regarding Waldron Minor Subdivision and Conditional Use Permit. Motion
carried: 6-0.
Page 2 of 3
Town Planner Trotter informed the board this public hearing was continued from
February 16, 2022, and the applicant has withdrawn the application.
No public comment was taken
Trustee Miller moved, and Trustee Waldow seconded the motion to close the continued
public hearing regarding Waldron Minor Subdivision and Conditional Use Permit Motion
carried: 6-0.
6.Discussion and Possible Action:
a)Grand County Library District 2021 Year End - Polly Gallagher
Executive Director Polly Gallagher presented to the Board.
b)Resolution 2022-04-02 Sanitary Sewer Maintenance and Repair
Trustee Miller moved, and Trustee Waldow seconded the motion to approve Resolution
2022-04-02 Sanitary Sewer Maintenance and Repair Motion carried: 7-0.
c)Resolution 2022-04-03 Fraser Well Cleaning and Maintenance
Trustee Miller moved, and Trustee Cerkvenik seconded the motion to approve
Resolution 2022-04-03 Fraser Well Cleaning and Maintenance Motion carried: 7-0.
7. Open Forum:
a) The Board thanked Adam Cwiklin for his employment with the Town.
b)Julie George, waterline replacement of Byers Avenue
8.Updates
a) Colorado Parks And Wildlife Grant Update – Planner Trotter confirmed the town
received the Grant for $250,000.
b)East Grand Fire Department 2021 Year End, Fire Chief Todd Holzworth and Fire
Marshal Dennis Soles presented to the Board.
9. 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 Including Town Attorney Kent Whitmer, Town Manager Ed
Cannon, Town Planner Catherine Trotter, Assistant Town Manager Michael Brack,
Special Attorney Andy Nathan
Trustee Miler moved, and Trustee Soles seconded the motion to open the Executive
Session at 7:05 p.m. Motion carried: 7-0.
Trustee Miller moved, and Trustee Waldow seconded the motion to close the Executive
Session at 8:25 p.m. Motion carried: 7-0.
Page 3 of 3
Attorney’s Opinion Required by C.R.S. 24-6-402(2)(d.5)(II)(B). As the attorney
representing the Town of Fraser, I am of the opinion that the entire executive session,
which was not recorded, constituted a privileged attorney-client communication.
_______________________________
Kent Whitmer, Town Attorney
10.Adjourn:
Trustee Miller moved, and Trustee Soles seconded the motion to adjourn. Motion
carried: 7-0. Meeting adjourned at 8:26 p.m.
_____________________________
Antoinette McVeigh, Town Clerk
TOWN BOARD REGULAR MEETING
REGISTRATION SHEET
APRIL 6, 2022
The Public Forum is an opportunity for the public to present their concerns and recommendations regarding Town Government issues to
the Town Board. Those wishing to address the Town Board will be allowed a five-minute presentation. A maximum of six (6) people will
be allowed to address the Town Board at each Public Forum. If a topic that you wish to discuss has been scheduled for a formal Town
Board Meeting, we would ask that you reserve your remarks for that specific date and time. Topics that are in litigation with the Town will
not be heard during this forum. All presenters are urged to: (1) state the concern; and (2) list possible solutions. Please keep the
following guidelines in mind:
• Remarks that discriminate against anyone or adversely reflect upon the race, color, ancestry, religious creed, national origin, political
affiliation, disability, sex, or marital status of any person are out of orderand may end the speaker's privilege to address the Board.
• Defamatory or abusive remarks or profanity are out of order and will not be tolerated.
Anyone attending Town Board meetings must sign in to ensure accurate records and minutes. Sign your name, address, and email on
the sign in sheet. Thank you for your cooperation.
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Town of Fraser
PO Box 370, Fraser, CO 80442 office 970-726-5491 fax 970-726-5518
www.frasercolorado.com
MEMO TO:Mayor Vandernail and the Board of Trustees
FROM:Antoinette McVeigh, CMC Town Clerk
DATE:April 20, 2022
SUBJECT:Special Event Permit, Camber Brewery
MATTER BEFORE BOARD:
Camber Brewery has submitted an application for a special event permit. The event will
take place Saturday April 30, 2022, from 3pm-9pm.
ACTION REQUESTED:
The brewery would like to close the alley south of the building to erect a music stage.
The alley will not be used to consume alcohol beverages, these beverages will remain
on the licensed premise.
BACKGROUND:
The alley is a right-of-way that town owns therefor, Town Board approval is required.
The Police Chief and Public Works Director have approved the permit. The Town will
provide barriers to be placed at each end of the alley, to the west and east to Highway
40. Camber will provide a Certificate of Insurance naming the Town as an additional
insured and pay the $20 fee. Camber Staff will be monitoring the event to be sure no
person leaves the licensed premises with alcoholic beverages.
ALTERNATIVES:
Deny the Special Event Permit
RECOMMENDATION:
Staff recommends approving the Special Event Permit for Camber Brewing on April 30,
2022, from 3pm-9pm.
TOWN OF FRASER
RESOLUTION NO. 2022-04-04
A RESOLUTION CONFIRMING APPOINTMENTS TO THE
TOWN CLERK, TOWN ATTORNEY, TOWN TREASURER, MUNICIPAL JUDGE
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT: The following officers are hereby appointed, without bond, to serve until
the next regular election of the Board of Trustees and until their respective successors are
appointed and qualify:
1.Town Clerk:
2.Town Attorney:
3.Town Treasurer:
4.Municipal Judge:
5.Alternate Municipal Judge:
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF APRIL 2022.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
Absent:___BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2022-04-05
A RESOLUTION CONFIRMING APPOINTMENT OF THE
MAYOR PRO-TEM
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT:
WHEREAS: The following individual is appointed as the Mayor Pro-Tem
1.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF April 2022.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
Absent:___BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2022-04-07
A RESOLUTION AUTHORIZING THE TOWN MANAGER TO SIGN THE GRANT
AGREEMENT FOR OPERATION TURNKEY GRANT FUNDS FOR THE PROCUREMENT OF
VICTORIA VILLAGE
WHEREAS, the Colorado Department of Local Affairs, Division of Housing has awarded
the Town of Fraser $3,040,000 in grant funds through the Operation Turnkey (OTK) Grant
Program for the acquisition of the Victoria Village subdivision for the primary purpose of
developing affordable housing in Fraser.
WHEREAS, the Colorado Division of Housing requires an adopted resolution from a
local municipal elected body to authorize anyone other than the chief elected official to sign
grant agreements that receive state funds.
WHEREAS, the Town Manager and Town Staff are familiar and ready to adhere to the
grant requirements and terms set forth by the OTK grant agreement between the Town of
Fraser and the Colorado Division of Housing.
WHEREAS, staff recommends authorizing the Town Manager to sign the OTK grant
agreement so that the agreement can be signed promptly following review by the Town
Attorney.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Manager is authorized to sign the Operation Turnkey Grant for grant funding
in the amount of $3,040,000 following approved review by the Town Attorney.
READ, PASSED ON ROLL CALL VOTE, AND ADTOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF April, 2022.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
Absent:___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
TOWN OF FRASER
RESOLUTION NO. 2022-04-06
A RESOLUTION AUTHORIZING THE TOWN MANAGER TO SIGN FINANCIAL FORMS AND
DOCUMENTS TO APPLY AND ACQUIRE A LOAN FOR THE PROCUREMENT OF VICTORIA
VILLAGE UNTIL FUNDS ARE DEPOSITED BY OPERATION TURNKEY GRANT FUNDS
FROM THE DIVISION OF LOCAL AFFAIRS
WHEREAS, the Colorado Department of Local Affairs, Division of Housing has awarded
the Town of Fraser $3,040,000 in grant funds through the Operation Turnkey (OTK) Grant
Program for the acquisition of the Victoria Village subdivision for the primary purpose of
developing affordable housing in Fraser.
WHEREAS, the Colorado Division of Housing will not be able to provide the awarded
grant funds needed to allow the Town of Fraser to procure Victoria Village on the scheduled
closing date of May 20th.
WHEREAS, the Colorado Division of Housing expects funds to be provided to reimburse
the Town of Fraser’s financial obligations by July 2022.
WHEREAS, the Operation Turnkey Grant award letter received from the Division of
Housing on March 3, 2022 allows grant funds to be used for acquisition costs or repayment of a
bridge loan for acquisition costs.
WHEREAS, the Town Manager and Staff will need to act promptly with available bridge
loan providers to secure funds needed so that the Town of Fraser can meet its closing
requirements.
WHEREAS, staff recommends authorizing the Town Manager to sign financial
documents related to applications and loan agreements so that funds can be deposited
promptly following review by the Town Attorney.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The Town Manager is authorized to sign financial loan applications and documents
related to the procurement of a loan needed to allow the Town of Fraser to meet its
financial obligations on the scheduled closing date of May 20, 2022, for the acquisition of
Victoria Village for the primary purpose of affordable housing development. The loan
amount is not to exceed $3,040,000, the length of the loan is not to exceed 6 months,
and any loan agreement must follow approved review by the Town Attorney.
READ, PASSED ON ROLL CALL VOTE, AND ADTOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF April, 2022.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
Absent:___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
RESOLUTIONTO APPLY AND SIGNATORY AUTHORITY AND
DELEGATION OF SIGNATORY AUTHORITY
Date: April 20, 2022
WHEREAS, the Town of Fraser, Colorado has approved an application t o the
Colorado Department of Local Affairs/Division of Housing for funds for Victoria Village
Land Acquisition; and
WHEREAS, the Town of Fraser and the Fraser Board of Trustees certifies by
(please attach backup documentation)
that the person named below has full signatory authority in regard t o
all contracts and corresponding documents associated with
agreements entered into by the Town of Fraser, Colorado
Ed Cannon
Name of Authorized Signatory
Town Manager, Town of Fraser______________________________________
Title
Signature
Furthermore, if applicable, this statement certifies and hereafter delegates
Ed Cannon, Town Manager, Town of Fraser, an agent of the Town of Fraser,
Colorado for the purpose of authorizing and signing:
X Payment Requests
X Quarterly Financial Status
Reports
Board Resolution Bylaws Policy Other:X
X Quarterly Project Performance
Reports
X Monitoring Documents
Other
DOH Asset Manager will complete the following
The above designation will commence on the date of this statement and will
apply for the duration of the Contract(s):
Contract Encumbrance Number or Reference
TOWN OF FRASER
RESOLUTION NO. 2022-04-08
A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT AMONG THE
TOWN OF WINTER PARK,THE TOWN OF FRASER,THE TOWN OF GRANBY,AND GRAND
COUNTY,COLORADO ESTABLISHING THE FRASER RIVER VALLEY HOUSING
PARTNERSHIP
WHEREAS,pursuant to Article XIV,Section 18,of the Colorado Constitution and C.R.S.
§29-1-203,governments may cooperate or contract with one another to provide any function,
service, or facility lawfully authorized to each;
WHEREAS,pursuant to C.R.S.§29-1-204.5,any combination of home rule or statutory
cities,towns,counties,and cities and counties of this state may,by contract with each other,
establish a separate governmental entity to be known as a multijurisdictional housing authority;
WHEREAS,pursuant to C.R.S.§29-1-204.5,any combination of home rule or statutory
cities,towns,counties,and cities and counties of this state may,by contract with each other,
establish a separate governmental entity to be known as a multijurisdictional housing authority;
WHEREAS,Winter Park and Fraser approved a memorandum of understanding in
October 2021,forming an initial working group and allocating funding to pursue a regional
housing authority;
WHEREAS,Winter Park,Fraser,Granby,and Grand County approved a first
amendment to the Memorandum of Understanding in January 2022,formally adding Granby
and Grand County to the working group;
WHEREAS,a joint meeting of all of the parties on March 14,2022,considered the
proposed Intergovernmental Agreement;
WHEREAS,Winter Park,Fraser,Granby and Grand County recognize the benefits and
advantages obtained by working together to establish and create a multijurisdictional housing
authority to provide affordable housing projects or programs for local low or moderate income
families and for employees of local employers; and
WHEREAS,the Town Board desires to participate in the establishment of a
multijurisdictional housing authority serving the interests of residents of Winter Park,Fraser,
Granby and Grand County.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1.The intergovernmental agreement among the towns of Winter Park,Fraser,
Granby and Grand County,Colorado,forming the Fraser River Valley Housing Partnership is
hereby approved in substantially the form attached hereto,subject to final approval by the Town
Attorney.Upon such approval,the Mayor is authorized to execute the Intergovernmental
Agreement on behalf of the Town.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF April, 2022.
Votes in favor: ___BOARD OF TRUSTEES OF THE
Votes opposed: ___TOWN OF FRASER, COLORADO
Abstained: ___
Absent:___
BY:
Mayor
ATTEST:
(S E A L)
Town Clerk
INTERGOVERNMENTAL AGREEMENT
ESTABLISHING THE
FRASER RIVER VALLEY HOUSING PARTNERSHIP
THIS INTERGOVERNMENTAL AGREEMENT is entered into as of the Effective
Date defined below by and among the TOWN OF WINTER PARK, whose address is 50
Vazquez Road, Winter Park, CO 80482 (“Winter Park ”); the TOWN OF FRASER, whose
address is 153 Fraser Avenue, Fraser, CO, 80442 (“Fraser”);the TOWN OF GRANBY, whose
address is Zero, Jasper Avenue, Granby CO, 80446 (“Granby”); and GRAND COUNTY,
COLORADO, whose address is 308 Byers Avenue Hot Sulphur Springs, CO 80451 (“Grand
County”) (collectively, the “Parties”).
RECITALS
A.Winter Park, Fraser, Granby and Grand County have all experienced rapid growth
over the last decade and, consequently, the demand for affordable housing has grown to exceed
the available supply;
B.The majority of counties and many cities within Colorado have addressed such
housing issues through the creation of housing authorities, whose purpose it is to effect the
planning, financing, acquisition, construction, reconstruction or repair, maintenance,
management, and operation of housing projects or programs pursuant to a multijurisdictional
plan;
C.The provisions of Section 18 of Article XIV of the Colorado Constitution and
C.R.S. § 29-1-203, allow Colorado local governments to cooperate or contract with one another
to provide any function, service or facility lawfully authorized to each local government.
D.The provisions of C.R.S. § 29-1-204.5 allow Colorado local governments to
contract with each other to establish a separate governmental entity to be known as a
multijurisdictional housing authority.
E.A multijurisdictional housing authority established pursuant to C.R.S. § 29-1-
204.5 may be used by the contracting local governments to effect the planning, financing,
acquisition, construction, reconstruction or repair, maintenance, management, and operation of
housing projects or programs pursuant to a multijurisdictional plan to provide: (a) dwelling
accommodations at rental prices or purchase prices within the means of families of low or
moderate income; and (b) affordable housing projects or programs for employees of employers
located within the jurisdiction of the authority.
F.Winter Park, Fraser, Granby and Grand County recognize the benefits and
advantages obtained by working together to establish and create a multijurisdictional housing
authority to provide affordable housing projects or programs for local low or moderate income
families and for employees of local employers, and therefore desire to participate with one
another in the establishment of a multijurisdictional housing authority serving the interests of
residents of Winter Park, Fraser, Granby and Grand County.
2
NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and
obligations herein set forth, the parties hereby mutually agree as follows:
ARTICLE I.
ESTABLISHMENT OF AUTHORITY
Section 1.1 Establishment and Name of Authority . The parties hereby
establish a multijurisdictional housing authority to be known as the “Fraser River Valley
Housing Partnership” (the “Authority”).
Section 1.2 Purpose . The purpose of the Authority shall be to effect the
planning, financing, acquisition, construction, reconstruction or repair, maintenance,
management, and operation of housing projects or programs in Winter Park, Fraser, Granby and
Grand County, to: (a) provide dwelling accommodations at rental prices or purchase prices
within the means of families of low or moderate income; (b) provide affordable housing projects
or programs for employees of employers located within the jurisdiction of the Authority:
(c) administer housing voucher program funded through the U.S. Department of Housing and
Urban Development or other similar programs; and (d) provide mixed income or mixed use
properties that facilitate either of the purposes set forth in Section 1.2(a) or (b).
Section 1.3 Functions or Services . The functions and services of the
Authority include but are not necessarily limited to the following:
a.Provide leadership, advocacy, public affairs, and advice on housing policy;
b.Advise local governments of the practical applications of local housing policy and
infrastructure needs;
c.Review development proposals and participate as appropriate;
d.Facilitate partnerships to create housing;
e.Allocate funds for eligible housing projects;
f.Facilitate the establishment of a housing land trust;
g.Identify and facilitate the acquisition of vacant land that may be developed for
affordable housing;
h.Identify financing opportunities;
i.Propose ballot initiatives;
j.Acquire existing housing or other real estate to assure retention of or conversion
to affordable housing stock;
k.Acquire land and obtain development approvals. Issue requests for proposals for
private sectors and non-profit entities to build;
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l.Develop new for-sale or rental affordable housing;
m.Rehabilitate existing housing;
n.Manage affordable housing properties;
o.Administer housing voucher program;
p.Construct Infrastructure to serve affordable housing; and
q.Issue tax-exempt bonds for affordable housing
Section 1.4 Boundaries . The boundaries of the Authority shall be the
Fraser Valley Metro Recreation District Boundary and the Municipal Boundaries of the Town of
Granby, which boundaries are depicted on the map attached hereto as Exhibit A, unless said
boundaries are modified by the Authority.
Section 1.5 Separate Entity . The Authority shall be a political
subdivision of the state, a governmental authority separate and apart from the parties, and shall
be a validly created and existing political subdivision and public corporation of the state,
irrespective of whether a party to this Agreement terminates its participation (whether
voluntarily, by operation of law, or otherwise) in the Authority subsequent to its creation under
circumstances not resulting in the rescission or termination of this Agreement establishing the
Authority. It shall have the duties and the privileges, immunities, rights, liabilities and
disabilities of a public body politic and corporate. The Authority may deposit and invest its
moneys in the manner provided in this Agreement. The bonds, notes and other obligations of the
Authority shall not be the debts, liabilities or obligations of the parties. Further, the parties to this
Agreement do not waive or limit their right or ability to pursue their own individual affordable
housing projects separate and apart from the Authority.
Section 1.6 Term . The term of the Authority shall be continuous until
terminated or rescinded in the manner set forth in Section 6.1.
ARTICLE II.
POWERS
Section 2.1 Powers of Authority . The Authority shall have the
following general powers:
a.To plan, finance, acquire, construct, reconstruct or repair, maintain, manage, and
operate housing projects and programs pursuant to a multijurisdictional or individual jurisdiction
plan within the means of families of low or moderate income;
b.To plan, finance, acquire, construct, reconstruct or repair, maintain, manage, and
operate affordable housing projects or programs for employees of employers located within the
boundaries of the Authority;
4
c.To make and enter into contracts with any person, including, without limitation,
contracts with state or federal agencies, private enterprises, and nonprofit organizations also
involved in providing such housing projects or programs or the financing for such housing
projects or programs, irrespective of whether such agencies are parties to this Agreement;
d.To employ agents and employees and to set the salaries of same;
e.To cooperate with state and federal governments in all respects concerning the
financing of such housing projects and programs;
f.To acquire, hold, lease (as lessor or lessee), sell, or otherwise dispose of any real
or personal property, commodity, or service;
g.To condemn property for public use, if such property is not owned by any
governmental entity or any public utility and devoted to public use pursuant to state authority;
h.To levy, in all of the area within the boundaries of the Authority, a sales or use
tax, or both, upon every transaction or other incident with respect to which a sales or use tax is
levied by the state, as more fully described in Section 4.2 and Section 4.3 of this Agreement;
i.To levy, in all of the area within the boundaries of the Authority, an ad valorem
tax, as more fully described in Section 4.2 and Section 4.4 of this Agreement;
j.To establish, and from time to time increase or decrease, a development impact
fee and collect such fee from persons who own property located within the boundaries of the
Authority who apply for approval for new residential, commercial, or industrial construction in
accordance with applicable ordinances and Section 4.2 of this Agreement;
k.To carry out resolutions, or regulations of any county or municipality concerning
the purposes as set forth in section 1.2 within the boundaries of the Authority;
l.To incur debts, liabilities, or obligations;
m.To sue and be sued in its own name;
n.To have and use a corporate seal;
o.To fix, maintain, and revise fees, rents, security deposits, and charges for
functions, services, or facilities provided by the Authority;
p.To adopt, by resolution, bylaws or regulations respecting the exercise of its
powers and the carrying out of its purposes;
q.To exercise any other powers that are essential to the provision of functions,
services, or facilities by the Authority and that are specified in this Agreement;
5
r.To do and perform any acts and things authorized by C.R.S. § 29-1-204.5, as it
may be amended from time to time, and by any other applicable law, under, through, or by
means of an agent or by contracts with any person, firm, or corporation;
s.To establish enterprises for the ownership, planning, financing, acquisition,
construction, reconstruction or repair, maintenance, management, or operation, or any
combination of the foregoing, of housing projects or programs authorized by C.R.S. § 29-1-
204.5, as it may be amended from time to time, and by any other applicable law;
t.To propose a referred measure to the electorate providing that the Authority is
authorized to collect and spend or reserve all revenues of the Authority from existing property
and sales or use taxes, non-federal grants and other revenue sources in any given year or in
perpetuity to fulfill any of the prescribed purposes of the Authority, notwithstanding any
limitation set forth in Article X, Section 20 of the Colorado Constitution;
u.To issue revenue or general obligation bonds according to applicable law, as the
term bond is defined in section 43-4-602 (3), C.R.S., and may pledge its revenues and revenue-
raising powers for the payment of such bonds;
v.To issue conduit revenue bonds and enter into financing agreements, as defined in
C.R.S. 29-3-103, with others for the purpose of providing revenues to pay the bonds issued to
provide residential facilities for low- and middle income families or persons intended for use as
the sole place of residence by the owners or intended occupants (“Project”); to lease, sell, or
otherwise dispose of any or all of its Projects to others for such revenues and upon such terms
and conditions as the Authority may deem advisable; and to grant options to renew any lease or
other agreement with respect to a Project and to grant options to buy any Project at such price as
the Authority deems desirable; and
w.To act as an issuing authority, as defined 24-32-1703, C.R.S., for the purpose of
being an assignee of private activity bond volume cap allocation under the Private Activity Bond
Ceiling Allocation Act, 24-32-1701, et seq., C.R.S., and take all such actions as are necessary in
connection with the management and preservation of any private activity bond volume cap
allocations assigned to the Authority, including the execution of any Internal Revenue Service
(“IRS”) form.
ARTICLE III.
ADMINISTRATIVE PROVISIONS
Section 3.1 Board of Directors . The Authority shall be governed by a
Board of Directors, in which all legislative power of the Authority shall be vested.
a.Number and Qualification of Directors. Each of the parties shall appoint one
members to the Board (each, an “Appointed Director”), who may be an elected official of the
appointing Party, or other designated representative. The Board of Directors so appointed shall
select three additional members at large (each, an “At-Large Director”). All Directors must be
residents of Grand County, Colorado and shall have reached the age of 18 years on the effective
date of their appointment.
6
b.Term of Office. Each Appointed Director shall serve a four-year term expiring on
January 31 following each year of a Presidential General Election, provided, however, that two
initial Appointed Directors drawn at random will serve an initial two year-term in order to offset
Appointed Director turn-over. Appointed Directors shall serve a maximum of three, four-year
terms, except for Appointed Directors serving an initial two-year term, which Appointed
Directors will be allowed to serve three additional four-year terms expiring on January 31
following each mid-term general election. Each At-Large Director shall serve a three-year term
commencing on January 31 following each election held on the first Tuesday in November in
each odd numbered year. At-Large Directors shall serve a maximum of four three-year terms
c.Vacancies. Vacancies other than by reason of expiration of terms shall be filled by
the original appointing entity for the unexpired term.
d.Resignation or Removal. Any Director may resign at any time, effective upon
receipt by the Secretary or the President of written notice signed by the person who is resigning.
Directors serve at the pleasure of their appointing entity. The appointing entities may terminate
the appointment of their appointees at will at any time without cause. Furthermore, unless
excused by the Board, if a director fails to attend three regular meetings of the Board in any
twelve-month period, or otherwise fails to perform any of the duties devolving upon him or her
as a director, he or she may be removed by the Board and the appointing entity shall fill such
vacancy within sixty (60) days after such removal. Consideration of removal of a director by the
Board shall be at a regular or special meeting of the Board, reasonable notice of which shall be
given to the director to be removed and the entity which appointed him or her.
e.Compensation of Directors. Directors shall receive no compensation for their
services, but shall be entitled to the necessary expenses, including traveling expenses, incurred in
the discharge of their duties.
f.Action by Board. Each member of the Board shall have one vote on matters
brought before the Board. A majority of the directors shall constitute a quorum and a majority of
those present shall be necessary for any action taken by the Board. Notwithstanding the
foregoing, or any other provision herein to the contrary, the following actions shall require the
approval of two-thirds of the full Board of Directors: (i) condemnation of property for public
use; (ii) proposal of ballot initiatives; (iii) the removal of a director under Section 3.1d herein;
(iv) appointing an Executive Director under Section 3.1d herein; (v) approving
intergovernmental agreements; and (vi) termination of the Authority. Meetings of the Board of
Directors shall be open to the public and conducted in accordance with the C.R.S. 24-6-401 et
seq.
g.Duties of Board. The directors shall govern the business and affairs of the
Authority. The directors shall also comply with all provisions of parts 1, 5, and 6 of article 1 of
title 29 of the Colorado Revised Statutes, which provisions relate to the obligations of local
governments with respect to budgets, accounting, and audits, as such provisions may be amended
from time to time.
Section 3.2 Officers . The officers of the Authority shall be a President,
a Vice-President, a Secretary, and a Treasurer, each of whom shall be elected by the Board of
7
Directors. Such other officers and assistant officers as may be deemed necessary may be elected
or appointed by the Board of Directors. Any two or more offices may be held by the same
person, except the offices of President and Secretary.
a.Election and Term of Office. The officers of the Authority shall be elected
annually by the Board. Each officer shall hold office until his/her successor shall have been duly
elected and shall have been qualified or until his or her death or until he or she shall resign or
shall have been removed in the manner hereinafter provided.
b.Resignation or Removal. Any officer may resign from office at any time, effective
upon receipt by the Secretary or the President of written notice signed by the person who is
resigning. Any officer may be removed from office by the Board whenever in the Board’s
judgment the best interests of the Authority will be served thereby.
c.Vacancies. A vacancy in any office because of death, resignation, removal,
disqualification or otherwise, may be filled by the Board for the unexpired portion of the term.
d.Duties.
(i)President. The President, when present, shall preside at all meetings of the
Board of Directors. He or she may sign, with the Secretary or any other proper officer of the
Authority deeds, mortgages, bonds, contracts, or other instruments which the Board of Directors
has authorized to be executed, except in cases where the signing and execution thereof shall be
expressly delegated by the Board of Directors to some other officer or agent of the Authority, or
shall be required by law to be otherwise signed or executed; and in general shall perform all
duties incident to the office of President and such other duties as may be prescribed by the Board
of Directors from time to time.
(ii)Vice President. In the absence of the President or in the event of his or her
death, inability or refusal to act, the Vice-President shall perform the duties of the President, and
when so acting, shall have all the powers of and be subject to all the restrictions upon the
President. The Vice-President shall perform such other duties as from time to time may be
assigned to him or her by the President or by the Board of Directors.
(iii)Secretary. The Secretary shall: (a) keep the minutes of the proceedings of
the Board of Directors; (b) see that all notices are duly given in accordance with the provisions
of the C.R.S. 24-72-201 et seq. and this Agreement or as otherwise provided by law; (c) sign
with the President; (d) in general perform all duties incident to the office of Secretary and such
other duties as from time to time may be assigned to him or her by the President or by the Board
of Directors.
(iv)Treasurer. The Treasurer shall be the financial officer for the Authority
and shall: (a) coordinate with the department of revenue regarding the collection of sales and use
tax authorized pursuant to paragraph (f.1) of subsection (3) of C.R.S. § 29-1-204.5; (b) have
charge and custody of and be responsible for all funds of the Authority; (c) receive and give
receipts for moneys due and payable to the Authority from any source whatsoever, and deposit
all such moneys in the name of the Authority in such banks, trust companies or other depositaries
as designated by the Board of Directors; and (d) in general perform all the duties incident to the
8
office of Treasurer and such other duties as from time to time may be assigned to him or her by
the President or by the Board of Directors. All checks written from an Authority bank account
over $10,000 shall require the signature of the Treasurer and a single member of the Board of
Directors or the signature of two members of the Board of Directors.
Section 3.3 Executive Director . The Executive Director shall be the
chief executive officer of the Authority, shall supervise the activities of the Authority, shall see
that all policies, directions and orders of the Board are carried out and shall, under the
supervision of the Board, have such other authority, powers and duties as may be prescribed by
the Board. The Executive Director shall be appointed by a majority vote of the Board, shall
report to the Board of Directors, and shall have his or her salary and compensation set by the
Board. The Executive Director shall have the authority to hire additional staff members pursuant
to the budget adopted by the Board and shall also have termination authority over those staff
members.
Section 3.4 Committees . The Board of Directors may create such
committees as it deems necessary or appropriate in order to carry out the affairs of the Authority.
Section 3.5 Conflicts of Interest . No member of the Board nor any
immediate member of the family of any such member shall acquire or have any interest, direct or
indirect, in (a) any property or project acquired, held, leased or sold by the Authority; or (b) any
entity with whom the Authority has contracted with to plan, finance, construct, reconstruct,
repair, maintain, manage or operate any property, project or program related to the Authority. If
any Board member has such an interest, whether direct or indirect, he or she shall immediately
disclose the same in writing to the Board of Directors, and such disclosure shall be entered upon
the minutes of the Board. Upon such disclosure, such Board member shall not participate in any
action by the Board affecting the project, property, or contract unless the Board determines that,
in light of such personal interest, the participation of such member in any such act would not be
contrary to the public interest.
Section 3.6 Insurance . The Authority shall purchase and maintain at all
times an adequate policy of public entity liability insurance, which insurance shall at the
minimum provide the amount of coverage described in C.R.S. § 24-10-115(1), including errors
and omissions coverage. The Authority may purchase such additional insurance as the Board
deems prudent. The Authority’s employees acting within the scope of their employment shall be
indemnified pursuant to C.R.S. § 24-10-110.
ARTICLE IV.
SOURCES OF REVENUE
Section 4.1 Sources of Revenue . The expected sources of revenue for
the Authority may include, but are not limited to the following:
a.federal, state, local and private grants or donations;
b.property management fees;
c.rents or other lease income;
9
d.interest on interest-bearing accounts;
e.proprietary revenue of the parties in accordance with this Agreement;
f.sales and/or use taxes levied in accordance with this Agreement and other
applicable law; and
g.ad valorem taxes levied in accordance with this Agreement and other applicable
law; revenue or general obligation bonds issued in accordance with applicable law.
Section 4.2 Prerequisites for All Tax Levies and Fees a.. The Authority
shall not establish or increase any tax or development impact fee unless first submitted to a vote
of the registered electors of the Authority in which the tax or development impact fee is proposed
to be collected. The Authority shall not create a multiple-fiscal year debt or other financial
obligation that is subject to section 20 (4) (b) of article X of the Colorado state constitution
unless first submitted to a vote of the registered electors residing within the boundaries of the
authority; except that no such vote is required for obligations of enterprises established under
Section 2.1s of this Agreement or for obligations of any other enterprise under section 20 (4) of
article X of the state constitution. Moreover, prior to and as a condition of levying any tax or fee
within the boundaries of the Authority, the Board of Directors shall adopt a resolution
determining that the levying of such taxes or fees will fairly distribute the costs of the
Authority’s activities among the persons and businesses benefited thereby and will not impose an
undue burden on any particular group of persons or businesses.
b.Notwithstanding the provisions of this Section 4.2, an impact fee may only be
imposed by the Authority if all of the following conditions have been satisfied:
(i)No portion of the authority is located in a county with a population of
more than one hundred thousand;
(ii)The impact fee is not levied upon the development, construction,
permitting, or otherwise in connection with low- or moderate-income housing or affordable
employee housing;
(iii)The rate of the fee is two dollars per square foot or less; and
(iv)The Authority also imposes a sales and use tax pursuant to Section 4.3, an
ad valorem tax pursuant to Section 4.4, or both.
Section 4.3 Sales and Use Taxes . Any sales or use tax imposed or
levied by the Authority on any transactions within the boundaries of the Authority shall not
exceed the rate of one percent. Prior to levying any sales or use tax, the Authority shall designate
a financial officer who shall coordinate with the Colorado Department of Revenue regarding the
collection, administration, and enforcement of any sales and use tax to be levied in the manner
established by C.R.S. § 29-1-204.5, as it may be amended from time to time, and by other
applicable law. The Authority shall apply the proceeds of all sales or use taxes solely towards the
purposes, functions, or services authorized by this Agreement.
10
Section 4.4 Ad Valorem Taxes . The Authority may levy an ad valorem
tax on all properties within the Authority’s boundaries at a rate not to exceed five mills on each
dollar of valuation for assessment of the taxable property within such boundaries. To levy an ad
valorem tax, the Board shall certify to the Grand County Board of County Commissioners the
levy of ad valorem property taxes in accordance with the schedule prescribed by C.R.S. § 39-5-
128, as it may be amended from time to time. Thereafter, Grand County shall levy and collect the
ad valorem taxes in the manner prescribed by law. All taxes levied under this Section 4.4,
together with interest thereon and penalties for default in payment thereof, and all costs of
collecting them shall constitute, until paid, a perpetual lien on and against the property taxed, and
such lien shall be on a parity with the tax lien of other general taxes.
Section 4.5 Approvals Not Required. The Parties hereto agree that, by approval of
this Agreement, the Authority is authorized to establish taxes, development impact fees, sales
and use taxes and ad valorem taxes as provided in Section 4.2, Section 4.3 and Section 4.4
above, to the extent permitted by applicable law, and without the need to obtain the further
consent or approval of the governing Party or Parties having jurisdiction over the property on
which the taxes or fees are proposed to be levied or imposed.
Section 4.6 Other Sources of Revenue .The parties shall provide, at a
minimum, funding for the Authority for the first full calendar year, beginning on January 1,
2023, in the total aggregate amount of $80,000. The parties acknowledge that such funding may
not be adequate to completely fund the Authority for such year. Funding from each Party shall be
subject to annual availability and appropriation by the governing body of each jurisdiction.
a.Proportional Shares of Funding. The Parties agree that the responsibility for
funding the obligations set forth in Section 4.6 herein should be shared by the Parties in the
following amounts:
Town of Winter Park $20,000.00
Town of Fraser $20,000.00
Town of Granby $20,000.00
Grand County $20,000.00
b.Payment Dates. The parties shall pay their respective sums due to the Authority
no later than January 30th of 2023. In addition to the foregoing, the parties may, from time to
time, pay the Authority with proprietary revenues or other public funds for services rendered or
facilities provided by the Authority, as contributions to defray the cost of any purpose set forth in
this Agreement, and/or as advances for any purpose subject to repayment by the Authority.
ARTICLE V.
AUTHORITY PROPERTY
In the event of termination or dissolution of the Authority, all right, title and interest of the
Authority in General Assets (as hereinafter defined) shall be conveyed to the jurisdictions that
are parties to this Agreement at the time of termination, as tenants-in-common subject to any
outstanding liens, mortgages, or other pledges of such General Assets. The interest in the
General Assets of the Authority conveyed to each Party shall be that proportion which the total
11
dollar amount paid or contributed by such jurisdiction to the Authority for all purposes during
the life of the Authority bears to the total dollar amount of all such payments and contributions
made to the Authority by all such jurisdictions during the life of the Authority. The term
“General Assets” as used herein shall include all legal and equitable interests in real or personal
property, tangible or intangible, of the Authority.
ARTICLE VI.
TERMINATION OR ADDITIONAL MEMBERS
Section 6.1 Termination of Authority . This Agreement may be
terminated by the approval of two-thirds or 66% of the full Board of Directors or when less than
two parties are willing to remain as parties to this Agreement. Upon termination, each Party
hereto shall be released from all further liability and obligations hereunder. Notwithstanding the
foregoing, the right of the Board or the parties to terminate this Agreement shall be abrogated if
the Authority has bonds, notes or other obligations outstanding at the time of the proposed
termination unless provision for full payment of the same has been made by escrow or otherwise.
Section 6.2 Termination of Participation . Any Party may terminate its
participation in this Agreement as of the end of any calendar year by giving at least 6 months
written notice to the other parties provided that such withdrawing Party shall pay all of its
obligations hereunder or any effective funding agreement to the effective date of the termination
of its participation.
Section 6.3 Amendment to Provide for Additional Members . This
Agreement may be amended to add one or more additional parties upon: (a) resolution of the
Board of Directors providing for such amendment; and (b) approval of such amendment by the
governing body of the prospective additional Party and each then-existing Party.
ARTICLE VII.
GENERAL PROVISIONS
Section 7.1 Effective Date . The Effective Date of this Agreement shall
be the date of the last Party to sign.
Section 7.2 Entire Agreement . This Agreement embodies the entire
agreement about its subject matter among the parties and supersedes all prior agreements and
understandings, if any, and may be amended or supplemented only by an instrument in writing
executed by all parties to this Agreement.
Section 7.3 No Third Party Beneficiaries . The parties to this Agreement
do not intend to benefit any person not a party to this Agreement. No person or entity, other than
the parties to this Agreement, shall have any right, legal or equitable, to enforce any provision of
this Agreement.
Section 7.4 Signatory Authority . Each person signing this Agreement
in a representative capacity, expressly represents the signatory has the subject Party’s authority
to so sign and that the subject Party will be bound by the signatory’s execution of this
Agreement. Each Party expressly represents that except as to the approval specifically required
12
by this Agreement, such Party does not require any third party’s consent to enter into this
Agreement.
Section 7.5 Counterparts . This Agreement may be executed in
counterparts, each of which shall be deemed to be an original and all of which together shall
constitute one original Agreement.
Section 7.6 Severability . If any term or provision of this Agreement
shall be adjudicated to be invalid, illegal or unenforceable, this Agreement shall be deemed
amended to delete therefrom the term or provision thus adjudicated to be invalid, illegal or
unenforceable and the validity of the other terms and provisions of this Agreement shall not be
affected thereby.
Section 7.7 Notices . Except as otherwise provided in this Agreement,
all notices or other communications by the Authority or any Party hereto, any Board member or
officer shall be in writing; shall be sufficiently given and shall be deemed given when actually
received.
Section 7.8 Interpretation . Subject only to the express limitations set
forth herein, this Agreement shall be liberally construed (a) to permit the Authority and the
parties to exercise all powers that may be exercised by a multijurisdictional housing authority
pursuant to Colorado law; (b) permit the parties hereto to exercise all powers that may be
exercised by them with respect to the subject matter of this Agreement and applicable law; and
(c) to permit the Board of Directors to exercise all powers that may be exercised by the board of
directors of a multijurisdictional housing authority pursuant to Colorado law and by the
governing body of a separate legal entity created by contract among the parties pursuant to
C.R.S. § 29-1-203.
{Signatures on Following Page}
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the last
day and year set forth below.
(Seal)
Approved as to form:
Town Attorney
TOWN OF WINTER PARK, COLORADO
_________________ Mayor
Date: ________________
(Seal)
Approved as to form:
Town Attorney
TOWN OF FRASER, COLORADO
_________________ Mayor
Date: ________________
(Seal)
Approved as to form:
Town Attorney
TOWN OF GRANBY, COLORADO
_________________ Mayor
Date: ________________
(Seal)
Approved as to form:
County Attorney
GRAND COUNTY, COLORADO
_________________ Manager
Date: ________________
2
EXHIBIT A
Map of Boundaries of Fraser River Valley Housing Partnership
[Attached]
3
18222822_6
TOWN OF FRASER
COMBINED CASH INVESTMENT
JANUARY 31, 2022
COMBINED CASH ACCOUNTS
01-10200 GENERAL CHECKING #878-000884 430,392.16
01-10215 XPRESS DEPOSIT ACCOUNT 94,645.79
01-10220 GENERAL CO-01-0160-8001 16,666,623.71
TOTAL COMBINED CASH 17,191,661.66
01-10100 CASH ALLOCATED TO OTHER FUNDS ( 17,191,661.66)
TOTAL UNALLOCATED CASH .00
CASH ALLOCATION RECONCILIATION
10 ALLOCATION TO GENERAL FUND 8,167,545.62
12 ALLOCATION TO RESTRICTED REVENUE FUND 927,342.98
20 ALLOCATION TO CONSERVATION TRUST FUND 28,727.35
30 ALLOCATION TO CAPITAL EQUIP REPLACEMENT FUND 310,523.10
32 ALLOCATION TO CAPITAL ASSET FUND ( 375,712.02)
35 ALLOCATION TO CROS FUND 200,641.02
40 ALLOCATION TO DEBT SERVICE FUND 35,539.44
50 ALLOCATION TO WATER FUND 2,544,793.65
55 ALLOCATION TO WASTEWATER FUND 5,352,260.52
TOTAL ALLOCATIONS TO OTHER FUNDS 17,191,661.66
ALLOCATION FROM COMBINED CASH FUND - 01-10100 ( 17,191,661.66)
ZERO PROOF IF ALLOCATIONS BALANCE .00
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
GENERAL FUND
ASSETS
10-10100 CASH - COMBINED FUND 8,167,545.62
10-11100 PROPERTY TAXES RECEIVABLE 575,735.00
10-11110 SALES TAXES RECEIVABLE 484,225.70
10-11190 OTHER TAXES RECEIVABLE 9,994.61
10-11550 ACCTS REC - BILLINGS 153,735.62
10-11600 MISCELLANEOUS RECEIVABLES 1,298.78
TOTAL ASSETS 9,392,535.33
LIABILITIES AND EQUITY
LIABILITIES
10-20200 ACCOUNTS PAYABLE TRADE 303,668.93
10-21720 SALES TAX PAYABLE 69.59
10-21755 457 DEFERRED COMP PAYABLE 1,768.92
10-21760 HEALTH INSURANCE PAYABLE 18,564.81
10-21773 DEPENDENT CARE PAYABLE 3,342.00
10-21775 FLEX HEALTH PLAN PAYABLE ( 32.26)
10-21900 ECONOMIC INCENTIVE FEE REBATE 45,038.00
10-22210 DEFERRED TAXES 575,735.00
10-22920 SUBDIVISION IMP SECURITY DEP 74,564.50
10-22950 RENTAL PROPERTY DEPOSITS HELD 500.00
TOTAL LIABILITIES 1,023,219.49
FUND EQUITY
10-27000 GF COMMITTED RESERVE BALANCE 1,500,000.00
10-27050 GF STRATEGIC RESERVES 1,500,000.00
10-27100 GF RESTRICTED RESERVE BALANCE 929,115.20
UNAPPROPRIATED FUND BALANCE:
10-29800 FUND BALANCE - BEGINNING OF YR 4,698,162.52
REVENUE OVER EXPENDITURES - YTD ( 257,961.88)
BALANCE - CURRENT DATE 4,440,200.64
TOTAL FUND EQUITY 8,369,315.84
TOTAL LIABILITIES AND EQUITY 9,392,535.33
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
TAXES
10-31-100 GENERAL FUND PROPERTY TAX .00 .00 575,735.28 575,735.28 .0
10-31-200 SPECIFIC OWNERSHIP TAX .00 .00 12,000.00 12,000.00 .0
10-31-300 MOTOR VEHICLE TAX .00 .00 500.00 500.00 .0
10-31-400 TOWN SALES TAX .00 .00 3,200,000.00 3,200,000.00 .0
10-31-410 USE TAX - BUILDING MATERIALS 1,842.21 1,842.21 250,000.00 248,157.79 .7
10-31-420 USE TAX - MOTOR VEHICLE SALES 11,346.52 11,346.52 140,000.00 128,653.48 8.1
10-31-430 STATE CIGARETTE TAX .00 .00 3,000.00 3,000.00 .0
10-31-800 FRANCHISE FEES .00 .00 60,000.00 60,000.00 .0
TOTAL TAXES 13,188.73 13,188.73 4,241,235.28 4,228,046.55 .3
LICENSES & PERMITS
10-32-100 BUSINESS LICENSE FEES 120.00 120.00 15,000.00 14,880.00 .8
10-32-110 REGULATED INDUSTRY FEES/TAXES 622.50 622.50 200,000.00 199,377.50 .3
TOTAL LICENSES & PERMITS 742.50 742.50 215,000.00 214,257.50 .4
INTERGOVERNMENTAL
10-33-100 GRANTS 11,630.39 11,630.39 221,644.89 210,014.50 5.3
TOTAL INTERGOVERNMENTAL 11,630.39 11,630.39 221,644.89 210,014.50 5.3
CHARGES FOR SERVICES
10-34-100 ANNEXATION FEES .00 .00 1,000.00 1,000.00 .0
10-34-110 ZONING FEES .00 .00 1,500.00 1,500.00 .0
10-34-120 SUBDIVISION FEES 1,600.00 1,600.00 1,500.00 ( 100.00) 106.7
10-34-130 MISCELLANEOUS PLANNING FEES .00 .00 1,000.00 1,000.00 .0
10-34-300 PAYT 4,804.00 4,804.00 70,000.00 65,196.00 6.9
10-34-600 DISTRIBUTION .00 .00 182,000.00 182,000.00 .0
TOTAL CHARGES FOR SERVICES 6,404.00 6,404.00 257,000.00 250,596.00 2.5
MISCELLANEOUS REVENUE
10-36-100 INTEREST EARNINGS 499.71 499.71 4,500.00 4,000.29 11.1
10-36-300 RENTAL INCOME 425.00 425.00 10,000.00 9,575.00 4.3
10-36-600 COMMUNITY HOUSING 1,200.00 1,200.00 15,000.00 13,800.00 8.0
10-36-610 REIMBURSABLE - PROF SERVICES 4,872.97 4,872.97 100,000.00 95,127.03 4.9
10-36-630 DISPOSABLE BAG FEES 11,411.64 11,411.64 25,000.00 13,588.36 45.7
10-36-900 MISCELLANEOUS REVENUE 53,149.75 53,149.75 30,000.00 ( 23,149.75) 177.2
TOTAL MISCELLANEOUS REVENUE 71,559.07 71,559.07 184,500.00 112,940.93 38.8
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
OTHER SOURCES & TRANSFERS
10-39-920 TRANSFER IN FROM GF RESERVES .00 .00 6,379.00 6,379.00 .0
10-39-999 UNASSIGNED FUND BALANCE .00 .00 4,176,643.24 4,176,643.24 .0
TOTAL OTHER SOURCES & TRANSFERS .00 .00 4,183,022.24 4,183,022.24 .0
TOTAL FUND REVENUE 103,524.69 103,524.69 9,302,402.41 9,198,877.72 1.1
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
TOWN BOARD
10-41-110 SALARIES .00 .00 35,000.00 35,000.00 .0
10-41-220 FICA TAX .00 .00 2,677.50 2,677.50 .0
10-41-280 TRAINING PROGRAMS .00 .00 6,000.00 6,000.00 .0
10-41-290 TRAVEL, MEALS AND LODGING .00 .00 6,000.00 6,000.00 .0
10-41-295 MEALS AND ENTERTAINMENT 2,219.71 2,219.71 10,000.00 7,780.29 22.2
10-41-690 MISCELLANEOUS EXPENSE .00 .00 20,000.00 20,000.00 .0
10-41-860 GRANTS AND AID TO AGENCIES 500.00 500.00 5,000.00 4,500.00 10.0
10-41-861 INTERGOVERNMENTAL AGREEMENTS .00 .00 5,250.00 5,250.00 .0
10-41-862 FRASER/WINTER PARK POLICE DEPT 60,811.00 60,811.00 732,000.00 671,189.00 8.3
10-41-863 STREET LIGHTING AND SIGNALS 2,256.29 2,256.29 23,000.00 20,743.71 9.8
10-41-864 SPECIAL EVENTS .00 .00 20,000.00 20,000.00 .0
10-41-870 BUSINESS DIST STREETSCAPE .00 .00 5,000.00 5,000.00 .0
10-41-871 BUSINESS ENHANCEMENT PROGRAMS .00 .00 82,500.00 82,500.00 .0
10-41-872 SUSTAINABILITY 409.14 409.14 10,000.00 9,590.86 4.1
10-41-873 RECYCLE FACILITY 2,830.24 2,830.24 60,000.00 57,169.76 4.7
10-41-874 COMMUNITY HOUSING 50,000.00 50,000.00 800,000.00 750,000.00 6.3
10-41-875 MARKETING 4,379.97 4,379.97 25,000.00 20,620.03 17.5
10-41-885 ECONOMIC INCENTIVES 44,938.68 44,938.68 .00 ( 44,938.68) .0
TOTAL TOWN BOARD 168,345.03 168,345.03 1,847,427.50 1,679,082.47 9.1
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
ADMINISTRATION
10-45-110 SALARIES 33,013.61 33,013.61 471,545.00 438,531.39 7.0
10-45-210 HEALTH INSURANCE 8,102.74 8,102.74 88,663.00 80,560.26 9.1
10-45-220 FICA TAX 2,387.44 2,387.44 36,073.00 33,685.56 6.6
10-45-230 RETIREMENT 2,464.52 2,464.52 47,155.00 44,690.48 5.2
10-45-250 UNEMPLOYMENT TAX 62.42 62.42 1,415.00 1,352.58 4.4
10-45-280 TRAINING PROGRAMS .00 .00 6,000.00 6,000.00 .0
10-45-290 TRAVEL, MEALS AND LODGING .00 .00 7,000.00 7,000.00 .0
10-45-295 MEALS AND ENTERTAINMENT 3,076.30 3,076.30 6,000.00 2,923.70 51.3
10-45-310 LEGAL FEES 24,834.36 24,834.36 175,000.00 150,165.64 14.2
10-45-320 AUDIT FEES .00 .00 24,000.00 24,000.00 .0
10-45-330 ENGINEERING FEES .00 .00 4,000.00 4,000.00 .0
10-45-360 COMPUTERS-NETWORKS AND SUPPORT 11,045.76 11,045.76 90,000.00 78,954.24 12.3
10-45-370 OTHER PROFESSIONAL SERVICES 4,333.60 4,333.60 210,000.00 205,666.40 2.1
10-45-375 REIMBURSABLE PROF SERVICES 1,923.18 1,923.18 100,000.00 98,076.82 1.9
10-45-380 JANITORIAL SERVICES 93.36 93.36 16,561.21 16,467.85 .6
10-45-385 TREASURER'S FEES .00 .00 10,815.00 10,815.00 .0
10-45-395 RECORDING FEES 1,500.00 1,500.00 1,500.00 .00 100.0
10-45-410 BANK CHARGES 539.98 539.98 8,000.00 7,460.02 6.8
10-45-420 ELECTIONS .00 .00 5,000.00 5,000.00 .0
10-45-430 INSURANCE - ALL DEPARTMENTS 35,833.39 35,833.39 83,000.00 47,166.61 43.2
10-45-440 ADVERTISING 1,621.14 1,621.14 2,500.00 878.86 64.9
10-45-490 PROFESSIONAL MEMBERSHIPS 485.00 485.00 11,000.00 10,515.00 4.4
10-45-500 OPERATING SUPPLIES 1,131.82 1,131.82 12,000.00 10,868.18 9.4
10-45-510 EQUIPMENT PURCHASE AND REPAIR 377.00 377.00 5,000.00 4,623.00 7.5
10-45-550 POSTAGE 600.00 600.00 2,500.00 1,900.00 24.0
10-45-560 UTILITIES -TELEPHONE 413.60 413.60 7,575.00 7,161.40 5.5
10-45-561 UTILITIES - NATURAL GAS 555.11 555.11 3,700.00 3,144.89 15.0
10-45-562 UTILITIES - ELECTRICITY 1,159.59 1,159.59 10,000.00 8,840.41 11.6
10-45-670 PROP MGMT - 107 EISENHOWER DR 2,493.14 2,493.14 70,000.00 67,506.86 3.6
10-45-671 PROP MGMT - 105 FRASER AVE 57.71 57.71 20,000.00 19,942.29 .3
10-45-673 PROP MGMT - 153 FRASER AVE 2,104.07 2,104.07 95,000.00 92,895.93 2.2
10-45-674 PROP MGMT - 200 EISENHOWER DR .00 .00 1,000.00 1,000.00 .0
10-45-690 MISCELLANEOUS EXPENSE .00 .00 20,000.00 20,000.00 .0
10-45-830 LOAN - PRINCIPAL 384.99 384.99 5,000.00 4,615.01 7.7
10-45-840 LOAN - INTEREST 3.39 3.39 100.00 96.61 3.4
TOTAL ADMINISTRATION 140,597.22 140,597.22 1,657,102.21 1,516,504.99 8.5
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
PUBLIC WORKS
10-60-110 SALARIES 39,862.88 39,862.88 827,050.00 787,187.12 4.8
10-60-210 HEALTH INSURANCE 11,558.32 11,558.32 233,831.00 222,272.68 4.9
10-60-220 FICA TAX 2,748.62 2,748.62 63,269.00 60,520.38 4.3
10-60-230 RETIREMENT 2,343.80 2,343.80 74,958.00 72,614.20 3.1
10-60-250 UNEMPLOYMENT TAX 71.88 71.88 2,481.00 2,409.12 2.9
10-60-280 TRAINING PROGRAMS 225.00 225.00 3,000.00 2,775.00 7.5
10-60-290 TRAVEL, MEALS AND LODGING .00 .00 3,000.00 3,000.00 .0
10-60-295 MEALS AND ENTERTAINMENT 116.12 116.12 1,500.00 1,383.88 7.7
10-60-330 ENGINEERING FEES .00 .00 50,000.00 50,000.00 .0
10-60-360 COMPUTER NETWORK SUPPORT 6,864.95 6,864.95 50,000.00 43,135.05 13.7
10-60-370 OTHER PROFESSIONAL SERVICES 1,671.53 1,671.53 50,000.00 48,328.47 3.3
10-60-475 CONTRACT SNOW REMOVAL 2,447.50 2,447.50 .00 ( 2,447.50) .0
10-60-480 EQUIPMENT RENTAL .00 .00 2,500.00 2,500.00 .0
10-60-490 PROFESSIONAL MEMBERSHIPS 1,100.99 1,100.99 1,000.00 ( 100.99) 110.1
10-60-500 OPERATING SUPPLIES 10,537.15 10,537.15 94,000.00 83,462.85 11.2
10-60-506 PLANTS/PLANTER SUPPLIES .00 .00 75,000.00 75,000.00 .0
10-60-510 EQUIPMENT PURCHASE AND REPAIR 94.90 94.90 90,000.00 89,905.10 .1
10-60-560 UTILITIES - TELEPHONE 403.24 403.24 4,080.00 3,676.76 9.9
10-60-561 UTILITIES - NATURAL GAS 1,233.61 1,233.61 8,000.00 6,766.39 15.4
10-60-670 PROP MGMT - 125 FRASER AVE 221.70 221.70 32,500.00 32,278.30 .7
10-60-673 PROP MGMT - FRASER RIVER TRAIL 161.98 161.98 160,000.00 159,838.02 .1
10-60-674 PROP MGMT - HWY 40 PEDESTRIAN .00 .00 6,000.00 6,000.00 .0
10-60-675 PROP MGMT - KOPPERS PARK .00 .00 1,500.00 1,500.00 .0
10-60-676 PROP MGMT - OLD SCHLHOUSE PK 161.98 161.98 76,500.00 76,338.02 .2
10-60-679 PROP MGMT - SCHOOL BUS GARAGE 1,605.08 1,605.08 26,500.00 24,894.92 6.1
10-60-680 PROP MGMT - GARDNER SHED .00 .00 5,000.00 5,000.00 .0
10-60-681 PROP MGMT - COZENS RANCH PARK 1,227.25 1,227.25 15,000.00 13,772.75 8.2
10-60-684 PROP MGMT - FRODO .00 .00 40,000.00 40,000.00 .0
10-60-685 PROP MGMT - MTN MAN PARK 161.98 161.98 500.00 338.02 32.4
10-60-686 GORANSON STATION .00 .00 750.00 750.00 .0
10-60-687 PROP MGMT - 6 W .00 .00 50,000.00 50,000.00 .0
10-60-690 MISCELLANEOUS EXPENSE 247.70 247.70 10,000.00 9,752.30 2.5
10-60-725 STREET IMPROVEMENTS 820.00 820.00 250,000.00 249,180.00 .3
10-60-740 ART IN PUBLIC PLACES 2,322.82 2,322.82 91,100.00 88,777.18 2.6
TOTAL PUBLIC WORKS 88,210.98 88,210.98 2,399,019.00 2,310,808.02 3.7
120 ZEREX AVENUE
10-65-380 JANITORIAL SERVICES 1,505.23 1,505.23 15,000.00 13,494.77 10.0
10-65-561 UTILITIES - NATURAL GAS 179.83 179.83 1,200.00 1,020.17 15.0
10-65-562 UTILITIES - ELECTRICITY 116.19 116.19 1,200.00 1,083.81 9.7
10-65-670 PROP MGMT - 120 ZEREX .00 .00 60,000.00 60,000.00 .0
TOTAL 120 ZEREX AVENUE 1,801.25 1,801.25 77,400.00 75,598.75 2.3
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
GENERAL FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
TRANSFERS
10-90-920 TRANSFER TO CERF - POLICE DEPT .00 .00 84,000.00 84,000.00 .0
10-90-930 TRANSFER TO CERF - PUBLICWORKS .00 .00 170,000.00 170,000.00 .0
10-90-935 TRANSFER TO CAF .00 .00 750,000.00 750,000.00 .0
10-90-960 TRANSFER TO CROS .00 .00 326,379.00 326,379.00 .0
10-90-970 TRANSFER TO COMMITTED RESERVES .00 .00 33,600.00 33,600.00 .0
TOTAL TRANSFERS .00 .00 1,363,979.00 1,363,979.00 .0
FISCAL AGENT
10-95-110 SALARIES ( 27,656.25) ( 27,656.25) .00 27,656.25 .0
10-95-210 HEALTH INSURANCE ( 6,376.94) ( 6,376.94) .00 6,376.94 .0
10-95-220 FICA TAX ( 1,937.87) ( 1,937.87) .00 1,937.87 .0
10-95-230 RETIREMENT ( 1,341.45) ( 1,341.45) .00 1,341.45 .0
10-95-250 UNEMPLOYMENT TAX ( 82.97) ( 82.97) .00 82.97 .0
10-95-560 TELEPHONE ( 43.00) ( 43.00) .00 43.00 .0
10-95-690 MISC. PAYROLL EXPENSE ( 29.43) ( 29.43) .00 29.43 .0
TOTAL FISCAL AGENT ( 37,467.91) ( 37,467.91) .00 37,467.91 .0
TOTAL FUND EXPENDITURES 361,486.57 361,486.57 7,344,927.71 6,983,441.14 4.9
NET REVENUE OVER EXPENDITURES ( 257,961.88) ( 257,961.88) 1,957,474.70 2,215,436.58 ( 13.2)
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
RESTRICTED REVENUE FUND
ASSETS
12-10100 CASH COMBINED FUND 927,342.98
12-11110 SALES TAX RECEIVABLE 121,056.43
12-11550 ACCOUNTS RECEIVABLE - BILLINGS 11,000.00
TOTAL ASSETS 1,059,399.41
LIABILITIES AND EQUITY
LIABILITIES
12-20210 ACCRUED A/P AUDIT ( 43,697.09)
TOTAL LIABILITIES ( 43,697.09)
FUND EQUITY
12-27000 RESTRICTED RESERVE - TRANSPORT 210,000.00
UNAPPROPRIATED FUND BALANCE:
12-29800 UNASSIGNED FUND BALANCE - BOY 893,040.84
REVENUE OVER EXPENDITURES - YTD 55.66
BALANCE - CURRENT DATE 893,096.50
TOTAL FUND EQUITY 1,103,096.50
TOTAL LIABILITIES AND EQUITY 1,059,399.41
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
RESTRICTED REVENUE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
TAXES
12-31-100 RESTRICTED 1% GF SALES TAX .00 .00 800,000.00 800,000.00 .0
12-31-800 INTEREST INCOME 55.66 55.66 400.00 344.34 13.9
TOTAL TAXES 55.66 55.66 800,400.00 800,344.34 .0
INTERGOVENMENTAL
12-33-100 GRANTS & AID TO AGENCIES .00 .00 11,000.00 11,000.00 .0
TOTAL INTERGOVENMENTAL .00 .00 11,000.00 11,000.00 .0
OTHER SOURCES
12-39-999 UNASSIGNED FUND BALANCE .00 .00 696,976.89 696,976.89 .0
TOTAL OTHER SOURCES .00 .00 696,976.89 696,976.89 .0
TOTAL FUND REVENUE 55.66 55.66 1,508,376.89 1,508,321.23 .0
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
RESTRICTED REVENUE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
EXPENDITURES
12-40-610 TRANSPORTATION O&M .00 .00 400,000.00 400,000.00 .0
12-40-710 TRAILS O&M .00 .00 193,500.00 193,500.00 .0
12-40-715 TRAILS - CAPITAL EXPENDITURES .00 .00 30,000.00 30,000.00 .0
TOTAL EXPENDITURES .00 .00 623,500.00 623,500.00 .0
TOTAL FUND EXPENDITURES .00 .00 623,500.00 623,500.00 .0
NET REVENUE OVER EXPENDITURES 55.66 55.66 884,876.89 884,821.23 .0
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
CONSERVATION TRUST FUND
ASSETS
20-10100 CASH - COMBINED FUND 28,727.35
TOTAL ASSETS 28,727.35
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
20-29800 FUND BALANCE - BEGINNING OF YR 28,725.55
REVENUE OVER EXPENDITURES - YTD 1.80
BALANCE - CURRENT DATE 28,727.35
TOTAL FUND EQUITY 28,727.35
TOTAL LIABILITIES AND EQUITY 28,727.35
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CONSERVATION TRUST FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
REVENUE
20-30-100 CONS TRUST (LOTTERY) PROCEEDS .00 .00 7,000.00 7,000.00 .0
20-30-800 INTEREST EARNINGS 1.80 1.80 75.00 73.20 2.4
20-30-999 UNASSIGNED FUND BALANCE .00 .00 27,682.54 27,682.54 .0
TOTAL REVENUE 1.80 1.80 34,757.54 34,755.74 .0
TOTAL FUND REVENUE 1.80 1.80 34,757.54 34,755.74 .0
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CONSERVATION TRUST FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
EXPENDITURES
20-40-920 TRANSFER TO OTHER FUNDS .00 .00 10,000.00 10,000.00 .0
TOTAL EXPENDITURES .00 .00 10,000.00 10,000.00 .0
TOTAL FUND EXPENDITURES .00 .00 10,000.00 10,000.00 .0
NET REVENUE OVER EXPENDITURES 1.80 1.80 24,757.54 24,755.74 .0
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
CAPITAL EQUIP REPLACEMENT FUND
ASSETS
30-10100 CASH - COMBINED FUND 310,523.10
TOTAL ASSETS 310,523.10
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
30-29800 FUND BALANCE - BEGINNING OF YR 313,031.14
REVENUE OVER EXPENDITURES - YTD ( 2,508.04)
BALANCE - CURRENT DATE 310,523.10
TOTAL FUND EQUITY 310,523.10
TOTAL LIABILITIES AND EQUITY 310,523.10
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CAPITAL EQUIP REPLACEMENT FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
REVENUE
30-30-100 HWY USE TAX PROCEEDS .00 .00 48,346.46 48,346.46 .0
30-30-800 INTEREST EARNINGS 19.31 19.31 200.00 180.69 9.7
30-30-900 TRANSFER FROM G/F - POLICEDEPT .00 .00 84,000.00 84,000.00 .0
30-30-910 TRANSFER FROM G/F - PUBLICWORK .00 .00 170,000.00 170,000.00 .0
30-30-920 TRANSFER FROM UTILITY FUNDS .00 .00 90,000.00 90,000.00 .0
30-30-999 UNASSIGNED FUND BALANCE .00 .00 97,894.78 97,894.78 .0
TOTAL REVENUE 19.31 19.31 490,441.24 490,421.93 .0
TOTAL FUND REVENUE 19.31 19.31 490,441.24 490,421.93 .0
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CAPITAL EQUIP REPLACEMENT FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
EXPENDITURES
30-40-745 PUBLIC SAFETY FLEET PURCHASE .00 .00 84,000.00 84,000.00 .0
30-40-750 REGULAR FLEET PURCHASE .00 .00 140,000.00 140,000.00 .0
30-40-755 HEAVY EQUIPMENT PURCHASE .00 .00 150,000.00 150,000.00 .0
30-40-810 LEASE/PURCHASE - PRINCIPAL 2,429.52 2,429.52 100,000.00 97,570.48 2.4
30-40-820 LEASE/PURCHASE - INTEREST 97.83 97.83 15,000.00 14,902.17 .7
TOTAL EXPENDITURES 2,527.35 2,527.35 489,000.00 486,472.65 .5
TOTAL FUND EXPENDITURES 2,527.35 2,527.35 489,000.00 486,472.65 .5
NET REVENUE OVER EXPENDITURES ( 2,508.04) ( 2,508.04) 1,441.24 3,949.28 (174.0)
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
CAPITAL ASSET FUND
ASSETS
32-10100 CASH - COMBINED FUND ( 375,712.02)
TOTAL ASSETS ( 375,712.02)
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
32-29800 FUND BALANCE - BEGINNING OF YR ( 375,688.53)
REVENUE OVER EXPENDITURES - YTD ( 23.49)
BALANCE - CURRENT DATE ( 375,712.02)
TOTAL FUND EQUITY ( 375,712.02)
TOTAL LIABILITIES AND EQUITY ( 375,712.02)
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CAPITAL ASSET FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
CAPITAL ASSET REVENUE
32-30-800 INTEREST EARNINGS ( 23.49) ( 23.49) .00 23.49 .0
32-30-910 TRANSFER IN FROM GENERAL FUND .00 .00 750,000.00 750,000.00 .0
32-30-999 UNASSIGNED FUND BALANCE .00 .00 133.57 133.57 .0
TOTAL CAPITAL ASSET REVENUE ( 23.49) ( 23.49) 750,133.57 750,157.06 .0
TOTAL FUND REVENUE ( 23.49) ( 23.49) 750,133.57 750,157.06 .0
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CAPITAL ASSET FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
CAPITAL ASSET EXPENDITURES
32-40-810 CAPITAL PROJ- STREETS EXISTING .00 .00 700,000.00 700,000.00 .0
TOTAL CAPITAL ASSET EXPENDITURES .00 .00 700,000.00 700,000.00 .0
TOTAL FUND EXPENDITURES .00 .00 700,000.00 700,000.00 .0
NET REVENUE OVER EXPENDITURES ( 23.49) ( 23.49) 50,133.57 50,157.06 ( .1)
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
CROS FUND
ASSETS
35-10100 CASH COMBINED FUND 200,641.02
TOTAL ASSETS 200,641.02
LIABILITIES AND EQUITY
FUND EQUITY
UNAPPROPRIATED FUND BALANCE:
35-29800 FUND BALANCE - BEGINNING OF YR 200,628.47
REVENUE OVER EXPENDITURES - YTD 12.55
BALANCE - CURRENT DATE 200,641.02
TOTAL FUND EQUITY 200,641.02
TOTAL LIABILITIES AND EQUITY 200,641.02
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CROS FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
INTERGOVERNMENTAL - REVENUE
35-30-100 GRANTS AND AWARDS .00 .00 300,000.00 300,000.00 .0
35-30-130 INTEREST INCOME 12.55 12.55 .00 ( 12.55) .0
35-30-910 TRANSFER IN FROM GENERAL FUND .00 .00 326,379.00 326,379.00 .0
35-30-920 TRANSFER IN FROM CTF .00 .00 10,000.00 10,000.00 .0
35-30-999 CARRYOVER BALANCE .00 .00 274,891.87 274,891.87 .0
TOTAL INTERGOVERNMENTAL - REVENUE 12.55 12.55 911,270.87 911,258.32 .0
TOTAL FUND REVENUE 12.55 12.55 911,270.87 911,258.32 .0
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
CROS FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
PROJECT WIDE SCOPE - EXPENSES
35-40-320 LANDSCAPE .00 .00 50,000.00 50,000.00 .0
35-40-335 RESTROOMS .00 .00 250,000.00 250,000.00 .0
35-40-345 UTILITIES .00 .00 160,000.00 160,000.00 .0
TOTAL PROJECT WIDE SCOPE - EXPENSES .00 .00 460,000.00 460,000.00 .0
TOTAL FUND EXPENDITURES .00 .00 460,000.00 460,000.00 .0
NET REVENUE OVER EXPENDITURES 12.55 12.55 451,270.87 451,258.32 .0
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
DEBT SERVICE FUND
ASSETS
40-10100 CASH - COMBINED FUND 35,539.44
TOTAL ASSETS 35,539.44
LIABILITIES AND EQUITY
FUND EQUITY
40-27100 DSF COMMITTED RESERVE BALANCE 33,693.16
UNAPPROPRIATED FUND BALANCE:
40-29800 FUND BALANCE - BEGINNING OF YR 1,844.06
REVENUE OVER EXPENDITURES - YTD 2.22
BALANCE - CURRENT DATE 1,846.28
TOTAL FUND EQUITY 35,539.44
TOTAL LIABILITIES AND EQUITY 35,539.44
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
DEBT SERVICE FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
REVENUE
40-30-800 INTEREST EARNINGS 2.22 2.22 100.00 97.78 2.2
40-30-999 CARRYOVER BALANCE .00 .00 1,927.01 1,927.01 .0
TOTAL REVENUE 2.22 2.22 2,027.01 2,024.79 .1
TOTAL FUND REVENUE 2.22 2.22 2,027.01 2,024.79 .1
NET REVENUE OVER EXPENDITURES 2.22 2.22 2,027.01 2,024.79 .1
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
WATER FUND
ASSETS
50-10100 CASH - COMBINED FUND 2,544,793.65
50-10290 CASH W/TREASURER - COLLECTIONS 8,918.37
50-11500 A/R CUSTOMER SERVICE CHARGES 60,271.58
50-11560 A/R - DEFERRED PIF 651,933.34
50-16100 LAND 100,000.00
50-16200 BUILDINGS 3,040,174.49
50-16203 WELLS SYSTEM 958,079.74
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 651,359.86
50-17900 ACCUMULATED DEPRECIATION ( 264,164.67)
50-17901 ACCUMULATED DEPR - BLDGS& IMPR ( 1,363,498.00)
50-17902 ACCUMULATED DEPR - SYSTEM&IMPR ( 5,134,042.00)
TOTAL ASSETS 12,850,379.43
LIABILITIES AND EQUITY
LIABILITIES
50-20776 DUE TO GRAND PARK - TAPS 562,100.00
50-21100 ACCRUED PTO AND BENEFITS 8,046.00
50-22910 ROAD CUT SURITY FEES 12,443.75
50-22920 BULK WATER SECURITY DEP 21,500.00
TOTAL LIABILITIES 604,089.75
FUND EQUITY
50-27000 WF COMMITTED RESERVE BALANCE 600,000.00
50-27050 WF STRATEGIC RESERVES 194,025.00
UNAPPROPRIATED FUND BALANCE:
50-29800 RETAINED EARNINGS 11,513,944.32
REVENUE OVER EXPENDITURES - YTD ( 61,679.64)
BALANCE - CURRENT DATE 11,452,264.68
TOTAL FUND EQUITY 12,246,289.68
TOTAL LIABILITIES AND EQUITY 12,850,379.43
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
WATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
LICENSES & PERMITS
50-32-100 EXCAVATION PERMIT FEES .00 .00 275.00 275.00 .0
TOTAL LICENSES & PERMITS .00 .00 275.00 275.00 .0
CHARGES FOR SERVICES
50-34-100 CUSTOMER SERVICE CHARGES 183.50 183.50 1,093,074.84 1,092,891.34 .0
50-34-150 PENALTIES & INTEREST 2,253.53 2,253.53 5,000.00 2,746.47 45.1
50-34-200 PLANT INVESTMENT FEES .00 .00 154,000.00 154,000.00 .0
50-34-300 WATER METER SALES .00 .00 50,000.00 50,000.00 .0
TOTAL CHARGES FOR SERVICES 2,437.03 2,437.03 1,302,074.84 1,299,637.81 .2
MISCELLANEOUS REVENUE
50-36-100 INTEREST EARNINGS 149.45 149.45 3,000.00 2,850.55 5.0
50-36-900 MISCELLANEOUS REVENUE 190.00 190.00 2,500.00 2,310.00 7.6
TOTAL MISCELLANEOUS REVENUE 339.45 339.45 5,500.00 5,160.55 6.2
OTHER SOURCES & TRANSFERS
50-39-999 UNASSIGNED FUND BALANCE .00 .00 1,382,493.24 1,382,493.24 .0
TOTAL OTHER SOURCES & TRANSFERS .00 .00 1,382,493.24 1,382,493.24 .0
TOTAL FUND REVENUE 2,776.48 2,776.48 2,690,343.08 2,687,566.60 .1
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
WATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
EXPENDITURES
50-40-110 SALARIES 22,811.44 22,811.44 350,659.00 327,847.56 6.5
50-40-210 HEALTH INSURANCE 5,050.04 5,050.04 81,878.00 76,827.96 6.2
50-40-220 FICA TAX 1,641.34 1,641.34 26,825.00 25,183.66 6.1
50-40-230 RETIREMENT 1,717.80 1,717.80 35,066.00 33,348.20 4.9
50-40-250 UNEMPLOYMENT TAX 42.91 42.91 1,052.00 1,009.09 4.1
50-40-280 TRAINING PROGRAMS .00 .00 3,500.00 3,500.00 .0
50-40-290 TRAVEL, MEALS AND LODGING .00 .00 3,500.00 3,500.00 .0
50-40-295 MEALS AND ENTERTAINMENT .00 .00 2,000.00 2,000.00 .0
50-40-310 LEGAL FEES 6,025.00 6,025.00 65,000.00 58,975.00 9.3
50-40-330 ENGINEERING FEES 866.00 866.00 100,000.00 99,134.00 .9
50-40-360 COMPUTERS-NETWORKS AND SUPPORT 2,803.87 2,803.87 25,000.00 22,196.13 11.2
50-40-370 OTHER PROFESSIONAL SERVICES 219.34 219.34 105,000.00 104,780.66 .2
50-40-430 INSURANCE .00 .00 20,000.00 20,000.00 .0
50-40-440 ADVERTISING .00 .00 500.00 500.00 .0
50-40-460 SYSTEM REPAIR AND MAINT - PROD 10,053.88 10,053.88 245,000.00 234,946.12 4.1
50-40-465 SYSTEM REPAIR AND MAINT - DIST 4,215.52 4,215.52 162,000.00 157,784.48 2.6
50-40-490 PROFESSIONAL MEMBERSHIPS 300.00 300.00 9,500.00 9,200.00 3.2
50-40-500 OPERATING SUPPLIES-PRODUCTION 2,199.32 2,199.32 35,000.00 32,800.68 6.3
50-40-505 OPERATING SUPPLIES-DISTRIB 200.00 200.00 45,000.00 44,800.00 .4
50-40-510 EQUIPMENT PURCHASE AND REPAIR .00 .00 5,000.00 5,000.00 .0
50-40-520 TESTING 125.00 125.00 10,000.00 9,875.00 1.3
50-40-550 POSTAGE & BILLING SUPPLIES 700.00 700.00 3,000.00 2,300.00 23.3
50-40-560 UTILITIES - TELEPHONE 943.54 943.54 12,000.00 11,056.46 7.9
50-40-562 UTILITIES - ELECTRICITY 4,381.15 4,381.15 50,000.00 45,618.85 8.8
50-40-670 PROP MGMT - FRASER WTP .00 .00 60,000.00 60,000.00 .0
50-40-680 PROP MGMT - MARYVALE WTP .00 .00 5,000.00 5,000.00 .0
50-40-690 MISCELLANEOUS EXPENSE 2.65 2.65 1,500.00 1,497.35 .2
50-40-715 WATER RIGHTS - DIVERSION & DEV 157.32 157.32 65,000.00 64,842.68 .2
50-40-730 CAPITAL PROJECTS .00 .00 805,000.00 805,000.00 .0
50-40-930 TRANSFER TO CERF .00 .00 45,000.00 45,000.00 .0
50-40-970 TRANSFER TO RESERVES .00 .00 77,000.00 77,000.00 .0
50-40-980 TRANSFER TO STRATEGIC RESERVES .00 .00 77,000.00 77,000.00 .0
TOTAL EXPENDITURES 64,456.12 64,456.12 2,531,980.00 2,467,523.88 2.6
TOTAL FUND EXPENDITURES 64,456.12 64,456.12 2,531,980.00 2,467,523.88 2.6
NET REVENUE OVER EXPENDITURES ( 61,679.64) ( 61,679.64) 158,363.08 220,042.72 ( 39.0)
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
WASTEWATER FUND
ASSETS
55-10100 CASH - COMBINED FUND 5,352,260.52
55-10290 CASH W/TREASURER - COLLECTIONS 6,113.03
55-11500 A/R CUSTOMER SERVICE CHARGES 51,703.84
55-11560 A/R - DEFERRED PIF 635,000.00
55-11900 MISCELLANEOUS RECEIVABLES 7,378.40
55-13090 DUE FROM JFOC ( 4,430.00)
55-15950 CAP REPL RES HELD W/JFOC 920,714.60
55-15955 O&M RESERVE HELD W/JFOC 53,861.22
55-16100 LAND 144,320.40
55-16200 SEWER TREATMENT PLANT 3,399,895.89
55-16210 METER BUILDING & IMPROVEMENTS 8,056.39
55-16220 SEWER COLLECTION SYSTEM 11,179,204.75
55-16250 CONSOLIDATED COLLECTION SYSTEM 279,069.00
55-16400 EQUIPMENT 110,782.16
55-16450 CONSTRUCTION IN PROGRESS 2,826,086.00
55-17900 ACCUMULATED DEPRECIATION ( 1,400,458.64)
55-17901 ACCUMU DEPR - BLDG IMPROVE ( 8,073.00)
55-17905 ACCUM DEPR - PLANT/JFOC ( 69,767.24)
55-17910 ACCUM DEPR - SEWER COLLECT-FSD ( 5,659,734.89)
55-17915 ACCUM DEPR-EQUIPMENT ( 89,903.17)
TOTAL ASSETS 17,742,079.26
LIABILITIES AND EQUITY
LIABILITIES
55-21100 ACCRUED PTO AND BENEFITS 14,461.00
TOTAL LIABILITIES 14,461.00
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 2,055,000.00
UNAPPROPRIATED FUND BALANCE:
55-29800 RETAINED EARNINGS 12,865,592.30
55-29810 RETAINED EARNINGS - UNRESTRICT 59,753.00
55-29820 RETAINED EARNINGS - RESTRICTED 701,475.11
REVENUE OVER EXPENDITURES - YTD ( 55,202.15)
BALANCE - CURRENT DATE 13,571,618.26
TOTAL FUND EQUITY 17,727,618.26
TOTAL LIABILITIES AND EQUITY 17,742,079.26
TOWN OF FRASER
REVENUES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
WASTEWATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT
CHARGES FOR SERVICES
55-34-100 CUSTOMER SERVICE CHARGES 152.78 152.78 982,701.50 982,548.72 .0
55-34-150 PENALTIES & INTEREST 2,153.44 2,153.44 3,000.00 846.56 71.8
55-34-200 PLANT INVESTMENT FEES .00 .00 150,000.00 150,000.00 .0
TOTAL CHARGES FOR SERVICES 2,306.22 2,306.22 1,135,701.50 1,133,395.28 .2
MISCELLANEOUS REVENUE
55-36-100 INTEREST EARNINGS 326.26 326.26 10,000.00 9,673.74 3.3
55-36-500 JFF MANAGEMENT FEE .00 .00 37,800.00 37,800.00 .0
TOTAL MISCELLANEOUS REVENUE 326.26 326.26 47,800.00 47,473.74 .7
OTHER SOURCES & TRANSFERS
55-39-999 UNASSIGNED FUND BALANCE .00 .00 4,556,961.15 4,556,961.15 .0
TOTAL OTHER SOURCES & TRANSFERS .00 .00 4,556,961.15 4,556,961.15 .0
TOTAL FUND REVENUE 2,632.48 2,632.48 5,740,462.65 5,737,830.17 .1
TOWN OF FRASER
EXPENDITURES WITH COMPARISON TO BUDGET
FOR THE 1 MONTHS ENDING JANUARY 31, 2022
WASTEWATER FUND
PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT
EXPENDITURES
55-40-110 SALARIES 24,660.83 24,660.83 378,751.00 354,090.17 6.5
55-40-210 HEALTH INSURANCE 5,378.10 5,378.10 87,908.00 82,529.90 6.1
55-40-220 FICA TAX 1,780.08 1,780.08 28,974.00 27,193.92 6.1
55-40-230 RETIREMENT 1,851.83 1,851.83 36,291.00 34,439.17 5.1
55-40-250 UNEMPLOYMENT TAX 46.55 46.55 1,136.00 1,089.45 4.1
55-40-280 TRAINING PROGRAMS .00 .00 3,000.00 3,000.00 .0
55-40-290 TRAVEL, MEALS AND LODGING .00 .00 3,000.00 3,000.00 .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 85,000.00 85,000.00 .0
55-40-360 COMPUTERS-NETWORKS AND SUPPORT 2,803.85 2,803.85 15,000.00 12,196.15 18.7
55-40-370 OTHER PROFESSIONAL SERVICES 219.35 219.35 45,000.00 44,780.65 .5
55-40-410 BANK CHARGES .00 .00 100.00 100.00 .0
55-40-430 INSURANCE .00 .00 12,000.00 12,000.00 .0
55-40-440 ADVERTISING .00 .00 500.00 500.00 .0
55-40-460 SYSTEM REPAIR AND MAINT-COLLEC .00 .00 150,000.00 150,000.00 .0
55-40-490 PROFESSIONAL MEMBERSHIPS .00 .00 6,000.00 6,000.00 .0
55-40-500 OPERATING SUPPLIES-COLLECTIONS .00 .00 5,500.00 5,500.00 .0
55-40-510 EQUIPMENT PURCHASE AND REPAIR .00 .00 55,000.00 55,000.00 .0
55-40-520 TESTING .00 .00 1,000.00 1,000.00 .0
55-40-550 POSTAGE & BILLING SUPPLIES 700.00 700.00 2,500.00 1,800.00 28.0
55-40-560 UTILITIES - TELEPHONE 242.90 242.90 5,000.00 4,757.10 4.9
55-40-650 WW TREATMENT CHARGES/JFOC 20,148.49 20,148.49 325,000.00 304,851.51 6.2
55-40-690 MISCELLANEOUS EXPENSE 2.65 2.65 3,000.00 2,997.35 .1
55-40-730 CAPITAL PROJECTS .00 .00 70,000.00 70,000.00 .0
55-40-930 TRANSFER TO CERF .00 .00 45,000.00 45,000.00 .0
55-40-970 TRANSFER TO RESERVES .00 .00 50,000.00 50,000.00 .0
TOTAL EXPENDITURES 57,834.63 57,834.63 1,421,660.00 1,363,825.37 4.1
TOTAL FUND EXPENDITURES 57,834.63 57,834.63 1,421,660.00 1,363,825.37 4.1
NET REVENUE OVER EXPENDITURES ( 55,202.15) ( 55,202.15) 4,318,802.65 4,374,004.80 ( 1.3)
TOWN OF FRASER
BALANCE SHEET
JANUARY 31, 2022
GENERAL FIXED ASSETS
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