HomeMy Public PortalAboutResolution 2023-11-11 Summarizing Revenues and Expenditures for Each Fund and Adopting the Budget for Fiscal Year 2024TOWN OF FRASER
RESOLUTION NO. 2023-11-11
SUMMARIZING REVENUES AND EXPENDITURES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE FISCAL YEAR 2024
WHEREAS, The Board of Trustees of the Town of Fraser has appointed the Town
Manager to prepare and submit a proposed budget to said governing body at the proper
time; and
WHEREAS, the Town Manager has submitted a proposed budget to said governing
body for its consideration; and
WHEREAS, upon due notice published in accordance with Colorado Statutes, the
budget was available at the Fraser Town Hall and public hearings were held on November
15, 2023 giving interested taxpayers the opportunity to file or register any objections to said
budget; and
WHEREAS, the proposed budget remains in balance, as required by law.
NOW THEREFORE, BE IT RESOLVED by the Board of Trustees of The Town of
Fraser, Colorado that:
SECTION 1. Revenues for each fund are set as follows:
General Fund $ 12,053,944
Restricted Revenue Fund $ 1,554,659
Conservation Trust Fund $ 34,656
Capital Equipment Replacement Fund $ 214,145
Capital Asset Fund $ 784,134
CROS Fund (a Special Revenue Fund) $ 195,025
Debt Service Fund $ 2,227
Water Fund $ 3,111,374
Wastewater Fund $ 4,249,516
Fraser Housing Authority Fund $ 175,000
Joint Facilities Fund -O&M $ 1,407,807
Joint Facilities Fund -CRR $ 1,795,725
Joint Facilities Fund - Nutrients $ 737,145
SECTION 2. Expenditures for each fund are estimated as follows:
General Fund $ 9,721,743
Restricted Revenue Fund $ 1,240,056
Conservation Trust Fund $ 10,000
Capital Equipment Replacement Fund $ 105,000
Capital Asset Fund $ 400,000
CROS Fund (a Special Revenue Fund) $ 195,000
Debt Service Fund $ 0
Water Fund $ 2,880,203
Wastewater Fund $ 1,826,803
Fraser Housing Authority Fund $ 0
Joint Facilities Fund -O&M $ 1,181,439
Joint Facilities Fund -CRR $ 1,780,000
Joint Facilities Fund - Nutrients $ 566,432
SECTION 3. Any and all year-end fund balances shall be considered an
Unassigned Fund Balance increase and therefore part of the 2023 fiscal year
spending, within the meaning of article X, section 20(2)(e) of the Colorado
Constitution. The Budget, as submitted, and herein above submitted by fund,
hereby is adopted and approved as the Budget for the Town of Fraser for the
fiscal year 2024.
Said Budget is hereby approved and made part of the public records of the Town.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF
TRUSTEES THIS 15th DAY OF NOVEMBER 2023.
Votes in favor:
Votes opposed:
Abstained: I_
BOARD OF TRUSTEES OF THE
TOWN OF SER, COLORADO
BY:
Mayor
ATTEST:
nrlc-
Town Clerk