HomeMy Public PortalAboutResolution 2011-12-04 Aummarizing Expenditures and Revenues for Each Fund and Adopting the Budget for the Town of Fraser for the Calendar and Fiscal Year 2012TOWN OF FRASER
RESOLUTION NO. 2011 -12 -04
SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE CALENDAR AND FISCAL YEAR 2012
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;
WHEREAS, the Town Manager has submitted a proposed budget to said governing
body for its consideration;
WHEREAS, upon due notice and published in accordance with Colorado Statutes, the
budget was available at the Fraser Town Hall and a public hearing was held on Nov. 2; Nov. 16,
and December 7, 2011 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:
SECTION 1. That expenditures for each fund are set as follows:
General Fund
Conservation Trust Fund
(A Special Revenue Fund)
Capital Equipment Replacement Fund
Capital Asset Fund
FREP Fund (a Special Revenue Fund)
Debt Service Fund
Water Fund
Wastewater Fund
Petersen Trust
(An Expendable Trust Fund)
Joint Facilities Fund O &M
Joint Facilities Fund CRR
2,759,781
$0
245,000
250,000
$0
330,650
1,007,815
627,420
12,282
747,217
$193,500
SECTION 2. That revenues for each fund are estimated as follows:
General Fund 4,052,383
Conservation Trust Fund
(A Special Revenue Fund) 32,683
Capital Equipment Replacement Fund 566,763
Capital Asset Fund 311,811
FREP Fund (a Special Revenue Fund) $0
Debt Service Fund 330,650
Water Fund 1,013,520
Wastewater Fund 2,720,153
Petersen Trust
(An Expendable Trust Fund) 12,282
Joint Facilities Fund O &M 994,579
Joint Facilities Fund CRR 2,668,000
SECTION 3. Any and all year -end fund balances shall be considered a "reserve
increase" and therefore part of the 2010 fiscal year spending, within the meaning of
article X, section 20(2)(e) of the Colorado Constitution.
That the Budget, as submitted, amended and herein above submitted by fund, hereby is
adopted and approved as the Budget for the Town of Fraser for the calendar and fiscal
year 2012.
That said Budget hereby approved, shall be signed by the Mayor of the Town of Fraser
and made part of the public records of the Town.
DULY MOVED, SECONDED, AND ADOPTED THIS 7 DAY OF DECEMBER, 2011.
Votes in favor: 7
Votes opposed:
Absent:
Abstained: BY: C-..
Mayor
(SEAL)
BOARD OF TRUSTEES OF THE
TOWN OF FRASER, COLORADO
ATTEST:
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Town Clerk d