HomeMy Public PortalAboutResolution 2012-12-20 Summarizing Expenditures and Revenues for Each Fund and Adopting the Budget for Calendar and Fiscal Year 2013 TOWN OF FRASER
RESOLUTION NO. 2012-12-20
SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE CALENDAR AND FISCAL YEAR 2013
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. 7; Nov. 21,
and December 5, 2012 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 $ 2,230,794
Conservation Trust Fund $ 21,500
Capital Equipment Replacement Fund $ 230,000
Capital Asset Fund $ 250,000
FREP Fund (a Special Revenue Fund) $ 0
Debt Service Fund $ 505,860
Water Fund $ 969,595
Wastewater Fund $ 670,110
Joint Facilities Fund - O&M $ 749,972
Joint Facilities Fund - CRR $ 379,000
SECTION 2. That revenues for each fund are estimated as follows:
General Fund $ 3,781,962
Conservation Trust Fund $ 21,729
Capital Equipment Replacement Fund $ 590,000
Capital Asset Fund $ 291,325
FREP Fund (a Special Revenue Fund) $ 0
Debt Service Fund $ 505,860
Water Fund $ 993,957
Wastewater Fund $ 2,749,733
Joint Facilities Fund - O&M $ 997,934
Joint Facilities Fund - CRR $ 2,467,244
SECTION 3. Any and all year-end fund balances shall be considered a "reserve
increase" and therefore part of the 2013 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 2013.
That said Budget is hereby approved and made part of the public records of the Town.
DULY MOVED, SECONDED, AND ADOPTED THIS 5th DAY OF DECEMBER, 2012.
Votes in favor: 7 BOARD OF TRUSTEES OF THE
Votes opposed: TOWN O RASER, QLORADO
Absent:
Abstained: BY: - �'
Mayor
ATTEST:
(SEAL) &A_Q
Town Jerk