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Home My Public Portal About19901204 - BUDGET HEARING MINUTES TOWN OF AULT BOARD OF TRUSTEES 111 PUBLIC HEARING 1991 BUDGET DECEMBER 4, 1990 MINUTES OF THE PUBLIC 1991 BUDGET HEARING HELD DECEMBER 4, 1990 at 7:00 P.M. PRESENT: MAYOR R. EDGAR GIECK TRUSTEE HOFF TRUSTEE MARSH TRUSTEE HOVEL TRUSTEE HOOVER TRUSTEE RAU (ARRIVED AT 7:02 P.M. ) ALSO PRESENT: TOWN CLERK/TREASURER, PAT LESH ONE AUDIENCE MEMBER MAYOR GIECK PRESIDED 1991 Patricia J. Lesh, Budget Officer submitted a proposed BUDGET budget for review. The proposed budget was submitted DRAFT to the governing body at the proper time. Due and SUBMITTED proper notice was published in accordance with the Law, said proposed budget was open for inspection by the public at the Office of the Clerk until 7:00 p.m. , December 4. A public hearing was held this evening, and interested taxpayers were given the opportunity to file or register any objections to said proposed budget. Whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains in balance as required by Law. Estimated expenditures for each fund are as follows: GENERAL FUND $287,460 WATERWORKS FUND 158,860 SEWER FUND 64,970 CONSERVATION TRUST FUND 4,500 STORM DRAINAGE FUND -0- CEMETERY TRUST FUND 2,500 LIBRARY FUND 32,816 Estimated revenues for each fund are as follows: GENERAL FUND Property Taxes Levied $ 41 ,750 Other Revenue/Transfers 245,900 111 TOTAL GENERAL FUND $287,650 WATERWORKS FUND $160,000 SEWER FUND 67,500 CONSERVATION TRUST FUND 4,800 STORM DRAINAGE FUND 850 CEMETERY TRUST FUND 3,800 LIBRARY FUND 33,261 PAGE 1 , 1990, December 4 RESOLUTION A resolution summarizing expenditures and revenues for NO.8-90 each fund and adopting for the a budget for the Town of Ault, calendarye ar beg inning on t January, 1991 , and ending on te last eday rof December, 1991 , was read by the Clerk. MOTION WAS MADE BY TRUSTEE HOVEL to adopt Resolution No. 8-90. RECORDED VOTE: YEAS: TRUSTEES HOFF, MARSH, HOVEL, RAU, HOOVER AND MAYOR GIECK 6 RESOLUTION A resolution appropriating sums of money to the various NO. 10-90 funds and spending agencies in the amounts and for the purposes set forth, for the Town of Ault, for the 1991 Budget, was read by the Clerk. MOTION WAS MADE BY TRUSTEE MARSH, to adopt resolution No. 10-90. RECORDED VOTE: YEAS: TRUSTEES HOFF, MARSH, HOVEL, RAU, HOOVER AND MAYOR GIECK 6 RESOLUTION A resolution levying general property taxes for the year NO.9-90 1991 , to help defray the cost of government for the Town of Ault, Colorado for the 1991 budget year, was read by the Clerk. MOTION WAS MADE BY TRUSTEE RAU, to adopt Resolution No.9-90, Levying a tax of 10.496 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 1991 . RECORDED VOTE: YEAS: TRUSTEES HOFF, MARSH, HOVEL, RAU, HOOVER AND MAYOR GIECK 6 CERTIFICATION MOTION WAS MADE BY TRUSTEE HOVEL, to certify the total OF TAX LEVIES Levy of 10.496 mills to be extended upon the total assessed valuation of $3,982,060 to produce $41 ,796 in revenue. There being no further business to come before the Board at this time, the Public Hearing adjourned at 7:55 p.m. A OR .R.. EDG,R GIECK ATTEST: 11/ PATRICIA J LESH, TOWN CLERK PAGE 2, 1990, December 4 RESOLUTION NO. 8-90 TOWN OF AULT, COLORADO 111 RESOLUTION TO ADOPT BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AULT, COLORADO, FOR THE CALENDAR YEAR BEGINNING THE FIRST DAY OF JANUARY, 1991 , AND ENDING ON THE LAST DAY OF DECEMBER, 1991. WHEREAS, the Board of Trustees of the Town of Ault has appointed Patricia J. Lesh, Town Clerk/Treasurer to prepare and submit a proposed budget to said governing body at the proper time, and; WHEREAS, upon due and proper notice, published in accordance with the law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on December 4, 1990, and interested taxpayers were given the opportunity to file or register any objections to said proposed budget, and; WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains in balance, as required by law. NOW, THEREFORE, BE IT RESOLVED BY THE Board of Trustees of the Town of Ault, Colorado: Section 1 . That estimated expenditures for each fund are as follows: General Fund $287,460 Waterworks Fund 158,860 Sewer Fund 64,970 Conservation Trust Fund 4,500 Storm Drainage fund _0_ • Cemetery Trust Fund 2,500 111 Library Fund 32,816 Page one of two RESOLUTION NO. 8-90 - CONTINUED Section 2. That estimated revenues for each fu nd are as follows: { General Fund Property taxes levied $ 41 ,750 50 Other revenue/transfers 245,900 . 0 . Total General Fund Waterworks Fund $ 287,650 160,000 Sewer Fund Conservation Trust Fund 67,500 Strom Drainage Fund 4,800 Cemetery Trust Fund 850 Library Fund 3,800 33,261 Section 3. That the budget as submitte d, amended, and hereinabove summarized by fund, herebyis approved and adopted as the budget of the Town of Ault for the year stated above. Section 4. That the budget hereby approved and S19ned by the Mayor and Town Clerk- adopted shall be and made a part of the. ub ' records of the Town of Ault. P lic ADOPTED, the 4th day of December, A.D. , 1990 Yo • ( gar iec Attest: Patricia J. Lesi Town Clerk 11/ Page two of two RESOLUTION NO. 9-90 TOWN OF AULT, COLORADO RESOULTION TO SET MILL LEVIES A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 1991 , TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN OF AULT, COLORADO FOR THE 1991 BUDGET YEAR. WHEREAS, the Board of Trustees of the Town of Ault must certify their mill levy to the Board of County Commissioners of Weld County by December 15, 1990 for the 1991 budget year, and; WHEREAS, the amount of money necessary to balance for general operating expenses is $41 ,750. , and; WHEREAS, the 1991 valuation for assessment for the Town of Ault, as certified by the Division of Local Government is $3,982,060. NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF AULT, COLORADO: Section 1 . That for the purpose of meeting all general operating expenses of the Town of Ault during the 1991 budget year, there is hereby levied a tax of 10.496 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 1991 . Section 2. That the Town Clerk is hereby authorized and directed to immediately certify to the County Commissioners of Weld County, Colorado, the mill levies for the Town of Ault as hereinabove determined and set. ADOPTED, this day of , 1990, A.D. et1 R. Edgar ieck, Mayor ATTEST: • Patricia J. Lesh, Town Clerk RE.SOULTION NO. 10-90 TOWN OF AULT, COLORADO RESOLUTION TO APPROPRIATE SUMS OF MONEY A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND AGENCIES, IN THE AMOUNTS AND FOR THE PURPOSES AS SET FORTH BELOW, FORNTIEG FOR TOWN OF AULT, COLORADO, FOR THE 1991 , BUDGET YEAR. THE WHEREAS, the Board of Trustees has adopted the annual budget et in with the Local Government Budget Law on December 4, 1990, accordance WHEREAS, the Board of Trustees has made provisions therein for r an amount equal to or greater than the totalevenues in forth in the said budget, and; proposed expenditures as set WHEREAS, it is not only required by law, but also necessary to appropriate revenues provided in the budget to and for the purpose described below, so the as not to impair the operation of the Town. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN COLORADO: OF AULT, Section 1 . That the following sums are hereby appropriated from the revenues of each fund, to each fund, for the purpose stated: General Fund Total General Fund $287,460 Waterworks Operating Fund Total Waterworks Operating Fund 158,860 Sewer Fund Total Sewer Fund 64,970 Conservation Trust Fund Total Conservation Trust Fund 4,500 Storm Drainage Fund Total Storm Drainage Fund -0- Cemetery Trust Fund Total Cemetery Trust Fund 2,500 Library Fund Total Library Fund 32,816 ADOPTED, this 4th day of December , 1990 A.D. idv 1/Ate4Pho ATTEST: R. Edgar deck, Mayor Patricia J. Lesh, Town Clerk/Treasurer CER IF'I C ATI CN OF TAX LEVIES TO: County Cca dssione.rs of Weld County, Colorado. Dear Commissioners: For the year 19 91 , the Board of Trustees of the (governing may) _T9 w n___.o f A ut hereby certifies a total levy of (unit of government) 10 . 496 mills to be extended by you upon the total assessed valuation of $ 3 , 982 , 060 to produce $ 41 , 796 in revenue. The levies and revenues are for the following purposes: Levy Revenue 1. General Operating Expanses 10 .496 mills $ 41 , 796 2. Tax Credits • mills $ 3. Refunds/Abatements mi lls $ SUBTOTAL , mills $ 4. General Obligation Bonds nulls $ and Interest 5. Cont./actual Obligations malls $ Approved at Election 6. Capital LVenditures levied mills $ pursuant to 29-1-301(1.2) or 29-1-302(1.5) CRS. • 7. Expenses Incurred in Re- appraisal Ordered ar Conducted by State Board (County only) • 8. Payri nt to state of Excess State • mills $ Equalization payments to school districts (County only) 9. For Operation and IirproverD nt of mills $ County Assessor or Office (County only, 1989) • . 10. Other (specify) mills $ TOTAL 10 .496 innll4 $ 41 , 796 Contact Person: pa i-r f r_I a J . Le_s h Daytime Phone # 8 3 4-2 8 4 4 (please print) Signed Title Town Clerk/Treasurer NOTE: Certification must be to three decimal places only. Send copy to Division of Local Government. If you are located in more than one county, please list all counties here: II Worksheet for CalQujtin_g Needect Property Tax Reyenue 1 . Total Expenditures $ 551 , 10,6 2 . Carryover needed next year $ 763 , 513 less 770 . 568 6 , 755 Beginning & ending fund balance 3 . Total (line #1 + line #2) $ 557 , 861 4 . Less total financial resources $ 516 , 111 5. Net Property tax revenue (line #3 minus #4) $ 41 , 750 6. Add Treasurer' s fee $ Included in budget 7 . Add allowance for delinquent taxes $ Included in budget 8 . Gross property tax revenue needed $. 41 , 750 (line #5 + line #6 + line #7) 7-37