HomeMy Public PortalAboutResolution 2014-12-16 Summarizing Expenditures and Revenues for Each Fund and Adopting the Busdget for the Town of Fraser for the Calendar and Fiscal Year 2015TOWN OF FRASER
RESOLUTION NO. 2014-12-16
SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE CALENDAR AND FISCAL YEAR 2015
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. 5; Nov. 19,
December 3, 2014 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
$ 3,402,053
Conservation Trust Fund
$ 10,000
Capital Equipment Replacement Fund
$ 203,418
Capital Asset Fund
$ 2,138,038
FREP Fund (a Special Revenue Fund)
$ 0
Debt Service Fund
$ 329,800
Water Fund
$ 1,567,708
Wastewater Fund
$ 1,042,936
Joint Facilities Fund - O&M
$ 839,332
Joint Facilities Fund - CRR
$ 170,700
SECTION 2. That revenues for each fund are estimated as follows:
General Fund
$ 4,345,578
Conservation Trust Fund
$ 13,414
Capital Equipment Replacement Fund
$ 530,174
Capital Asset Fund
$ 2,138,038
FREP Fund (a Special Revenue Fund)
$ 0
Debt Service Fund
$ 329,800
Water Fund
$ 1,577,416
Wastewater Fund
$ 3,653,401
Joint Facilities Fund - O&M
$ 1,035,721
Joint Facilities Fund - CRR
$ 1,891,684
SECTION 3. Any and all year-end fund balances shall be considered a "reserve
increase" and therefore part of the 2015 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 2015.
That 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 3rd DAY OF DECEMBER, 2014.
Votes in favor:
Votes opposed
Absent:
Abstained:
BOARD O RUSTEES OF THE
TOWN F ASE ORADO
BY:
M yo
ATTEST:
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Town Clerk