HomeMy Public PortalAboutResolution 2015-12-15 Transferring Funds to Reserves TOWN OF FRASER
RESOLUTION NO. 2015-12-15
A RESOLUTION TRANSFERRING FUNDS TO RESERVES
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT:
1. That the Fraser Town Board hereby transfers to committed reserves from unassigned fund
balance the following amounts:
• General Fund - $250,000 transfer to committed reserves for emergencies,
bringing the total committed reserve to $1,000,000.
• Water Fund - $40,000 transfer to committed reserves for O&M emergencies,
bringing the total committed reserve to $500,000.
• Wastewater Fund - $500,000 transfer to committed reserves for wastewater
O&M emergencies, $221,000 transfer to committed reserves for capital
emergencies within the collections system, and $330,000 to committed reserves
for JFF capital emergencies.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 2nd DAY OF DECEMBER, 2015.
Votes in favor: (n BOARD TRUSTEES OF THE
Votes opposed: I TOWN OF BASER, C LORADO
Absent: A_
Abstained: BY: Z "Xt_s_1717 _2
Mayor,
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Town Clerk
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