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HomeMy Public PortalAboutResolution 2016-12-10 Summarizing Revenues and Expenditures for Each Fund and Adopting the Budget for the Town of Fraser for the Fiscal Year 2017 TOWN OF FRASER RESOLUTION NO. 2016-12-10 SUMMARIZING REVENUES AND EXPENDITURES FOR EACH FUND AND ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO FOR THE FISCAL YEAR 2017 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; and WHEREAS, the Town Manager has submitted a proposed budget to said governing body for its consideration; and WHEREAS, upon due notice published in accordance with Colorado Statutes, the budget was available at the Fraser Town Hall and public hearings were held on Nov. 2; Nov. 16, December 7, 2016 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 that: SECTION 1. Revenues for each fund are set as follows: General Fund $ 4,587,264 Restricted Revenue Fund $ 580,250 Conservation Trust Fund $ 25,185 Capital Equipment Replacement Fund $ 663,767 Capital Asset Fund $ 162,051 FREP Fund (a Special Revenue Fund) $ 0 Debt Service Fund $ 474,585 Water Fund $ 2,122,441 Wastewater Fund $ 2,977,413 Joint Facilities Fund - O&M $ 1,051,128 Joint Facilities Fund - CRR $ 1,936,255 SECTION 2. Expenditures for each fund are estimated as follows: General Fund $ 3,163,692 Restricted Revenue Fund $ 521,300 Conservation Trust Fund $ 0 Capital Equipment Replacement Fund $ 315,418 Capital Asset Fund $ 162,000 FREP Fund (a Special Revenue Fund) $ 0 Debt Service Fund $ 474,585 Water Fund $ 1,631,969 Wastewater Fund $ 720,931 Joint Facilities Fund - O&M $ 850,888 Joint Facilities Fund - CRR $ 521,000 SECTION 3. Any and all year-end fund balances shall be considered an Unassigned Fund Balance increase and therefore part of the 2017 fiscal year spending, within the meaning of article X, section 20(2)(e) of the Colorado Constitution. The Budget, as submitted, and herein above submitted by fund, hereby is adopted and approved as the Budget for the Town of Fraser for the fiscal year 2017. 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 7th DAY OF DECEMBER, 2016. Votes in favor: BOAR F TRUSTEES OF THE Votes opposed: 43 TOWN OFF FRASER, COLORADO Absent: Abstained: BY: Mayor OF F;1y ATTEST: lai1/4( 4 / ,(SEAL) �� W2�5 SEAL Tow-11.-614 O<ORACP