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
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SEAL Tow-11.-614
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