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Home My Public Portal About2017 County Submittal COLOR- i„,, (Si . 11b,, 4 4! .460 ADO December 13, 2016 Financial Director Grand County P.O. Box 264 Hot Sulphur Springs, CO 80451 Re: Tax Levy Certification, Adoption of 2017 Budget Attached is the 2017 Certification of Tax Levies and associated Resolutions for the Town of Fraser, Grand County, Colorado submitted pursuant to Section 29-1-113 C.R.S. The 2017 Budget was adopted by the Board of Trustees of the Town of Fraser on December 7, 2016. If there are any questions on the Budget, please contact Jeff Durbin, Town Manager, at 970-726-5491. The mill levy certified to the Grand County Commissioners is 5.886 mills for general operating purposes. Based on the gross assessed valuation of$ 35,573,910, property tax revenues are $ 209,388 respectively for the mill levy. I hereby certify that the enclosed are true and accurate copies of the Certification of Tax Levies and associated Resolutions to the Board of County Commissioners, Grand County, Colorado as found in the records of the Town of Fraser, Colorado. -Regards, ,Jeffrey L. Durbin Town Manager enclosures TOWN OF FRASER RESOLUTION NO. 2016-12-11 LEVYING PROPERTY TAXES TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR FRASER, COLORADO, FOR THE BUDGET YEAR 2017 WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual budget in accordance with all Local Government Laws, on December 7, 2016; and WHEREAS, the 2017 final valuation for Fraser, as certified by the County Assessor on November 28, 2016, is $35,573,910. NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of Fraser, Colorado that: SECTION 1. For the purpose of meeting all general operation expenses of the Town during the 2017 Budget year, there is hereby levied a tax of 5.886 mills upon each and every dollar of valuation for assessment of all properties within the Town of Fraser for the year 2017. Based upon the November 28, 2016 final assessed valuation certification as provided by the County Assessor, this would result in an amount of $209,388.03. SECTION 2. The Town Manager is hereby authorized and directed to immediately certify to the County Commissioners of the County of Grand, the mill levies for the Town of Fraser as herein above described and fixed. READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES THIS 7th DAY OF DECEMBER, 2016. Votes in favor: Cia BOARD OF TRUSTEES OF THE Votes opposed: TOmI OF,FRASER, COLORADO Absent: Abstained: BY: \ ~r Mayor (SEAL) or Fr�SATTEST: F - LC Li ici z,.5 SEAL Town Cie}k County Tax Entity Code DOLA LGID/SID / CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments TO: County Commissioners' of Grand County Colorado. On behalf of the Town of Fraser (taxing entity)A the Board of Trustees (governing body)B of the Town of Fraser (local govemment)C Hereby officially certifies the following mills to be levied against the taxing entity's GROSS $ 35,573,910 assessed valuation of: (GROSSO assessed valuation,Line 2 of the Certification of Valuation Form DLG 57E) Note: If the assessor certified a NET assessed valuation (AV)different than the GROSS AV due to a Tax Increment Financing(TIF)AreaF the tax levies must be $ 35,573,910 calculated using the NET AV. The taxing entity's total (NETG assessed valuation,Line 4 of the Certification of Valuation Form DLG 57) property tax revenue will be derived from the mill levy multiplied against the NET assessed valuation of: Submitted: 12/8/16 for budget/fiscal year 2017 (not later than Dec.15) (mm/dd/yyyy) (yyyy) PURPOSE(see end notes for definitions and examples) LEVY2 REVENUE2 1. General Operating Expenses" 5.886 mills $ 209,388.03 <Minus>Temporary General Property Tax Credit/ Temporary Mill Levy Rate Reduction' < 0 > mills $ < 0 > SUBTOTAL FOR GENERAL OPERATING: mills S 3. General Obligation Bonds and Interest' 0 mills $ 0 4. Contractual Obligations" 0 mills $ 0 5. Capital Expenditures' 0 mills $ 0 6. Refunds/Abatements' 0.0 mills $ 0 7. Other" (specify): 0 mills $ 0 0 mills $ 0 TOTAL: SumofGeneraloeperating Subtotal and Lines 3 to 7 5.886 mills $ 209,388.03 Contact person: Daytime (print) Jeffre D.Agaill phone: (970 ) 726-5491 Signed: -- Title: Town Manager Include one copy of thi atx'ntily's completed form when filing the local government's budget by January 31st,per 29-1-113 C.R.S.,with the Division of Local ernment(DLG),Room 521, 1313 Sherman Street,Denver,CO 80203. Questions? Call DLG at(303)866-2156. t If the taxing entity's boundaries include more than one county,you must certify the levies to each county. Use a separate form for each county and certify the same levies uniformly to each county per Article X,Section 3 of the Colorado Constitution. 2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation(Line 4 of Form DLG57 on the County Assessor's final certification of valuation). Form DLG 70(rev 7/08) Page 1 of 4 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: yi BOAR ..QF TRUSTEES OF THE Votes opposed: , ) TOW�FRASER, COLORADO Absent: J „� Abstained: C) BY: Mayor (S E A L) / �� Fisc ATTEST: 1) e:er&- 0 6.4- 4 (-/C).*LW SEAL Town Clerk cbi.pRADQ.,1 TOWN OF FRASER RESOLUTION NO. 2016-12-12 APPROPRIATING SUMS OF MONEY TO VARIOUS FUNDS AND SPENDING AGENCIES, IN THE AMOUNT AND FOR THE PURPOSE AS SET FORTH BELOW, FOR THE TOWN OF FRASER, COLORADO FOR THE BUDGET YEAR 2017 WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual budget in accordance with Colorado's Revised Statutes on December 7, 2016; WHEREAS, the Board of Trustees has made provisions therein for the revenues in an equal amount or greater than the total expenditures as set forth in said budget; and WHEREAS, it is not only required by law, but necessary to appropriate the revenues provided in the budget to and for the purposes described below, so as not to impair the operations of the Town of Fraser, Colorado. NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of Fraser, Colorado that: SECTION 1. The following sums of money are appropriated from the revenues provided of each fund, for the purposes stated: 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 $ $50,888 Joint Facilities Fund - CRR $ 521,000 SECTION 2. 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. READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES THIS 7`h DAY OF DECEMBER, 2016. Votes in favor: / BOARD OF TRUSTEES OF THE Vot enopposed: ` TOWN RASER, COLORADO Abstained: . BY: Mayor �1.1 p,s ATTEST: (SEAL) • 611') (-/.-K- /1 1,k;Ja-k0-tittc; dog SEAL Town Clerk _, C'{7 ORAO9�,,-'