HomeMy Public PortalAboutResolution 2017-12-09 Summarizing Renenues and Expenditures for Each Fun and Adopting 2018 BUdget TOWN OF FRASER
RESOLUTION NO. 2017-12-09
SUMMARIZING REVENUES AND EXPENDITURES FOR EACH FUND AND
ADOPTING THE BUDGET FOR THE TOWN OF FRASER, COLORADO
FOR THE FISCAL YEAR 2018
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. 1; Nov. 15,
December 6, 2017 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 7,010,573
Restricted Revenue Fund 501,326
Conservation Trust Fund 31,397
Capital Equipment Replacement Fund 535,914
Capital Asset Fund 1,316,869
FREP Fund (a Special Revenue Fund) 0
Debt Service Fund 0
Water Fund 2,235,613
Wastewater Fund 3,579,755
Joint Facilities Fund -O&M 1,076,928
Joint Facilities Fund -CRR 2,476,255
SECTION 2. Expenditures for each fund are estimated as follows:
General Fund 6,678,619
Restricted Revenue Fund 500,000
Conservation Trust Fund 25,000
Capital Equipment Replacement Fund 525,000
Capital Asset Fund 1,200,000
FREP Fund (a Special Revenue Fund) 0
Debt Service Fund 0
Water Fund 2,227,100
Wastewater Fund 1,307,030
Joint Facilities Fund -O&M 874,240
Joint Facilities Fund -CRR 2,425,000
SECTION 3. Any and all year-end fund balances shall be considered an Unassigned
Fund Balance increase and therefore part of the 2018 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 2018.
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 6th DAY OF DECEMBER, 2017.
Votes in favor: CD BOARD OF TRUSTEES OF THE
Votes opposed: Q TO OFF FRASER, COLORAD
Absent:
Abstained: 0 BY:
Mayor
oN of F ATTEST: 1, .�� .I.. A ♦
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Town Clerk
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