R.51. A Resolution Summarizing Expenditures and Revenues for Each Fund and Adopting a Budget for the Entire Town of Palisade, Colorado, for the Calendar Year Beginning on the First Day of January, 2018 and Ending on the Last Day of December, 2018.

Palisade Board of Trustees
Date of Vote: Tue, Dec 12th 2017
Polls (closed):
Yay (0)    Nay (0)

Summary

                    WHEREAS, the Board of Trustees of the Town of Palisade has received a proposed budget in accordance with the Local Government Budget Law; and.

WHEREAS, upon due and proper notice, published in accordance with C.R.S. 29-1-106, said proposed budget was open for inspection by the public at the Town Hall as a designated location, a public hearing was held on December 12, 2017, and interested electors were given the opportunity to file and/or register any objections to said proposed budget, and.

WHEREAS, whatever increases and/or decreases may have been made in the expenditures, like increases/decreases were respectively made to the revenues so that the budget remains in balance, as required by C.R.S. 29-1-103.
                
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                    BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF PALISADE, COLORADO AS FOLLOWS:

SECTION 1. The estimated expenditures for each fund are as follows:

General Fund $3,832,425 Wastewater Fund 818,824 Tourism Fund 44,000 Water Fund 1,205,558 Conservation Trust Fund 25,300 Solid Waste Fund 139,450 Capital Improvement Fund 680,485 Total Expenditures $6,746,042.

SECTION 2. The estimated revenues for each fund are as follows:

General Fund  Taxes $2,855,669  Other Sources 986,527  Fund Balance 0  Total Revenues $3,842,196.

Wastewater Fund  Fees $577,675  Fund Balance 241,149 Total Revenues $818,824.

Tourism Fund  Lodging Fees $37,500  Fund Balance 6,500 Total Revenues $44,000.

Water Fund  Fees $1,024,225  Fund Balance 181,333  Total Revenues $1,205,558.

Conservation Trust Fund  Lottery Funds $25,300  Fund Balance 0  Total Revenues $25,300 Solid Waste Fund  Fees $129,300  Fund Balance 10,150  Total Revenues $139,450.

Capital Improvement Fund  Grants $680,485  Total Revenues $680,485.

Section 3. The budget as submitted, amended and herein above summarized by fund, a true copy of  which is attached and incorporated herein by reference, hereby is approved and adopted  as the budget of the Town of Palisade for the year stated above.

Section 4. The budget hereby approved and adopted shall be signed by the Mayor, and made a part of the public records of the Town.

SECTION 5. Town Treasurer, Joseph Vlach, is hereby directed forthwith to certify said budget to the Department of Local Affairs of the State of Colorado in accordance with the Laws of said State. 
                

In an effort to be an unbiased source of information, all text in this summary comes directly from government resources.