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. 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.
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