HomeMy WebLinkAboutFDDA 2025-04 Adopting the 2026 Annual Budget and Appropriating Expenditures 10-15-2025FIRESTONE DOWNTWON DEVELOPMENT AUTHORITY
RESOLUTION NO. 2025 -04
A RESOLUTION OF THE FIRESTONE DOWNTWON DEVELOPMENT AUTHORITY
ADOPTING THE ANNUAL BUDGET AND APPROPRIATING EXPENDITURES
FOR THE FIRESTONE DOWNTOWN DEVELOPMENT AUTHORITY FOR FISCAL
YEAR2026
WHEREAS, the proposed annual budget for the Firestone Downtown Development
Authority (the "Annual Budget") for the fiscal year beginning January 1, 2026 and ending
December 31, 2026 ( the "Fiscal Year 2026") attached as Exhibit A and incorporated herein by
reference, has been prepared and submitted to the Board of Commissioners; and
WHEREAS, the Annual Budget contains all of the matters required by law and is in
balance as required by law; and
WHEREAS, a public hearing has been held on the Annual Budget following public notice
of the same;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE FIRESTONE DOWNTOWN DEVELOPMENT AUTHORITY:
Section 1. The Annual Budget is hereby approved and adopted.
Section 2. Moneys are hereby appropriated for the Fiscal Year 2026 as provided in the
Annual Budget.
Section 3. The Recording Secretary and the Treasurer of the Firestone Downtown
Development Authority are hereby directed to file a ce1iified copy of the 2026 Annual Budget
with the office of the Division of Local Government, Department of Local Affairs, State of
Colorado, as required by C.R.S. § 29-1-101, et seq.
INTRODUCED, READ AND ADOPTED this 15 th day of October, 2025.
CENTRAL FIRESTONE DISTRICT
By•r~
31336642.2
Exhibit A
Annual Budget
DDA-Fund Summary
2024 2025 2025 2026
Audited Adopted Year-End Proposed
Amounts Budget• Forecast Budget
Revenue
Taxes $ $ $ $
Total Revenue
Expenditures:
Personnel 114,337
Purchased Services 175,000 175,000 86,000
Total Expenditures 175,000 175,000 200,337
Excess/(Deficiency) of Revenues
Over Expenditures (175,000) (175,000) (200,337)
Other Financing Sources/(Uses):
Transfers In 175,000 175,000 200,337
Total Other Financing Sources/(Uses) 175,000 175,000 200,337
Net Change In Fund Balance:
Cumulative Fund Balance
Beginning Fund Balance
Ending Fund Balance
Less Restrictions, Commitments, & Assignments:
Committed Fund Balance
DOA Improvements
Unassigned Fund Balance $ $ $ $
Taxes
Property Tax
Total Taxes
Total Revenues
Personnel
Regular Wages
Stipend
Medicare
Unemployment Insurance
Retirement Contributions
Medical Benefits
Life/Disability Benefits
Total Personnel
Purchased Services
Legal Services
Consulting Services
Total Purchased Services
Total Expenditures
Revenue Detail
2024
Audited
Amounts
$ $
2025
Adopted
Budget*
Expenditure Detail
2024 2025
Audited Adopted
Amounts Budget*
75,000
100,000
175,000
$ $ 175,000
$
$
2025
Year-End
Forecast
2025
Year-End
Forecast
75,000
100,000
175,000
175,000
$
$
2026
Proposed
Budget
2026
Proposed
Budget
88,607
105
1,287
267
13,122
10,223
726
114,337
36,000
50,000
86,000
200,337