HomeMy WebLinkAbout25-120 Adopting a Budget for Fiscal Year 2026 & Appropriating Sums for & Defraying Expenses & Liabilities for beginning of Jan 1, 2026 11-12-2025RESOLUTION NO, 25420
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE, COLORADO,
ADOPTING A BUDGET FOR THE FISCAL YEAR OF 2026 AND APPROPRIATING SUMS FOR AND
DEFRAYING THE EXPENSES AND LIABILITIES FOR THE FISCAL YEAR BEGINNING JANUARY 1
2026 AND ENDING DECEMBER 31, 2026 IN ACCORDANCE WITH THE STATUTES OF THE STATE OF
COLORADO.
WIJ}RlAS, the Board of Trustees of the Town of Firestone has directed the Town Manager to prepare and
submit a proposed budget to the Board ofirustecs, and
WHEREAS, the 1 own Manager has submitted a final proposed budget to the Board of Trustees on November
13, 2025 for its consideration; and
WHERFA, upon due and proper notice, published or posted in accordance with the law,, the proposed budget
was open for inspection by the public and the public was given the opportunity to file or register any objections to the
proposed budget at the Public Hearing held on November 12, 2025; and
WHEREAS, in accordance with Article X.. Section 20 of the Colorado Constitution, approved by the voters
on November 3, 1992, an "Amendment One Emergency Reserve" is included in the budget in a total amount
estimated to equal three percent (%) of the Iowa's fiscal year spending excluding bonded debt service; and
WHEREAS, whatever increases may have been made in expenditures, like increases were added to the
revenues, so that the budget remains in balance as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF 'TRUSTEES OF .IHE TOWN OF
FIRESTONE, COLORADO
Section 1. That the budget as submitted and, attached hereto and made a part of this Resolution, is, hereby
approved and adopted as the budget of the "I"own of Firestone for the fiscal year beginning on the first day of January
2026 and ending on the last day of December 2026.
Section 2. That the Town Clerk shall in accordance with CRS. 29 -1-1 13 cause a certified copy of the budget
to be filed in the States Division of 1,ocal Government in the Department of Local Affairs;
IN'1 RODUCED, READ AND ADOPTED this 12° day of November, 2025,
AT1'
tra os .unas CMC, T"town Clerk,.
APPROV FORM:
�a�rs]Keit�htin,Toy ttorney
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