HomeMy WebLinkAbout24-34 Approving Supplemental Budget Appropriations in Fiscal Year 2023 Adopting an Amending Budget for Budget Year 2023 - 03-13-2024RESOLUTION NO.2024 - 34
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE,
COLORADO, APPROVING SUPPLEMENTAL BUDGET APPROPRIATIONS IN
FISCAL YEAR 2023 AND ADOPTING AN AMENDED BUDGET FOR THE BUDGET
YEAR 2023.
WHEREAS, on November 16, 2022 the Board of Trustees of the Town of Firestone
("Town") adopted the Town's 2023 budget ("Budget"); and
WHEREAS, as required by law the Town has published notice of and held a public hearing
regarding the proposed supplemental appropriations; and
WHEREAS, the Board of Trustees deems it in the best interest of the Town to adopt this
resolution amending the Budget and appropriations for the Budget's General Fund, Capital
Projects Fund and Water Fund for the purposes as set forth in Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
The supplemental appropriations for the Town of Firestone's 2023 Budget and
modifications to the Budget's General Fund, Capital Projects Fund and Water Fund balances, as
more specifically set forth in Exhibit A, which is attached hereto and made a part of this resolution,
are hereby adopted and approved. The Town's Finance Director is directed to effectuate the
necessary transfers to comply with the approved supplemental appropriations and to file a certified
copy of this resolution with the Division of Local Government.
INTRODUCED, READ AND ADOPTED this 13s' day of March, 2024.
TO F FIRE ONE, COLORADO
I0
Drew Peterson, Mayor
ATT ST:
CrSEA
�TONFWNM' a una Gonzalez, Interim Town ClerkL o
William P. Hayisfii, TVVAttomey
EXHIBITA
2023 Original Budget Modification2023 Amended
Budget Budget
8 g
GENERAL FUND
Transfer Out - 182,335) (82,335)
Purpose: To record the Transfer out of Occupation Tax revenue into the Capital Projects Fund
Transfer Out - (82,907) (82,907)
Purpose: To record the Transfer out of Metro District Mills revenue into the Capital
Projects Fund
Transfer Out (250,000) (250,000)
Purpose: To record the Transfer out of Metro District Mills revenue into the Capital Projects
Fund for Firestone BLVD Repair Project
Transfer Out - (S07,647) (507,647)
Purpose: To record the Transferout of the Working Reserve funds into the Capital Projects
Fund for Firestone BLVD Repair Project
Transferin 36,120 93,195 129,315
Purpose: To record the transfer from the Water Fund
CAPITAL PROJECTS FUND
Capital Outlay - 757,647 757,647
Purpose: To appropriate funds transferred from the General Fund for the Firestone BLVD
Repair Project
Transfer In - 922,989 922,889
Purpose: To record the transfer from the General Fund
Transferin - 275,595 275,595
Purpose: To record the transfer from the Firestone Urban Renewal Authority - Big Horn
WATER FUND
Debt and Interest Payments (2,853,000) (21,220,854) (24,073,854)
Purpose: To appropriate funds to retire the 2022 Water Revenue Bonds
Transfer Out (36,120) (93,195) (129,315)
Purpose: To record the Transfer out of revenue into the General Fund for purpose of leased vehicles
used by the Water Fund