HomeMy WebLinkAbout 18-46 Exp-Rev for Budget 2019RESOLUTION NO. 18-46
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE TOWN OF FIRESTONE, COLORADO, FOR THE
CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2019 AND ENDING
ON THE LAST DAY OF DECEMBER, 2019.
WHEREAS, the Board of Trustees of the Town of Firestone has directed the Town
Manager to prepare and submit a proposed budget to said governing body at the proper time; and
WHEREAS, the Town Manager has submitted a final proposed budget to this governing
body on December 12, 2018 for its consideration; and
WHEREAS, upon due and proper notice, published or posted in accordance with the law,
said proposed budget was open for inspection by the public at a designated place, and interested
taxpayers were given the opportunity to file or register any objections to said proposed budget;
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 (3%) of the Town's
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iscal year spending excluding bonded debt services 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 THE
TOWN OF FIRESTONE, COLORADO:
Section 1. That the budget as submitted, amended, and as attached to this Resolution, be,
and the same hereby is, approved and adopted as the budget of the Town of Firestone for the
calendar year beginning on the first day of January 2019 and ending on the last day of December
2019.
Section 2. The Board of Trustees hereby confii7ns that as pat-t of said 2019 Budget, there
is designated a portion of Water Fund net assets for future Northern Integrated Supply Project
(NISP) participation costs, as set forth on the "Calculation for Unrestricted Board Designated
Water Net Assets for NISP Project Costs" within such Budget.
Section 3. That the budget hereby approved and adopted shall be signed by the Mayor
and Town Clerk and made a part of the public records of the Town.
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INTRODUCED, READ AND ADOPTED this 12" day of December, 2018.
Attest:
Leah Vanarsdall, Town Clerk
TOWN OF FIRESTONE, COLORADO
Mayor
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