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Home My WebLink About 16-36 Adopting the 2017 Annual BudgetRESOLUTION NO. 16- 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, 2017 AND ENDING ON THE LAST DAY OF DECEMBER, 2017. 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 14, 2016 for its consideration; and WIIEREAS, 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 (31/o) of the Town'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 THE TOWN OF FIRESTONE, COLORADO0 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 2017 and ending on the last day of December 2017. Section 2. The Board of Trustees hereby confirms that as part of said 2017 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. 1 Attest: INTRODUCED, READ AND ADOPTED this 14day of December, 2016. Town Clerk •TOWN `°_ TOWN OF FIRESTONE, COLORADO 2 �vrcr��r ,�vrzryvr- �^ Y Y► ° I �/�' , �Dp; �1A �2Yi ' 191 b Itcvcmnc Taxes Licenses & Permits Intergovernmental Fines R Forfeitures Miscellaneous Investment Other Financing Sources Total Revenue Expenditures Legislative Judicial Administration Finance Elections Human Resources Inforiation Technology Planning EnginceringMesign Development Inspections Police COnun. Service Officers Emergency hignnt. Capital Outlay w Y.S. 1\lechanical Sanitation Buildings-'1'own Hall Maintenance Facility Health and Welfare Conununity Resources Economic Development Capital Outlay - General (see CIP Schedule) Leases - Public Safety Debt sen-nee Interfimd Operating Transfers Out Total Expenditures Net Revenue over Expenditures Beginning Fund Balance Estimated Ending Fund Balance Town of inrestone 2017 Buabet - Irelirin�ry October 12, 2016 Geucr�l tuna Iludgef (Adopted) F.slimnted lludgcl Actual 12/31/2015 12/31 /2016 12/31 /2016 12/31/2017 5,8992855 53846,194 51969,458 6,526,507 8171179 6842000 6842000 6982000 38,455 37,500 48,399 382000 2491393 1909000 2679000 295,000 360,107 902900 297,808 2493500 14,900 9,000 12,000 12,300 77,636 3369000 36 000 210509000 71457,526 79193,594 7,314,666 91869,307 60,554 73,123 67,618 702974 96,474 1000269 96,417 107,651 713,496 827,918 778,856 11154,261 1000649 199,716 1283274 1822301 308 34,500 32,833 39,300 53,039 79,091 57,630 180,026 104,720 127,275 1220110 331,292 180,731 205,940 1919850 262,163 103,371 126,270 133,810 133,225 5072192 421,400 421,400 421,400 2,036,940 2,3111341 21162,504 2,663,547 1687784 1683546 171,291 221,454 450 22000 11800 21000 140P9 221,108 221,108 263,500 14,815 17,377 17,179 16,979 33,303 34,400 36,044 389600 68,175 78,540 76,510 81,800 21875 31800 31800 39800 773612 492000 77,268 48,000 830052 109,200 859576 112,500 392,414 121,700 408,100 1232200 2733330 671,500 651,650 31122,200 192848 564,623 55,995 33308 3$08 530,000 530,000 3239272 888,272 500,000 5,8559381 6184594 713651208 10,0809173 11602,145 353,000 (50,542) (210,866) 3,0559749 41605,647 41555,105 4,555,105 0571894 493443238 Revem�c Taxes [ntergovemnrental* Charges for Services Aliscellaneous Investment Earnings Interfund Operating Transfer Transfer from FURA Transfer•Cap Improvement - Roadway Transfer - Sales Tax CIP Total Revenue Expenditures General Administration Road and Street Services Capital Outlay Total Fxpenditures Net Revenue over Expenditures Beginning Fund Balance Estimated Ending Fund Balance Town of Firestone 2017 Budget - Premmnnry October 12, 2016 Nightvn}• Fund Actual T1ud�ct ltimatcd Budget 12 /31/2015 12/31 /2016 12/31 /2016 12/31 /2017 614,661 5872288 6462593 54S,700 721,620 655,000 654,082 - 153,384 164,000 1642000 1682000 287,811 51000 88,500 882500 11502 11000 12200 1,200 266 - - 5912250 5913250 411,119 5662000 566,000 104,350 3,261,O71 1 l28 000 1,128 000 1098,900 51451,432 3,697,538 31839,625 29009*650 391666 81,850 38,015 148,026 1,064,641 1,4662438 11037,053 11591,073 4,456,576 2 318,750 18619329 1 287,250 5,5609884 3,867,038 21936,397 39026 349 (109,451) (169,500) 903,228 (1,0161699) 6519593 542, l42 1,445,370 1,4459370 542,142 428,671 * Intergovernmental Revenue =Reimbursement from DOLA for Gateway Project received in 2016 Revenue Licenses R Permits T4iscellancous Investment Earnings Interfrmd Operating Transfer Transfer -Genera) Fund Transfer from Open Space Transfer-CTF Transfer Cap-LnprovReg. Prks Impact Transfer -Sales Tim Capital Lnp. Total Revenue Expenditures Administrative Planner General Services General Engineering IT Services Capital Projects Total Expenditures Net Revenue over Expenditures Beginning Fred Balance Estimafed Ending Fund Balance Town of Firestone 2017 Budget - Preliminary October 12, 2016 Park I'uud Achunl � Budget Islimatcd lludgcl 12/31/2015 12/31/2016 12/31 /2016 12/31/2017 212,250 205,000 2202230 265#000 770 750 105 800 352 800 225 150 13,409 - - 55,995 3232272 340,000 36%000 801000 50,000 - - 74,818 503000 902000 272981 - 461 - 150,000 154,500 1509000 615,574 784,322 561,021 8659950 497,563 5971464 5592441 7231344 79076 19,500 203124 22,000 31173 121590 606 62490 - 21,326 335 384 1561000 492848 905000 8439196 785,554 630 018 863 160 (227,622) (1,232) (68,997) 2,790 305,225 77,603 81606 81606 77,603 11,396 Revenue Transfer from 1%Sales Tax CIP Fund - 2014 Revenue Bonds (Streets & Parks) Total Revenue Expcndihrres Administrative Fee Prinicipal on Bonds Interest on Bonds Total Expenditures Net Revenue over Expenditures Beginning Fund Balance Estimated Ending Fund Balance Towle of v 119estone 2017 Budget - Preli►ninnry October 12, 2016 Debt Ser►•ice Fund (Bon(ls) Actual Budget Estimated Budgcl 12/31 /2015 12/31/2016 12/31/2016 12/31/2017 2665318 266,318 1,500 1552000 109,818 12cvcnuc Trmisfcr from Open Space Transfer -Cap Improv-Reg.Prks Impact Total Revenue Ispenditures Principal Interest Administrative Fens Total Expenditures Nel Revenue over Expenditures Beginning Fund Balance Estimated Ending Fetid Balance TOwn of 11ii•estolle 2017 Budget - Preliminary October 12, 2016 Firestone Finmue Authority (Certificate of Pm•tieipntion) Actual 12/31 /2015 Budget FStlmnted 12131 /2016 12/31/2016 Budget 12/31 /2017 22,000 122,000 232700 122,000 1563814 - 157,424 144,000 145,700 156,814 157,424 95,000 47,425 1,200 95,000 1002000 47,425 551314 11200 31781 105,000 501924 11500 143,625 143,625 159,095 157,424 375 1,906 21075 (2,281) 21281 2,281 Re�•enue Road�ca}^ Lnlnct Pee Drainage Lnpact Fee Regional Parks Impact Fee Facilities Impact Fez Raw Water Irrigation Impact Fee 1`letro District Contributions Total Impact Fees !m•esunent Fzes Total ltcccnue ExpeudiUn•cs Transfer to Water Fund Transfer to General Fund Transfer to Highway Fund Transfer to Park Fund Transfer to Firestone Finance Authority Transfer to Stormwater Total Expenditures CO ltcvcnuc over Expenditures Beginning Fund Balance Estimated Ending Fund Balance TOR'll of Firestolle 2017 Budget - Preliminary October 12, 2016 CIP - Impact Tee Fund Actual Budget Estimated Budget 12/31/2015 12/31 /2016 12/31/2016 12/31/2017 1$33,837 9642257 1,417,041 11280o878 336*293 197,573 3102686 370,202 347,490 204,120 3210030 290,183 5122680 53208 465,579 620,198 485,045 2840921 4482110 11977,439 462,546 w 462,546 462,546 316777890 2,183,479 31424,992 51051,446 14,236 91000 219300 20,000 3,692,126 2,191,479 31446,292 5,021,446 78 e= 11097*950 43,095 336,000 136,000 2,050,000 411,119 566,000 482,100 104,350 27,981 - 75,000 122,000 122,000 122,000 157,424 82 988 1 223 650 123 l0O 125,500 687,182 31027,650 938,500 3 535,224 3,OO4,944 2,5071792 1,486,222 2,8961058 51901,002 8,403,794 8,408 794 5,9011002 9 895 015 Rcccnuc Sales Tax Investment Earnings Other Financinq Sources Total Revenue Town of IWestone 2017 Budget - Preliminary October 12, 2016 Snles'Cas CIP fund (i%) r\clual Budgcl Estimated Budget 12/31/2015 12/31/2016 12/31/2016 12/31/2017 11351,002 11412,000 11394,310 11586,500 13,498 10,000 15,456 71200 431,847 11364,499 11853,847 1,409,766 1 11593,700 Espenditures 'Transfers to Other Funds Transfer to Parks Pund 150,000 154,500 154,500 150,000 Transfer to Highway Fund 31261,071 11128,000 11128,000 12098,900 Debt Sen•ice Principal 150,000 150,000 150,000 155,000 Interest 115,819 112,818 112,818 109,818 Issuance & Financing Cost 1 500 1 500 11500 Total DebtB°mdce 265819 164,318 264,318 266,316 Total Transfers to Other Funds 31676,889 11546,818 11546,818 11515,218 Total Expenditures 31676,889 1,546818 i 546,818 1515 218 Net Revenue over Expenditures (2,3121390) 307,029 (137,052) 78,482 Beginning Fund Balance 2,850 094 537,704 400,652 479,134 Estimated Ending Fund Balance 537,704 400,652 Revenue 'Taxes Intergovernmental Charges for Services Miscellaneous Investment Eamings Transfer -Cap Improv-Raw Water Irrigation Total Revenue F.xpendihrres Administration - General Human Resources Information 'Technology Engineering/Design Water Operations \Vnter Adminislrat ion Capital Outlay Total Expeuditures net Revenue over Expenditures Beginning Fund Balance Estimated Ending hund Balance Town of Firestone 2017 Budget - .F MIIIrhrary October 12, 2016 \Vater tuna Actual Budget Estimated Budget 12/31/2015 12/31/2016 12131/2016 12/31 /2017 29159 51300 2,200 - 168,750 1799844 2822820 3,2081033 41178,750 52310,233 414462400 94,904 22390,800 308 23390,800 19,933 15,000 25,088 153000 780,000 1 *097,950 3,330,329 7,535 500 5,515,473 8,232,970 5,526 61000 52542 6,000 10,120 15,859 12,863 13,109 81,073 925225 89,122 819179 1502266 117,910 142,848 214,270 1,1471356 6161360 1,3523613 1,241,328 7877813 5952460 11163,739 692,372 31461 133 51392/933 2*0729397 4,576 760 5 471 833 7,765 353 4159 559 6 747 428 (21141,504) (229,853) 11355,915 1,485,542 7 879 177 6 206 673 71562,588 7,562 588 9,0499129 61206,673 zExeludes depreciation in the amount ofS38D,875. A Restatement of the prioryear mmmrs roads due to a change in accounting principal in the amount oF(i568,675), *Subject to restatement. Revcuue Storm lYaler Fees 1\liscellaneous Livestment Earnings Grant Transfer SW Reserve Fund Transfer from General Fund Transfer Cap-improv- Drainaqe Impact Total Revenue Expenditures Human Resources Lrfomiation Technology EngineeringlDesign Stonn Water Operations Storm !!'titer Administration Cnpilal Outlays Total Expenditures Net Revenue over Expenditures Beginning 11"und Balance Net Revenue over Fxpendituices Town of 1+irestone 2017 Budget - ri eliniumley October 12, 2016 Storm �l'ntcr Tuud t%elunl Budget Estlmuted 1311dget 12/31/2015 12/31/2016 12/31/2016 12131/2017 278,422 4031000 427,376 4602100 11 - - 128 120 793 350 500,000 11,753 565,000 82,988 1,223,650 1,053,126 125,500 373,302 21126,770 21046,295 585,950 11618 1,694 1,649 11735 2,500 - 211326 27,808 26,120 17,189 27,350 660581 94,523 88,617 7302 403619 61,461 42,550 121,20-1 201000 1,9801150 21088,266 114,500 156,625 2,166 448 21238,271 359.797 216*676 (39,678) (191,976) 226,153 24,341 192 335 359 359 192,335 226,512 Revenue Taxes Real Property Taxes - Central FURA Real Property Taxes - Northern FURA Real Property Taxes - Southern FURA Total Property Taxes Ltvestment P:amings Total Revenue Firestone Urbmr Rcne«•nl Arca Expenitures Administration Planning Engineering/Design TIC Distributions Transfer to I lighway Total Expenditures \et Revenue overBxpendihu•es Beginning Fund Balance Net Revenue over Expenditures Town of Tirestone 2017 Budget - Preliminnry October 12, 2016 Firestone Urban Rcnewnl Arens Actual Budget Lslimated Budget 12/31/2015 12/31/2016 12/31 /2016 12131/2017 191,389 264,422 187,280 175,944 280,291 766,848 538,349 5249201 55,372 1,0311270 725,629 700,144 527,052 2,862 2,000 51827 2,000 11034,132 727,629 705,971 529,052 481800 222500 22,559 153771 14,830 51000 13331 5,000 259911 177,420 12182 177,420 3511850 834,115 272,629 242,865 591,250 591,250 441390 1630,285 888,951 441,056 5921,742 (902,656) (182,979) 87,996 2%838 613 580 43001 43D 601 613,580 518,597 Revenue Colorado State Lottery Distribution Iri estmeat Earnings Total Revemie Conscri•ation Trust Pund I;xpcndihn•cs Transfer to the General Fund Transfer to the Parks Fund Total Expenditures Net Rcs•cnue oti•erExpendilures Beginning Fund Valance Nel Revenue over Expenditures Town of Tirestone 2011 Budget - iPrclinlinnry October 12, 2016 Conservation Trust runtl t "X Actual 12/31/2015 Budgel Estimated 12/31 /2016 12/31/2016 Iludget 12/31/2017 53,584 450 56,000 56,000 400 400 61,800 700 54,033 56,400 56,400 62,500 74,818 - 1263000 - 90,000 74,818 126 000 90 000 (20,784) 156,383 (69,600) 56,400 135 599 191,999 (27,500) 191.999 135,599 164,499 Revenue Lodging Tae Investment Eamings Total Revenue Opcn Space Fund ExpendiUn•es Transfer to the General Fund Transfer to the Parks Fund Total Expenditures Net Revemic overEspenditures Beginning Fund Balance Net Revenue over Expenditures TOwn 011' irestoile 2017 Budget - PrelirninarY October 12, 2016 Open Spuce Fund MIMI 12/31/2015 Budget ESlimnted 12/31 /2016 12/31/2016 Budgct 12/31/2017 93,776 573 881000 88,000 500 500 923000 500 94,349 88,500 88,500 92,500 22,000 S0,000 232700 23,700 126,000 102,000 149,700 23,700 (71651) 179,155 (61,200) 64,800 171,504 236,304 92,500 236 304 171,504 328,804 � k A \ \ \cr \\ rz cr� \o ez �LA ke �w� \ 7 0))E k § 5 5 S ))E ( \ \ )(j \,E) ■ s )\� \I# \k/( } § ® \| � \ \ k A g/z \\\ \LLS CO �\\ � — 2 e � ( 2 - > )� $ cr \ } \ \ \ \ \ \E�=a - ) ) E 5 S 5 ] \ ( \ ) () {\� \ \ \ \ m=Gfa \ vr K \ }