RESOLUTION NO. 24-09
A RESOLUTION ADOPTING THE BUDGET FOR THE TOWN OF BERTHOUD COLORADO, FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2010, AND ENDING ON THE LAST DAY OF DECEMBER 2010, ESTIMATING THE AMOUNT OF MONEY NECESSARY TO BE RAISED BY TAX LEVY BASED ON THE SAID BUDGET TO BE ADOPTED. ESTIMATING THE AMOUNT OF MONEY TO BE DERIVED FROM OTHER REVENUE SOURCES AND SETTING FORTH THE TOTAL ESTIMATED EXPENDITURES FOR EACH FUND.
WHEREAS, the Town Administrator, who has been designated to prepare the annual Budget for the Town of Berthoud, Colorado, for the fiscal year beginning January 1, 2010, and ending December 31, 2010, has prepared this Budget and submitted it to the Board of Trustees; and
WHEREAS, the Board of Trustees held a Public Hearing on said Budget on December 8, 2009; and
WHEREAS, the assessed valuation of the taxable property for the year 2010, in the Town of Berthoud, Colorado as returned by the County Assessor of Larimer County, Colorado is $58,707,740 and as returned by the County Assessor of Weld County, Colorado is $4,237,460.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF BERTHOUD, COLORADO:
Section 1. That estimated expenditures for each fund are as follows:
General Fund $ 2,409,468
Water Fund 1,587,644
W.F. Capital Improvements 1,249,272
Wastewater Fund 1,757,869
WW F. Capital Improvements 250
Cemetery Endowment 65,350
Larimer Co. Open Space 309,250
Conservation Trust Fund 82,507
Park Development 122,728
Park Dedication 250
Public Facilities 70,250
1% Sales Tax 815,250
Drainage Fund 828,606
Density Transfer Fund 250
Road Impact Fund 1,414,867
Master Planning Fund 16,000
Berthoud Area Transportation 691,440
Section 2. That estimated revenues for each fund are as follows:
General Fund
Reserve from prior years – end fund balance 398,286
Property Tax 540,000
Sources other than G.F.Property Tax 1,743,298
Total General Fund $2,681,584
Water Fund
Reserve from prior years 1,049,761
Water Sales 1,306,526
Other Sources 180,072
Total Water Fund $2,536,359
W.F. Capital Improvements
Reserve from prior years 1,059,745
Water Taps 29,711
Other Sources 876,343
Total W.F. Cap. Imp. $1,965,799
Wastewater Fund
Reserve from prior years (42,410)
Wastewater Sales 1,796,631
Other Sources 25,250
Total Wastewater Fund $1,779,471
WW Capital Improvements
Reserve from prior years (60,679)
Wastewater Taps 43,985
Other Sources 500
Total WW Cap. Imp. $ (16,194)
Cemetery Endowment Fund
Reserve from prior years 66,054
Other Sources 19,400
Perpetual Care 5,000
Total Cemetery Endowment $ 90,454
1% Sales Tax
Reserve from prior years 573,393
Sales Tax 350,000
Other Sources 8,500
Total Sales Tax $ 931,893
Conservation Trust Fund
Reserve from prior years 36,944
Lottery 50,000
Other Sources 600
Total Conservation Trust $ 87,544
Density Transfer Fund
Reserve 272,961
Fees -0-
Other Sources 3,400
Total Density Transfer Fund $ 276,361
Road Impact Fund
Reserve 417,206
Fees 20,554
Other Sources 1,211,618
Total Road Impact Fund $1,649,378
Berthoud Area Transportation (BATS)
Reserve $ 9,158
Other Sources 697,082
Total BATS 706,240
Larimer Co. Open Space
Reserve from prior years 694,934
Other Sources 118,500
Total Larimer Co. Open Space $ 813,434
Park Development
Reserve from prior years 179,900
Fees 15,246
Other Sources 2,800
Total Park Development $ 197,946
Park Dedication
Reserve from prior years 139,260
Park Dedication 4,000
Other Sources 2,400
Total Park Dedication $ 145,660
Public Facilities
Reserve from prior years 221,604
Fees 10,668
Other Sources 3,300
Total Public Facilities $ 235,572
Drainage Fund
Reserve from prior years 71,817
Fees 180,000
Other Sources 657,300
Total Drainage Fund $ 909,117
Master Planning Fund
Reserve from prior years 14,599
Fees 10,000
Other Sources 100
Total Master Planning Fund $ 24,699
Section 3. That the budget as submitted, amended and herein summarized by fund, is hereby approved and adopted as the budget of the Town of Berthoud for 2010.
Section 4. That the budget hereby approved and adopted shall be signed by T. P. Patterson, Mayor, and Mary K. Cowdin, Clerk, and made a part of the public records of the Town of Berthoud.
After the public hearing the resolution was passed and ordered published by the Board of Trustees at its meeting this 8th day of December 2009.
T. P. Patterson, Mayor
ATTEST: Mary K. Cowdin, Clerk
Approved as to form: R.B. Fickel, Town Attorney
Published in the Berthoud Recorder Online
December 17, 2009
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