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HomeMy WebLinkAboutRESOLUTION 53-24RESOLUTION 53-24 SUPPLEMENTAL BUDGET APPROPRIATIONS # 4 TO THE 2024 BUDGET WHEREAS, the Board of Trustees of the Town of Estes Park adopted the 2024 annual budget in accordance with the Local Government Budget Law on November 14th, 2023; and WHEREAS, sales tax revenue collections for 2024 have been lower than initially anticipated in the original annual budget projections; and WHEREAS, certain projects and expenditures have additional funding needs which were identified after adoption of the original annual budget; and WHEREAS, it is not only required by law, but also necessary to appropriate the revenues provided in the budget to and for the purposes described below, so as not to impair the operations of the Town of Estes Park. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK, COLORADO: That the appropriations for 2024 be increased by $185,547 for the funds specified below and these amounts are hereby appropriated from additional revenue or available fund balance of each fund. Fund # Fund Name Existing 1 Appropriations Amendment Amended Appropriations 101 1 General Fund 30,211,996 225.657 30.437,653 204 I Community Reinvestment Fund 9,572,467 0 9,572,467 211 Conservation Trust Fund 54,000 0 54,000 220 ' Larimer County Open Space Fund 1,156,006 0 1,156,006 236 f Emergency Response System Fund 66,746 0 66,746 238 1 Community Center Fund 459,171 (26,373) 432,798 240 j Wildfire Mitigation Fund 244,324 (13,737) 230,587 244 Trails Improvement Fund 5,635,524 0 5,635,524 246 Trails Improvement Extension Fund 319,000 0 319,000 256 1 Parking Services Fund 3,006,843 0 3,006,843 260 Street Fund 7,363,863 0 7,363,863 265 Stormwater Fund 88,769 0 88,769 270 Workforce Housing Lodging Tax Fund I 5,157,470 0 5,157,470 502 Power and Communications Fund 30,450,968 0 30,450,968 503 1 Water Fund 25,291,895 0 25,291,895 505 Workforce Housing Fund 500,000 0 500,000 606 i Medical Insurance Fund 4,310,000 0 4,310,000 612 Fleet Maintenance Fund 1,405,812 1 0 1,405,812 625 Information Technology Fund 1 1,222,626 0 1,222,626 635 Vehicle Replacement Fund 1,098,131 0 1,098,131 645 I Risk Management Fund 568,164 0 568,164 Total All Funds 128,183,775 185,547 128,369,322 DATED this 11TH day of JUNE, 2024. TOWN OF ESTES PARK ATTEST: APPROVED AS TO FORM: Town Attorney