HomeMy WebLinkAboutRESOLUTION 29-93RESOLUTION 29-93
WHEREAS,the Board of Trustees believes that the TABOR
Amendment,by basing next year’s spending levels on past year’s
expenditures,encourages a “spend it or lose it”attitude;and
WHEREAS,the Board of Trustees desires to adopt a method of
budgeting which will give every employee an incentive to save
money;and
WHEREAS,the Board of Trustees believes in empowering its
employees in accordance with the public entrepreneurial management
spirit and the principles of “Reinventing Government”;and
WHEREAS,the Board of Trustees seeks to create a predictable
environment for budgeting,including simplifying the budget process
and giving its managers autonomy to respond to changing
circumstances.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK,COLORADO:
The Board hereby adopts the following Expenditure Control
Budget Policy:
1.OPERATING BUDGET:Generally,the operating budget (total
expenditures minus capital expenses)for each department or
division will be set each year at the past year’s level plus an
allowance for inflation and growth.This level assumes the same
level and mix of services is maintained,and may be adjusted for
extraordinary circumstances by the Town Administrator.
2.LINE ITEM EXPENDITURES:Within each department or
division’s operating budget,the department head will be empowered
to move expenditures between line items as necessary to respond to
changing circumstances without prior approval from administration.
The department head shall be responsible for the appropriateness of
the line item changes and for the total expenditures remaining
within the appropriation level.
3.SAVINGS GENERATED:Any savings generated within a
department or division’s operating budget during a calendar year
shall be shown at year—end as a reserve,and may be spent by the
department/division in subsequent years for any purpose consistent
with the department/division mission except for additional
personnel.Such expenditures shall be identified in subsequent
year’s budgets for record—keeping purposes.
4.EFFECTIVE DATE:This policy shall be in full force and
effective on January 1,1994,and shall be in effect for the 1994
and 1995 budget years.The Board may review and amend the policy
at any time.
INTRODUCED,READ AND PASSED THIS
________
DAY
___________________________
1993.
TOWN OF ESTES PARK
By:
______________________________
Mayor
ATTEST:
Town Clerk
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