Adopted 2017 Annual Operating & Capital Improvement Budget

GENERAL FUND FINANCIAL SUMMARY
2015
Audited
Actuals
2016
Amended
Budget
2017
Adopted
Budget
% Change
Revenue:
Taxes & Assessments $ 31,808,979 $ 33,907,243 $ 34,641,000 2.16%
Intergovernmental 1,221,717 520,107 749,221 44.05%
Licenses & Permits 1,354,946 1,383,677 1,755,000 26.84%
Charges & Fees 2,669,190 2,836,963 3,039,000 7.12%
Fines & Forfeitures 1,116,244 1,011,044 1,087,000 7.51%
Investment Earnings 17,876 35,507 171,000 381.60%
Miscellaneous Revenue 73,167 10,000 8,000 -20.00%
Total Revenue 38,262,119 39,704,541 41,450,221 4.40%
Expenditures:
Personnel 22,133,755 23,398,073 23,760,018 1.55%
Purchased Services 5,200,178 6,229,982 6,813,808 9.37%
Supplies/Non-Capital Equipment 2,791,212 3,168,450 3,199,037 0.97%
Capital Outlay 1,790,941 1,954,475 1,732,935 -11.34%
Debt Service 31,961 31,522 31,522 0.00%
Miscellaneous Expenditures 571,954 1,562,159 580,256 -62.86%
Total Expenditures 32,520,001 36,344,661 36,117,576 -0.62%
Excess/(Deficiency) of Revenues
Over Expenditures 5,742,118 3,359,880 5,332,645 58.72%
Other Financing Sources/(Uses):
Transfers In/(Out) (1,212,527) (5,057,782) (5,382,645) 6.42%
Sale of Capital Assets 40,523 50,000 50,000 0.00%
Debt Issuance 48,834 - - 0.00%
Total Other Financing Sources/(Uses) (1,123,170) (5,007,782) (5,332,645) 6.49%
Net Change In Fund Balance: 4,618,948 (1,647,902) - -100.00%
Cumulative Fund Balance
Beginning Fund Balance 20,451,047 25,069,995 23,422,093 -6.57%
Ending Fund Balance 25,069,995 23,422,093 23,422,093 0.00%
Less Restrictions, Commitments, & Assignments:
3% TABOR Emergency Restriction 975,600 1,090,340 1,083,527 -0.62%
Arts/Humanities Council Restriction 50,420 47,020 47,020 0.00%
Federal/State Forfeiture Restriction 412,192 208,038 208,038 0.00%
25% Operating Reserve Assignment 8,130,000 9,086,165 9,029,394 -0.62%
Development Rebate Assignment 981,903 - 281,200 100.00%
Unassigned Fund Balance $ 14,519,880 $ 12,990,530 $ 12,772,914 -1.68%
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