Trinidad Colorado

2018 General Fund Budget Summary

GENERAL FUND
Statement of Revenues, Expenses and Changes in Fund Balance
2016 2017 2017 2018
ACTUAL BUDGET PROJECTED BUDGET
REVENUES:
Taxes $8,043,254 $9,427,917 $9,705,200 $9,487,700
Licenses & Permits 422,851 178,698 269,679 181,000
Intergovernmental  Revenues 544,355 731,559 458,638 458,700
Charges for Services 944,536 1,033,824 1,101,280 1,122,500
Fines & Forfeitures 29,109 32,524 24,350 28,500
Miscellaneous Revenues 2,156,869 773,332 420,107 131,900
Other Revenues - Library 18,465 28,344 16,380 16,000
Transfers-in from Other Funds 1,125,400 572,588 572,588 1,213,680
Total Revenues 13,284,839 12,778,786 12,568,222 12,639,980
EXPENDITURES:
General Government 2,950,564 3,862,325 3,996,988 4,738,288
Public Safety 3,321,313 3,499,064 3,470,430 4,170,155
Public Works 1,631,190 1,348,406 1,437,604 1,932,796
Parks & Recreation 325,151 327,321 324,290 408,829
Carnegie  Public Library 174,611 181,604 176,325 242,753
ED/Fleet 771,324 1,628,419 1,260,952 450,818
Contingency* 143,238 96,142 80,000 203,340
Transfers Out - Other Funds 1,517,532 1,330,500 1,330,500 493,001
Total Expenditures 10,834,923 12,273,781 12,077,089 12,639,980
RESERVE FUND TRANSFER OUT
Transfers Out - Other Funds - 600,000 600,000 375,517
Revenues Over (Under) Expenditures 2,449,916 (94,995) (108,867) (375,517)
Beginning  Fund Balance 4,949,951 7,399,867 7,399,867 7,291,001
Ending Fund Balance 7,399,867 7,304,872 7,291,001 6,915,483
Fund Balance Restricted, Committed & Assigned
Tabor Reserve 368,783 371,681 371,861 374,940
Health Ins Reserve 57,282 57,307 57,305 57,328
Landfill Reserve 126,703 127,061 127,055 127,405
Eaglerock Subdivision 286,577 287,697 287,529 288,481
Library Reserve 18,823 16,900 - -
Compensated Absences 935,543 1,044,596 952,325 969,107
Insured Repairs 457,379 - 457,379 -
Total Restricted, Committed & Assigned 2,251,090 1,905,242 2,253,454 1,817,261
Total Unrestricted Fund Balance 5,148,777 5,399,630 5,037,547 5,098,222
Less Fund Balance Reserve** 2,708,731 3,068,445 3,019,272 3,159,995
FUND  BALANCE AVAILABLE
FOR FUTURE APPROPIATION $2,440,047 $2,331,185 $2,018,274 $1,938,227
*Goal is 1% of operating expenses
** Fund Balance Reserve Policy 25% or three (3) months of operating expenses.