2024 Budget Message

The 2024 Budget for the Lake City Area Fire Protection District, Colorado, requires a mill levy of 4.229 as follows:

                                   General Operating Expenses                           4.229 mills

This mill levy generates a total of $121,710 in tax revenues and reflects a decrease of 1.1 percent.

The Lake City Area Fire Protection District, Colorado, uses the modified accrual basis of accounting.

The General Fund provides monies for contract payments for the district manager, fire marshal and secretary; repair and maintenance of existing equipment; training expenses for volunteer firefighters, volunteer recruitment, a transfer to the Facilities Fund and other general operating expenses.

The Capital Reserve Fund provides monies for an annual reserve for an equipment replacement schedule.  Although the annual reserve is appropriated, the replacement schedule does not anticipate any use of the funds in the reserve in 2024.

The Contingency Reserve Fund provides monies for any unforeseen loss or emergency repair of fire equipment.

The Facilities Fund provides monies for a reserve for major repairs and maintenance costs for the fire station.

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