2021 Budget Message |
2021 Budget
|
BUDGET MESSAGE
2021
The 2021 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 $118,787 in tax revenues and reflects a decrease of .48 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 administration, fire chief, fire marshal and manager; repair and maintenance of existing equipment; training expenses for volunteer firefighters, a transfer to the Facilities Fund and other general operating expenses.
The Capital Reserve Fund provides monies for purchase of turnout gear and an annual reserve for an equipment replacement schedule and other future capital expenditures. Although the annual reserve is appropriated, the replacement schedule does not anticipate any use of the funds in the reserve in 2021.
The Contingency Reserve Fund provides monies for a transfer into the Facilities Fund for the construction of a fence and repairs to the sidewalk at the fire station and any unforeseen loss or emergency repair of fire equipment.
The Facilities Fund provides monies for the construction of a fence and repairs to the sidewalk at the fire station as well as a reserve for other major repairs and maintenance costs for the fire station.
Approved by
Position
Date
2021
The 2021 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 $118,787 in tax revenues and reflects a decrease of .48 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 administration, fire chief, fire marshal and manager; repair and maintenance of existing equipment; training expenses for volunteer firefighters, a transfer to the Facilities Fund and other general operating expenses.
The Capital Reserve Fund provides monies for purchase of turnout gear and an annual reserve for an equipment replacement schedule and other future capital expenditures. Although the annual reserve is appropriated, the replacement schedule does not anticipate any use of the funds in the reserve in 2021.
The Contingency Reserve Fund provides monies for a transfer into the Facilities Fund for the construction of a fence and repairs to the sidewalk at the fire station and any unforeseen loss or emergency repair of fire equipment.
The Facilities Fund provides monies for the construction of a fence and repairs to the sidewalk at the fire station as well as a reserve for other major repairs and maintenance costs for the fire station.
Approved by
Position
Date