2020 Budget Message |
2020 Budget
|
The 2020 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 $119,355 in tax revenues and reflects a decrease of 3.56 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 and other general operating expenses.
The Capital Reserve Fund provides monies for the repair and upgrade of the District’s mobile burn trainer, 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 2020.
The Contingency Reserve Fund provides monies for any unforeseen loss or emergency repair of fire equipment.
The Fireworks Fund will be eliminated in 2020 due to the assumption of the fireworks program by the Lake City/Hinsdale County Chamber of Commerce.
The Facilities Fund provides monies for major repairs and maintenance costs for the fire station.
Approved by
Position
Date
General Operating Expenses 4.229 mills
This mill levy generates a total of $119,355 in tax revenues and reflects a decrease of 3.56 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 and other general operating expenses.
The Capital Reserve Fund provides monies for the repair and upgrade of the District’s mobile burn trainer, 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 2020.
The Contingency Reserve Fund provides monies for any unforeseen loss or emergency repair of fire equipment.
The Fireworks Fund will be eliminated in 2020 due to the assumption of the fireworks program by the Lake City/Hinsdale County Chamber of Commerce.
The Facilities Fund provides monies for major repairs and maintenance costs for the fire station.
Approved by
Position
Date