2024 BFPD Budget Report

Berthoud Fire Protection District STATEMENT OF REVENUES & EXPENDITURES WITH BUDGETS December 31, 2022 Actual Audited, 2023 Adopted Budget, 2023 Actual Unaudited, and 2024 Adopted Budget

Modified Accrual Budgetary Basis

CAPITAL FUND CAPITAL FUND

2022

2023

2023

2024

Audited

Adopted Budget

Unaudited

Adopted Budget

Revenues Revenues

Actual

Actual

General Property Taxes

$ $

500,546 16,956 500,546 $ $

569,175 569,175 $ $

577,746 41,957 577,746 $ $

674,305 30,289

Interest

‐ ‐

Other income

6,200

Total Revenues Total Revenues

$ $

523,702 523,702 $ $

569,175 569,175 $ $

619,703 619,703 $ $

704,594

Expenditures Expenditures

Administration Capital Outlay Debt Service: Principal

$ $

9,214 9,214 $ $

11,384 11,384 $ $

10,415 10,415 $ $

13,486

398,324

2,515,180

1,453,414

1,083,568

191,533

121,652

121,652

121,652

Interest

Total Operating Expenditures Total Operating Expenditures

$ $

599,071 599,071 $ $

2,648,216 2,648,216 $ $

1,585,481 1,585,481 $ $

1,218,706

Other Sources/(Uses) Transfer in (out) Other Sources/(Uses)

$ $

$ $

1,679,041 1,679,041 $ $

30,048 30,048 $ $

514,112

Debt proceeds

1,502,715 115,320 1,618,035 1,542,666

‐ ‐

‐ ‐

Proceeds from sale of capital assets

131,058 161,106 (804,672) (804,672) $ $

514,112

1,679,041 (400,000)

Revenues over/(under) Expenditures Revenues over/(under) Expenditures

$ $

$

$

1,542,666 $

(400,000) $

Beginning Fund Balance Beginning Fund Balance

$ $

647,198 647,198 $ $

2,189,864 2,189,864 $ $

2,189,864 2,189,864 $ $

1,385,192

Ending Fund Balance Ending Fund Balance

$ $

2,189,864 2,189,864 $ $

1,789,864 1,789,864 $ $

1,385,192 1,385,192 $ $

1,385,192

Impact Fee Fund Impact Fee Fund

Revenues Revenues

Impact Fee

$ $

267,408 24,807 292,215

$

150,000 150,000 $ $

471,732 59,495 531,227

$

200,000

267,408 $

471,732 $

Interest

Total Revenues Total Revenues

$ $

$

150,000 150,000 $ $

$

200,000

292,215 $

531,227 $

Expenditures Expenditures

Administration Capital Outlay Debt Service

$ $

‐ ‐ ‐

$ $

$ $

$ $

575,000 108,361

137,379 95,594

863,000 108,361

Total Operating Expenditures Total Operating Expenditures

$ $

$ $

683,361 683,361 $ $

232,973 232,973 $ $

971,361

Other Sources/(Uses) Transfer in Other Sources/(Uses)

$ $

$ $

533,361 533,361 $ $

$ $

771,361

Revenues over/(under) Expenditures Revenues over/(under) Expenditures

$ $

292,215 292,215 $ $

$ $

298,254 298,254 $ $

Beginning Fund Balance Beginning Fund Balance

$ $

1,243,350 1,243,350 $ $

1,535,565 1,535,565 $ $

1,535,565 1,535,565 $ $

1,833,819

Ending Fund Balance Ending Fund Balance

$ $

1,535,565 1,535,565 $ $

1,535,565 1,535,565 $ $

1,833,819 1,833,819 $ $

1,833,819

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