Budget

The FY-2016 De Beque budget presents budgets for the General, Water, Wastewater, Irrigation, Conservation Trust, and Capital Improvements Funds. The budget shows the audited balances for 2014, projected balances for year-end 2015, and projected revenues, expenses and fund balances for FY-2016. Fund balances represent the value of all assets in the fund and do not represent cash on hand, which is often much less than the total balances.

Revenues in the General Fund will continue to grow due to the voter approval of a referred excise tax of 5% during the fall 2014 elections.While revenue from the county sales‚ tax will stay relatively flat, the total of Town sales‚ taxes will conservatively increase by roughly 20% due to recreational marijuana sales. The town has budgeted funds to utilize this new revenue from the excise tax to make infrastructure improvements and develop a public safety department that can better address the safety concerns of the community. The town expects increased revenues from new tap fees or cash-in-lieu development fees from development associated with the maturing marijuana industry. These funds will go towards improvements in water and wastewater infrastructure and compensate for no additional fee increases in FY-2016.

"Personnel"] Personnel expenditures are normally the largest single category in an organization‚ budget and De Beque isn't any different. Personnel expenditures for the town account for roughly one-third of expenses. The board has done a good job at keeping expenses at a minimum while accomplishing the necessary tasks to accomplish desired goals. In FY-2016 the town will continue with efforts to staff a full complement of public safety officers to meet the needs of the community. Revenue from the Marijuana Excise Tax will offset the increased expenses associated with this effort. The FY-2016 budget will now more accurately reflect the true cost of personnel for the town for expenses like unemployment insurance, health insurance, FICA, FPPA, and retirement are now broken out into individual line items by department.

"Enterprise Funds"]The utility funds are expected to operate as business enterprises with tap fees and rates paying for capital and operational expenses. Many small communities have a difficult time keeping these funds in balance without infusions of money from the general fund, taking away from other services. This imbalance can be corrected with the adoption of a sustainable rate structure coupled with a strong grant program to fund capital improvements. Once established, minimal annual increases will keep the funds in balance and will not impose an undue hardship on residents, which can be experienced when larger increases are implemented out of the crisis on a periodic basis. Transfers to the utility funds from the general fund are allowed up to 10%. Revenue from the marijuana excise tax will be used for this purpose and will result in no additional rate increases in FY-2016.

BUDGET

2021 Budget

Personnel

Personnel expenditures are normally the largest single category in an organization’s budget and De Beque isn’t any different. Personnel expenditures for the town account for roughly one-third of expenses.  The board has done a good job at keeping expenses at a minimum while accomplishing the necessary tasks to accomplish desired goals. In FY-2016 the town will continue with efforts to staff a full complement of public safety officers to meet the needs of the community. Revenue from the Marijuana Excise Tax will offset the increased expenses associated with this effort. The FY-2016 budget will now more accurately reflect the true cost of personnel for the town for expenses like unemployment insurance, health insurance, FICA, FPPA, and retirement are now broken out into individual line items by department. 

ENTERPRISE FUNDS

The utility funds are expected to operate as business enterprises with tap fees and rates paying for capital and operational expenses. Many small communities have a difficult time keeping these funds in balance without infusions of money from the general fund, taking away from other services. This imbalance can be corrected with the adoption of a sustainable rate structure coupled with a strong grant program to fund capital improvements. Once established, minimal annual increases will keep the funds in balance and will not impose an undue hardship on residents, which can be experienced when larger increases are implemented out of the crisis on a periodic basis. Transfers to the utility funds from the general fund are allowed up to 10%. Revenue from the marijuana excise tax will be used for this purpose and will result in no additional rate increases in FY-2016

CAPITAL & PROGRAM IMPROVEMENTS

Pending