Town Administrator August 5, 2019Monthly Financials
The June Financial Monthly Report is available! This report, submitted monthly from the Finance Director, includes:
- Comments on significant budget variances from the previous year
- Details year to date revenues and expenditures
- Analyzes key revenue indicators such as sales and property tax, residential and commercial water use fees, wastewater use fees, and residential permit-related revenues
- Summarizes pooled cash investments, capital expenditures and estimated financial impact of oil and gas activities
General Fund Highlights in June:
- Capital contributions are trending upwards. The Town is 36 percent ahead of budget due to the number of residential permits issued; 346 compared to 336 permits from the same time-frame last year, with a budget of 255 permits. Capital contributions are fees received by various impact funds and the water and wastewater funds.
- The Water and Wastewater Fund have significant working capital balances; $54 million and $25 million respectively. These funds are allocated for the water treatment plant expansion, a waterline extension, the Town’s share of the Windy Gap Firming Projects, and expansion of the wastewater treatment plant.
- A 10 percent increase in capital expenditures compared to 2018 represents the construction of the Erie Parkway Bridge.
June’s 42-page report and others are available on the monthly financial reports webpage
.Emergency Operations Plan
Staff are actively amending the Emergency Operations Plan (EOP) to enhance Town employee's emergency response capabilities. The plan, originally adopted in 2007, was amended in 2010, and is in need of a refresh, particularly with the recent Emergency Disaster Ordinance adopted this May.
The EOP will be distributed to the Board of Trustees, Mountain View Fire Rescue, school districts, county and government and state agencies, the American Red Cross, volunteer and private organizations and other interested individuals.
In addition to spelling out the activation of Emergency Operation Centers, the plan recognizes the need for residents to self register for mass emergency notifications as landlines become less common. We encourage you to take a minute to subscribe to wireless emergency alerts in your area:Weld County Emergency AlertsBoulder County Emergency Alerts