TOWN OF GEORGETOWN BOARD OFSELECTMEN  Police. Judge Police. Judge pro tem Selectmen  Lynette Kelsey Jon. Jennings Rob Connell, Wardl Dienne Powell, WardI Jon] Jennings, WardII Dwayne Goscinski, WardII Mary Smith, WardI III Richl Barrows, Ward] III  September 10, 2024, e 6:00 p.m.  NOTICE! ANDAGENDA FOR REGULAR SCHEDULED MEETING  THE MEETING WILL BE HELD AT TOWN HALL, 404 6TH St. GEORGETOWN, COLORADO AND WILL BE OPEN TO THE PUBLIC AND THE MEETING CAN. ALSO BEJOINED VIRTUALLY  AGENDA:  PLEDGEOF, ALLEGIANCE CALLTOORDER  ROLL CALL: Police Judge to call the roll of Board Members  AGENDA APPROVAL AUDIENCE! BUSINESS: PAYABLES- - 823/24-9/5/24 (Motion for approval/denia by Board) MINUTES Regular Scheduled Meeting 8-27-24 (Motion for approval/denial by Board) NEW & UNFINISHED BUSINESS 1. Police Report Acting Police ChiefGaskins  Members of the audience have five minutes toj present any matter of interest not already on the agenda.  2. Resolution #9 (Series 2024) Supporting the Multi-Jurisdictional Housing Authority (MJHA) A RESOLUTION OF THE BOARD OF SELECTMEN OF THE TOWN OF GEORGETOWN, COLORADO SUPPORTING THE EXPLORATION AND POTENTIAL FORMATION OF A MULTI-JURISDICTIONAL HOUSING AUTHORITY (MJHA) IN CLEAR CREEK COUNTY THAT ALLIGNS WITH THE TOWN'S STRATEGIC HOUSING GOALS AND OBJECTIVES  (Motion for approval/denial by Board) (Motion for approval/denid by Board)  3. 2023 Draft Audit  Turnj page over for more agenda items and details on how toj join the meeting  or watch live stream yomogerstornss    STAFFI ITEMS  Assistant Town. Administrators Task list Town Administrator's Report  EXECUTIVESESSION  Executive Session under CRS 24-6-402(4 (b) and (f) with the' Town Attorney, Town Administrator and appropriate staff to receive legal advice concerning on, and for personnel matters: (1) Performance review of Acting Police Chiefand (2) Police Chief Contract and POST Certification qualifications  ADJOURN  Toj join the meeting virtually: www.zoom.us Webinar ID: 879.28976548 Or Telephone: +1 346 248 7799 or +1 6699006833 The meeting can be watched live via: www.townolgeorgetown.us Boards/Commissions, Meetings - Live Stream and Archived Click on Board of Selectmen meeting in session  The public can obtain submit their comments regarding the agenda prior to the meeting at Town Hall  or email to: ownclerk@lownageorgetow.us  IHEREBY CERTIFYTHATACOPYC OF THE FOREGOINGI Notice ofthe Board ofSelectment meeting ofthe Town of Georgetown was, by me personally, postedo on 9-6-24: atl least2 24  hours priort tot thes scheduledi mecting, att thef followingl locations: Townl Hall- 4046 6thSt. Georgetown, CO By:. Jennifer Yobski," Town Clerk  Post Office- 7006 6thSt, Georgetown, CO  wwwiowmogeogetowau  Individuals with disabilities needing auxiliary aid(s) may request assistance by contacting Town Hall: 404 6th Street, P.O. Box 426, Georgetown, CO 80444, Phone 303.569.2555 ext. 2, email cridomdsstanes We would appreciate itifyou would contact us at least 48 hours in advance oft thes scheduled event so arrangement can be made to locate the requested auxiliary  aid(s).    TOWN OF GEORGETOWN Report Criteria: Vendor GENERALI FUND 10-22760 EMPLOYEE GROUPI INS. PAYABLE 4701 THE HARTFORD Total: MUNICIPAL COURT 10-42-300 PROFESSIONAL SERVICES-JUDGE 4820 TOUSSAINT, RICHARDW. Total MUNICIPAL COURT: ADMINISTRATION 10-45-390 OTHER SERVICES 1289 AXIOM 7170 EDGE, SUSAN 10-45-411 WATER&S SEWER 4830 TOWN OF GEORGETOWN 10-45-525 INTERNET 2099 COMCAST 10-45-530 TELEPHONE 4250 CENTURYLINK 4250 CENTURYLINK 2332 DBI NETWORKS SOLUTIONS 613697 10-45-570 DUES&S SUBSCRIPTIONS 1289 AXIOM 10-45-610 OFFICE SUPPLIES 1162 AMERICAN: SOLUTIONS 3940 OFFICE DEPOT 10-45-742 AMERICAN RECOVERYFUNDS 2973 HAMILTON, ROBERTV. Total ADMINISTRATION: POLICE DEPARTMENT 10-54-435 MANTEMACE-EQUPMENT 1289 AXIOM 10-54-436 MAINTENANCE- -VEHICLES 2215 2730 FOOTHILLSAUTOANDI TRUCK 081724 10-54-525 INTERNET 2099 COMCAST 10-54-690 MISCELLANEOUS 7271 GLENSMITH 7268 HILL, KIMBERLEE 3371 KRWASSOCATESLLC Total POLICE DEPARTMENT: ROAD&B BRIDGE 10-60-411 WATERISEWER 4830 TOWN OF GEORGETOWN  Payment Approval Report- by GL Account Report dates: 8/23/2024-9/5/2024  Page: 1 Sep 04, 2024 04:42PM  Invoices with totais above $0.0 00 included. Paida and unpaidi invoices included.  Vendor Name  Invoice Number  Description  Invoice Date Net Invoice Amount Amount Paid Date Paid  021815939874 STD/LTD PREMIUMS  09/04/2024  562.42 562.42 175.00 175.00 1,485.00 120.00 648.00 261.67 119.26 3.50 197.74 465.75 461.55 56.07 79.74 3,898.28 1,050.00 10.80 17.38 255.35 400.36 36.39 19,795.75 21,566.03 211.66 81.24  00 00 .00 .00 .00 .00 .00 .00 .00 .00 .00 00 .00 00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00  082924  MUNICIPAL COURT. JUDGE  08/29/2024  4973 090324 083124 081824 20240816 700742744 TELEPHONE 4954 INV07608244 CHECKS 381349185001 OFFICE SUPPLIES 090424  MONTHLYIT CHARGE CONTRACTI MINUTE TAKER WISBILL INTERNET TELEPHONE MONTHLY PHONE SVC GOVCLOUDI LICENSING  09/01/2024 09/03/2024 08/31/2024 08/18/2024 08/16/2024 08/20/2024 09/02/2024 08/26/2024 08/22/2024 08/13/2024  REIMB SUPPLIES STROUSSEP 09/04/2024  4958 129092 081624 090424 083024 2024-1  PDMDTE BUILD PD CARI WASH OCTANE BOOSTER INTERNET PD  08/26/2024 08/08/2024 08/17/2024 08/16/2024  EXPRESS  REIMB AIRFARE AND CAR REN 09/04/2024 REIMB F/C3FEST SUPPLIES 08/30/2024 POLICE CHIEF EXECUTIVE SEA 08/22/2024  4339 TIMBERLINE DISPOSAL ANDE RE 5600997V324 PORTA. JOHNS  09/01/2024 08/31/2024  083124  WISE BILL    TOWN OF GEORGETOWN Vendor  Payment Approval Report- by GL Account Reporto dates: 8232024-9/5/2024 Description  Page: 2 Sep 04, 2024 04:42PM  Vendor! Name  Invoice! Number  Invoice Date Net Invoice Amount Amount Paid Date Paid  10-60-421 TRASHR REMOVAL 4738 TIMBERLINE DISPOSAL LLC 5599647V324 TRASH DISPOSAL 10-60-525 INTERNET 4250 CENTURYLINK 10-60-670 TRAFFIC CONTROL 1940 COLORADO! BARRICADE CO 65162988-001 SIGNS 3058 HOME DEPOT CREDIT SERVIC 082824 10-60-730 BRIDGES 3058 HOME DEPOT CREDIT SERVIC 082824 Total ROAD&E BRIDGE: PARKS & RECREATION 10-65-411 WATER & SEWER & SANOLETS 4830 TOWN OF GEORGETOWN 10-65-420 JANITORIAL FEES 3058 HOME DEPOT CREDIT SERVIC 082824 10-65-430 MAINTENANCE- GENERAL 3058 HOME DEPOT CREDIT SERVIC 082824 10-65-700 CAPITAL OUTLAY 2973 HAMILTON, ROBERTV. 3058 HOME DEPOT CREDIT: SERVIC 082824 3058 HOME DEPOT CREDIT SERVIC 082824 Total PARKS &F RECREATION: NON-DEPARTMENTAL 10-90-530 COMMUNITYCTRI PHONE &I INTERNET 4250 CENTURYLINK Total NON-DEPARTMENTAL Total GENERAL FUND: FIRESTATIONI MAINTENANCE FUND EXPENDITURES 12-40-411 WATER &s SEWER 4830 TOWNOF GEORGETOWN 12-40-530 TELEPHONE 4250 CENTURY LINK Total EXPENDITURES: Total FIRESTATIONI MAINTENANCE FUND: TOWNF PROMOTION COMMISSIONF FUND EXPENDITURES 21-40-685 SPECIAL EVENTS 1696 CLEAR CREEK METRO RECDI 487 Total EXPENDITURES: Totall TOWN PROMOTION COMMISSIONFUND: SALES TAXFUND-CAPITALI IMPROV. EXPENDITURES  09/01/2024 08/16/2024 08/16/2024 08/28/2024 08/28/2024  554.61 150.32 220.00 179.60 153.63 1,551.06 809.18 4,007.01 37.96 194.92 1,733.23 180.71 201.53 7,164.54 174.31 174.31 35,091.64  00 00 .00 00 00 00 00 .00 00 00 .00 00 00 .00 .00 00 .00  240816  INTERNET GENERAL SUPPLIES GENERAL SUPPLIES  4339 TIMBERLINE DISPOSAL ANDI RE 5600997V324 PORTAJ JOHNS  09/01/2024 08/31/2024 08/28/2024 08/28/2024 08/28/2024 08/28/2024  083124  WIS BILL GENERAL SUPPLIES GENERAL SUPPLIES REIMB SUPPLIES STROUSSEP 09/04/2024 GENERAL SUPPLIES GENERAL SUPPLIES  090424  081624  TELEPHONE ANDI INTERNET 08/16/2024  083124  WIS BILL  08/31/2024 08/16/2024  144.00 67.30 211.30 211.30  00 00 .00 .00  AUG162024 TELEPHONE  DONATIONFOR: SLACKER  08/22/2024  1,500.00 1,500.00 1,500.00  .00 .00 .00    TOWN OF GEORGETOWN Vendor 40-40-390 PROJECTMGR 2973 HAMILTON, ROBERTV. 40-40-510 SPECIAL PROJECTS- NA ARGENTINE 1590 CYNTHIAC. NEELY 40-40-688 ARGENTINE NORTHE PROJECT 1802 CLEAR CREEK TECHNICAL SER 5002 Total EXPENDITURES: Total SALES TAXI FUND-CAPITAL IMPROV:  Payment Approval Report- by GL Account Report dates: 8232024-9/5/2024 Description  Page: 3 Sep 04, 2024 04:42PM  Vendor Name  Invoice Number  Invoice Date Net Invoice Amount Amount Paid Date Paid  SPRP-0824 PROJECT MGR STROUSSEI PA 08/31/2024  490.00 1,150.00 7,350.00 8,990.00 8,990.00  00 00 .00 00 00  083124  GATEWAY SPECIAL PROJECTS 08/31/2024 ARGENTINE STN.F PROJECT 08/31/2024  WATERFUND OPERATIONAL 51-40-270 UNIFORMS 7272 BARKER, JILL 51-40-390 OTHER SERVICES 51-40-411 WATER &S SEWER 4830 TOWN OF GEORGETOWN 51-40-525 INTERNET 4250 CENTURYLINK 51-40-530 TELEPHONE 4250 CENTURYLINK 51-40-615 POSTAGE 4890 USPOSTMASTER 51-40-665 LABORATORYWATER TESTING  082424 083124 160824 160824 090324  REIMB FORE BOOTS WIS BILL INTERNET TELEPHONE WIS BILLS  08/24/2024 08/31/2024 08/31/2024 08/16/2024 08/16/2024 09/03/2024 08/23/2024 08/27/2024 08/22/2024 08/29/2024  25.00 50.95 2,824.20 60.00 65.49 471.60 155.70 20.70 28.80 3,890.04 3,890.04  00 .00 .00 .00 .00 00 00 00 .00 187.60 187.60  4963 UTILITY NOTIFICATION CENTE 224080699 RTL TRANSMISSIONS  187.60 187.60 09/03/2024  1930 COLORADO ANALYTICAL LABO 240814180 WATER TEST 1930 COLORADO ANALYTICAL LABO 240821070 WATER1 TEST 1930 COLORADO ANALYTICAL LABO 240821072 WATER1 TEST 1930 COLORADO ANALYTICAL LABO 240821075 WATER1 TEST  Total OPERATIONAL EXPENDITURES: Total WATERI FUND: SEWERFUND OPERATIONAL EXPENDITURES 52-40-270 UNIFORMS 7272 BARKER, JILL 52-40-390 OTHER SERVICES 52-40-421 TRASH REMOVAL 52-40-435 MANTEMANCE-EQUPMENT 3058 HOME DEPOT CREDIT SERVIC 082824 52-40-525 INTERNET 4250 CENTURYLINK 52-40-530 TELEPHONE 4250 CENTURYLINK 52-40-615 POSTAGE 4890 USPOSTMASTER 52-40-665 LAB TESTING Total Total SEWER FUND:  082424  REIMB FORI BOOTS  08/24/2024 08/31/2024 09/01/2024 08/28/2024 08/16/2024 08/16/2024 09/03/2024 09/03/2024  25.00 50.96 171.27 518.98 60.00 63.27 187.60 226.80 1,303.88 1,303.88  00 00 00 .00 00 .00 187.60 09/03/2024 .00 187.60 187.60  4963 UTILITY NOTIFICATION CENTE 224080699 RTL TRANSMISSIONS 4738 TIMBERLINE DISPOSALI LLC 5599647V324 TRASH DISPOSAL  GENERAL: SUPPLIES INTERNET TELEPHONE WIS BILLS  AUG1624 AUG1624 090324  1930 COLORADO ANALYTICAL LABO 240814174 WATERT TEST  EXPENDITURES:    TOWN OF GEORGETOWN Vendor Grand Totals:  Payment Approval Report- by GLA Account Report dates: 8/232024-9/5/2024 Description  Page. 4 Sep 04, 2024 04:42PM  Vendor Name  Invoice Number  Invoice Date Net! Invoice Amount Amount Paid Date Paid  50,986.86  375.20  Dated: Police Judge: Town Clerk: Report Criteria:  Invoices with totais above $0.0 00i included. Paida and unpaidi invoices included.    TOWN OF GEORGETOWN BOARD OF SELECTMEN August 27,2024 Regular scheduled meeting minutes  WORK SESSION  The Georgetown Board of Selectmen held a work session prior to the regular scheduled meeting on Tuesday, August 27, 2024, at 5:00 p.m. The Board had a discussion regarding the Clear Creek County Multi-Jurisdictional Housing Authority (MJHA). County Commissioner: George Marlin, Idaho Springs Mayor: Chuck Harmon, Idaho Springs City Administrator: Andy Marsh, and Clear Creek County Strategic & Community Planning Director: Amy Saxton. The Board also had a discussion with Jake Victor regarding Affordable Housing in Georgetown.  CALLTOORDER/PLEDGE OF ALLEGIANCE  The Georgetown Board of Selectmen held a regular scheduled meeting on Tuesday, August 27, 2024. The meeting was held at the Georgetown Town Hall, 404 6th St. with the option to join virtually. The meeting was streamed live via the town website: www.owmolgeorgetown.s, hosted by Town Clerk, Jennifer Yobski. Police Judge Kelsey called the regular meeting to order  at 6:12 p.m. ROLL CALL the meeting. STAFF  Police Judge Kelsey took the roll call, Selectmen answering in-person were, Rob Connell, Jon Jennings, Dwayne Goscinski, Mary Smith, and Rich Barrows. Amanda Cooper was absent from  Town Administrator: Rick Keuroglian, Town Attorney: Gerald Dahl, Public Works Supervisor,  Ryan Zabel, Town Clerk: Jennifer Yobski Absent: Town Treasurer: Mary Sims AUDIENCE: Bob Hamilton and Cindy Neely Virtual: Daniel Trechter AGENDA. APPROVAL  Selectman Connell made a motion to approve the August 13, 2024, agenda as presented, second by Selectman Goscinski, and the motion passed with unanimous vote.  AUDIENCE BUSINESS There was no audience business. PAYABLES-8/924-82224  Selectman Connell made a motion to approve the payables from 8/9/24-8/22/24 as presented, second by Selectman Goscinski and the motion passed with unanimous vote.  Page I 8-27-24    MINUTESA APPROVAL Amendment:  August 13, 2024 Regular scheduled meeting 1.Page 3, #4, change "shore" to "dam"  Selectman Connell made a motion to approve the August 13, 2024, regular scheduled meeting minutes as amended, second by Selectman Goscinski and the motion passed with  unanimous vote. Amendment:  August 16, 2024 Special Meeting minutes  1. Under the Executive Session details, add "KRW Associates" after Mark Collins, and in the same sentence, add "four finalists were present for the interviews". Selectman Connell made a motion to approve the August 16, 2024, special meeting minutes as amended, second by Selectman Goscinski and the motion passed with unanimous vote.  August 19, 2024 Special Meeting minutes 1.Change "Trustees" to "Selectmen" in the title. 2. Create a signature line for the Police Judge and Town Clerk.  Amendments:  Selectman Smith made a motion to approve the August 19, 2024, special meeting minutes as amended, second by Selectman Goscinski and the motion passed with unanimous vote.  NEW ANDU UNFINISHED BUSINESS 1. Police Report- = Acting Police Chief Gaskins  Acting Police Chief Gaskins was not present at the meeting and there was no report 2. Cindy Neely,Town Consultant- - Proposed National Register District  available.  Cindy Neely explained that in 2014 a comprehensive study was completed to designate the structures built in the Ntional Historic Landmark District (NHLD)from 1859-1893 and consider them as contributing structures that are protected by that status. Ms. Neely further explained that with the permission and support ofthe National Park Service (NPS) and the State Historic preservation Office (SHPO) the survey was expanded to cover structures built between 1894-1907 as also contributing structures as that time is more accurate for the 19th century mining period. It was believed that those designations would provide the same protection as the NHLD but was discovered in discussions with the NPS and the SHPO that the Georgetown Powerhouse would not have the same protection. It was discovered that to have national protection a site needs to be a national district. It was recommended to create within the NHL, a National Register District with dates ofs significance from 1894-probably  tol 1915. Page2 8-27-24    Ms. Neely stated that most of the work to create the National Register District was completed ini the 2014: survey. There are about 20 sites in Georgetown and Silver Plume that will be included in the National Register District. Carl McWilliams of Cultural Resource Historians and Eric Rwitty ofMountain States Historical, who completed the 2014 survey will work on the nomination form. Christine Bradley and Cindy Neely will work on the project as needed as was done previously. Al Planning grant will be housed at the Georgetown Trust which will be requested from the State Historic Fund to cover expenses for the project. Ms. Neely explained that the Design Review Commission at its August 22, 2024, meeting agreed unanimously to support the project, and it is requesting a letter ofs support from the Selectman Connell made a motion that the Board of Selectmen supports the nomination ofal National Register District for contributing structures for the period of 1894-1915, second by Selectman Goscinski, and the motion passed unanimously. 3. Ordinance #10 (Series 2024) Public Hearing and Second Reading AN ORDINANCE AMENDING SECTION 3.28.020 OF THE GEORGETOWN MUNICIPAL CODE CONCERNINGTHE DEFINITION OF LODGING SERVICES Police Judge Kelsey opened the public hearing at 6:39 p.m. There were no public comments. Mr. Keuroglian explained that the definition ofLodging Services needs tol be expanded to include In-patient facilities, for Serenity for Life's Wellness Center, to pay the Lodging Tax for The number of days int the definition needs to be adjusted from 30 days to 29 days. Selectman Smith made a motion to approve Ordinance #10 (Series 2024) on second reading as amended, second by Selectman Barrows, and the motion passed unanimously. Al RESOLUTION OF THE BOARD OF SELECTMEN FOR THE TOWN OF GEORGETOWN, COLORADO, APPROVING A CONTRACT IN COMPLIANCE WITH HB21-IIIOTOMAKE GOVERNMENT SERVICES ACCESSIBLE TO ALL The Colorado Legislature has enacted HB21-1110, requiring digital access for public documents and services. The law mandates that all government entities develop and implement accessibility plans by July 1,2024, in accordance with the latest web content accessibility guidelines. The Board of Selectmen approved Resolution No. 8 (Series 2024), adopting an Action Plan to  Board of Selectmen for the project.  its services.  Police Judge Kelsey closed the public hearing at 6:43 p.m.  4. Resolution #11 (Series 2024)  MEMBERS OF THE PUBLIC.  achieve compliance with HB21-1110 on June 25, 2024.  Page3 8-27-24    There was only one bid presented to the Board because a $10,000 grant was applied for and awarded through the Statewide Internet Portal Authority (SIPA). This grant was to go towards accessibility mandates. SIPA only works with one agency, that is Allyant, an accessibility 1. Assess accessibility compliance for ownorgeorgetown.us and corgetown.colorado.org 2. Provide access to the Allyant HUB for reporting, audits, and training purposes. 3. Remediate documents as requested by Town staff with additional funds. These services by Allyant will be for a total of $8,500.00 for one year. The remaining amount is to be used to remediate individual public-facing documents, such as the Design Review Guidelines and the Town Construction Standards sO that they meet accessibility requirements. Selectman Connell made a motion to approve Resolution #11 (Series 2024) not to exceed the amount received from the SIPA Grant, second by Selectman Connell and the motion 5. Employment Contract with Daniel Trechter for Chief of Police position There were ai few amendments to the original contract which were:  remediation software company, that will offer the following services:  passed unanimously.  Daniel Trechter appeared virtually to discuss his contract with the Georgetown Police Chief. Section 4: Trechter shall receive an immediate allocation of five days of vacation time, subject to reimbursement for early departure before fully earned. Trechter shall have the opportunity to request an adjustment in vacation/paid time off after six Section 5: In the event Trechter obtains provisional POST certification, such that Trechter will be able to attend a two-three week refresher Academy to prepare to pass the written and practical skills evaluations required for permanent Colorado POST certification, the Town will pay the expenses oft that Academy, restricted to registration, materials costs, meals and mileage from Trechter's new home in Clear Creek County. Inn the event the Colorado POST provisional process, prior to relocating to Colorado and beginning employment, all costs oft the written testing  months of employment.  process will be the responsibility ofTrechter.  Selectman Goscinski made a motion to approve the revised Employment Contract for Daniel Trechter, second by Selectman Connell and the motion passed with unanimous vote.  Page 4 8-27-24 STAFF ITEMS  Assistant' Town Administrator'si update  Kazia Hart was not present at the meeting. Her task list was distributed in the Board  agenda packets.    TownAdministrater's Report and Task List following items were in addition to the report.  Mr. Keuroglian included his Administrator's Report in the Board agenda packets. The Norm Stitzer, owner of the Crazy Horse building on Argentine St., is having a structural engineer assess his building on August 22, 2024, and Mr. Keuroglian 2025 Budget Calendar- The audit was supposed to be completed by June 20, 2024, and it was just recently received. The budget requests have been sent out to the Boards/commissions and will be sent to the Town Treasurer by September 13, Major Anderson subdivision - Mr. Keuroglian stated that the HOA is having issues with finding reliable snow removal contractors and asked the Board ifa contract could be created for Town Stafft to be utilized for snow removal for when more than two feet of snow fall. Selectman Smith stated that other subdivisions with private roads have been denied using Town Staff for snow removal in the  will be able to do a walk-through oft the building.  North Argentine Project  2024.  past. The Board agreed to deny the request.  Police Judge Kelsey mentioned Freeport McMann is organizing a Clean-Up Day at the  Georgetown Lake on September 18, 2024.  ADJOURN  Selectman Connell made a motion to adjourn the meeting at 7:18 p.m., second by Selectman Goscinski and the motion passed with unanimous vote.  ATTEST:  Lynette Kelsey, Police Judge  Jennifer Yobski, Town Clerk  Page 4 8-27-24        Memo: Board Report  To:  Board of Selectmen  From: J.Gaskins Date: Re:  September 6, 2024 Police Report  The past two weeks! have been busy with several arrests being made for various criminal activities pursuant to investigations. One arrest for criminal trespass pursuant to an investigation, one for failure to comply as as sex offender, one for intimidating a witness pursuant to an investigation, and one at the Georgetown Lake. An arrest was made ofal homicide suspect under the pretext ofa full-extradition A total of34,587 vehicles came through the roundabout this past holiday weekend, with 35 hits made in reference to al hotlist. These included stolen plates, stolen vehicles, a felony warrant and a missing person. Some of these were investigated but due to issues with the alerts, workload and traffic volume, it was not productive. There is an increase in crime as noted in recent weeks with a near 100-percent solvability rate. Lake violations such as alcohol and drug use are steady with very little resources or time available for targeted enforcement action. Traffic enforcement was also conducted when time allowed during heavy volume times. It was noted that once traffic cleared the new roundabout speeds picked up The following information was submitted as public information to address some concerns pertaining to  warrant.  dramatically. thel LPR system:  The Georgetown Police Department has adopted an Automated License Plate Reader (ALPR) technology program (colloquially known as an LPR -License Plate Recognition) program, which provides automated detection ofl license plates. The LPR is used by the Georgetown Police to convert data associated with vehicle license plates for official law enforcement purposes, including identifying stolen or wanted vehicles, stolen license plates and missing persons. This program will greatly enhance the capability of GPD in identifying dangerous individuals as they enter town or more quickly identify suspects involved in criminal activities such as the stolen Razor and motorcycles earlier The program is designed to enhance public safety and the protection of property. The LPRs gather license plate information for 30 days before it is deleted. Ifa crime occurs in Georgetown this data can be reviewed, and a suspect identified quickly sO that the case may be resolved in a timelier manner than previously without the aid ofthis technology.  this summer. Or the rash ofs stolen vehicles in recent years.    Itisnoti intended for the purpose ofidentifying minor traffic violations or any other purpose than to improve the quality oflife ofall Georgetown residents. We are seeing an increase inj property crimes (and even violent crimes) that require additional technology tol help solve these cases. This technology can communicate with other agencies who use the technology in their respective jurisdictions. This will allow for the identification of suspect vehicles involved in organized crimes (crimes across the metro or other areas) as they enter Georgetown and prior to engaging in criminal activity in our community. Ifanyone has any questions or concerns, please contact Acting ChiefJ. Gaskins. The  Georgetown policy on this technology is available for review.  Acting ChiefJ. Gaskins  2    Agenda Item No. 2 Meeting Date: 9/10/2024  TOWN OF GEORGETOWN BOARD OF SELECTMEN  MEETING AGENDA ACTION/DISCUSSION ITEM  AGENDAI ITEM1 TITLE: Resolution No.9 (Series 2024) - The TOG Supporting the exploration  and potential formation of a Mult-Jurisdictional Housing Authority  SUMMARY:  Staff has prepared a Resolution to support the exploration and potential formation of a county wide Mult-lurisdictional Housing Authority in order to address the urgent housing crisis needs that is affecting the residents not onlyi in the Town of Georgetown, but in the City of Idaho Springs, the Towns of Empire and Silver Plume, and in the unincorporated areas of Clear Creek County. Forming a MJHA would be able to address regional housing challenges through community engagement, code alignment, financial resource pooling, and the sharing of best practices and integrated responses to housing challenges. Please see Resolution No.9 (Series 2024) and the list of objectives for the endorsement that consists of: Local control and compliance, Focus on Affordable Housing, Strengthening of Community, Strategic Housing Development, Maximize Financial Support, and Financial Independence and Program Diversity. To be clear, this Resolution expresses support for continuing discussions concerning the potential formation ofan MJHA and does not constitute. a vote ofthe Board to form,join, fund, or participate  in such an entity at this time. STAFF RECOMMENDATION:  Town Staff recommends the Board of Selectmen approve Resolution No.9 (Series 2024).  RECOMMENDED MOTION:  "Imove to approve Resolution No.9 (Series 2024)."  ATTACHMENTS:  Resolution No.9 (Series 2024). A RESOLUTION OF THE BOARD OF SELECTMEN OF THE TOWN OF GEORGETOWN, COLORADO SUPPORTING THE EXPLORATION AND POTENTIAL FORMATION OF Al MULTI-JURISDICTIONAL HOUSING AUTHORITY (MJHA) IN CLEAR CREEK COUNTY THAT. ALLIGNS WITHTHE TOWN'S STRATEGIC  HOUSING GOALS AND OBJECTIVES.        RESOLUTION: NO.9 (Series of2024)  Al RESOLUTION OF THE BOARD OF SELECTMEN OF THE TOWN OF GEORGETOWN, COLORADO SUPPORTING THE EXPLORATION AND POTENTIAL FORMATION OF Al MULTI-JURISDICTIONAL HOUSING AUTHORITY (MJHA) IN CLEAR CREEK COUNTY THAT ALLIGNS WITH THE TOWN'S STRATEGIC HOUSING GOALS AND OBJECTIVES  WHEREAS, the Town of Georgetown Board of Selectmen (the "Board") recognizes the urgent need for innovative and collaborative approaches to address the housing crisis affecting  the citizens oft the Town of Georgetown; and  WHEREAS, Colorado House Bill 21-1271, passed in 2021, establishes programs to foster the development of affordable housing throughout Colorado, offering a significant  opportunity for regional collaboration in housing strategies; and  WHEREAS, the Town, in collaboration with Clear Creek County, City of Idaho Springs and the Towns of Silver Plume, and Empire, has engaged in the "A Clear Path Home" project, funded through the Innovative Housing Opportunity Planning grant program of the Colorado Department of Local Affairs, to address regional housing challenges through community engagement, code alignment, and the exploration of a Multi-Jurisdictional Housing Authority  (MJHA); and  WHEREAS, the establishment of an MJHA in Clear Creek County could enhance housing strategy capacity, enable financial resource pooling, provide residents with access to a broader array of funding programs, and facilitate the sharing of best practices and integrated  responses to housing challenges; and  WHEREAS, the Board during its regular meetings on November 14, 2023 and July 9, 2024, deliberated on the potential benefits and objectives for the Town's participation in a MJHA, prioritizing local control and compliance, affordable housing focus, preservation of community, strategic housing development, maximization of financial support, and financial  independence with program diversity.  NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SELECTMEN OF Section 1. The Board hereby expresses its support for the exploration and potential formation ofan MJHA in Clear Creek County, provided that the MJHA aligns with and supports  THE TOWN OF GEORGETOWN, AS FOLLOWS:  the specific goals and objectives identified as important by the Board. following objectives, crucial for the Countysendorsement and participation:  Section 2. The Board emphasizes the importance of the MJHA adhering to the    a. Local control and compliance: Ensure that all housing projects initiated or supported by the MJHA, and taking place in the Town of Georgetown, strictly adhere to the planning and building processes of the Town of Georgetown, reinforcing the principles of local governance, and ensuring that developments meet the Town's standards, regulations, and b. Focus on Affordable Housing: Prioritize the development and preservation of affordable housing options to address the diverse needs of Georgetown and County residents. Commit to ensuring access to quality housing for all community members, with a specific focus on creating and maintaining housing solutions that are financially accessible toab broad spectrum of the population, including vulnerable groups and seniors. - Strengthening of Community: Commit to strengthening Georgetown and Clear Creek County's community in all housing initiatives. This involves improving the quality of existing housing stock and ensuring new developments are designed to create community d. Strategic Housing Development: Adopt a balanced approach to housing development, encompassing the preservation of existing structures and the introduction of new, e. Maximize Financial Support: Proactively pursue grant funding, tax incentives, and other financial mechanisms to maximize external support for the MJHA's housing projects . Financial Independence and Program Diversity: Develop a broad range of programs aimed at addressing housing needs. This includes exploring revenue-generating activities, forming strategic partnerships, and implementing innovative housing solutions to ensure  community expectations.  and to benefit residents and neighborhoods throughout the County.  innovative housing solutions.  and preservation efforts.  the MJHA'ss sustainability and reduce reliance on external funding.  Section 3. This Resolution expresses support for continuing discussions concerning the potential formation of an MJHA and does not constitute a vote of the Board to form, join or  participate in such an entity at this time.  RESOLVED, APPROVED, and ADOPTED this  day of  2024, at a  regularly scheduled meeting of the Board of Selectmen oft the Town of Georgetown, Colorado.  TOWN OF GEORGETOWN  Lynette Kelsey, Police Judge  ATTEST:  2    Jennifer Yobski, Town Clerk  Posted up at the Town Offices of this day of  2024.  3        Town of Georgetown PO Box 426 Georgetown, CO8 80444  August 28, 2024 Mayberry & Company, LLC 8130 S Valley Highway Suite 300 Englewood, CO80112  This representation letter is provided in connection with your audit of the financial statements of Town of Georgetown, which comprise the respective financial position of the governmental activities, the business-type activities, and the aggregate remaining fund information as of December 31, 2023, and the respective changes in financial position and, where applicable, cash flows for the period then ended, and the related notes to the financial statements, for the purpose of expressing opinions as to whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, ift they involve an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement. An omission or misstatement that is We confirm, to the best of our knowledge and belief, as of August 28, 2024, the following representations made to 1) We have fulfilled our responsibilties, as set outi in the terms of the audit engagement letter dated January 16, 2024, including our responsibility for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP and for preparation of the supplementary information in accordance with the 2) The financial statements referred to above are fairly presented in conformity with U.S. GAAP and include all properly classified funds and other financial information of the primary government and all component units required by generally accepted accounting principles to be included in the financial reporting entity. 3) We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material 4) We acknowledge our responsibility for the design, implementation, and maintenance of internal control to 5) Significant assumptions we used in making accounting estimates, including those measured at fair value, are 6) Related party relationships and transactions, including revenues, expenaituresexpenses, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties have been 7) Adjustments or disclosures have been made for all events, including instances of noncompliance, subsequent to the date of the financial statements that would require adjustment to or disclosure in the financial 8) The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial statements as a whole for each opinion unit. A list of the uncorrected misstatements is attached to 9) The effects of all known actual or possible litigation, claims, and assessments have been accounted for and 10) Guarantees, whether written or oral, under which the Town is contingently liable, if any, have been properly  America (U.S.GAAP).  monetarily small in amount could be considered material as a result of qualitative factors.  you during your audit. Financial Statements  applicable criteria.  misstatement, whether due tot fraud or error. prevent and detect fraud. reasonable.  appropriately accounted for and disclosed in accordance with U.S. GAAP.  statements.  the representation letter.  disclosed in accordance with U.S. GAAP. recorded or disclosed.    Information Provided 11) We have provided you with:  a) Access to all information, of which we are aware, that is relevant to the preparation and fair presentation oft the financial statements, such as records, documentation, and other matters [and all audit or relevant c) Unrestricted access to persons within the Town from whom you determined it necessary to obtain audit d) Minutes of the meetings of the Town Selectmen Cor summaries of actions of recent meetings for which 12) All material transactions have been recorded in the accounting records and are reflected in the financial 13) We have disclosed to you the results of our assessment of the risk that the financial statements may be 14) We have no knowledge of any fraud or suspected fraud that affects the Town and involves:  monitoring reports, ifany, received from funding sources).  b) Additional information that you have requested from us for the purpose oft the audit.  evidence.  minutes have not yet been prepared.  statements.  materially misstated as a result of fraud.  Management,  Employees who have significant roles in internal control, or  Others where thet fraud could have a material effect on the financial statements. statements communicated by employees, former employees, regulators, or others.  15) We have no knowledge of any allegations of fraud or suspected fraud affecting the Town's financial 16) We have no knowledge of instances of noncompliance or suspected noncompliance with provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should be considered when preparing 17) We have disclosed to you all known actual or possible litigation, claims, and assessments whose effects 18) We have disclosed to you the identity of the Town's related parties and all the related party relationships and 19) There have been no communications from regulatory agencies concerning noncompliance with, or 20) We have identified to you any previous audits, attestation engagements, and other studies related to the audit 21) The Town has no plans or intentions that may materially affect the carrying value or classification of assets, 22) We are responsible for compliance with the laws, regulations, and provisions of contracts and grant agreements applicable to us, including tax or debt limits and debt contracts; and legal and contractual 23) We have identified and disclosed to you all instances, which have occurred or are likely to have occurred, of fraud and noncompliance with provisions of laws and regulations that we believe have a material effect on the financial statements or other financial data significant to the audit objectives, and any other instances that 24) We have identified and disclosed to you all instances, which have occurred or are likely to have occurred, of noncompliance with provisions of contracts and grant agreements that we believe have a material effect on the determination of financial statement amounts or other financial data significant to the audit objectives. 25) We have identified and disclosed to you all instances that have occurred or are likely to have occurred, of abuse that could be quantitatively or qualitatively material to the financial statements or other financial data  financial statements.  should be considered when preparing the financial statements.  transactions of which we are aware. Goyernment-speciic  deficiencies in, financial reporting practices.  objectives and whether related recommendations have been implemented.  liabilities, or equity.  provisions for reporting specific activities in separate funds. warrant the attention of those charged with governance.  significant to the audit objectives.    26) There are no violations or possible violations of budget ordinances, laws and regulations (including those pertaining to adopting, approving, and amending budgets), provisions of contracts and grant agreements, tax or debt limits, and any related debt covenants whose effects should be considered for disclosure in the financial statements, or as a basis for recording al loss contingency, or for reporting on noncompliance. 27) As part of your audit, you assisted with preparation of the financial statements and related notes. We acknowledge our responsibility as it relates to those nonaudit services, including that we assume all management responsibilities; oversee the services by designating an individual, preferably within senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of the services performed; and accept responsibility for the results of the services. We have reviewed, approved, 28) The Town has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets 29) The Town has complied with all aspects of contractual agreements that would have a material effect on the 30) The financial statements include all component units as well as joint ventures with an equity interest, and 31) Thet financial statements properly classify all funds and activities, in accordance with GASB Statement No. 34. 32) All funds that meet the quantitative criteria in GASBS Nos. 34 and 37 for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial 33) Components of net position (net investment in capital assets; restricted; and unrestricted) and components of fund balance (nonspendable, restricted, committed, assigned, and unassigned) are properly classified and, if 34) Investments, derivative instruments, and land and other real estate held by endowments are properly valued. 36) Expenses have been appropriately classified in or allocated to functions and programs in the statement of 37) Revenues are appropriately classified in the statement of activities within program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal. 38) Interfund, internal, and intra-entity activity and balances have been appropriately classified and reported. 39) Deposits and investment securities and derivative instruments are properly classified as to risk and are 40) Capital assets, including infrastructure and intangible assets, are properly capitalized, reported, and, if 41) We have appropriately disclosed the Town's policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position is 42) We are following our established accounting policy regarding which resources (that is, restricted, committed, assigned, or unassigned) are considered to be spent first for expenditures for which more than one resource classification is available. That policy determines the fund balance classifications for financial reporting  and accepted responsibility for those financial statements and related notes.  nor has any asset been pledged as collateral. financial statements in the event of noncompliance.  properly disclose all other joint ventures and other related organizations.  statement users. applicable, approved.  35) Provisions for uncollectible receivables have been properly identified and recorded. activities, and allocations have been made on a reasonable basis.  properly disclosed. applicable, depreciated.  available and have determined that net position is properly recognized under the policy.  purposes.    43) We acknowledge our responsibility for the required supplementary information (RSI). The RSI is measured and presented within prescribed guidelines and the methods of measurement and presentation have not changed from those used in the prior period. We have disclosed to you any significant assumptions and  interpretations underlying the measurement and presentation of the RSI.  Signature: Title:  Signature: Title:    Mayberry & Company, LLC Certified Public Accountants Member ofthe American! Institute of Certified) Public Accountants Governmental. Audit Quality Center and Private Company Practice Section  To Board of Selectmen and Management of Town of Georgetown  In planning and performing our audit of the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Georgetown as of and for the year ended December 31, 2023, in accordance with auditing standards generally accepted in the United States of America, we considered the Town's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control. Accordingly, we do not express an opinion on the effectiveness of the Town's internal Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as discussed below, we identified certain deficiencies in internal control that we consider to be Ad deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. We did noti identify any deficiencies in internal A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than ar material weakness, yet important enough to merit attention by those charged with governance. We consider the Due to the size of the Town's finance staff it is not possible to have full review of the accounting function on a day to day basis. This may lead to inaccurate accounting or reporting. Due to this lack of staffing, the board and administrator function as the secondary reviewers and therefore need to insure that they understand the accounting process adequately in order to serve in that Recognizing that the finance staff, management, and board have limited experience in the preparation of financial statements, they are still required to understand the financial reporting requirements sufficiently to take responsibility for the information contained in the basic financial statements. Lack of sufficient knowledge in this area can lead to inaccurate reporting. This communication is intended solely for the information and use of management, the Board of Selectmen, and others within Town of Georgetown, and is noti intended to be and should not be used by anyone other than these  control.  significant deficiencies.  control that we consider to be material weaknesses  following deficiencies in internal control to be significant deficiencies:  capacity.  specified parties.  Mker tlorv"y. LLL Englewood, Colorado August 28, 2024  8310 South Valley Highway- Suite 300 Englewood, Colorado 80112  Voice (303) 993 2199 Fax (720)6 633- 9763    Mayberry & Company, LLC Certified Public. Accountants Member ofthe American Institute of Certified Public Accountants Governmental. Audit Quality Center andl Private Company Practice Section  August 28, 2024  To the Board of Selectmen Town of Georgetown  We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Georgetown for the year ended December 31, 2023 Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards (and, if applicable, Government Auditing Standards and the Uniform Guidance), as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated January 16, 2024 Professional standards also require that we  communicate to you the following information related to our audit.  Significant Audit Findings  Qualitative Aspects of Accounting Practices  Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the Town of Georgetown are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2023. We noted no transactions entered into by the Town of Georgetown during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting Management's estimate of the FPPA Statewide Defined Benefit Pension Plan net pension liability is based on the GASB 67 and 68 reports provided by the plans. We evaluated the key factors and assumptions used to develop the net pension liability in determining that it is reasonable in relation to the financial statements taken as a Management's estimate of the allowance for depreciation is based on estimated remaining useful lives of the underlying capital assets. We evaluated the key factors and assumptions used to develop the depreciation allowance in determining that it is  the Town's financial statements were:  whole.  reasonable in relation to the financial statements taken as a whole.  Difficulties Encountered in Performing the Audit  We encountered no significant difficulties in dealing with management in performing and  completing our audit.  8310 South' Valley Highway Suite 300 Englewood, Colorado 80112  Voice (303)993-2199 Fax (720)633-9763    Corrected and Uncorrected Misstatements  Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. We made net adjustments of $(16,798) in the General Fund, primarily related to changes in annual accruals. We posted $(153,672) in the Water Fund with the majority capital related (depreciation charges less capitalized assets). We posted $(191,298) in the Sewer Fund, also primarily related to depreciation expense less capitalized assets. There were either no entries or entries were For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor's report. We are pleased to report that no such disagreements We have requested certain representations from management that are included in the Ins some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the Town of Georgetown's financial statements or ad determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Town of Georgetown's auditors. However, these discussions occurred in the normal course of our professional relationship We applied certain limited procedures to Management's Discussion and Analysis, and Pension Schedules which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with managements responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion We were engaged to report on the Budgetary Comparison Schedules, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements  immaterial in the Town's remaining funds. Disagreements with Management  arose during the course of our audit. Management Representations  management representation letter dated August 28, 2024. Management Consultations with Other Independent Accountants  other accountants. Other Audit Findings or Issues  and our responses were not a condition to our retention.  Other Matters  or provide any assurance on the RSI.  themselves.    We were not engaged to report on Local Highway Finance Report, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an This information is intended solely for the information and use of the Board of Trustees and management of the Town of Georgetown and is not intended to be, and should not be, used by  opinion or provide any assurance on it.  Restriction on Use  anyone other than these specified parties. Maken Hlovy. LLL Englewood, Colorado  Respectfully,    TOWN OF GEORGETOWN GEORGETOWN, COLORADO FINANCIAL STATEMENTS INDEPENDENT AUDITORS' REPORT FOR THE YEAR ENDED DECEMBER 31, 2023  WITH    TABLE OF CONTENTS  PAGE  Introductory Section Title Page Table of Contents Financial Section Independent Auditors' Report Basic Financial Statements: Statement of Net Position Statement of Activities  1-3  4 5 6 7 8 9 10 11 12 13-36  Balance Sheet - Governmental Funds  Reconciliation of Governmental Fund Balance to Governmental Activities Net Position Statement of Revenues, Expenditures and Change in Fund Balance - Governmental Funds Reconciliation of Governmental Funds Change in Fund Balance to Governmental  Activities Change in Net Position Statement of Net Position - Proprietary Fund  Statement of Revenues, Expenses, and Changes in Fund Net Position -  Proprietary Funds  Statement of Cash Flows - Proprietary Funds Notes to the Financial Statements  Pension Schedules = Required Supplementary Information (Unaudited) Schedule of the Town's Proportionate Share of the Net Pension Asset (Liability)  37 38 39-40  Schedule of Town's Contributions Required Supplementary Information  Budgetary Comparison Schedule for the General Fund    TABLE OF CONTENTS  PAGE 41 42 43 44 46 47 48  Other Supplementaryinformation  Combining Balance Sheet - Nonmajor Governmental Funds  Combining Schedule of Revenues, Expenditures and Changes in Fund Balance Budgetary Comparison Schedule for the Conservation Trust Fund Budgetary Comparison Schedule for the Town Promotion Fund Budgetary Comparison Schedule for the Sales Tax Fund  Nonmajor Governmental Funds  Budgetary comparison Schedule for the Town Workforce and Tourism Enhancement Fund 45  Schedule of Revenues, Expenses and Changes in Net Position Budget and Actual - Schedule of Revenues, Expenses and Changes in Net Position Budget and Actual -  Water Fund Wastewater Fund State Compliance  Local Highway Finance Report  49-50    INTENTIONALLY LEFT BLANK    FINANCIAL SECTION    Mayberry & Company, LLC Certified Public. Accountants Member oft the American! Institute of Certified Public Accountants Governmental, Audit Quality Center andl Private Company Practice Section  Town of Georgetown Georgetown, Colorado  Independent Auditors' Report  Opinion  We have audited the accompanying financial statements of the governmental activities, the business type activities, each major fund, and the aggregate remaining fund information of the Town of Georgetown, as of and for the year ended December 31, 2023, and the related notes to the financial statements which collectively comprise the Town of Georgetown's basic financial Ino our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business type activities, each major fund, and the aggregate remaining fund information of the Town of Georgetown as of December 31, 2023, and the respective changes in financial position and, where applicable, cash flows, thereof, for the year then ended in accordance with accounting principles generally accepted We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of Financial Statements section of our report. We are required to be independent of the Town of Georgetown and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Management is responsible for the preparation and fair presentation of these financial statements ina accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due Inp preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Town of Georgetown' ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists.  statements as listed in the table of contents.  int the United States of America. Basis for Opinion  Responsibilities of Management for the Financial Statements  to fraud or error.  thereafter.  Auditors' ResponsiDility for the Audit of the Financial Statements  8310: South Valley Iliglway Sute: 300 Fneleunod Calorade 80119  Voice (303) 993-2199 Fax (720) 633-9763    Town of Georgetown Page 2  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, msrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in theaggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards, we:  Exercise professional judgment and maintain professional skepticism throughout the Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on test basis, evidence regarding Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Town of Georgetown' internal Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt Town of Georgetown' ability to continue as a  audit.  the amounts and disclosures in the financial statements.  control. Accordingly, no such opinion is expressed. overall presentation of the financial statements. going concern for a reasonable period of time.  We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal We have previously audited the Town of Georgetown's 2022 financial statements, and we expressed an unmodified audit opinion on those audited financial statements in our report dated July 20, 2023. In our opinion, the summarized comparative information presented herein as of and for the year ended June 30, 2022 is consistent, in all material respects, with the audited financial Accounting principles generally accepted in the United States of America require that budgetary comparison information and historical pension information listed in the tables of contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with  control-related matters that we identified during the audit. Report on Summarized Comparative Information  statements from which it has been derived. Required Supplementary Information  sufficient evidence to express an opinion or provide any assurance.    Town of Georgetown Page 3  Management has not presented the management's discussion and analysis that governmental accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion is not affected by this Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town's basic financial statements. The combining and individual fund financial statements and schedules and State Compliance information as listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic The combining and individual fund financial statements and schedules and State Compliance have been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules and State Compliance are fairly stated, in all  missing information.  Supplementary and Other. Information  financial statements.  material respects, in relation to the basic financial statements taken as a whole.  Moyber, tloryy. LLL Englewood, Colorado August 28, 2024    BASIC FINANCIAL STATEMENTS    INTENTIONALLY LEFT BLANK    TOWN OF GEORGETOWN, COLORADO STATEMENTOENETI POSITION DECEMBER: 31, 2023  BUSINESS TYPE  GOVERNMENTAL  ACTIVITIES ACTIVITIES TOTAL  ASSETS AND DEFERRED OUTFLOWS ASSETS Current Assets Cash and Investments Cash Receivables Property Tax Receivable Intergovernmental Receivables Utility Receivable Accounts Receivable Other Receivables Inventory Total Current Assets Noncurrent Assets Capital Assets not being Depreciated Capital Assets being Depreciated Accumulated Depreciation Total Noncurrent Assets TOTAL ASSETS Net Deferred Outflow Pension LIABILITIES Current Liabilities Accounts Payable Accrued Liabilities Accrued Interest Payable Unearned Revenue Total Current Liabilities Noncurrent Liabilities Due within one year Due in more than one year Total Noncurrent Liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF FINANCIAL RESOURCES Deferred Property Taxes Net Deferred Inflows Pension TOTAL DEFERRED INFLOWS NET POSITION Net Investment in Capital Assets Restricted Net Position Unrestricted Net Position TOTAL NET POSITION  $  3,145,896 $ 4,263,630 $ 7,409,526  287,698 313,607 22,020 (19) 3,769,202 1,190,194  287,698 313,607 161,191 22,020 (19) 7,610 8,201,633 7,500 1,197,694  161,191 7,610 4,432,431  7,642,535 18,846,285 26,488,820 (3,037,536) (7,184,570) (10,222,106) 5,795,193 11,669,215 17,464,408 9,564,395 16,101,646 25,666,041 9,793,028 16,101,646 25,894,674 97,418 $ 21,132 $ 118,550  DEFERRED OUTFLOWS OF FINANCIAL RESOURCES TOTAL ASSETS AND DEFERRED OUTFLOWS LIABILITIES, DEFERRED INFLOWS AND NET POSITION  228,633  228,633  $  27,539 279,501 404,458 10,413 183,176 598,047 287,698 72,283 359,981 5,690,217 653,785 2,490,998  27,539 36,500 279,501 462,090 378,273 3,011,846 3,852,209 287,698 72,283 359,981 1,126,299 6,382,365  36,500 57,632 367,860 2,828,670 3,254,162  193,589 3,196,530 3,390,119  8,483,603 14,173,820 472,514 3,891,367  8,835,000 12,847,484 21,682,484 9,793,028 16,101,646 25,894,674  TOTAL LIABILITIES, DEFERRED INFLOWS AND NET POSITION The accompanying notes are an integral part of these financial statements.    TOWN OF GEORGETOWN STATEMENT OFACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2023  PROGRAM REVENUES OPERATING CHARGES FOR GRANTS AND CAPITAL EXPENSES SERVICES CONTRIBUTIONS, GRANTS 627,665 $ 171,665 $ 275,747 $  FUNCTIONS/PROGRANS Government Activities Current: General Government Public Safety Public Works Culture and Recreation TOTAL GOVERNMENT ACTIVITIES Business- type Activities Current: Water Wastewater TOTAL BUSINESS-TYPE. ACTIVITIES TOTAL GOVERNMENT GENERAL REVENUES Property Taxes Specific Ownership Taxes Sales and Use Taxes Franchise Taxes Delinquent Tax Other Taxes Interest Income Gain (Loss) on Disposal of Capital Assets Other Revenues TOTAL GENERAL REVENUES CHANGE IN NET POSITION NET POSITION- Beginning NET POSITION Ending  700,028 1,004,454 447,770 2,779,917 262,065 783,866 1,174,836 922,298 968,280 1,706,164 2,143,116  37,762 52,638  368,933 129,088 8,521 653,201 129,088 1,324 7,485 6,400 1,324 13,885  $4,486,081 $2,405,181 $ 654,525 $142,973  The accompanying notes are ani integral part oft the financial statements.    NET (EXPENSE) REVENUE AND CHANGES IN NETF POSITION GOVERNMENT BUSINESS- ACTIVITIES TYPE ACTIVITES TOTAL (180,253) $ (662,266) (453,795) (439,249) (1,735,563)  (180,253) (662,266) (453,795) (439,249) (1,735,563) 399,779 52,382 452,161 265,759 28,564 1,767,443 84,575 1,526 124,969 293,448 17,750 17,141  399,779 52,382 452,161 452,161 (1,283,402)  (1,735,563) 265,759 28,564 1,767,443 84,575 1,526 124,969 117,567 17,750 17,141 2,425,294 689,731  175,881 175,881 2,601,175 628,042 1,317,773  8,145,269 12,219,442 20,364,711 $8,835,000 $ 12,847,484 21,682,484    TOWN OF GEORGETOWN, COLORADO BALANCESHEEI SOVERMHENTALFUNDS DECEMBER: 31, 2023 With Comparative Totals for December 31, 2022  General Sales Tax Other  Total 2023 2022  Fund  Fund  Funds  ASSETS AND DEFERRED OUTFLOWS ASSETS Current Assets Cash and Investments Cash Receivables Property Tax Receivable Intergovernmental. Receivables Accounts Receivable Other Receivables Prepaid Expenses TOTAL ASSETS AND DEFERRED OUTFLOWS LIABILITIES, DEFERRED: INFLOWS AND FUND BALANCE LIABILITIES Current Liabilities Accounts Payable Accrued Liabilities Accrued Salaries and Benefits Unearned Revenue TOTAL LIABILITIES DEFERRED INFLOWS OF FINANCIAL RESOURCES Deferred Property Taxes FUND BALANCE Nonspendable Fund Balance Restricted Fund Balance Committed Fund Balance Unassigned Fund Balance TOTAL FUND BALANCE  2,493,187 $ 512,614 $ 140,095 $ 3,145,896 $ 2,999,824  287,698 260,569 13,791 (19) 3,055,226 27,539 279,501 377,866 287,698 86,000 2,303,662 2,389,662  287,698 313,607 22,020 (19)  265,300 352,570 24,010 13,104  53,038  8,229  565,652 148,324 3,769,202 3,654,808  70,826 $ 26,058 $ 534 $ 97,418 $ 167,452  27,539 279,501 404,458 287,698 653,785 119,599 2,303,662 2,169,939  4,121 27,288 279,501 478,362 265,300 13,104 728,103  26,058 539,594  534 28,191 119,599  539,594 147,790 3,077,046 2,911,146 565,652 148,324 3,769,202 3,654,808  TOTAL LIABILITIES, DEFERRED! INFLOWS AND FUND BALANCE 3,055,226 The accompanying notes are ani integral part oft these financial statements.    TOWN OF GEORGETOWN, COLORADO RECONCILIATION OF GOVERNMENTAL FUND BALANCE TOGOVERNMENTAL ACTIVITIES NET POSITION Fund Balance Governmental Funds Capital assets used in governmental activities are not financial resources and are therefore not reported in the funds Capital assets, not being depreciated Capital assets, being depreciated Accumulated depreciation FPPA Pension Net pension deferred outflows Net pension liability Net pension deferred Inflows therefore, are not reported int the funds. Capital leases payable Accrued compensated absences Total Net Position - Governmental Activities  DECEMBER 31, 2023  3,077,046  1,190,194 7,642,535 (3,037,536)  5,795,193  Certain long-term pension related costs and adjustments are not available to pay ora are payable currently and are therefore not reported in the funds  228,633 (19,737) (72,283) (104,976) (68,876)  136,613 (173,852) 8,835,000  Long-term liabilities are not due and payable in the current year and,  The accompanying notes are an integral part of these financial statements.  7    TOWN OF GEORGETOWN, COLORADO GOVIRMHENTALFUNDS FOR THE YEAR ENDED DECEMBER 31, 2023  STATEMENTOEREVENUES.EXPENDITURES AND CHANGES IN FUND BALANCE With Comparative Totals for the Year Ended December. 31, 2022  General Sales Tax Other Fund 640,597 129,088 117,522 37,582 50,000 19,555 117,087 44,887 2,842,136 479,436 541,625 695,378 443,260 188,358 827,831 483,382 2,696,452 497,393 (19,065) (19,065) 126,619 (17,957) 2,263,043 557,551 2,389,662 539,594  Total 2023 2022 778,206 584,536 136,657 202,840 37,582 27,075 50,000 50,000 37,829 35,549 117,568 31,844 48,970 52,509 3,156,830 541,625 387,345 695,378 571,207 514,987 460,170 188,358 145,891 712,497 14,011 44,369 2,321,479 165,900 835,351 19,065 23,450 (19,065) (23,450) 165,900 835,351 2,075,795 2,911,146  Fund  Funds 8,521 19,135 18,274 74 4,083 158,076 3,479,648  REVENUES Taxes Intergovernmental. Revenues Licenses and Permits Fines and Forfeits Internal Charges Charges for Services Investment Earnings Other Revenues TOTAL REVENUES EXPENDITURES Current: General Government Public Safety Public Works Parks, Recreation and Other Capital Outlay Debt Service TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers In Transfers (Out) TOTAL OTHER FINANCING SOURCES (USES) NET CHANGE. IN FUND BALANCE GAAP BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING  $1,814,906 $ 349,941 $ 107,989 $ 2,272,836 $ 2,172,477  407  71,727 48,176 1,359,389 119,903 3,313,748 38,173 19,065 19,065 57,238 90,552 2,911,146 147,790 3,077,046  14,011  REVENUES IN EXCESS (DEFICIENCY) OF EXPENDITURE 145,684 (17,957)  The accompanying notes are ani integral part oft these financial statements.  8    TOWN OF GEORGETOWN, COLORADO RECONCILIATIONOF GOVEENHENTALFVNDS CHANGE IN FUND BALANCE TOG GOVERNMENTAL AGTIVITIES CHANGE IN-NET POSITION FOR THE YEAR ENDED DECEMBER 31, 2023 Change in Fund Balance Governmental Funds in the funds and depreciated at the activity level Capitalized Asset Purchases Depreciation Expense Gain (Loss) on Asset Disposals cost of the benefits for the fiscal year. FPPA Pension Change in deferred pension outflows Change in net pension liability Change in deferred pension inflows  $ 165,900  Capital assets used in governmental activities are expensed when purchasec  745,169 (210,207) (10,000)  524,962  Pension expense at the fund level represents cash contributions to the defined benefit plan. For the activity level presentation, the amount represents the actuarial  155,315 (146,139) 5,541  14,717  Repayments of long-term liabilities are expensed in the fund and reduce outstanding liabilities at the activity level. In addition, proceeds from long term debt issuances are reported as revenues in the funds and increase  liabilities at the activity leve Principal payments on capital leases Change in accrued compensated absences Change in Net Position - Governmental Activities  10,062 (25,910)  (15,848) $ 689,731  The accompanying notes are an integral part of these financial statements.  9    TOWN OF GEORGETOWN, COLORADO STATEMENT OENETPOSITION PROPRIETARYFUNDS DECEMBER 31, 2023  With Comparative Totals for December 31, 2022  Business-type. Activities Water Wastewater Fund  Total 2023 2022  Fund  ASSETS AND DEFERRED OUTFLOWS ASSETS Current. Assets Cash and Investments Cash Receivables Utility Receivable Inventory Total Current Assets Noncurrent Assets Capital Assets not being depreciated Capital Assets being depreciated Accumulated Depreciation Total Noncurrent. Assets TOTAL ASSETS AND DEFERRED OUTFLOWS LIABILITIES, DEFERRED INFLOWS. AND NET POSITION LIABILITIES Current Liabilities Accounts Payable Accrued Salaries and Benefits Accrued Interest Payable Total Current Liabilities Noncurrent Liabilities Due within one year Due in more than one year Total Noncurrent Liabilities TOTAL LIABILITIES NET POSITION Net Investment in Capital Assets Restricted Net Position Unrestricted Net Position TOTAL NET POSITION  3,050,226 $ 1,213,404 $ 4,263,630 $ 3,706,541  87,577 7,610 3,145,413 1,287,018  73,614 7,500  161,191 7,610 4,432,431 7,500  139,096 20,416 3,866,053 25,044  10,000,369 8,845,916 18,846,285 18,675,598 (3,408,499) (3,776,071) (7,184,570) (6,687,849) 6,591,870 5,077,345 11,669,215 12,012,793 9,737,283 $6,364,363 16,101,646 15,878,846 $ 10,489 $ 10,643 $ 21,132 $ 47,291  15,349 38,227 100,867 363,952 3,558,537 3,659,404 8,462,640 410,479 3,346,323  30,102 40,591 125,665 1,501,607 1,327,063 2,828,670 3,194,585 1,627,272 1,569,258 3,196,530 1,667,863 1,586,299 4,970,057 3,513,546 218,242 2,881,121 1,010,246  6,398 17,041 242,195  36,500 57,632 367,860 3,254,162 8,483,603 472,514 3,891,367  254,272  8,069,420 4,778,064 12,847,484 12,219,442 9,737,283 6,364,363 16,101,646 15,878,846  TOTAL LIABILITIES, DEFERRED INFLOWS AND NET POSITION The accompanying notes are ani integral part oft these financial statements.  10    TOWN OF GEORGETOWN, COLORADO PROPRIETARYI FUNDS FOR THE YEAR ENDED DECEMBER 31, 2023  STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NETPOSITION With Comparative Totals for the Year Ended December 31, 2022  Business-type Activities Water Fund 21,043 1,174,836 18,960 65,453 362,596 221,357 69,624 737,990 436,846 1,324 59,996 (45,876) 15,444 452,290 7,485 7,485 459,775 7,609,645  Wastewater Fund 137,976 18,960 49,993 536,795 289,840 11,189 61,503 115,885 (15,521) 100,364 161,867 6,400 6,400 168,267  Total 2023 159,019 37,920 115,446 899,391 511,197 80,813 498,349 1,324 175,881 (61,397) 115,808 614,157 13,885 13,885 628,042  2022 146,223 37,920 75,369 825,488 584,716 65,679 453,420 1,348 47,555 (59,283) (10,380) 443,040 68,037 127,000 195,037 638,077  Operating Revenues Utility Charges Other Charges for Services Total Revenues Operating Expenses Management Fees Collection, Transmission and Distribution Operations Depreciation Expense Enterprise and Other Capital Outlay Total Expenditures Operating Income (Loss) Other Income (Expense) Intergovernmental Revenue Investment Earnings Interest Expense Total Other Income (Expense) Net Income (Loss) Contributed Capital Plant Investment Fees Dedicated Infastructure Total Contributed Capital Change in Net Position Net Position, Beginning Net Position, Ending  1,153,793 $ 830,304 $ 1,984,097 $ 1,896,369  968,280 2,143,116 2,042,592  906,777 1,644,767 1,589,172  4,609,797 12,219,442 11,581,365  8,069,420 $ 4,778,064 $12,847,484 $12,219,442  The accompanying notes are an integral part of these financial statements.    TOWN OF GEORGETOWN TAIHINTOEANETON3: PROPRIETAR/FUNDS FOR THE VEAR ENDED DECEMBER: 31, 2023 With Comparative Totals for the Year Ended December 31, 2022  Business-type Activities Water Wastewater Fund (298,112) (18,960) (199,482) 644,708 7,485 (124,028) 1,324 (46,666) (8,084) (62,129) (232,098) 59,996 472,606 2,577,620  Total 2023 2022  Fund (18,960) 316,574 6,400 (16,457) (6,392)  Cash Flows From Operating Activities: Cash Received from Customers Cash Paid to Suppliers Cash Paid for Interfund Services Cash Paid to Employees Net Cash Provided by Operating Activities Cash Flows From Capital and Related Financing Activities: Tap Fees Received Debt Principal Payments Grant Proceeds Interest Payments Proceeds of Capital Asset Sales Acquisition of Capital Assets Net Cash Flows Provided (Used) by Capital and Related Financing Activities Cash Flows (Uses) From Noncapital Financing Activities: Cash (to) from Other Funds Cash Flows Provided by Investing Activities: Interest Received Net Increase (Decrease) in Cash Cash- Beginning Cash Ending Cash Reconciliation of Operating Income (Loss) to Net Cash Used for Operating Activities: Operating Income (Loss) Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by Operating Activities: Depreciation Expense Changes in Assets and Liabilities Related to Operations: (Increase) Decrease in: Utility Receivable Inventory (Increase) Decrease in: Accounts Payable Accrued Salaries and Benefits Accrued Compensated. Absences Total Adjustments Net Cash Provided (Used) by Operating Activities The accompanying notes are ani integral part of thesef financial statements.  1,161,262 $ 959,758 $ 2,121,020 $ 2,053,620  (424,763) (722,875) (609,397) (199,461) (398,943) (332,945) (240,514) (364,542) (417,339) (91,013) (153,142) (17,546) (347,976) (580,074) (423,815)  (37,920) (18,960) 961,282 1,092,318 13,885 1,324 (63,123) (58,315) (14,476)  68,037 1,348  (2,202) 47,555  115,885 84,483  175,881 557,089 713,856  1,128,921 3,706,541 2,992,685  3,050,226 1,213,404 4,263,630 $.3,706,541 3,050,226 $ 1,213,404 $ 4,263,630 $ 3,706,541 436,846 $ 61,503 $ 498,349 $ 453,420  221,357 (13,574) 12,806 (6,308) (7,685) 1,266 207,862 644,708  289,840 (8,522) (19,849) (7,664) 1,266 255,071 316,574  511,197 584,716 (22,096) 12,806 (26,157) (15,349) 2,532 462,933 638,898 961,282 $1,092,318  11,028 (3,247) 38,212 7,021 1,168  12    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARY! OF SIGNIFICANTI ACCOUNTING POLICIES  The accounting policies' of the. Town of Georgetown, Colorado (the "Town") conform to generally accepted accounting principles as applicable to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles.  Following is a summary of the more significant policies.  REPORTING ENTITY  In determining how to define the reporting entity, management has considered all potential component units. The decision to include a component unit in the reporting entity was made by applying the criteria set forth in Section 2100 and 2600 of the Government Accounting Standards Board Codification. These criteria state that the financial reporting entity consist of (a) the primary government, (b) other organizations for which the primary government is financially accountable, and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete. Based upon these criteria, there are no additional agencies or entities which should be included in the financial statements of the Town. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS  The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the activities of the Town. For the most part, the effect of inter-fund activity has been removed from these statements. Governmental Activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, The statement of activities demonstrates the degree to which the direct expenses of the given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment 2) grants and contributions that are restricted to meeting the operational or Taxes and other items not properly included among program revenues are reported Separate financial statements are provided for governmental funds, and proprietary funds. Major individual funds are reported as separate columns in the fund financial  which rely to a significant extent on fees and charges for support.  revenues include:  and  capital requirements of a particular function or segment.  instead as general revenues.  statements.  13    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)  MEASURMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and pension trust fund financial statements. Revenues are recorded when earned and expenses are recorded when the liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collected within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days of the end of Property taxes, specific ownership taxes, sales and use taxes, franchise fees, state shared revenues, grants and interest associated with the current fiscal period are all considered to be susceptible to accrual and sO have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the fund's principal ongoing operations. Operating expenses include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting In the fund financial statements, the Town reports the following major governmental The General Fund is the Town's primary operating fund. It accounts for all financial resources of the Town, except those required to be accounted for in another fund.  PRESENTATION  requirements imposed by the provider have been met.  the current fiscal period.  available only when cash is received by the Town.  compensated absences, are recorded only when payment is due.  this definition are reported as non-operating revenues and expenses.  funds: General Fund  Capital Project Fund: Sales Tax Fund  This fund accounts for an allocation of sales tax revenues approved by voters  to provide funding for capital improvement projects.  14    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARYOF SIGNIFICANTACCOUNTING POLICIES (Continued)  MEASURMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT  PRESENTATION (Continued) Proprietary Funds  The Town also reports the following major proprietary funds:  Water and Sewer Funds CASH AND INVESTMENTS  These funds account for the financial activities associated with the related services. For purposes of the statement of cash flows, cash equivalents are defined as all bank account balances and investments with maturities of three months or less. Property taxes are levied on November 1 and attach as an enforceable lien on property on January Taxes are payable in full on April 30 or in two installments on February 28 and June 15. The County Treasurer's office collects property taxes and remits to the Since property tax revenues are collected in arrears during the succeeding year, a receivable and corresponding unavailable revenue (deferred inflow) are recorded at December 31. As the tax is collected in the succeeding year, the unavailable revenue Based upon a review of the existing accounts receivable, no allowance for doubtful All inventories are valued at cost using the first-in/first-out (FIFO) method in proprietary funds. Inventories of governmental funds are recorded as expenditures Payments to vendors for services that will benefit periods beyond the year-end are  Investments are recorded at fair value.  PROPERTY TAXES  Town on a monthly basis.  isrecognized as revenue and the receivable is reduced.  ACCOUNTS RECEIVABLE accounts is warranted for any fund.  INVENTORY when purchased. PREPAID ITEMS recorded as prepaid items.  15    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)  CAPITAL ASSETS  Capital assets, which include property, plant, equipment, and infrastructure assets are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets are defined by the Town as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. The Town also capitalizes all acquisitions of land and buildings without a minimum. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair The costs of normal maintenance and repairs that do not add to the value of the asset Property and equipment of the Town is depreciated using the straight line method over  market value at the date of donation.  or materially extend assets lives are not capitalized. the following estimated useful lives. Infrastructure Buildings and Improvements Machinery and Equipment  15- 75 years 10-40 years 3-10 years  ACCUMULATED UNPAID LEAVE (COMPENSATED ABSENCES) maximum of 1 V2 times the annual PTO accrual rate.  Employees of the Town are allowed to accumulate unused paid time off ("PTO"). Upon termination of employment from the Town, an employee will be compensated for a These compensated absences are recognized as current salary costs when earned in the proprietary fund types and when due in the governmental fund types. A liability has been recorded in the government-wide financial statements for the accrued In the government-wide. financial statements, and proprietary fund type in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type statement of net position. Bond premiums and discounts are In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts are reported as other financing used. Issuance costs, whether or not withheld from the actual debt  compensated absences. LONG-TERM OBLIGATIONS  amortized over the life of the bonds using the straight-line method.  proceeds received, are reported as debt service expenditures.  16    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARYOF SIGNIFICANT ACCOUNTING POLICIES (Continued)  DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES  In addition to assets, the statement ofi financial position and balance sheets will sometimes report a separate section for deferred outflows or resources. This separate financial statement element, deferred outflow of resources, represents a consumption of net position and fund balance that applies to a future period(s) and sO will not be recognized as an outflow of resources expense/expenditure, until then. Ina addition to liabilities, the statement of financial position reports a separate section for deferred inflows of resources. This separate financial statement element represents an acquisition of net position that applies to a future period(s) and sO will not be recognized as an inflow of resources (revenue) until that time. The Town reports deferred inflows related to taxes levied in 2023 to be collected in 2024. In the government-wide and business type financial statements, net position are either shown as net investment in capital assets, with these assets essentially being nonexpendable; restricted when constraints placed on the net position are externally For the governmental fund presentation, fund balances that are classified as "nonspendable" include amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. The "not in spendable form" criterion includes items that are not expected to be converted Fund balances are reported as "restricted" when constraints placed on the use of resources are either (a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments; or (b) imposed by law through constitutional provisions or enabling legislation. Amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government's highest level of decision-making authority, the Town Selectmen, are reported as "committed" fund balance. Those committed amounts cannot be used for any other purpose unless the government removes or changes the specified use by taking the same type of action (for example, legislation, resolution, ordinance) it employed to previously commit those amounts. The Town Amounts that are constrained by the government's intent to be used for specific purposes, but are neither restricted nor committed, are reported as "assigned" fund balance. Intent should be expressed by (a) the governing body itself or (b) a body (a budget or finance committee, for example) or official to which the governing body has delegated the authority to assign amounts to be used for specific purposes. The Town All remaining fund balance in the General Fund or deficits in the other governmental  NET POSITION/FUND BALANCES  imposed; or unrestricted.  to cash, for example, inventories and prepaid amounts.  currently has no committed funds.  currently has no assigned fund balances. funds are presented as unassigned.  17    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)  NET POSITION/FUND EQUITY FLOW ASSUMPTIONS  Sometimes the government will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the government's policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance, if allowed under the terms of the restriction. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance.  Unassigned fund balance is applied last.  NOTE 2: STEWARDSHIP.COMPLIANCE AND ACCOUNTABILITY  BUDGETS AND BUDGETARY ACCOUNTING appropriations lapse at year end.  All funds must have budgets to be allowed expenditures. Budgets for all funds are adopted on a basis consistent with generally accepted accounting principles. All annual By August 25 the County Assessor forwards certification of assessed valuation to the Town. In October, the Town staff submits to the Board of Selectmen a proposed operating budget for the fiscal year commencing the following January 1. The The budget officer shall prepare and submit to the Town Selectmen a proposed budget by October 15. Upon receipt of the proposed budget, the Town Selectmen shall publish a notice showing the proposed budget is open for inspection by the public and the date  operating budget  the Town will consider adoption of such proposed budget. Public hearings are conducted to obtain taxpayer comments.  Prior to December 15, the budget is legally enacted through passage of a resolution. The Town Administration is authorized to transfer budgeted amounts between departments within any fund. However, any revisions that alter the total expenditures Budgets are legally adopted for all funds of the Town. Budgets for the General and Special Revenue Funds are adopted on a basis consistent with generally accepted accounting principles (GAAP). The Budgetary comparison presented for the Enterprise Fund is presented on a non-GAAP budgetary basis. Capital outlay and debt payments Budgeted amounts in the financial statements are as originally adopted or as amended by the Board of Selectmen. All appropriations lapse at year end. Colorado governments may not exceed budgeted appropriations at the fund level.  ofany fund must be approved by the Board of Selectmen.  are budgeted as expenditures and depreciation is not budgeted.  18    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 3: CASHA ANDINVESTMENTS    Asummary of deposits and investments as of December 31, 2023, is as follows:  Cash Deposits Investments Petty Cash  1,489,858 5,919,467 200 7,409,525  Total Cash and Investments  DEPOSITS  Custodial Credit Risk - Deposits  In the case of deposits, this is the risk that in the event of bank failure, the government's deposits may not be returned to it. The Town's deposit policy is in accordance with CRS 11-10.5-101, The Colorado Public Deposit Protection Act (PDPA), which governs the investment of public funds. PDPA requires that all units of local government deposit cash in eligible public depositories. Eligibility is determined by Amounts on deposit in excess of federal insurance levels ($250,000) must be collateralized by eligible collateral as determined by the PDPA. The financial institution is allowed to create a single collateral pool for all public funds held. The pool is to be maintained by another institution, or held in trust for all the uninsured public deposits as a group. The market value of the collateral must be at least equal to 102% of the uninsured deposits. The institution's internal records identify collateral by depositor and as such, these deposits are considered uninsured but collateralized. The State Regulatory Commissions for banks and financial services are required by statute to monitor the naming of eligible depositories and reporting of the uninsured deposits and assets maintained in the collateral pools. At December 31, 2023, all of the Town's deposits as shown below were either insured by federal depository insurance or collateralized under PDPA and are therefore not deemed to be exposed to custodial  state regulations.  credit risk.  Deposits at December 31, 2023 were as follows:  Balance 500,000 $ 1,008,550 1,508,550 $ 3,170,956  Balance 500,000 2,670,956  FDIC Insured PDPA Collateralized not in City's Name Total Cash Deposits  19    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 3: CASHAND: INVESTMENTS_(Continued)  INVESTMENTS (Continued) Credit_Risk which include:  Colorado statutes specify which instruments units of local government may invest,  Obligations of the United States and certain U.S. government agency securities General obligation and revenue bonds of the U.S. local government entities Written repurchase agreements collateralized by certain authorized securities  Certain international agency securities Bankers' acceptances of certain banks Commercial paper Local government investment pools Certain money market funds Guaranteed investment contracts  The Town does not have an investment policy that would further limit its investment The Town places no limit on the amount that may be invested in any one issuer. Colorado Statutes require that no investment may have a maturity in excess of five years from the date of purchase. The Town does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates, other than those contained in the statutes. The Town's investment portfolio contains no investments that exceed that For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the Town will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. As of December 31, 2023, the Town's custodial credit risk is related to the investments in Colotrust and  choices.  Concentration of Credit Risk Interest Rate Risk  limitation.  Custodial Credit Risk - Investments  CSAFE.  20    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023    NOTE 3: CASHANDINVESTMENTS_Continueg),  INVESTMENTS (Continued) Local Government Investment Pools  The Town had invested $140,497 in the Colorado Surplus Asset Fund Trust (CSAFE) an investment vehicle established for local government entities in Colorado pursuant to Title 24, Article 75, Part 7 of the Colorado Revised Statues, to pool surplus funds for investment purposes. The State Securities Commissioner administers and enforces the requirements of creating and operating the Pools. CSAFE reports its underlying investments at amortized cost and is considered a qualifying external investment pool under GASB Statement 79. CSAFE operates similar to money market funds where each share is equal in value to $1.00. The fair value of the position in the pools is the same CSAFE is rated AAAm by Standard and Poor's. The designated custodial bank provides safekeeping and depository services in connection with the direct investment and withdrawal functions. Substantially all securities are owned by the pools and held by the Federal Reserve Bank in the account maintained for the custodial bank. The custodian's internal records identify the investments owned by the pools. Investments oft the pools comply with state statues, consisting of U.S. Treasury bills, notes and note strips, repurchase agreements, U.S. Instrumentalities, Commercial Paper, Bank Deposits and Money Market Funds. CSAFE does not have any limitations or restrictions The Town had invested $5,778,970 in the Colorado Government Liquid Asset Trust (ColoTrust) which has a credit rating of AAAm by Standard and Poor's. ColoTrust is an investment vehicle established for local government entities in Colorado to pool surplus funds and is regulated by the State Securities Commissioner. It operates similarly to a money market fund and each share is equal in value to $1.00. Investments consist of U.S. Treasury and U.S. Agency securities, and repurchase agreements collateralized by U.S. Treasury and U.S. Agency securities. A designated custodial bank provides safekeeping and depository services in connection with the direct investment and withdrawal functions. Substantially all securities owned are held by the Federal Reserve Bank in the account maintained for the custodial bank. The custodian's internal records identify the investments owned by the entities. ColoTrust is not a 2a7-like external investment pool. The unit of account is each share held, and the value of the position would be the fair value of the pool's share price multiplied by the number of shares held. The government-nvestor does not "look through" the pool to report a pro rata share of the pool's investments, receivables, and  as the value of the pooled shares.  on participant withdrawals.  payables.  21    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 4: CAPITAL: ASSETS  A summary of the Town's governmental capital asset transactions for the year are as  follows:  Governmental Activities  Balance 1,068,744 $ 218,867 1,287,611 1,388,440 4,718,445 816,235 6,923,120 (345,556) (1,884,231) (116,719) (710,713)  Balance $ 1,068,744 121,450 1,190,194 1,540,896 5,204,000 897,639 7,642,535 (381,811) (2,000,950) (654,775)  12/31/2022 Additions Deletions 12/31/2023  Capital Assets Not Being Depreciated Land Construction in Progress Total Capital Assets Not Being Depreciated Capital Assets Being Depreciated Buildings and Improvements Infrastructure Machinery and Equipment Total Capital Assets Being Depreciated Accumulated Depreciation Buildings and Improvements Infrastructure Machinery and Equipment Total Accumulated Depreciation Net Govermental Capital Assets  388,138 485,555 388,138 485,555 152,456 485,555 204,575 123,171 842,586 123,171 (36,255) (57,233) (113,171)  (2,940,500) (210,207) (113,171) (3,037,536) 5,270,231 1,020,517 $_495,555 $5,795,193  Prior year financial statements were restated to include capitalized assets and related depreciation on prior year additions that were not included in the financial statement presentation. The Town has added $87,400 of Infrastructure that had previously been capitalized, an additional $70,053 of equipment and machinery purchased in 2021 but not capitalized and then recorded $59,259 of accumulated depreciation that had not been recorded. With those changes, the Town's governmental activity depreciation schedule matches the amounts reported in the financial statements. The restatements resulted in a net increase in capital assets and net position of $98,194. Depreciation has been allocated to the various governmental functions as follows:  General Government Public Safety Public Works Parks, Recreation and Other Total Depreciation  $ 1,200 13,357 159,394 36,256 210,207  22    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 4: CAPITAL ASSETS (Continued)  AS summary of the Town's business-type capital asset transactions for the year are as  follows:  Business-type Activities  Balance $  Balance $ 7,500 51,400 51,400 7,500 10,333,084 6,439,459 1,736,510 337,232  12/31/2022 Additions Deletions 12/31/2023  Capital Assets Not Being Depreciated Land Wastewater Construction in Progress Total Capital Assets Not Being Depreciated Capital Assets Being Depreciated Building and Improvements Collection and Distribution Dam Outlet Machinery and Equipment Total Capital Assets Being Depreciated Accumulated Depreciation Building and Improvements Collection and Distribution Dam Outlet Machinery and Equipment Total Accumulated Depreciation Net Business-type Capital Assets  7,500 $ 17,544 25,044 10,281,654 6,439,459 1,736,510 217,975 18,675,598  33,855 33,855 51,430 133,733 185,163  14,476 14,476 18,846,285  (3,200,131) (222,890) (3,160,613) (246,677) (115,767) (211,338)  (3,423,021) (3,407,290) (138,921) (215,338)  (23,154) (18,476) (14,476)  (6.687,849) (511,197) (14,476) (7,184.570) 12,012,793 $ (292,179) $ 51,400 $11,669,215  Depreciation has been allocated to the various business-type activities as follows:  Water Wastewater Total Depreciation  221,356 289,841 511,197  23    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 5: LONG-TERMDEBI  GOVERNMENTAL ACTIVITIES  Changes in governmental activities long-term debt are as follows:  Balance $ 115,038 $ 42,966 25,910 158,004 25,910 10,062  Balance Due within Accrued Interest  12/31/2022 Advances Payments 12/31/2023 One Year Interest Expense  GoxemmentalActhaties: 2012 Land Lease Accrued Leave Total Governmental-type Activities  10,062 $ 104,976 $ 10,413 $ 469 $ 4,933  68,876 173,852  10,413  469 4,933  Capital Leases  In 2012, the Town has entered into a capital lease agreement to for a parking lot which will be paid from revenues of the Sales Tax Capital Improvement Fund. Lots 1 and 18 were released to the Town in 2014. The lease requires quarterly payments of $3,503  and accrues interest at 3.6 %. The lease matures in August of 2032.  Payments to maturity are as follows:  Year 2024 2025 2026 2027 2028 2028-2032 Total  Principal $ 10,799 11,186 11,588 11,999 48,991 104,976  Interest 3,212 2,824 2,422 2,011 3,547 17,613 $1 122,589  Total 14,011 14,010 14,010 14,010 52,538  10,413 $ 3,597 $ 14,010  In2 2018, the Town has entered into a capital lease agreement for police vehicles which will be paid from revenues of the Sales Tax Capital Improvement Fund. The lease requires annual payments of $30,360 and accrues interest at 5.45%. The lease matured  inF February of 2022. BUSINESS-TYPE ACTIVITIES  Changes in business-type activities long-term debt are as follows:  Balance 502,500 $ 363,945 879,396 1,425,000 379,312 4,192 1,266 4,192 1,291  Balance Due within Accrued Interest  12/31/2022 Advances Payments 12/31/2023 One Year Interest Expense  Business-type. Activities 2009 CWRPDA Water 2011 CWRPDA- Water 2012 CWCB Water 2009 CWRPDA Wastewater 2020 Biosolids Loan Accrued Leave Water Accrued Leave Wastewater Total Business-type. Activities  67,000 $ 435,500 $ 67,000 $ 190,000 1,235,000 190,000  $  37,295 19,734 50,514  326,650 859,664 328,798 5,459 5,484  38,044 1,089 6,969 20,621 29,014 38,907 52,195 6,398 15,521  $3,558,537 5 2,557 $364,543 $3,196,555 $ 367,860 $36,501 $61,397  24    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 5: LONG-TERMII DEBT (Continued):  BUSINESS-TYPE ACTIVITIES (Continued).  1999 Colorado Water Conservancy Board (CWCB) - In July 1999, the Town entered into a loan agreement with the Colorado Water Conservancy Board. Proceeds were used to acquire water rights. Principal and interest payments in the amount of $12,714 are due annually on December 28, through 2027. Interest accrues at 5.25%. This loan was 2009 Colorado Water Resources and Power Development Authority (CWRPDA) Loan - Drinking Water In September 2009, the Town entered into a loan agreement with the Colorado Water Resources and Power Authority (the "Authority"). Proceeds of the loan/grant are used to improve the Town's water treatment facility and the West Water Tank. Under the terms of the agreement, the Town received a combination of loan and grant funds totaling $3,340,000. $2,000,000 of the proceeds were forgiven at loan closing and do not require repayment by the Town. The loan carries no interest. Semi- annual principal payments in the amount of $33,500 are due on November 1, and May 1, beginning in 2010 and ending in 2030. The loan has a rate covenant requirement that states that gross revenues must cover one year's estimated operating and maintenance expense plus 110% of the year's anticipated debt service payments. The Water Fund  repaid during the fiscal year.  appears to be in compliance with this covenant requirement.  Payments to maturity are as follows:  Vear 2024 2025 2026 2027 2028 2029-2032 Total  Principal 67,000 $ 67,000 67,000 67,000 67,000 100,500 435,500 $  Interest  Total 67,000 67,000 67,000 67,000 67,000 100,500 $435,500  2009 Colorado Water Resources and Power Development Authority (CWRPDA) Loan - Wastewater Facility - In September 2009, the Town entered into a loan agreement with the Colorado Water Resources and Power Authority (the "Authority"). Proceeds of the loan/grant are used to improve the Town's wastewater treatment facility. Under the terms of the agreement, the Town received a combination of loan and grant funds totaling $5,800,000. $2,000,000 of the proceeds were forgiven at loan closing and do not require repayment by the Town. At December 31, 2011, loan proceeds in the amount of $3,131,003 were drawn by the town. The loan carries no interest. Semi- annual principal payments in the amount of $95,000 are due on November 1, and May 1, beginning in 2010 and ending in 2030. The loan has a rate covenant requirement that states that gross revenues must cover one year's estimated operating and maintenance expense plus 110% of the year's anticipated debt service payments. The Sewer fund appears to be in compliance with this covenant requirement.  25    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 5: LONG-TERM DEBT (Continued)  BUSINESS-TYPE ACTIVITIES (Continued) Payments to maturity are as follows:  Year 2024 2025 2026 2027 2028 2029-2030 Total  Principal $ 190,000 $ 190,000 190,000 190,000 190,000 285,000 1,235,000 $  Interest  Total $ 190,000 190,000 190,000 190,000 190,000 285,000 1,235,000  2011 Colorado Water Resources and Power Development Authority (CWRPDA) Loan -Drinking Water Revolving Fund In May 2011, the Town entered into a loan agreement with the Colorado Water Resources and Power Authority (the "Authority"). Proceeds of the loan are used for the Town's water resource project. Under the terms of the agreement, the Town received a loan totaling $900,000. The loan carries interest at 2%. Semi-annual principal and interest payments in the amount of $22,194 are due on May 1 and November 1, beginning in 2012 and ending in 2031. The Town has pledged The loan has a rate covenant requirement that states that gross revenues must cover one year's estimated operating and maintenance expense plus 110% of the year's anticipated debt service payments. The Water Fund appears to be in compliance with  current Net Revenues to the repayment of this loan.  this covenant requirement. Payments to maturity are as follows:  Year 2024 2025 2026 2027 2028 2029-2032 Total  Principal 38,044 $ 38,809 39,589 40,385 41,197 128,626 326,650 $  Interest  Total 6,344 $ 44,388 5,579 44,388 4,799 44,388 4,003 44,388 3,191 44,388 7,731 136,357 31,647 $ 358,297  26    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 5: LONG-TERMDEBI (Continued)  BUSINESS-TYPE ACTIVITIES (Continued)  2012 Colorado Water Conservancy Board (CWCB) In March of 2012, the Town entered into a loan agreement with the Colorado Water Conservancy Board. Proceeds are used to fund the Town's dam project. In 2019, this project was deemed to be substantially completed and annual payments of principal and interest in the amount of $59,306 are scheduled to begin on April 1,2019. The final loan amount is $966,023.  Interest accrues at 4.50%. Payments to maturity are as follows:  Vear 2024 2025 2026 2027 2028 2029-2033 2034-2038 2039-2043 2044-2047 Total  Principal 21,549 22,518 23,532 24,591 140,582 175,191 218,320 212,760 859,664  Interest 37,757 36,787 35,774 34,715 155,946 121,337 78,208 24,462 563,671 1,423,335  Total 59,306 59,305 59,306 59,306 296,528 296,528 296,528 237,222  $ 20,621 $ 38,685 $ 59,306  Capital Leases  The Town has entered into a capital lease agreement to a biosolids dewatering unit which will be paid from revenues of the Sewer Fund. The lease semi-annual payments of $33,485 and accrues interest at 4.50%. The lease matures in July of 2029.  Payments to maturity are as follows:  Year 2024 2025 2026 2027 2025 2029 Total  Principal 54,571 57,054 59,650 62,365 42,963 328,798  Interest 12,400 9,917 7,320 4,606 2,925 51,943  Total 66,971 66,971 66,970 66,971 45,888 380,741  $ 52,195 $ 14,775 $ 66,970  27    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 5: LONG-TERM DEBT (Continued)  BUSINESS-TYPE ACTIVITIES (Continued) operating reserve requirement is as follows:  Coverage for the rate maintenance agreement and calculation of the three-month  Water Wastewater Total $1,153,793 $ 830,304 $ 1,984,097  Gross Charges for Services Operating Expenses Transmission and Distribution Wastewater Treatment Water Treatment Total Operating Expenses Net Operating Revenues Debt Service 2009 CWRPDA Wastewater Loan 2009 CWRPDA Water Plant 2011 CWRPDA Water Tank 2012 CWCB Dam Total Debt Service Debt Coverage Ratio 110% Excess (Shortfall) 2023 Operating Budget 31 Month Required o & M Reserve  65,453 516,633 582,086 571,707 67,000 37,295 1,973 106,268 116,895 454,812 218,242  49,993 616,938 666,931 163,373 190,000 190,000 209,000 (45,627) $ 409,185 254,272 $ 472,514  115,446 616,938 516,633 1,249,017 735,079 190,000 67,000 37,295 1,973 296,268 325,895  872,966 $1,017,089 $ 1,890,055  28    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 6: EMPLOYEE RETIREMENT: SYSTEMS AND PENSIONPLANS  STATEWIDE DEFINED BENEFIT PLAN (FPPA) Summary of Significant Accounting Policies  Pensions. The City participates in the Statewide Defined Benefit Plan (SWDB), a cost- sharing multiple-employer defined benefit pension fund administered by the Fire & Police Pension Association of Colorado ("FPPA"). The net pension asset or liability, deferred outflows of resources and deferred inflows of resources related to pensions, pension expense, information about the fiduciary net position and additions to/deductions from the fiduciary net position of the SWDB have been determined using the accrual basis of accounting as required by the accounting principles and reporting guidelines as set forth by the Governmental Accounting Standards Board. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.  General Information about the Pension Plan  Plan description. Eligible employees of the City are provided with pensions through the Statewide Defined Benefit Plan (SWDB) - a cost-sharing multiple-employer defined benefit pension plan administered by FPPA. Plan benefits are specified in Title 31, Articles 30, 30.5 and 31 of the Colorado Revised Statutes (C.R.S.), rules and regulations codified by the Fire and Police Pension Association, and applicable provisions of the federal Internal Revenue Code. Colorado State law provisions may be amended from time to time by the Colorado General Assembly. FPPA issues a publicly available comprehensive annual financial report, that can be obtained at ttO//MP.PACD.OrA. Benefits provided. A member is eligible for a normal retirement pension once the member has completed twenty-five years of credited service and has attained the age of 55. Effective January 1, 2021, a member may also qualify for a normal retirement pension if the member's combined years of service and age equals at least 80, with a The annual normal retirement benefit is 2 percent of the average of the member's highest three years' pensionable earnings - for each year of credited service up to ten years, plus 2.5 percent for each year of service thereafter. The benefit earned prior to January 1, 2007 for members of affiliated Social Security employers will be reduced by the amount of Social Security income payable to the member annually. Effective January 1, 2007, members covered under Statewide Defined Benefit Social Security Component will receive half the benefit when compared to the Statewide Defined Benefit Plan. Benefit adjustments paid to retired members are evaluated annually and may be re-  minimum age of 50 (Rule of 80).  determined every October 1.  29    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 6: PENSION PLANS (Continued)  STATEWIDE DEFINED BENEFIT PLAN (FPPA) (Continued) General Information about the Pension Plan (Continued)  The amount of any increase is based on the Board's discretion and can range from Oto the higher of 3 percent or the Consumer Price Index for Urban Wage Earners and Ar member is eligible for an early retirement after completion of 30 years of service or attainment of age 50 with at least five years of credited service. The early retirement benefit equals the normal retirement benefit reduced on an actuarially equivalent basis. Upon termination, an employee may elect to have member contributions, along with 5 percent as interest, retuned as a lump sum distribution. Alternatively, a member with at least five years of accredited service may leave contributions with the Plan and remain eligible for a retirement pension at age 55 equal to 2 percent of the member's average highest three years' pensionable earnings for each year of credited service up to ten Contributions. Contribution rates for employers and members may be increased equally by the FPPA Board of Directors upon approval through an election by both the employers In2 2014, the members elected to increase the member contribution rate to the SWDB plan beginning in 2015. Member contribution rates will increase 0.5 percent annually through 2022 to a total of 12 percent of pensionable earnings. Employer contributions will increase 0.5 percent annually beginning in 2021 through 2030 to a total of 13 percent of pensionable earnings. In 2022, members of the SWDB plan and their employers are contributing at the rate of 12.0 percent and 9.0 percent, respectively, of Contributions from members and employers of departments reentering the system are established by resolution and approved by the FPPA Board of Directors. The member and employer contribution rates will increase through 2030 as described above for non- reentering departments. Effective January 1, 2021, reentry departments may submit a resolution to the FPPA Board of Directors to reduce the additional 4 percent contribution, tor reflect the actual cost of reentry by department, to the plan for reentry contributions. Each reentry department is responsible to remit contributions to the plan in accordance The contribution rate for members and employers of affiliated social security employers is 6.0 percent and 4.25 percent, respectively, of pensionable earnings for a total contribution rate of 10.5 percent in 2021. Per the 2014 member election, members of the affiliate social security group had their required contribution rate increase 0.25 percent annually beginning in 2015 through 2022 to a total of 6 percent of pensionable earnings. Employer contributions will increase 0.25 percent annually beginning in 2021  Clerical Workers (CPI-W).  years; plus 2.5 percent for each year of service thereafter.  and members.  pensionable earnings for a total contribution rate of 21.0 percent.  with their most recent FPPA Board of Directors approved resolutions.  through 2030 to a total of 6.5 percent of pensionable earnings.  30    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 6: PENSION PLANS (Continued)  STATEWIDE DEFINED BENEFIT PLAN (FPPA) (Continued) General Information about the Pension Plan (Continued)  Employer contributions are recognized by FPPA in the period in which the compensation becomes payable to the member and the City is statutorily committed to pay the contributions to FPPA. Employer contributions recognized by the FPPA from the City were $17,411 for the plan year ended December 31, 2022 and $24,593 for the fiscal year ended December 31, 2023. The current year contributions will be expensed in 2024 for FPPA purposes, December 31, 2023 employer contributions for reporting as of December Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred At December 31, 2023, the City reported a liability of $19,737 for its proportionate share of the SWDB's net pension liability. The net pension asset or liability was measured as of December 31, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of January 1, 2023. The City's proportion of the net pension liability was based on City's contributions to the SWDB for the calendar year 2022 relative to the total contributions of participating employers to At December 31, 2023, the City's proportion was 0.02224%, which was a decrease of For the year ended December 31, 2023, the City recognized pension expense of $9,876. At December 31, 2023, the City reported deferred outflows of resources and deferred  31, 2024, and are a timing difference at year end. Inflows of Resources Related to Pensions  the SWDB.  0.00109% from its proportion measured as of December 31, 2022. inflows of resources related to pensions from the following sources:  Deferred Deferred Outflows Inflows 49,262 $ (2,611) 28,084 $ 39,907 $  Difference between expected and $ actual experience Changes of assumptions or other $ inputs Net difference between projected and actual earnings on pension $ plan investments Changes in proportion and differences between contributions recognized and proportionate share of contributions Plan Basis measurement date Total  21,655 $ (4,540)  Contributions subsequent to the $ 24,593 $  $ 163,501 $ (7,151)  31    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 6: PENSION PLANS (Continued).  STATEWIDE DEFINED BENEFIT PLAN (FPPA) (Continued) Deferred Inflows of Resources Related to Pensions (Continued) of the net pension asset in the year ended December 31, 2024.  Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and $24,593 reported as deferred outflows of resources related to pensions, resulting from contributions subsequent to the measurement date, will be recognized as an adjustment Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:  Vear Ended December 31:  Fiscal year Total $ 13,904 23,068 30,622 41,067 10,416 12,680 $ 131,757  2024 2025 2026 2027 2028 2029-2031 Total  Actuarial assumptions. The actuarial valuations for the Statewide Defined Benefit Plan were used to determine the total pension liability and actuarially determined contributions for the fiscal year ending December 31, 2022. The valuations used the  following actuarial assumption and other inputs:  Actuarial method Amortization method Amortization period Long-term investment rate of return,net of pension Salary increase, including wage inflation Cost of Living Adjustments (COLA) * Includes inflation at  Entry Age Normal Level % of Payroll, Open 30Years 7.00% 4.259-11.25% 0.00% 2.50%  For determining the total pension liability, the post-retirement mortality tables for non- disabled retirees uses the Pub-2010 Safety Healthy Annuitant Mortality Tables projected with the ultimate values of the MP-2020 projection scale. The pre-retirement off-duty mortality tables are adjusted to 60% of the MP-2020 mortality tables for active For determining the actuarially determined contributions, the post-retirement mortality tables for non-disabled retirees uses the 2006 central rates from the RP-2014 Annuitant Mortality Tables projected to 2018 using the MP-2017 projection scales, and the projected prospectively using the ultimate rates of the scale for all years. The pre- retirement off-duty mortality tables are adjusted to 50% of the RP-2014 mortality tables  employees. The on-duty mortality rate is 0.00015.  for active employees. The on-duty mortality rate is 0.00015.  32    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 6: PENSION PLANS (Continued)  STATEWIDE DEFINED BENEFIT PLAN (FPPA) (Continued) Deferred Inflows of Resources Related to Pensions (Continued)  Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and At least every five years the FPPA's Board of Directors, in accordance with best practices, reviews its economic and demographic actuarial assumptions. At its July 2022 meeting, the Board of Directors reviewed and approved recommended changes to the actuarial assumptions. The recommendations were made by the FPPA's actuaries, Gabriel, Roeder, Smith & Co., based upon their analysis of past experience and expectations of the future. The assumption changes were effective for actuarial valuations beginning January 1, 2023. The actuarial assumptions impact actuarial factors for benefit purposes such as purchases of service credit and other benefits where The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighing the expected future real rates of return by the target asset allocation percentage and by adding expected inflation (assumed at 2.5 percent). Best estimates of arithmetic real rates of return for each major asset class included in the Fund's target asset allocation as of December 31, 2022 are summarized  actuarial factors are used.  in the following table:  Target 35% 6% 34% 10% 5% 9% 1% 100%1  Allocation Long-Term Expected  Asset Class Global Equity Equity Long/Short Private Markets Fixed Income Rates Fixed Income Credit Absolute Return Cash Total  Real Rate of Return 8.93% 7.47% 10.31% 5.45% 6.90% 6.49% 3.92%  The discount rate used to measure the total pension liability was 7.00 percent. The projection of cash flows used to determine the discount rate assumed that contributions from participating employers will be made based on the actuarially determined rates based on the Board's funding policy, which establishes the contractually required rates under Colorado statutes. Based on those assumptions, the SWDB plan fiduciary net position was projected to be available to make all the projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine  the total pension liability.  33    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 6: PENSION PLANS (Continued)  STATEWIDE DEFINED BENEFIT PLAN (FPPA) (Continued) Deferred Inflows of Resources Related to Pensions (Continued)  Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Discount rate. Projected benefit payments are required to be discounted to their actuarial present values using a single discount rate that reflects (1) a long-term expected rate of return on pension plan investments (to the extent that the plan's fiduciary net position is projected to be sufficient to pay benefits) and (2) tax-exempt municipal bond rate based on an index of 20-year general obligation bonds with an average AA credit rating as of the measurement date (to the extent that the plan's For the purpose of this valuation, the expected rate of return on pension plan investments is 7.00 percent; the municipal bond rate is 4.05 percent (based on the weekly rate closest to but not later than the measurement date of the "state & local bonds" rate from Federal Reserve statistical release (H.15)); and the resulting Single Sensitivity of the proportionate share of the net pension asset (liability) to changes in the discount rate. Regarding the sensitivity of the net pension li ability/(asset) to changes in the Single Discount Rate, the following presents the plan's net pension liability, calculated using a Single Discount Rate of 7.00 percent, as well as what the plan's net pension liability/(asset) would be if it were calculated using a Single Discount  projected fiduciary net position is not sufficient to pay benefits).  Discount Rate is 7.00 percent.  Rate that is one percent lower or one percent higher.  Current Rate (7.00%)  1% Decrease Discount 1% Increase  (6.00%)  (8.00%) 76,619  Proportionate share oft the net $ (136,063) $ (19,737)! $  pension asset (liability)  Subsequent Event  Statewide Retirement Plan. During 2022, House Bill 22-1034 was signed into law. This legislation combines the assets and liabilities of the Statewide Defined Benefit Plan and Statewide Hybrid Plan to form the Statewide Retirement Plan effective January 1, 2023. The Statewide Retirement Plan became the Defined Benefit Component of the Statewide  Retirement Plan.  34    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023 NOTE 7: DEFINED CONTRIBUTION PLANS  Defined Contribution, Plan  The Town offers all employees except for police offers who are covered under FPPA a defined contribution pension plan, which is administered by the Colorado Retirement Association (CRA). Employee participation is mandatory and commences after one year of employment. Both the Town and employees contribute an amount equal to 3.00% of compensation. During the years ended December 31, 2023 and December 31, 2022, the Town contributions to the plan were $20,625 and $13,922, respectively equal to the required contribution. The Town offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan is available to all Town employees and permits them to defer a portion of their salary until future years. The Town does not match employee contributions. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable  emergency.  NOTE 8: FUND BALANCE/NET POSITION RESERVES/RESTRICTIONS  TAX SPENDING AND DEBT LIMITATIONS  On November 3, 1992, the voters of Colorado approved Amendment 1, commonly known as the TABOR Amendment, which adds a new Section 20 to Article X of the Colorado Constitution. TABOR contains tax, spending, revenue and debt limitations which apply to the State of Colorado, all local governments, and special districts. Colorado voters passed an amendment to the State Constitution, Article X, Section 20, which has several limitations, including revenue raising, spending abilities, and other specific requirements of state and local government. In November 1996, voters within the Town approved the collection, retention and expenditure of the all revenues generated by the Town in 1996 and subsequent years, notwithstanding the provisions of the Amendment. The Town believes it is in substantial compliance with the Amendment. The Town has established an emergency reserve, representing 3% of qualifying expenditures, as required by the Amendment. At December 31, 2023, the emergency reserve of $86,000 was recorded as a restriction of fund balance in the General Fund  Tabor Amendment  35    TOWN OF GEORGETOWN NOTES TO FINANCIAL STATEMENTS December 31, 2023  NOTE 9: COMMITMENTS AND CONTINGENCIES  Wastewater Service Agreement  During 2011 the Town entered into a wastewater service agreement with the Town of Silver Plume to process Silver Plume's wastewater through the Town's facility. This agreement was intended to replace and supersede the 1986 and 2005 agreements. Under the terms of the agreement, both Towns contribute annually determined amounts to an Operating and Maintenance Reserve, a Capital Reserve and an Emergency Reserve. These funds are held by the Town of Georgetown and require approval by a Joint Water Commission Board prior to expenditure. As of December 31, 2017, these reserves are not fully funded. During 2014, the Town contributed $36,440 to the Sewer Equipment Reserve and $36,440 to the Sewer Long Term Capital Reserve. During 2023, the Town of Silver Plume paid the Town of Georgetown $126,973 for wastewater  treatment services under the terms of the contract.  NOTE 10:RISK MANAGEMENT  The Town is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; injuries to employees; and natural disasters. Commercial insurance coverage is purchased to handle these risks of loss. Settled claims have not  exceeded coverage in the last three years.  36    REQUIRED SUPPLEMENTARY INFORMATION (Pension Scheduled Unaudited)    TOWN OF GEORGETOWN NET PENSION ASSET (LIABILITY) FPPA Pension Plan Last 10 Fiscal Vears  SCHEDULE OF THE TOWN'S PROPORTIONATE SHARE OF THE  Town's  Town's  proportionate Plan fiduciary share of the net net position as pension asset apercentage  Town's proportionate proportion of share of the pension asset (liability)  the net net pension Town's (liability) as a of the total  asset (liability)  covered proportion of payroll covered payroll liability  pension 97.63% 116.20% 106.72% 101.94% 95.23% 106.34% 98.21% 100.10% 106.83% 105.83%  FiscalYear  12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014  0.02223592% $ (19,737) $ 204,835 0.023324169 $ 126,402 $ 187,765 0.02523005% $ 54,775 $ 202,650 0.024169559 $ 13,669 $ 178,138 0.026673599 $ (33,723) $ 178,675 0.031318009 $ 45,059 $ 183,200 0.034350539 $ 12,412 $ 175,800 0.041816699 $ 47,193 $ 188,050 0.04248202% $ 37,986 $ 184,513  -9.64% 67.32% 27.03% 7.67% -18.87% 24.60% 7.06% 0.36% 25.10% 20.59%  0.027221539 $  480 $ 131,963  Note: All amounts are as of plan calculation dates which are one fiscal year prior to the date shown.  See the accompanying Independent Auditors' Report.  37    TOWN OF GEORGETOWN SCHEDULE OF TOWN CONTRIBUTIONS FPPA Pension Plan Last 10 Fiscal Years  Contributions asa covered payroll 8.50% 8.50% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%  Contractually required $ $ $ $ $ $ $ $ $ $  Contribution Town's percentage of deficiency covered  Actual  Fiscal Year  contributions contributions (excess) payroll  12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014  17,411 $ 17,411 $ 15,960 $ 15,960 $ 16,212 $ 16,212 $ 14,251 $ 14,251 $ 14,294 $ 14,294 $ 14,656 $ 14,656 $ 14,064 $ 14,064 $ 10,557 $ 10,557 $ 15,044 $ 15,044 $ 14,761 $ 14,761 $  $204,835 187,765 $202,650 178,138 $178,675 $183,200 $175,800 131,963 $188,050 184,513  Note: All amounts are as of plan calculation dates which are one fiscal year prior to the date shown.  See the accompanying Independent Auditors' Report.  38    INTENTIONALLY LEFT BLANK    REQUIRED SUPPLEMENTARY INFORMATION    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISON: SCHEDULE FOR THE YEAR ENDED DECEMBER 31, 2023  GeneralF Fund  With Comparative Totals for the Year Ended December 31, 2022  2023 Final Actual 28,564 84,575 16,980 1,526 2,621 52,482 316,451 116,451 5,248 262,654 237,654 1,141 640,597 356,462 3,629 52,638 2,750 180 15,965 42,360 117,522 37,582 (21,148) 50,000 15,059 4,496 117,087 27,750 17,137 44,887  Variance With Final Budget 5,564 15,475 876 526 621 1,347 (752) 1,141 629 2,638 2,000 80 (155) (340) 4,852  Original Budget Budget 23,000 69,100 16,104 1,000 2,000 51,135 200,000 6,000 25,000 284,135 3,000 50,000 750 100 16,120 42,700 112,670 58,730 50,000 16,428 5,000 20,012 10,000 10,000  2022 Actual 24,864 84,070 19,107 1,255 1,819,200 1,640 53,168 271,347 5,879 135,075 7,202 474,311 3,998 96,611 750 100 19,251 58,680 179,390 27,075 50,000 16,428 2,929 31,659 600 49,280 49,880 2,650,872  REVENUES Taxes Property Taxes Specific Ownership Taxes Sales and Use Taxes Franchise Taxes Other Taxes Delinquent Tax Total Tax Revenue Intergovernmental Revenues Cigarette Taxes Highway Users Roada and Bridge/County Sales Tax Clerk/Motor Vehicle Fees Severance Tax Other Intergovernmental Total Intergovernmental. Revenue Licenses and Permits Liquor Licenses Building Permits Marijuana Licenses Animal Licenses Business Licenses Other Licenses & Permits Total Licenses and Permits Fines and Forfeits Internal Charges Administrative/Management Fees Charges for Services Rents Other Charges for Services Investment Earnings Other Revenues Sale of Capital Assets Other Miscellaneous Revenue Total Other Revenue TOTAL REVENUES  $265,300 $ 265,300 $ 265,759 $ 459 $ 249,664 1,466,977 1,466,977 1,417,502 (49,475) 1,440,240 1,841,481 1,841,481 1,814,906 (26,575)  23,000 69,100 16,104 1,000 2,000 51,135 200,000 6,000 25,000 284,135 3,000 50,000 750 100 16,120 42,700 112,670 58,730 50,000 16,428 5,000 20,012 10,000 10,000  (1,369) (504) 97,075 27,750 7,137 34,887  2,398,456 2,398,456 2,842,136 443,680  See accompanying Independent Auditors' Report.  39    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISON SCHEDULE FOR THE VEAR ENDED DECEMBER 31, 2023  GeneralFund  With Comparative Totals for the Year Ended December 31, 2022  2023 Final Actual  Variance With Final Budget  Original Budget Budget 513,943 476,655 241,560 30,541 748,756 83,862 574,698 658,560 190,632 312,200 29,000 420,280 178,204 939,684 1,155,414  2022 Actual 387,346 329,764 217,859 23,584 571,207 102,564 298,936 401,500 145,891 14,435 23,296 178,236 127,011 342,978 1,848,922 801,950 (23,450) 778,500 1,484,543 2,263,043  (Continued) EXPENDITURES General Government Administration Public Safety Police Emergency Services Municipal Court Total Public Safety Public' Works Community Development Road & Bridge Total Public Works/Comm Devel Parks, Recreation and Other Parks Capital Outlay General Government Capital Outlay Public Safety Capital Outlay Public Works Capital Outlay Parks, Recreation and Other Capital Outlay Total Capital Outlay TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers (Out) NET CHANGE IN FUND BALANCE BUDGET BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING See accompanying Independent Auditors' Report.  513,943 476,655 241,560 30,541 748,756 83,862 574,698 658,560 190,632 347,200 29,000 579,740 199,474  541,625 (27,682) 428,722 240,860 25,796 695,378 80,384 362,876 211,822 443,260 215,300 188,358 48,471 298,729 6,010 632,372 (52,632) 140,978 827,831 327,583  47,933 700 4,745 53,378 3,478 2,274 22,990 58,496  3,051,575 3,267,305 2,696,452 570,853 $(653,119) $ (888,849) 126,619 $1,013,598  REVENUES IN EXCESS (DEFICIENCY) OF EXPENDITURES (653,119) (868,849) 145,684 1,014,533  (20,000) (19,065)  (935)  2,263,043 2,389,662    INTENTIONALLY LEFT BLANK    OTHER SUPPLEMENTARY INFORMATION    TOWN OF GEORGETOWN, COLORADO COMBININGHALANCESHE NONMAJOR GOVERNMENTAL FUNDS DECEMBER 31, 2023 With Comparative Totals for December 31, 2022  SPECIAL REVENUE FUNDS Conservation Town and Tourism Trust Promotion Enhancement  Workforce Fund  Total 2023 2022  Fund  Fund  ASSETS AND DEFERRED ASSETS Current Assets Cash and Investments Cash Accounts Receivable TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable FUND BALANCE Restricted Fund Balance Committed Fund Balance TOTAL FUND BALANCE  28,191 $ 65,088 $ 46,816 $ 140,095 $ 92,634 28,191 69,303 $ 50,830 $ 148,324 92,634  4,215  4,014  8,229  LIABILITIES, DEFERRED INFLOWS AND FUND BALANCE  $ 534 $ 28,191 68,769 28,191 68,769 28,191 69,303  $ 534 $ 2,082 28,191 90,552 50,830 119,599 50,830 147,790 90,552 50,830 - 148,324 92,634  TOTAL LIABILITIES, DEFERRED INFLOWS. AND FUND BALANCE  See accompanying Independent Auditors' Report.  41    TOWN OF GEORGETOWN, COLORADO NONMAJOR GOVERNMENTAL! FUNDS FOR THE YEAR ENDED DECEMBER: 31, 2023  COMBININGSCHEDUIEOERIVENUES. EXPENDITURES AND CHANGES IN FUND BALANCE  With Comparative Totals for the Vear Ended December 31, 2022  SPECIAL REVENUE FUNDS Conservation Town Trust Fund 8,521 33 8,554 96,202 26,358 26,358 91,055 (17,804) (17,804) 24,212 45,995 44,557 28,191  Workforce and Tourism Fund  Promotion Enhancement Fund 54,692 $ 19,135 18,274 18 4,083 71,727 19,328 5,147 19,065 68,769  Total 2023 2022 53,297 $ 107,989 $ 8,521 7,117 19,135 23,450 18,274 16,193 23 74 15 4,083 2,629 53,320 158,076 49,404 71,727 58,670 2,490 48,176 12,879 2,490 119,903 71,549 50,830 38,173 (22,145) 19,065 23,450 50,830 57,238 1,305 90,552 89,247  REVENUES Taxes Intergovernmental Revenues Licenses and Permits Charges for Services Investment Earnings Other Revenues TOTAL REVENUES EXPENDITURES Current: Public Works Capital Outlay TOTAL EXPENDITURES REVENUES IN EXCESS (DEFICIENCY) OF EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers (In) NET CHANGE IN FUND BALANCE GAAP BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING See accompanying Independent Auditors' Report.  50,830 - 147,790 90,552  42    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISON SCHEDULE Conservation Trust Fund FOR THE YEAR ENDED DECEMBER 31, 2023  With Comparative Totals for the Year Ended December 31, 2022  2023  Original & Final Budget  Variance With Final 2022  Actual Budget  Actual  REVENUES  Intergovernmental Revenues Conservation Trust Fund Investment Earnings TOTAL REVENUES EXPENDITURES Capital Outlay  $ 5,700 $ 8,521 $ 2,821 $ 7,117  10 5,710 30,000  33 8,554 26,358 45,995 28,191  23 2,844 3,642  15 7,132  Parks, Recreation and Other Capital Outlay NET CHANGE IN FUND BALANCE - BUDGET BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING  (24,290) (17,804) $ 6,486  7,132 38,863 45,995  See accompanying Independent Auditors' Report.  43    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISONSCHEDUIE Town Promotion Fund FOR THE YEAR ENDED DECEMBER 31, 2023  With Comparative Totals for the Year Ended December 31, 2022  2023 Actual  Original & Final Budget 20,000 25,762 1,000 159,262 142,454 6,500 148,954 20,000 30,308  Variance With Final 2022 Budget  Actual  REVENUES Other Taxes Licenses and Permits Business Licenses Charges for Services Other Charges for Services Other Revenues Donations TOTAL REVENUES EXPENDITURES Public Works Community Development Capital Outlay Public Works Capital Outlay TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES) NET CHANGE IN FUND BALANCE - BUDGET BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING  $112,500 $ 54,692 $ (57,808) $  19,135 18,274 4,083 96,202 (63,060) 71,727 19,328 (12,828) 91,055 5,147 19,065 24,212 $ (6,096) 44,557 68,769  (865) (7,488) 3,083 70,727 57,899 (5,161) (935)  23,450 16,193 2,629 42,272 58,670 12,879 71,549 (29,277) 23,450 (5,827) 50,384 44,557  REVENUES IN EXCESS (DEFICIENCY) OF EXPENDITURES 10,308  Transfers In  See accompanying Independent Auditors' Report.  44    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISON SCHEDULE Workforce and Tourism Enhancement Fund FOR THE YEAR ENDED DECEMBER 31, 2023  2023 Actual  Original & Final Budget  Variance With Final Budget  REVENUES Taxes Other Taxes Investment Earnings TOTAL REVENUES EXPENDITURES Public Works Capital Outlay  $ 112,500 $ 53,297 $ (59,203)  50 112,550  23 53,320 (59,230)  (27)  General Government Capital Outlay NET CHANGE IN FUND BALANCE - BUDGET BASIS FUND BALANCE, BEGINNING FUND BALANCE, ENDING  2,500 $110,050  2,490 50,830 $(59,220) 50,830  10  See accompanying Independent Auditors' Report.  45    TOWN OF GEORGETOWN, COLORADO BUDGETARY COMPARISONSCHEDUIE FOR THE YEAR ENDED DECEMBER 31, 2023  Sales Tax Fund  With Comparative Totals for the Year Ended December 31, 2022  2023  Variance With Final 2022 Budget  Final Budget Actual  Actual  REVENUES Taxes Sales and Use Taxes Intergovernmental Revenues State Grants Investment Earnings TOTAL REVENUES EXPENDITURES Capital Outlay General Government Capital Outlay Public Works Capital Outlay Parks, Recreation and Other Capital Outlay Other Capital Outlay Total Capital Outlay Debt Service Principal Interest Total Debt Service TOTAL EXPENDITURES FUND BALANCE, BEGINNING FUND BALANCE, ENDING  $375,125 $349,941 $ (25,184) $ 353,277 842,110 129,088 (713,022) 103,108 1,217,270 479,436 (737,834) 456,555  35  407  372  170  150,189 38,107 117,488 50,855 38,503 5,867 44,370 55,546 502,005 557,551  22,501 1,103,000 205,787 897,213 234,000 262,520 1,359,501 483,382 876,119 356,639 10,062 3,949 14,011  15,075  7,426 (28,520)  10,062 3,949 14,011 557,551 $539,594  1,373,512 497,393 876,119 401,009  NET CHANGE IN FUND BALANCE BUDGET BASIS $(156,242) (17,957) $ 138,285  See accompanying Independent Auditors' Report.    TOWN OF GEORGETOWN, COLORADO BUDGET AND ACTUAL Water Fund  SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET POSITION With Comparative Totals for the Vear Ended December 31, 2022  FOR THE YEAR ENDED DECEMBER 31, 2023  2023 Actual 21,043 18,960 65,453 23,275 362,596 76,016 138,991 26,009 586,000 125,300 588,836 195,736 1,324 59,996 (108,583) 49,962 480,253 245,698 7,485 (22,455) 7,485 (22,455) 487,738 $223,243 124,027 (221,357) 69,367 459,775 7,609,645 8,069,420  Variance with Final Budget 8,643  Final Budget 12,400 18,960 88,728 438,612 165,000 711,300 393,100 1,800 9,500 (169,845) (169,903) (158,545) 234,555 29,940 29,940 264,495  2022 Actual 19,021 1,113,309 18,960 40,264 350,085 52,631 461,940 651,369 1,348 16,269 (219,457) (201,840) 449,529 36,677 63,500 100,177 549,706 169,937 (300,541) 419,102 7,190,543 7,609,645  Operating Revenues Utility Charges Other Charges for Services Total Revenues Operating Expenses Management Fees Collection, Transmission and Distribution Operations Enterprise and Other Capital Outlay Total Expenditures Operating Income (Loss) Other Income (Expense) Intergovernmental Revenue Investment Earnings Debt Service Total Other Income (Expense) Net Income (Loss) before Transfers Contributed Capital Plant Investment Fees Dedicated Infastructure Total Contributed Capital Change in Net Position (Budget Basis) Budget to GAAP Reconciliation Principal Paid Depreciation Expense Capital Outlay Change in Net Position - GAAP Basis Net Position, Beginning Net Position, Ending  1,092,000 $ 1,153,793 $ 61,793 $ 1,094,288 1,104,400 1,174,836 70,436  (476) 50,496 (58)  See accompanying Independent Auditors' Report.  47    TOWN OF GEORGETOWN, COLORADO BUDGETAND ACTUAL Wastewater Fund  SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NETI POSITION With Comparative Totals for the Year Ended December 31, 2022  FOR THE YEAR ENDED DECEMBER 31, 2023  2023 Actual 137,976 968,280 18,960 49,993 536,795 109,439 183,561 715,187 224,611 253,093 228,850 115,885  Variance with Final Budget 5,206 4,239 15,261 25,789  Final Budget 132,770 964,041 18,960 65,254 562,584 293,000 939,798 24,243 18,000 (256,972) (256,035) (238,972) (140,150) 98,822 (214,729) 112,943 327,672  2022 Actual 127,202 929,283 18,960 35,105 475,403 171,502 700,970 228,313 31,286 (259,368) (228,082) 231 31,360 63,500 94,860 95,091 249,605 (284,175) 158,454 218,975 4,390,822 4,609,797  Operating Revenues Utility Charges Other Charges for Services Total Revenues Operating Expenses Management Fees Collection, Transmission and Distribution Operations Enterprise and Other Capital Outlay Total Expenditures Operating Income (Loss) Other Income (Expense) Investment Earnings Debt Service Total Other Income (Expense) Net Income (Loss), Budget Basis Contributed Capital Plant Investment Fees Dedicated Infastructure Total Contributed Capital Change in Net Position (Budget Basis) Budget to GAAP Reconciliation Principal Paid Depreciation Expense Capital Outlay Change in Net Position GAAP Basis Net Position, Beginning Net Position, Ending See accompanying Independent Auditors' Report.  831,271 $ 830,304 $ (967) $ 802,081  97,885 937  25,600 25,600  6,400 (19,200) 6,400 (19,200) 240,514 (289,840) 98,250 168,267 4,609,797 $4,778,064  (189,129) 119,343 $_308,472  48    STATE COMPLIANCE    J  E  -1 :  : :        -        STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  Baehler, Co-founders of the Georgetown Christmas Market, has been received and is expected The shrubbery plantings ini the parking lot will bei installed after the parking lot concrete worki is  to be installed by the end of September. completed in mid-September.  Phase 4- Budget and Scope  The authorized 2024 budget for Phase 4 oft the Strousse Park Refresh Project is $306,000. The  funding for this project comes from the following sources:  CDOT RMS Grant- $250,000 (requires 10% TOG matching funds = $25,000) Carryover of reserve funds from the 2023 budget $56,000- covers the $25,000 grant matching funds plus $31,0001 fori items not covered by Grant funding  Progress to date supports completing the following work scope within the overall budget of  $306,000.  Flagstone paving throughout the park plaza area -1 100% complete Planter at NE corner of the plaza -1 100% complete Veneer stone covering on exposed foundations- : 100% complete Natural grass turf area around the fire pit-100% complete Seating boulders around fire pit- - 100% complete Concrete paving inside passageway to parking lot - 100% complete parking lot bases - planned for September Food truckreceptacle -1 100% complete  Light poles in plaza and parking lot - electrical work 100% complete-veneer stone for Landscape plantings around Christmas Tree and planter areas- -1 100% complete Automatic irrigation system - 90% complete - parking lot irrigation planned for Concrete sidewalk from Rose St to restroom - 25% complete - started in August -1 to be Parking Lot Concrete curb, gutter, and drainage pans - 50% complete - started in Installation of concession area countertop electrical outlets - 100% complete Re-conditioning and installation of historic fence - planned for September Replacement of memorial Cottonwood tree (including memorial plaque) -9 95% complete, memorial plaque received in August, to be installed in September Re-installation of "Maid of the Mountain" scope - planned for September  September  complete by mid-September  August to be complete by mid-September  2    STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  August 2024 OVERVIEW  Work during August focused on concrete flatwork in the parking lot and completion of punch Concrete worki int the Strousse Park parking finally got underway during the last week in August and is proceeding. This work is now expected to be completed by mid-September. Work on the following punch-list items started in August as noted below and will continue until completed over the next few months as time and resource availability permits as follows: Refurbish and install sections oft the historic fence along the 6th Street and Rose St Build and install the access doors and hinged countertop for SE Concession Area Install insulation and electric heat for Utility Room - Completed Install insulation and ceiling in Utility Room = Completed Install distribution piping for parking lot planter dripi irrigation system - Completed Install potable water system including hot water heater Install commercial sink inside storage area- Completed Install canvas partition hardware for SE Concession. Area north wall Completed Install memorial plaque for Baehler tree - Plaque received Install "Maid oft the Mountains" sighting scope  list items.  sidewalks  The parking lot- - installation of concrete drainage pan, curb and gutter, and sidewalk started at the end of August - should be completed by mid-September. Parking lot grading and surface work will follow and is expected to be complete by end of September. Plan is for grading and Veneer stone installation work was completed in the Plaza Area at the end of June. The remaining veneer stonework for the parking lot light pole bases is expected to occur in  surface work to be performed by Town Staff.  September after concrete work is finished.  Irrigation System installation in the Plaza Area is complete and operational. Installation of the drip irrigation system for the parking lot plantings is being coordinated with the parking lot concrete work and will be ready for operation to support landscape plantings in mid Most of the Landscape Plantings were installed prior to the. July 4th grand opening. The specimen Bristlecone pine tree to replace the memorial Cottonwood tree that was removed, came in and was planted in early. July. The memorial plaque commemorating Odee and' Wally  September.  1    STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  Phase 4-2024 Additional Work Scope Items  The following work items are part of the 2024 work plan but are not eligible for CDOT RMS Grant funding because they were not specifically included in the grant scope - These items are being tracked: separately and are being funded from the $56,000 in  carryover reserve, funds from 2023.  Actual Costs August 2024  Extra Work Item  Description  Current Budget incurred thru Estimate  Costi includes materialst tob build wooden counter in east sidel booths #98 &1 10- concretei floor costi included with other and front board &b battens sidingi is leftover material- from Phase 2- Labor provided byF Project Support Team. Costs include framing! lumber, insulation, plywood, and steel doori tob build utility room, Labor provided! byF Project Support Team Recondition historict fence sections (qty 10) removed previously andi install at NW corner ofp park near Christmas1 Tree and near Monument: ats SWe edge ofp park. Labor provided by Projects Support Team Recondition andi install" "Maido oft the Mountain spottings scope, includes cleanup and paintinge engravedi lettering sot thati ity visible andi installation ona ar new steel pole. Labor provided byP Project Support Team Cost includes stump removal andi repairo of brokene electricall linet tof firepit- cost of $ 850.00 $ replacement tree and plaquei includedi in Plantings category Cost includes purchase of3b bowl stainless steel commercial: sink withf fauceta and connection tos sanitary sewer and potable water withp provisionsf fort freeze protection, includingi insulationa and protection ofv wall behind thes sink. Labor provided by Project Support Team Cost includes materials toe establisha a potable water systemi including hot water heater, shutoff andi isolation valves, expansion tank, PEX pipe andf fittings. Labor provided! byP Projects Support Team Costi includes materiala andl labora as required forr minort tasks tor maintain schedule, prepare worka areas for other contractors, generald cleanup and housekeeping, touch-up painting, and completion ofn minor punch-listi items  New SE Concession Areal Buildout  concrete flatwork- woodf for counter-top $ 1,931.26 $ 1,652.26  Storage Area Utility Room Buildout  $ 2,009.38 $ 2,009.38 $ 638.44 $  Refurbish andi install! Historic Fence Sections  13.44  Refurbish andi install" "Maido oft thel Mountain": scope  $ 125.00 $  0.00 829.68  Cottonwood Tree Removal  Commercial Stainless-Steel: Sink  $ 703.77 $  703.77  Potable Water System  $ 1,106.82 $  826.82  2,610.58  Miscellaneous Project Support (Labora andr materials)  $ 1,910.58  Totals for Additional Work Items $ 9,975.25 $ 7,944.93 Total Phase 4+ Add Work Items $ 305,812.98 $2 251,619.66  4    STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  Phase 4- 2024 Grant Funded Work Scope  The current estimated cost to accomplish the Grant Funded Scope is $ 295,837.73 as delineated below. This work is nearing completion and is expected to be completed in  September. CDOT RMS Grant Budget Alignment Concrete Flatwork Flagstone Paving Masonry8 & Stonework Irrigation! System Electrical Work Plantings  Current 2024 Budget Estimate  Current Estimate Paid/Invoiced atC Completion $ 50,779.81 $ 7,979.81 $ 13,155.98 $ 9,755.98  Scope  Thru( (August 2024)  Parking! lot drainage pans, curbs & gutters, between park & restroom, handicap parking area seat walls and trees/shrubs Areal lighting, gutter drainage icer melt project Blue grass sod, native shrubs and  $ $ $ $ $ $  52,000.00 sidewalk to restroom, passageway 19,500.00 Foundation veneer stone, planter and  135,000.00 Park Plazal Flagstone &s Seating Boulders $ 134,633.40 $ 134,633.40  7,500.00 In-ground, automatic systemf for planters $ 7,877.88 $ 7,077.88  57,500.00 system, misc. worki items toc complete 31,000.00 perennials, native trees  $ 58,993.00 $ 58,993.00 $ 30,367.66 $ 25,204.66 $295,837.73 $ 243,674.73  Totals $  302,500.00  3    STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  Open Items for consideration/decision  The following items are considered "Open Items" that warrant re-evaluation and 1. Strousse Park Parking Lot - Board of Selectmen decided to proceed with renovation of existing parking lot (no expansion) on May 14th. Scope will include improved drainage and permeable crushed stone surface to minimize dust and aid with water runoff percolation back into the soil. Will be funded from ARPA Discuss/re-evaluate plan to use a commercial crushed stone containment system such as Gravel Pave for the parking lot surface - concern is that it is expensive, Discussed at August 13th BOS meeting - agreed to delete installation of Gravel Pave plastic grid and just install 34" crushed stone for the final surface 2. What do we do with salvaged material at Centennial Mill and across the street - wood? flagstone? - Some of this material was used to build formwork for the SE Corner planter - Salvaged flagstone will be used to add/repair sidewalk on Rose Street. Still need to decide on disposition of wood and salvaged flagstone. 3. Clean and re-point stone monument at SW corner of the park? - Plan to contact State Historical Society of Colorado who erected the monument in 1935 for input. - Plan to get with stone mason that will be rebuilding the stone wall on Rose St for a quote before going to the State - Recommended stone mason contacted - he is out of state at present and will be back in June - Still need to obtain quote and reach 4. Do we need more furniture for the park? What about signage? Is additional Grant money a possibility for this? - CDOT RMS Grant in 2021 that funded the Restroom also funded purchase of several metal tables and chairs - where did they go? could some  discussion:  funds. =  and its long-term utility/maintenance is unknown.  agreement with Owner (Colorado Historic Society) on repair.  of them be re-located to Strousse Park? - Should we buy more?  5. Received quote for custom pole-top light fixtures identical to existing "historic" Need to decide if there is ustifcation/unding available to replace the six(6) pole top area lighting fixtures that were installed as part of the Strousse Park Refresh Project with "historically correct" fixtures. Could this be funded from ARPA  streetlights currently installed throughout the downtown area.  parking lot budget? (Cost $12,155)  6    STROUSSE PARK STATUS REPORT #35  AUGUST 31, 2024  Phase 5- Parking Lot Work. The following work items are associated with the Strousse Park Parking Lot and are not eligible for CDOT RMS Grant funding because they were nots specifically identified andi included in the grant scope. The BOS decided toj fund this work The BOS agreed that the parking lot should not be expanded and that the project should proceed with Option B- (Gravel Pave) with an approved, funding of $34,760 at the May 14, There was additional discussion regarding the pros and cons of installing Gravel Pave during the August 13th BOS Meeting. It was decided that the Gravel Pave grid will not be installed due to the expense and uncertainty regarding its ability for withstanding snow plowing operations. The parking lot sub-surface will be prepared as if Gravel Pave were being installed, but thej final surface will consist ofa 2" layer of%"c crushed stone. (Cost saving of  using ARPAfunds.  2024BOS Meeting.  approximately $20,000 - Current budget adjusted accordingly)  Actual Costs Current Budget Incurred thru July 31,2024 0.00 $ $ 4,200.00 $ $ 3,500.00 $ $ 800.00 $ $ 6,260.00 $ Totals $ 14,760.00 $  Workl Item  Description  Install concrete curb atN NEC corner and regrade Included with other concrete work $  inF Phase 4  Excavate fors sub-base 4"C Class 55 sub-base and compact Precast parking wheels stops  Add news surface (Gravel-Pave) (OptionB) Gravel See comment Pave abover regarding  Parking lot was prepared for concrete work at the end of. July. Town Staff removed the dirt piled adjacent to the Shelter to clear the area for the sidewalk and relocated the boulders near Concrete contractor mobilization delayed until the end of August due to weather and other commitments. Work is progressing and is expected to be complete by mid-September. Subsurface preparation, installation of Class 5 road-base, and 3A" crushed stone surface will begin as soon as concrete work is completed. This work is expected to be executed by TOG Plantings ini the parking lot planters will begin in mid-September and will be complete by the  the restroom so that the curb and gutter forms can be set.  Road and Bridge staff. Iti is expected to be completed in early October. end of the month. This work will be done by the TOG Parks and Rec Staff.  5    ADMINISTRATORS REPORT  To: Police. Judge & Board of Selectmen From: Rick Keuroglian, Town Administrator Date: September 10, 2024 Task List = no updates. Resolution/Ordinance Tracking: Road & Bridge Projects:  Draft Resolution No.9 (Series 2024) support for al MJHA.  7th Street Bridge: Town Staffi is planning to flipt thel North top railing next. Snowplows: Are all delivered and being installed to get ready for winter.  Motor grader: grading all gravel roads, removing the hard patches on gravel roads, removing the Touch-a-truck: The Town staff will be displaying our road and bridge heavy equipment to allow the kids from the Georgetown Community School to come and see and touch the equipment. Master Streets Improvement Document: Cindy Neely, Scooter, and the Town Administrator are working on assessing the road conditions and drainage issues to create al Master Roads  potholes, and grading down Biddle Street. This event is planned for September 10th.  Spreadsheet that rates all roads and what actions are next.  Parks:  Working with those who have to do community service hours to finish painting the restrooms at the lake, picking up trash around the lake, and painting at Foster Place in City Park. Received approval from the Parks Commission to purchase the ice rink liner ($1,547.70) and the Christmas decorations for the 20 light poles (Argentine North Project) for $4,538.40. Also received approval to rent al Boom Truck to decorate the Tall Evergreen trees at 6"/Griffith, Int the process of fixing the broken stair noses in the Police Department stairwell. Removed the broken wooden stairs down by the Lake. Fixing trip hazards as well.  Focusing on trimming weeds all around town.  Strousse Parking Lot, and 6"/Brownell.  Will be adding crusher fines to the City Park path.  Police:  The Administrative Policies Review Committee is reviewing Police Policies and will make Wel have 3 applications for the Police Officer position and will start scheduling interviews soon.  recommendations to the BOS.  Water & Wastewater Projects:  Still going door to door to inspect lead/copper service lines, 8 lead lines were found. Less than 20 are left to test. They are almost finished with this project. The lead line replacement assistance Temporarily fixed the broken water line at Argentine and 2nd.. this line will have to be Still working on a revised water augmentation plan with the County for the Big Horn  program will start this summer for those that need assistance.  completely replaced. Development. Business Promotions: Upcoming events:  Backflow fines have been mailed out.    Working with the Assistant Town Administrator to have a one-page informational sheet Working on getting signage toj put on Guanella Pass to better inform visitors what to do Oct 12th Veteran fundraise to support a soldier at Guanella Pass Brewery. Oct 13th, The Fire and Ice Chili Cookoff will be at Strousse Park.  about CODA for the business owners. in Georgetown on their way down. Sept 22 - Oct 6tLeaf Peeping Season. Oct 25th Trunk or Treat at City Park. Nov 9th Big Horn Sheep Festival.  Projects:  Xcel Watershed Permit #2 (Forebay By-Pass): Wel hada a meeting last week to discuss the 60% Xcel power lines being buried on Argentine Street and power poles removal: Xcel intends to cut over to new underground feeder lines this week.  engineering plans. A schedule is not ready at this point.  Termination poles have been set but there remains guidewires interfering the sidewalk and Poles have not been removed yet. Lumen needs to do their demo first and then Xcel can remove  bikeway progress. the poles. Argentine North Project: Well ahead of schedule Traffic Circle at 22nd and Argentine has been poured. Traffic Shifts are in effect. Trenching for Street light wiring has begun. Fire Authority Draft Station:  Regional Bike Trail has been graded and wills start pouring concrete.  Jeremy Jones is currently working on an IGA to install a 6" dry hydrant pipe on the 22nd Street bridge andl have an annual agreement to take up to. .5-acre feet or 162,925 gallons per year. The water willl be used to replenish the 40,000-gallon cistern att the Dumont station. This cistern is  used to refill their trucks and to support fire training in the burn tower. Big Horn Crossing Micro Apartment Development (Lakeview Flats) The manufactured units havel been installed. Ag groundbreaking ceremony was held on August 14". Currently working on installing the roofing and will start the siding next. The owner of 700 Taos Street responded and is working with Kazia. The owner of912 Rose Street has begun restoration.  Issues:  1. Demolition by Neglect (Sec.17.09.020) 2. Code Enforcement Issues:  1211 Argentine (Crazy Horse) -Met with Mr. Stitzer in-person with SafeBuilt's Code Enforcement and' Town Stafft to address specific issues. Met with Mr. Stitzer with SafeBuilt Inspector, SafeBuilt Code Enforcement, Georgetown Chiefof Police, Clear Creek County Fire Authority Fire Chief and Town Staff to walk the exterior of the property but was denied entry to inspect the interior. Mr. Stitzer would like to have thei interior first inspected by a Structural Engineer and will let the Town Administrator know when this inspection takes place (Aug 22). Will regroup at a later date with all parties to do a walkthrough of thei interior. He is planning to have as structural engineering assess the interior of the building but will not allow Town Staffor SafeBuilt in the building at thist time. Spoke with the Structural Engineer (Sept 5) and will plan a time for him to lead our team inside the building within the next couple ofweeks.