TOWN OF SEDGWICK ADOPTED BUDGET 2025 TOWIN OF SEDGWICK ADOPTED BUDGET INDEX 2025 Budget Message 1 General Fund 2-5 Conservation Trust Fund 6 Water and Sewer fund 7 Sanitation Collection Fund 8 TOWN OF SEDGWICK, COLORADO BUDGET MESSAGE 2025 The Town anticipates an increase in expenditures for the 2025 budget year and for subsequent years. The Town's 2025 budgeted revenue is within the allowable limits as set forth in the Tabor Amendment. Following are a few important highlights of the 2025 budget: 1. The Town has set the mill levy at 15.713 mills. 2. The Town will start construction on a new sewer system during 2025. The proposed 2025 capital expenditurès will be financed by grants and loans and avaiable reserves. The total estimated cost of construction has been included in the 2025 budget; however, the project may carry into 2026. The budget has been prepared using the following basis of accounting: General Fund - Modified Accrual Lottery Proceeds Fund = Modified Accrual Water & Sewer Fund and Trash Collection Fund: Accrual basis, however depreciation has not been budgeted and capital outlay expenditures are included in the Water, Sewer and Trash Fund budget. Adopted this 9th day of December, 2024. / KV amy mut Mayor ATTEST headh her 21 Town Clerk TOWN OF SEDGWICK 2025 GENERAL FUND-BUDGET SUMMARY ACTUAL ESTIMATE 2025 2025 ACTUAL TO DATE CURRENT REQUEST APPROVED PRIOR YR 8-31-24 YEAR BUDGET BUDGET EXPENDITURES GENERAL GOVERNMENT 122,779 72,204 110,201 203,082 213,611 PUBLIC SAFETY 0 0 0 0 PUBLIC WORKS 39,706 36,891 53,291 68,268 59,204 UETURE/RECREATION 28,972 18,455 27,143 53,332 54,887 CAPITAL OUTLAY 51,599 67,964 100,000 180,000 100,000 TRANSFER OTHER FUNDS 0 0 1,200,000 TOTAL EXPENDITURES 243,056 195,514 290,635 504,682 1,627,703 REVENUE/OTHER TAXES = OTHER 1,078,722 639,318 1,001,890 1,002,390 1,002,390 INTERGOVERAIMENTAD 17,337 11,647 16,835 16,914 16,914 CHGS FOR SERVICES U 0 0 2,000 2,000 MISCELLANEOUS 205,704 180,484 183,600 183,600 183,600 PROPERTY TAXES 15,831 18,667 11,752 12,241 12,241 TRANSFER OTHER FUNDS a 0 TOTAL REVENUE 1,317,594 850,116 1,214,076 1,217,145 1,217,145 BEGINNING BALANCE 2,495,456 3,569,994 3,569,994 4,493,436 4,493,436 TOTAL AVAILABLE 3,813,050 4,420,110 4,784,070 5,710,581 5,710,581 ENDING BALANCE 3,569,994 4,224,596 4,493,436 5,205,899 4,082,878 ASSESSED VALUATION 1,000,033 763,165 763,165 794,973 794,973 MILL LEVY 21.205 15.713 15.713 15.713 15.713 GROSS PROPERTY TAXES 15,831 18,667 11,992 12,491 12,491 PROV FOR UNCOLL TAXES 0 240 250 250 BALANCE 15,831 18,667 11,752 12,241 12,241 TREASURER'S FEES 240 250 250 PROPERTY TAXES-NET 15,831 18,667 11,512 11,991 11,991 - =: 2025 GENERAL FUND BUDGET 2. TOWN OF SEDGWICK GENERAL FUND 2025 BUDGET REVENUE - OTHER THAN PROPERTY TAXES * * ACTUAL ESTIMATE 2025 2025 ACTUAL TO DATE CURRENT REQUEST APPROVED PRIOR YR 08-31-24 YEAR BUDGET BUDGET -TAXES - OTHER THAN CURRENT PROPERTY TAXES PROPERTY TAXES DELINQUENT PROP 89 90 90 90 SPECIFIC OWNERSHIP 1,797 1,209 1,800 1,800 1,800 SALES TAXES and OTHER TAXES 1,076,836 638,030 1,000,000 1,000,000 1,000,000 INTEREST ON TAXES 79 500 500 TOTAL OTHER TAXES 1,078,722 639,318 1,001,890 1,002,390 1,002,390 REVENUE -OTHER INTERGOVEPAMENTAD FED-MINERAL LEASE 2 2 2 2 2 STATE ROAD & BRIDGE 3,246 1,356 1,400 1,400 1,400 MOTOR VEHICLE 999 740 1,110 1,110 1,110 HIGHWAY USE TAX 12,880 9,547 14,321 14,400 14,400 SEVERENCE TAX GRANTS MISCEILANEOUS 210 2 2 2 2 TOTAL INTERGOVERNMENTAL 17,337 11,647 16,835 16,914 16,914 CHARGES FOR SERVICES MISCELLANEOUS COMMUNITY CENTER 2,000 2,000 TOTAL CHGS FOR SERVICES 0 2,000 2,000 MISCELIANEOUS LICENSES & PERMITS 3,077 3,575 3,600 3,600 3,600 INTEREST INCOME 200,336 171,599 180,000 180,000 180,000 OTHER 5,310 LOCAL GRANTS 2,291 0 TOTAL MISCELLANEOUS 205,704 180,484 183,600 183,600 183,600 TRANSFERS TOTAL TRANSFERS 0 0 0 0 0 2025 TOTAL OTHER REVENUE 3. TOWN OF SEDGWICK 2025 BUDGET EXPENDITURES ACTUAL ESTIMATE 2025 2025 ACTUAL TO DATE CURRENT REQUEST APPROVED PRIOR YR 08-31-24 YEAR BUDGET BUDGET GENERAL GOVERNMENT SALARIES 29,232 24,171 36,257 38,069 43,559 PAYROLL TAXES 2,222 1,964 2,946 2,912 3,332 EMPLOYEE INSURANCE 4,289 2,759 4,139 4,400 4,220 OFFICE EXPENSES 5,170 5,386 6,000 6,000 2,500 PROF. SERVICES 28,222 7,329 15,000 30,000 40,000 INSURANCE/BONDS 2,151 3,254 4,881 5,200 7,500 MAINT/SUPPLIES 11,884 9,875 14,813 10,000 10,000 MISC/ELECTIONS* 17,774 6,889 10,334 40,000 25,000 UTILITIES 12,003 8,566 12,849 13,000 11,000 TELEPHONE 2,731 1,856 2,784 3,000 1,000 DONATION-PIRMEN 0 15,000 TREASURERS FEES 383 155 200 500 500 COVID 19 EXPENDITURES 25,000 25,000 GENERAL PURPOSES 6,718 25,000 25,000 TOTAL GENERAL GOVERNMENT 122,779 72,204 110,201 203,082 213,611 *Includes - SCOR 8,000 PUBLIC SAPETY/County 0 PUBLIC WORKS STREETS AND HIGHWAYS SALARIES 21,653 17,905 26,858 40,286 32,331 PAYROLL TAXES 1,646 1,455 2,183 3,082 2,473 EMPLOYEE INSURANCE 3,177 2,043 3,065 2,200 3,200 STREET MAINT. 3,228 6,289 9,434 10,000 10,000 STREET LIGHTING 3,054 2,101 3,152 3,400 3,200 INSURANCE/BONDS 2,350 2,401 3,602 3,800 2,500 MISCBDIANEOUS 0 500 500 35,108 32,194 48,291 63,268 54,204 SANITATION/HEALTE SALARIES PAYROLL TAXES EMPLOYEE BENEFITS WEED/PEST CONTROL 4,598 4,697 5,000 5,000 5,000 INSURANCE 4,598 4,697 5,000 5,000 5,000 TOTAL PUBLIC WORKS 39,706 36,891 53,291 68,268 59,204 GENERAL FUND - 2025 4. TOWN OF SEDGWICK 2025 BUDGET EXPENDITURES ACTUAL ESTIMATE 2025 2025 ACTUAL TO DATE CURRENT REQUEST APPROVED PRIOR YR 08-31-24 YEAR BUDGET BUDGET CULTURE AND RECREATION PARKS SALARIES 14,075 11,638 17,457 18,330 20,908 PAYROLL TAXES 1,071 946 1,419 1,402 1,599 EMPLOYEE INSURANCE 518 1,328 1,992 2,200 2,080 SUPPLIES & MAINT. 9,429 1,416 2,124 12,000 12,000 PUBLIC UTILITIES 0 INSURANCE/BONDS 3,075 1,567 2,351 2,600 1,800 MISCELLANEOUS 804 1,560 1,800 1,800 1,500 UTILITIES 0 COMMUNITY CENTER 10,000 10,0.00 FAIR GROUND 5,000 5,000 0 TOTAL PARKS 28,972 18,455 27,143 53,332 54,887 LIBRARY 0 0 0 0 RECREATION TOTAL CULTURE AND RECREATION 28,972 18,455 27,143 53,332 54,887 CAPITAL OUTLAY 51,599 67,964 100,000 FAIR GROUND 80,000 0 ROCK-STREET GUTTERS 4,000 GENERAL PUPOSES 100,000 96,000 TOTAL CAPITAL OUTLAY 51,599 67,964 100,000 189,000 100,000 TRANSFER-WES FUND 1,200,000 TOTAL EXPENDITURES 243,056 195,514 290,635 504,682 1,627,703 - - =-=- : : : = - = GENERAL FUND - 2025 5. TOWN OF SEDGWICK 2025 BUDGET CONSERVATION TRUST (LOTTERY PROCEEDS) FUND ACTUAL 2025 2025 ACTUAL TO DATE ESTIMATE REQUEST APPROVED PRIOR YEAR 09-30-24 CURR. YEAR BUDGET BUDGET REVENUE STATE LOTTERY 2,348 1,130 2,260 2,260 2,260 INTEREST 66 27 36 36 TOTAL REVENUE 2,414 1,130 2,287 2,296 2,296 EXPENDITURES GENERAL OPERATION 12,000 PARKS RECREATION CAPITAL OUTLAY TOTAL EXPENDITURES 0 0 U 0 12,000 EXCESS REVENUE (DISB) 2,414 1,130 2,287 2,296 (9,704) BEGINNING BALANCE 7,900 10,314 10,314 12,601 12,601 ENDING BALANCE 10,314 11,444 12,601 14,897 2,897 2024 LOTTERY PROCEEDS FUND 6. TOWN OF SEDGWICK 2025 BUDGET WATER AND SEWER FUND ACTUAL ESTIMATE 2025 2025 ACTUAL TO DATE CURRENT REQUEST APPROVED PRIOR YR 08-31-24 YEAR BUDGET BUDGET REVENUE WATER SALES 73,009 46,899 70,349 65,000 74,000 SEWER SALES 40,369 28,773 43,160 37,000 45,000 INTEREST INCOME 1,949 1,000 1,000 1,000 GRANTS/LOANS 245,000 3,198,000 1,998,000 TRANSFER IN 1,200,000 TOTAL REVENUE 1.15,327 75,672 359,508 3,301,000 3,318,000 WATER DEPARTMENT SYSTEM OPER. AND ADM. SALARIES 16,240 . 13,429 20,144 21,151 21,151 EMPLOYEE INSURANCE 2,383 1,532 2,038 1,700 1,700 PAYROLL TAXES 1,235 1,091 1,541 1,618 1,618 SUPPLIES & MAINT.* * 22,876 9,250 13,875 20,000 20,000 PUBLIC UTILITIES 5,726 3,301 4,952 6,800 6,800 INSURANCE/BONDS 1,762 1,807 2,711 2,900 2,900 MISCELLANEOUS 6,349 2,425 3,000 2,000 2,000 AUDIT & BUDGET 1,000 1,000 1,000 1,000 OFFICE 83 1,250 1,875 2,000 2,000 TELEPHONE 342 400 500 600 600 TOTAL WATER DEPARTMENT 57,996 34,485 51,634 59,769 59,769 SEWER DEPARTMENT SYSTEM OPER. AND ADM. SALARIES 16,240 13,429 20,148 21,151 21,151 PAYROLL TAXES 1,235 1,091 1,541 1,618 1,618 EMPLOYEE INSURANCE 2,383 1,532 2,038 1,700 1,700 SUPPLIES &c MAINT. 1,102 305 458 2,000 2,000 UTILITIES 1,119 495 743 3,500 3,500 INSURANCE/BONDS 1,762 1,807 2,711 1,800 1,800 MISCELLANEOUS 500 1,000 1,000 AUDIT & BUDGET 1,000 1,000 1,000 1,000 OFFICE EXPENSE 1,250 1,875 2,000 2,000 TELEPHONE 400 600 600 600 TOTAL SEWER DEPARTMENT 24,841 20,309 31,612 36,369 36,369 DEBT SERVICE LOAN PRINCIPAL 13,967 6,983 13,967 13,967 160,616 LOAN INTEREST TOTAL DEBT SERVICE 13,967 6,983 13,967 13,967 160,616 CAPITAL OUTLAY CAPITAL 52,563 WATER SYSTEM IMP SYSTEM IMPROVEMENT 245,000 245,000 3,198,000 3,198,000 ENGINEERING GENERATOR GENERAL, PURPOSES TOTAL CAPITAL OUTLAY 52,563 245,000 245,000 3,198,000 3,198,000 TOTAL EXPENDITURES 149,367 306,777 342,213 3,308,105 3,454,754 TRANSFERS 0 EXCESS REVENUE / (DISB) (34,040) (231,105) 17,295 (7,105) 136,754) BEGINNING BALANCE 380,701 346,662 346,662 363,956 363,956 ENDING BALANCE 346,662 115,557 363,956 356,851 227,202 EE= F=E= == - :: =: NOTE: Includes budget for updating meters and pits. TOWN WILL COMMENCE CONSTUCTION ON THE SEWER IMPROVEMENT IN 2024, AND COMPLETE THE PROJECT IN 2025. THE TOTAL ESTIMATED COST IS $3,443,0 000. 2024 WATER AND SEWER FUND 7. TOWN OF SEDGWICK 2025 BUDGET SANITATION COLLECTION FUND ACTUAL 2025 2025 ACTUAL TO DATE ESTIMATE REQUEST APPROVED PRIOR YEAR 08-31-24 CURR. YEAR BUDGET BUDGET REVENUE TRASH COLLECTIONS 28,472 19,151 28,727 29,000 29,000 GRANTS OTHER TOTAL REVENUE 28,472 19,151 28,727 29,000 29,000 EXPENDITURES OPERATION AND ADMIN. SALARIES 10,827 8,952 11,906 11,000 11,000 PAYROLL TAXES 2,412 727 1,091 842 842 EMPLOYEE INSURANCE 1,022 1,533 1,200 1,200 SUPPLIES & MAINT. 1,741 0 2,800 2,800 LANDFILL PAYMENTS 3,777 1,858 2,787 4,000 4,000 INSURANCE/BONDS 1,175 1,206 1,809 1,400 1,400 MISCBLLANEOUS 0 AUDIT/BUDGET 600 900 900 900 OFFICE EXPENSE 500 750 800 800 TELEPHONE 350 500 600 600 UTILITIES TOTAL EXPENDITURES 20,532 14,615 21,276 23,542 23,542 CAPITAL OUTLAY GENERAL PURPOSES 20,000 20,000 TOTAL CAPITAL OUTLAY 0 0 0 20,000 20,000 TOTAL EXPENDITURES 20,532 14,615 21,276 43,542 43,542 TRANSFERS 0 0 0 EXCESS REVENUE (DISB) 7,940 4,536 7,451 (14,542) (14,542) BEGINNING BALANCE 57,754 65,694 65,694 73,145 73,145 ENDING BALANCE 65,694 70,230 73,145 58,603 58,603 1= 2025 TRASH COLLECTION FUND 8. TOWN OF SEDGWICK, COLORADO RESOLUTION TO ADOPT BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF SEDGWICK, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE 1ST DAY OF JANUARY, 2025, AND ENDING ON THE LAST DAY OF DECEMBER, 2025: WHEREAS, a proposed budget has been submitted to this governing body on November 1, 2024, for their consideration, and; WHEREAS upon due and proper notice, published or posted in accor- dance with the law, sald proposed budget was open for inspection by the public at a designated place, a public hearing was held on November 18, 2024 and interested taxpayers were given the oppor- tunity to file or register any objections to said proposed budget, and; WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains in balance, as required by law. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL, of the Town of Sedgwick Colorado: Section 1. That the estimated expenditures for each fund are as follows: General Fund $1,627,703 Lottery Proceeds Fund 12,000 Water & Sewer Fund 3,454,754 Trash Collection Fund 43,542 Total $5,137,999 Section 2. That estimated revenue for each fund is as follows: General Fund From property tax levy $12,241 From sources other than property taxes* 1,615,462 Total $1,627,703 Lottery Proceeds Fund From property tax levy $0 From sources other than property taxes* 12,000 Total $12,000 TOWN OF SEDGWICK RESOLUTION TO ADOPT BUDGET Page 2 Water & Sewer Fund From property tax levy $0 From sources other than property taxes* 3,454,754 Total $3,454,754 Trash Collection Fund From property tax levy $0 From sources other than property taxes* 43,542 Total $43,542 * Including Beginning Available Balances Section 3. That the budget as submitted and herein above summarized by fund, be, and the same is hereby approved and adopted and shall be the budget for the Town of Sedgwick for the year previously stated. Section 4. That the budget hereby approved and adopted shall be signed by the Mayor and Town Clerk, and made a part of the public records of the Town of Sedgwick, Colorado. Adopted this 9th day of December, 2024. anuy - 6n A 1 Mayor Attest: / - denshen. Pona Town Clerk AMENDED TOWN OF SEDGWICK RESOLUTION TO SET MILL LEVIES A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2024, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN OF SEDGWICK, COLORADO, FOR THE 2025 BUDGET YEAR. WHEREAS, the Board of Trustees of the Town of Sedgwick has adopted the annual budget in accordance with the Local Government Budget Law, on the 9th day of December, 2024, and; WHEREAS, the amount of money necessary to balance the budget for the general operating expenses is $12,491, and; WHEREAS, the 2024 valuation for assessment for the Town of Sedgwick, Colorado, as certified by the County Assessor is $794,973. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF SEDGWICK, COLORADO: Section 1. That for the purpose of meeting all general operating expenses of the Town of Sedgwick, Colorado, during the 2025 budget year, there is levied a tax of 15.713 mills on each dollar of the total valuation for assessment of all taxable property within the Town for the year of 2024. Section 2. That the mayor is hereby authorized and directed to immediately certify to the County Commissioners of Sedgwick County, Colorado, the mill levies for the Town of Sedgwick, Colorado, as hereinabove determined and set. Adopted, this 13th day of January, 2025. - €o AMI nil MAYOR ATTEST: eas TOWN CLERK la Centg) bum/hayk C2) TOWN OF SEDGWICK, COLORADO RESOLUTION APPROPRIATING SUMS OF MONEY A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND SPENDING AGENCIES, IN THE AMOUNTS AND FOR THE PURPOSES AS SET FORTH BELOW, FOR THE TOWN OF SEDGWICK, COLORADO, FOR THE BUDGET YEAR 2025. WHEREAS, The Town Council has adopted the annual budget in accordance with the Local Government Budget Law, on December 9, 2024 and; WHEREAS, the Town Council has made provision herein for revenues in the amount equal to or greater than the total proposed expenditures as set forth in said budget, and; WHEREAS, it is not only required by law, but also necessary to appropriate the revenues provided in the budget to and for the purposes described below, sO as not to impair the operation of the Town. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF SEDGWICK, COLORADO: That the following sums are hereby appropriated from the revenues of each fund, to each fund, for the purposes stated: General fund $1,627,703 Lottery Proceeds Fund $12,000 Water & Sewer Fund $3,454,754 Trash Collection Fund $43,542 Adopted this 9th day of December, 2024. - 2 cnyy Mayor Attest: heavlhe Town Clerk