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Town Hall winterSilverthorne Town Budget: 2015 & 2016 Biennial Financial Plan

Past Budgets: 2013 & 2014 Biennial Financial Plan

Budget Document Highlights: This budget document is designed to be used by a wide range of participants including interested citizens, financial organizations, Town Council, Town Planning officials and Town staff. The Budget Document consists of four sections: Introduction, Fund/Department Detail, Financial Summary and several Appendixes.

The Introduction includes the Manager's letter, the Community Profile, this Introduction and Budget Highlights. Budget Highlights include financial information as related to cash, revenues, personnel, and expenditures. Also included are brief discussions regarding future issues for the Town in 2015 and 2016.

The Funds sections include information organized by fund type: General Fund, Capital Projects and Special Revenue Funds, Enterprise Funds and Other Funds. All documented Funds have been appropriated by Council. The General Fund section includes Revenue Detail, Operating Department Detail, (including

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 Silverthorne has received 10 consecutive Distinguished Budget Presentation Awards, including the most recent award for the 2013/2014 Town Budget

policies, services provided to the community, accomplishments, goals, service indicators and expenditures). Per recommended Governmental Accounting Guidelines and the Town of Silverthorne Financial Policies, this section is organized in the same format and order as the Annual Financial Statements. This design is intended to make it easier for the average user to compare the Financial Plan to the results of operations as reported in the Annual Financial Statements. The Operating Department Narratives begin with policy statements as approved by the Council on an annual basis. Programs are implemented in order to provide services to the citizens. Therefore, Department programs, goals, accomplishments and service indicators are identified in this section as well. The Department Narrative gives the Department Director the opportunity to highlight key issues for the Council. At the 2015/2016 budget retreat, Council reviewed department policies, which identify legitimate activities and service levels and discuss projects or issues in general. The policies as approved by the Council and service indicators identified by the Department Directors are the driving forces behind the annual budget preparation. The Department Detail section is designed to provide the most detailed information and should be used to answer questions about a specific Department.

This Document includes the following Funds:
• General Fund
• Sales Tax Capital Improvement Fund
• Lodging Tax Special Revenue Fund
• Development Excise Tax Special Revenue Fund
• 5A Housing Special Revenue Fund
• Water & Sewer Enterprise Fund
• Joint Sewer Authority Agency Fund
• South Maryland Creek Ranch GID

Information in the Financial Summary section is prepared to assess the financial condition of the Town and to answer common questions about the annual budget. The Financial Summary sections include the “Financial Condition of the Town” and the “Budget Resolution” approving the annual budget, both of which provide the big picture. Several summaries are included to identify issues such as expenditures by category (personnel, supplies, contributions, debt, and transfers), which provide a different analysis of the same information identified in the Department Detail section.

The Appendixes include the 2015-2016 Financial Policies, Salary Information, Organizational Charts and Glossary of Terms. This information is included to provide background information that may be useful in understanding this document.

 

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