Silverthorne town budget: 2019 & 2020 Biennial Financial Plan
Past Budget: 2017 & 2018 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 2019 and 2020.
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
Silverthorne has received 12 consecutive Distinguished Budget Presentation Awards, including the most recent award for the 2017/2018 Town Budget
policies, services provided to the community, accomplishments, goals, service indicators and expenditures). 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 2019/2020 budget retreat, Council reviewed department policies, activities and service levels. Projects, prioritization, and general issues were discussed as well. 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
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 Ordinance” 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 2019-2020 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.