Silt to keep 2012 budget tight, close to 2011 level
Post Independent Staff
Glenwood Springs, CO Colorado
SILT, Colorado – The Silt town government expects to take in roughly $1.74 million in operating revenues in 2012, and spend nearly all of it through the town’s general fund account, according to town administrator Pamela Woods.
Woods said the town hopes to hold spending close to the $1.7 million that was budgeted for 2011.
And the town is hoping to finish out the coming year with at least $14,000 in its general fund balance, she added, compared to the year-end balance of $60,000 planned for the current year.
“Considering we lost $103,000 in property taxes, we feel that that’s pretty good,” she said of the projected surplus.
Woods explained that, due to the ongoing national and local recession, Silt’s property tax revenues are expected to fall by 26 percent, from $387,000 in 2011 to $284,000 in 2012.
Because of a two-year lag time in the collection of property taxes, Silt’s collections next year will be based on property values in 2010.
Most of the rest of the town’s operating income, she said, will come in the form of sales and use taxes, which together are projected to amount to more than $335,000.
Other big ticket revenue items, according to a draft budget document, will be $200,000 in mineral lease fees and mineral severance taxes, $205,000 in trash service fees and $86,000 in franchise fees.
The town has a total of 10 distinct funds in its annual budget, she said, but the others are all enterprise funds that stand alone financially.
She said the 2012 budget for those funds is still in the works and will not be presented to the Silt Board of Trustees until a work session on Nov. 7.
The general fund budget, however, will be before the trustees at a work session on Oct. 17.
As with nearly all public entities, Silt’s biggest expenditure every year is in salaries and benefits for its employees.
Woods said salaries for the town’s 30 full-time-equivalent employees is proposed to total $1.2 million, with more than $700,000 of that coming from the general fund.
She noted that the town is not adding any new personnel next year, but there will be no furlough days or layoffs.
One employee in public works is retiring and probably will not be replaced right away, she said.
There are no equipment purchases or capital improvements planned for next year, Woods said.
The town’s community development department, according to the draft budget, is projected to cost a total of nearly $91,000 for the administration, planning and building divisions. The department, said Woods, has two part-time employees who each work in other capacities in Town Hall.
The public safety department, which includes the police chief, four full-time police officers and one part-time officer, and the municipal court, is projected to cost the town more than $590,000.
The public works department is expected to spend more than $517,000, a number that covers the streets and the parks divisions.
All told, Woods said of the draft spending plan for 2012, “It’s very little changed from last year.”
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