Boxelder Basin Regional Stormwater Authority

A budget for each special district is required to be submitted to the Division of Local Government on an annual basis. The budget must contain revenues, expenditures, and fund balances. Each budget must also contain a message of significant budget issues for the year, the basis of accounting, and any leases that the district is involved in. A draft budget must be presented to the board of directors by October 15th. A hearing is set for public comment thereafter. The budget document must then be adopted by December 31st (Dec 15th if levying property taxes) and submitted to the Division of Local Government by January 31st of the budget year. Special district budgets are available for review at the office of the special district, or at the Division of Local Government’s Denver office.

For comprehensive documentation, please visit DOLA's website and enter the District's Name in the "Local Government Name" box: https://dola.colorado.gov/dlg_lgis_ui_pu/

General Fund: $ 193,455

Debt Service Fund: $ 694,031

ESDF Modification Project Fund: $ 567,000

ESDF O&M Fund: $45,000

Clark Reservoir O&M Fund: $ 1,200

1.A Budget Amendment (BA) is the mechanism used to revise the working budget to reflect changes that occur throughout the fiscal year. Once the working budget is completed, it can only be changed by Budget Amendment. Budget amendments are occasionally necessary and should be filed with the Division of Local Government (DLG) when adopted by a local government.

For comprehensive documentation, please visit DOLA's website and enter the District's Name in the "Local Government Name" box: https://dola.colorado.gov/dlg_lgis_ui_pu/

RESOLUTION TO AMEND 2024 BUDGET
COMES NOW, Richard Seaworth, the President of the BOXELDER BASIN REGIONAL STORMWATER AUTHORITY and certifies that at a regular meeting of the Board of Directors of the Authority held Wednesday, the 28th day of August 2024, at 1:00 p.m., via Video Conference, the following Resolution was adopted by affirmative vote of a majority of the Board of Directors, to-wit:
WHEREAS, the Board of Directors of the Boxelder Basin Regional Stormwater Authority appropriated funds for the fiscal year 2024 as follows:
ESDF Modification Project Fund $ 650,000
and;
WHEREAS, the necessity has arisen for additional expenditures and transfers by the Authority due to additional costs which could not have been reasonably anticipated at the time of adoption of the budget, requiring the expenditure of funds in excess of those appropriated for the fiscal year 2024; and
WHEREAS, funds are available for such an expenditure and transfer from surplus revenue funds of the Authority;
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Boxelder Basin Regional Stormwater Authority shall and hereby does amend the budget for the fiscal year 2024 as follows:
ESDF Modification Project Fund $ 787,000
BE IT FURTHER RESOLVED, that such sums are hereby appropriated from the revenues of the Authority to the General Fund for the purpose stated, and that any ending fund balances shall be reserved for purposes of Amendment 1 to the Colorado Constitution, approved November 3, 1992.
ADOPTED THIS 28th DAY OF AUGUST 2024.

An annual audit of the financial affairs of the district must be completed by every District by June 30 and filed with the Office of the State Auditor by July 31.

A district that has annual revenues or expenditures of less than $750,000 may apply to the Office of the State Auditor for an exemption from audit. The exemption is not automatic, it must be granted, and the request must be filed by March 31.