Garfield County Finance Department earns budgeting award
GARFIELD COUNTY, Colo. – The Garfield County Finance Department has again been honored for its excellence in governmental budgeting for its 2017 adopted budget. The Government Finance Officers Association (GFOA) bestowed the Distinguished Budget Presentation to the department for the eighth straight year. The GFOA rates governmental budgets on the ability to serve as a policy document, financial plan, operations guide, and communications device. Garfield County met those and 14 subsequent criteria, in receiving the award. The award “reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting,” the GFOA noted. Todd Buikema,
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Garfield County approves 2018 budget
GARFIELD COUNTY, Colo. – Garfield County has approved a fiscally conservative, balanced projected budget for 2018. The budget includes $83 million for operations and $14.1 million in capital projects. The $104.8 million projected budget also includes $8.6 million in discretionary expenditures, and projects the county’s 2018 year-end fund balances at roughly $102.7 million – a drawdown of $16.3 million from 2017. Revenues in 2017 were down $2.6 million from projections, mainly due to lower property tax collections. County offices and departments presented lean budgets to the Board of County Commissioners this fall, helping to achieve the balanced budget. The overall
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County approves 2017 balanced operating budget without reduction in services or staff
GARFIELD COUNTY, CO – The Garfield County Board of County Commissioners (BOCC) adopted the county’s 2017 budget Monday, Nov. 14. Revenues for 2017 are expected to be approximately $91 million, about $14 million less than 2016 revenues. The reduction is due primarily to a $17 million decline in collections of oil and gas property tax – a 35% decrease from that sector, due to declining natural gas production and soft market pricing. In total, the 2017 county budget appropriates $105,687,458 for expenditures. The budget will implement $86.5 million for operations, $11.7 million for capital, and $7.5 million for discretionary expenditures.
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