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Financial Information for Debt Related Ballot Questions

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What follows is the financial information regarding the 2018 ballot items. This page will be updated as soon as possible if there are ballot issues added to the ballot for the November 5, 2019 election.

 


 

NOTICE OF FINANCIAL INFORMATION

FOR CITY OF LONGMONT

BOULDER AND WELD COUNTIES, COLORADO 

At the election to be held on November 6, 2018, the City of Longmont (the “City”) is submitting three ballot issues concerning the creation of debt or financial obligation.

Pursuant to §1-7-908(1) C.R.S., the following financial information is provided:

I. City’s Ending General Fund Balance by Fiscal Year

City’s Ending General Fund Balance by Fiscal Year
 Fiscal Year
 Ending Balance
 2018 (projected)
 $21,387,516
 2017 (audited)
 $21,934,269
 2016 (audited)
 $19,784,130
 2015 (audited)
 $18,626,295
 2014 (audited)
 $18,318,145

 

II. Total Revenues In and Expenditures From the City’s General Fund by Fiscal Year

Total Revenues In and Expenditures From the City’s General Fund by Fiscal Year
 Fiscal Year
 Revenues In
 Expenditures From
 2018 (projected)
 $81,733,415  $82,280,168
 2017 (audited)
 $78,183,461  $75,808,926
 2016 (audited)
 $75,361,938  $72,805,635
 2015 (audited)
 $71,902,876  $71,289,871
 2014 (audited)
 $68,991,586  $68,238,637

 

III. Amount Incurred by the City for Cash Flow Purposes – by Fiscal Year (Debt or other Financial Obligation with not more than one year term)

Amount Incurred by the City for Cash Flow Purposes – by Fiscal Year
 Fiscal Year
 Cash Flow Borrowings
 2018 (projected)
 $ -0-
 2017 (audited)
 $ -0-
 2016 (audited)
 $ -0-
 2015 (audited)
 $ -0-
 2014 (audited)
 $ -0-

 

IV. The City’s Emergency Reserve Required by § 20(5) of Article X of the Colorado Constitution has been Fully Funded by Cash or Investments for the following Fiscal Years

The City’s Emergency Reserve
 Fiscal Year Fund
 Emergency Reserve Held in General
 2018 (current)
 Fully funded
 2017 (audited)
 Fully funded
 2016 (audited)
 Fully funded
 2015 (audited)
 Fully funded
 2014 (audited)
 Fully funded

 

V. City’s Ending General Fund Balance by Fiscal Year

City’s Ending General Fund Balance by Fiscal Year
 Fiscal Year
 Ending Balance
 2018 (projected)
 $21,387,516
 2017 (audited)
 $21,934,269
 2016 (audited)
 $19,784,130
 2015 (audited)
 $18,626,295
 2014 (audited)
 $18,318,145

 

VI. Total Revenues In and Expenditures From the City’s General Fund by Fiscal Year

Total Revenues In and Expenditures From the City’s General Fund by Fiscal Year
 Fiscal Year
 Revenues In
 Expenditures From
 2018 (projected)
 $81,733,415  $82,280,168
 2017 (audited)
 $78,183,461  $75,808,926
 2016 (audited)
 $75,361,938  $72,805,635
 2015 (audited)
 $71,902,876  $71,289,871
 2014 (audited)
 $68,991,586  $68,238,637

 

VII. Any Person may Review the City’s

  1. audited Financial Statements for the last four Fiscal Years,
  2. any Management Letters made public and provided to the City by the City’s Auditors for the last four Fiscal Years, and
  3. the Budget for the current Fiscal Year at the following location:
    City of Longmont, 350 Kimbark St., Longmont, CO 80501; Phone: (303) 651-8649

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