BUDGET DOCUMENT TABLE OF CONTENTS INTRODUCTION Page Budget Message ............................................................................................ 1 List of Town Officials ...................................................................................... 13 General Information about the Town .............................................................. 15 Organizational Chart ...................................................................................... 24 Staffing Levels ................................................................................................ 25 Town Map ...................................................................................................... 27 Town Council Goals for the Future ................................................................. 28 BUDGET POLICIES AND DEVELOPMENT Legal Requirements ....................................................................................... 33 Budget Preparation and Review ..................................................................... 34 Capital Budget Process .................................................................................. 35 Budget Adoption ............................................................................................. 35 Budget Method ............................................................................................... 35 Budget Basis .................................................................................................. 35 Budget and Accounting Control ...................................................................... 36 Budget Changes ............................................................................................ 37 Budget Schedule ............................................................................................ 38 FINANCIAL OVERVIEW Fund Structure & Description ......................................................................... 39 Fund Summary: Total all Funds ........................................................................................ 43 General Fund ......................................................................................... 44 Lottery Fund ........................................................................................... 45 Real Estate Transfer Tax Fund .............................................................. 46 Road Mill Levy Fund ............................................................................... 47 Excise Tax Fund ..................................................................................... 48 Marketing and Special Events Fund ....................................................... 49 TABLE OF CONTENTS (cont.) Group Sales Fund .................................................................................... 50 Renewable Energy Offset Program Fund ................................................. 51 POST Grant Fund .................................................................................... 52 Debt Service Fund .................................................................................... 53 Capital Improvement Program Fund ........................................................ 54 Capital Equipment Reserve Fund ............................................................. 55 Housing Fund ........................................................................................... 56 Carriage Way Fund .................................................................................. 57 Consolidated Fund Balance ........................................................................... 58 Five-Year Budget Summaries per Fund ......................................................... 59 Financial Overview ......................................................................................... 61 Financial Policies ........................................................................................... 61 Revenue Policies ........................................................................................... 62 Expenditure Policies ....................................................................................... 63 Fund Balances ............................................................................................... 64 Revenues ....................................................................................................... 65 Expenditures .................................................................................................. 74 Grants and Donations .................................................................................... 75 Debt Service ................................................................................................... 76 Capital Expenditures ...................................................................................... 78 Capital Purchases........................................................................................... 79 Operating Capital.......................................................................................... 81 Capital Purchases Listing ............................................................................... 83 Five-Year Capital Improvement Program Project Summary ........................... 86 GENERAL FUND BUDGET DETAIL General Fund Budget Summary .................................................................... 88 General Fund Revenues ............................................................................... 90 General Fund Departmental Summaries ........................................................ 94 Town Council ................................................................................................. 96 Town Manager .............................................................................................. 100 Finance .......................................................................................................... 106 Community Development ............................................................................... 110 Public Safety .................................................................................................. 116 Transportation ................................................................................................ 122 Parks, Trails & Recreation .............................................................................. 133 Public Works Administration ........................................................................... 141 Facility Maintenance ....................................................................................... 145 Road ............................................................................................................... 149 Solid Waste .................................................................................................... 155 Fleet Services ................................................................................................ 161 TABLE OF CONTENTS (cont.) Human Resources.......................................................................................... 167 Other Expenditures ........................................................................................ 172 SUPPLEMENTAL FUNDS BUDGET DETAIL Lottery Fund ................................................................................................... 174 Real Estate Transfer Tax Fund ...................................................................... 178 Road Mill Levy Fund ....................................................................................... 182 Excise Tax Fund ............................................................................................ 186 Marketing and Special Events Fund ............................................................... 190 Group Sales Fund .......................................................................................... 198 Renewable Energy Offset Program Fund ....................................................... 205 POST Grant Fund .......................................................................................... 209 Debt Service Fund ......................................................................................... 213 Capital Improvement Program Fund .............................................................. 217 Capital Equipment Reserve Fund .................................................................. 223 Housing Fund ................................................................................................. 227 Carriage Way Fund ........................................................................................ 238 RELATED INFORMATION Revenue/Expenditures Allocation .................................................................. 244 Glossary ......................................................................................................... 246 Budget Prepared by: Finance Department October 5, 2020 Snowmass Village Town Council, The Town Manager, per the Home Rule Charter, is required to present the proposed budget for the ensuing fiscal year to the Town Council for consideration and action. Staff is pleased to present the proposed 2021 annual budget. This budget serves as the basis for our financial and operating plans for the 2021 calendar year. For many years, the Town Council has developed and adopted a fiscally conservative approach to the annual budget process putting many financial safety nets in place. These safety nets include creating a 30% operational reserve, creating a capital equipment replacement reserve,