The 2011 budget has been finalized with no changes made from October’s initial reading.

Expenditures in the general fund are estimated to be about $8.77 million out of a predicted $8.79 million in revenue.

The capital improvements fund predicts $2.4 million in revenue, with the same in expenditures.

Both funds retain healthy fund balances at year-end.

With $1.075 million transfered into the fund from capital improvements and the development excise fund, the lodging tax fund has about $1.4 million in revenue. Town officials expect to spend about $1.6 million for a new segment of the Blue River Trail – a high priority project for the town – as well as open space and marketing. There should still be a positive fund balance at year end.

A predicted $227,000 should come into the development excise fund. Again, the fund retains a positive fund balance even with expenditures at $512,000.

The housing 5A fund, which sunsets in 2016, sees a boost in its fund balance as revenue of $289,000 is predicted and $268,000 is set to be spent.

The water, sewer and wastewater treatment enterprise funds have relatively steady revenue to expenditures. The water fund is set to spend $600,000 more than its $1 million expected revenue. That money is slated for go into the Old Dillon Reservoir expansion project.

Fund balances enable the town to have reserves on hand for emergency situations, town finance director Donna Braun said.

Braun asks town council members to approve a two-year budget outlook, which they did last week. It includes a five-year operation and 10-year capital outlook. Next year, staff will focus on long-range planning and other town priorities and make as-needed adjustments to the 2012 budget.

SDN reporter Janice Kurbjun can be contacted at (970) 668-4630 or at jkurbjun@summitdaily.com.