City of Lamar Adopting Budget

ORDINANCE NO. ______

AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF REVENUES AND EXPENDITURES AND ADOPTING THE BUDGET FOR THE CITY OF LAMAR, COLORADO, FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2027.

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAMAR, COLORADO:

SECTION 1. The various appropriations from the revenue of the City of Lamar, Colorado to defray the expenses and liabilities thereof during the fiscal year beginning January 1, 2027 shall be under the following heads:

GENERAL FUND LAMAR BUILDING FINANCE CORP

E-911 FUND LIBRARY FUND

SALES TAX FUND FAIRMOUNT INVESTMENT FUND

CONSERVATION TRUST FUND SANITATION FUND

UNEMPLOYMENT FUND WATER AND SEWER FUND

VICTIM ASSISTANCE FUND LAMAR AMBULANCE FUND

CAPITAL IMPROVEMENT FUND AIRPORT FUND

LAMAR LIGHT & POWER

SECTION 2. The following amounts under the respective funds are hereby appropriated out of the revenue that shall accrue to said City during fiscal year beginning January 1, 2027.

General Fund $12,933,131

E-911 Fund $ 949,049

Sales Tax Fund $ 6,435,622

Conservation Trust Fund $ 151,500

Unemployment Fund $ 43,080

Victim Assistance Fund $ 20,250

Capital Improvement Fund $ 3,250,000

Lamar Building Finance Corporation $ 272,115

Library Fund $ 36,850

Fairmount Investment Fund $ 75,500

Airport Fund $ 1,436,467

Sanitation Fund $ 1,803,000

Water/Sewer Fund $ 7,757,529

Lamar Ambulance Fund $ 1,119,794

Lamar Light & Power $19,872,359

SECTION 3. The budget as follows is hereby adopted for the fiscal year beginning January 1, 2027.

GENERAL FUND:

Revenue $12,933,131

Expenditures 12,933,131

Revenues Over (Under) Expenditures $ 0

Total Appropriation General Fund $12,933,131

E-911 FUND:

Revenues $ 949,049

Expenditures 949,049

Revenues Over (Under) Expenditures $ 0

Total Appropriation E-911 Fund $ 949,049

SALES TAX FUND:

Revenues $ 6,435,622

Expenditures 6,435,622

Revenues Over (Under) Expenditures $ 0

Total Appropriation Sales Tax Fund $ 6,435,622

CONSERVATION TRUST FUND:

Revenues (including Fund Balance used) $ 151,500

Expenditures 151,500

Revenues Over (Under) Expenditures $ 0

Total Appropriation Conservation Trust $ 151,500

UNEMPLOYMENT FUND:

Revenues (including Fund Balance used) $ 43,080

Expenditures 10,000

Revenues Over (Under) Expenditure $ 33,080

Total Appropriation Unemployment Fund $ 43,080

VICTIM ASSISTANCE FUND:

Revenues (including Fund Balance Used) $ 20,250

Expenditures 20,250

Revenues Over (Under) Expenditure $ 0

Total Appropriation Victims Assistance Fund $ 20,250

CAPITAL IMPROVEMENT FUND:

Revenues (including Fund Balance Used) $ 3,250,000

Expenditures 3,250,000

Revenues Over (Under) Expenditures $ 0

Total Appropriation Capital Improvement Fund $ 3,250,000

LAMAR BUILDING FINANCE CORPORATION:

Operating Revenue $ 200.00

Operating Expenditures $ 272,115

Net Income/Loss $ (271,915)

Total Appropriation Lamar Bldg Finance Corp $ 272,115

LIBRARY FUND:

Revenues $ 36,850

Expenditures 36,850

Revenues Over (Under) Expenditures $ 0

Total Appropriation Library Fund $ 36,850

FAIRMOUNT INVESTMENT FUND:

Revenues (including Fund Balance Used) $ 75,500

Expenditures 75,500

Revenues Over (Under) Expenditures $ 0

Total Appropriation Fairmont Investment Fund $ 75,500

AIRPORT FUND:

Operating Revenue $ 619,657

Operating Expenditures 915,313

Net Operating Income $ (295,656)

Non-Operating Revenue $ 1,277,922

Non-Operating Expenditures 982,266

Net Non-Operating Income $ 295,656

Net Income /Loss $ 0

SANITATION FUND:

Operating Revenues $1,791,000

Operating Expenditures 1,074,966

Net Operating Income $ 716,034

Non-Operating Revenue $ 12,000

Non-Operating Expenditures 555,335

Net Non-Operating Income $ (543,335)

Net Income/Loss $ 172,698

WATER/SEWER FUND:

Operating Revenue $ 5,110,000

Operating Expenditures 2,514,700

Net Operating Income $ 2,595,300

Non-Operating Revenue $ 2,647,529

Non-Operating Expenditures 5,242,829

Net Non-Operating Income $ (2,595,300)

Net Income /Loss $ 0

LAMAR AMBULANCE FUND:

Revenues (including Fund Balance Used) $ 1,119,794

Expenditures 1,119,794

Revenues Over (Under Expenditures) $ 0

LAMAR LIGHT & POWER:

Operating Revenue $ 16,370,755

Operating Expenditures 16,664,061

Net Operating Income $ (293,306)

Non-Operating Revenue $ 1,284,250

Non-Operating Expenditures 3,208,298

Net Non-Operating Income $ (1,924,048)

Net Income /Loss $ (2,217,354)

SECTION 4. There is hereby pursuant to Article XI of the Charter of said City of Lamar, Colorado, appropriated from the revenue of the Utilities Board, the sum of $1,808,866.

Introduced, read in full, passed on first reading, and ordered published this 12th day of October, 2026.

CITY OF LAMAR, COLORADO

Kirk Crespin, Mayor

ATTEST:

Linda Williams, City Clerk

Passed on second reading and ordered published the day of __________________, 2026.

CITY OF LAMAR, COLORADO

Kirk Crespin, Mayor

ATTEST:

Linda Williams, City Clerk

Published October 23, 2026

In the Kiowa County Press.