City of Brighton, Colorado

Local Government Budget Law of Colorado (C.R.S. §29-1-1) requires the adoption of an annual budget by local governments. The basic purpose of a budget is to provide a complete financial plan which reflects estimated revenues and proposed expenditures. The budget is a tool used to monitor revenues and to control expenditures.

 

The operating budget includes recurrent expenses associated with the delivery of programs and services. The capital budget represents large expenditures for items that have a useful life in excess of one year and are not consumed when used. The capital budget includes both equipment and projects. 

 

The operating budget for the City includes the General Fund, the Cemetery Fund and the Water/Sewer/Drainage Utilities Fund. The capital budget includes the Lottery Fund, the Capital Improvement Fund, the Parks and Recreation Capital Fund and the Water/Sewer/Drainage Utilities Fund.

 

Annual budgets must be adopted by the governing board (City Council) prior to the last day of the previous fiscal year.