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GRANTS <br />1. Housing & Urban Development <br />2. Farmers Home Administration <br />3. Boulder County <br />4. Bureau of Outdoor Recreation <br />5. Federal Revenue Sharing <br />TOTAL <br />$342,500 <br />7,000 <br />2,800 <br />48,500 <br />44,080 <br />$444,880 <br />BOND PROCEEDS <br />1. 1975 General Obligation Water Bonds $387,560 <br />2. 1976 Sewer Revenue Bonds 260,000 <br />TOTAL $647,560 <br />GRAND TOTAL OUTSIDE SOURCES OF REVENUE $1,647,040 <br />After deducting the above named revenues, we are left with a <br />budget of $772,605. <br />As I have stated in past budget messages, the economic picture <br />is not bright. We can expect some limitation on our growth as we <br />have no new projects close to development. In addition we can not <br />be sure how soon the Colorado Technological Center will develop. <br />It should be noted that when growth slows down a major source of <br />revenue for the City slows down. <br />This problem coupled with the increased costs of supplies, <br />salaries and inflation places us in the position of relying more and <br />more on outside sources of revenue to fund the operational and main- <br />tenance aspects of the City's operations. <br />(D) <br />