SENATE BILL 03-139 (§ 1-7-908, C.R.S.) NOTICE

ROARING FORK TRANSPORTATION AUTHORITY

NOTICE IS HEREBY GIVEN by the Board of Directors of the Roaring Fork Transportation Authority (the “Political Subdivision”) of the information required under Section 1-7-908, Colorado Revised Statutes.


General Fund Information

Year

Revenues

Expenditures

Ending Balance

2014

$27,534,649 $23,476,105 $16,470,415

2015

$36,784,275 $35,044,469

$17,120,011

2016

$33,024,523 $33,349,510

$18,789,028

2017

$32,111,010 $27,870,238

$20,213,360

2018 (projected) $32,800,000 $29,500,000

$21,000,000


Short Term Debt Information

Year

Amount Incurred During Fiscal Year

2014

$0

2015

$0

2016

$0

2017

$0

2018 (projected)

$0


Emergency Reserve

The Political Subdivision’s emergency reserve required by Section 20(5) of Article X of the Colorado Constitution is held in the Political Subdivision’s General Fund.

The Political Subdivision’s emergency reserve fund has been fully funded by cash or investments for the current fiscal year and each of the last four fiscal years.

Financial Information Review

The Political Subdivision’s audited financial statements for the last four fiscal years, any management letters that have been made public and have been provided to the Political Subdivision by its auditors in connection with the preparation of its audits for the last four fiscal years, and the Political Subdivision’s budget for the current fiscal year may be reviewed by any person at the following location or locations:

RFTA, 0766 Industry Way, Carbondale, CO 81623 and online at https://www.rfta.com/public-documents/


Short term debt means cash-flow debt or other financial obligation that has a term of not more than one year.

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