Town of Ranlo Adopts FY 2020-2021 Budget

The Ranlo Board of Commissioners unanimously approved the Town’s FY2021 total budget of $3,824,100.00, at its June 11 meeting.  The Town’s fiscal year begins July 1.

Included in the Town’s approved budget:

  • No property tax changes
  • Modest increases in water, waste-water and garbage collection
  • $50,000.00 for engineering studies for renovations to Town Hall
  • $50,000.00 for Ranlo water tank restoration
  • $20,000.00 to research, plan, and implement Ranlo Lodge renovations
  • $25,000.00 for a new police vehicle
  • $10,000.00 for a zero-turn lawnmower
  • $15,000.00 for grant infrastructure and asset improvements
  • $80,000.00 for street repairs
  • $53,500.00 for Boulder Court Studies

The FY 2021 balances at $3,824,100.00  The budget consists of a General Fund Budget of $2,077,850; a Powell Bill Budget of $207,900.00; a Storm Water Budget of $27,000; and a Utility Fund Budget of $1,511,350.  The Recommended Budget requires a $140,250 fund balance appropriation for the General Fund Budget, a $53,4000 fund balance appropriation for the Powell Bill Fund Budget, and a $93,350 fund balance for the Utility Fund Budget.  The allocation required from fund balance for the General Fund is an approximate 66% decrease from the prior fiscal year; for the Utility Fund, the fund balance allocation is approximately 21% less than the prior fiscal year; and an approximate 2.4% decrease from the prior fiscal year for the Powell Bill Fund.

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