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RBC | Rio Blanco County Board of Commissioners reviewed supplemental expenditures in the 2020 budget with Budget and Finance Director Janae Stanworth Tuesday. An additional $1.8 million was spent in 2020, most of which was offset by grant revenues, CARES act expenditures and other sources.
An additional $6,930 was moved into Emergency Management for COVID-related expenses, offset by grant revenues. The Meeker and Rangely Airports each received $20,000 in CARES act funding. $10,300 was spent through the County Attorney’s office for mediation and costs associated with a Board of Assessment Appeals hearing. $23,075 was spent through the Sheriff’s Detention Center for “telehealth equipment” and was offset by additional grant allocations.
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MEEKER | Rio Blanco County Commissioners adopted the 2021 County Budget Tuesday evening during a special meeting. Prior to adoption, Budget and Finance Director Janae Stanworth presented an overview of the budget, which covers a total of 17 funds and 56 departments. Overall the 2021 budget is decreasing by $6.1 million from 2020. Projected revenues for 2021 are $24.7 million, budgeted expenses are $30.6 million for a deficit of $5.9 million. In 2020 the budgeted deficit was $10.4 million. The county’s largest expense is personnel. On average the county will spend $80,020 per employee for wages and benefits in 2021.
Assessed valuations for 2021 decreased by 11.4%, representing a decrease in property tax revenues of about $900,000. Oil and gas and industrial make up 72% of the total county valuation, down from 76% in the past. Total projected property tax revenues are $6.98 million. Stanworth noted that property taxes have been decreasing since 2013, and that th
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RBC | Rio Blanco County’s proposed 2021 budget is set for adoption by the Board of County Commissioners on Tuesday, Dec. 15, 2020. During work session Tuesday the board reviewed the budget with Budget and Finance Director Janae Stanworth.
Overall revenue is projected to increase by $355,772 and expenses by $651,315 for a net difference of about $300,000. The majority of expenditures over revenue are related to capital improvement projects for Meeker Airport and Rangely Airport entitlement funds. The county plans to cover 5% of the cost of airport improvement projects and remaining costs will be covered by federal/state funding.
Severance tax revenues are projected to decrease by about 75% from 2020, Federal Mineral Lease (FML) is expected to decrease by 2%, based on the assumption that oil and gas prices will increase in 2021. If they do not, FML payments could decrease further.