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Gilpin County formalizes 3-month operating reserve and creates $2 million water-acquisition fund
Summary
At a special Dec. 15 meeting, Gilpin County commissioners adopted Resolution 25-149 establishing a minimum three-month operating reserve (with an objective of six months) and approved Resolution 25-147 creating a $2,000,000 water-rights acquisition reserve; both passed 3-0.
Gilpin County commissioners on Dec. 15 adopted two fiscal resolutions to formalize long-standing practices: Resolution 25-149 establishes a minimum assigned operating-reserve equal to three months of annual operating expenses (excluding capital and one-time expenditures) and Resolution 25-147 creates a dedicated, assigned reserve of $2,000,000 for strategic water-rights acquisition and…
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