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Berthoud trustees asked to adopt long‑range budget practices, community grant program and a capital plan
Summary
Staff proposed annual five‑year financial forecasts, a community impact grant program with a community foundation, a capital‑projects policy, financial tools evaluation and a long‑range capital improvement program to improve predictability and transparency.
Staff outlined financial‑sustainability actions they will pursue: publish an annual rolling five‑year forecast to support long‑range budgeting; evaluate financial‑planning tools and integration with PSD Citywide; adopt a standard capital projects process; and create a public, plain‑language financial report summarizing revenues, reserves, debt and capital status.
Staff also proposed a community impact grant program administered in partnership with the Northern Colorado Community Foundation to distribute competitive grants to local nonprofits for projects rather than ongoing operations. "We'd like to reduce the dependence on the town's finances to operate the museum and Wildfire Community Arts," staff said when explaining the program's intent to encourage competitive, project‑based proposals rather than open, ad‑hoc requests.
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