Budget Overview

Structure and Budgetary Organization

Organization

The City of Steamboat Springs was incorporated in 1900. In 1973, the current City Charter was adopted, and which established a Council-City Manager form of government consisting of a full-time City Manager and seven Council members, six of which are elected from districts and one of which is elected at large.


The city provides a full range of municipal services, including police and fire protection, street and drainage systems, parks and recreational amenities, planning and zoning, public transportation, community development programs, an airport, and water and wastewater services.

Budgetary Structure

Governmental Fund Types: Governmental funds are used to account for all or most of the city’s general activities and are budgeted on the modified accrual basis of accounting. Compensated absences are not budgeted.


  1. General Fund - The General Fund is the general operating fund of the City and is used to account for operations traditionally associated with a city and which are not required to be accounted for in another fund. This fund is used to account for the activities of elected officials, general government, public works, transportation, public safety, and parks & community services.
  2. Capital Project Funds - Capital Project Funds account for the financial resources needed or used for the acquisition or construction of major capital facilities and infrastructure that is not accounted for in another fund. This budget includes a general Capital Project Fund and an Accommodation Tax Capital Project Fund.
  3. Special Revenue Funds - Special Revenue Funds account for revenue from specific taxes or other earmarked revenue sources which by law are designated to finance particular functions or activities of government and can include certain intergovernmental revenue in the form of state and federal grant funds. The Special Revenue Funds included in this budget is the Community Housing Fund and the Fire EMS Tax Fund.

Proprietary Fund Types: Proprietary funds are used to account for activities similar to those found in the private sector, where the determination of net income is necessary and useful for sound financial administration.The city budgets proprietary type funds using the accrual basis of accounting except in its treatment of capital expenditures, debt service, compensated absences and depreciation and amortization.


  1. Enterprise Funds - Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, in that the costs of providing goods or services to the general public are financed through user charges. Enterprise Funds included in this budget are the Wastewater Fund, the Water Fund, the Airport Fund, and the Golf Fund.
  2. Internal Service Funds - Internal Service Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises except that they internally serve only other organizations within the city. The internal Service Fund included in this budget is the Fleet Services Fund.