HomeMy WebLinkAboutresolution.council.108-08RESOLUTION NO. 108
(SERIES OF 2008)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2009 MUNICIPAL BUDGET AND
AUTHORIZING APPROPRIATIONS PURSUANT THERE TO
WHEREAS, the City Manager, designated by Charter to prepare the budget, has
prepared and submitted to the Mayor and City Council the Annual Budget for the City of
Aspen, Colorado for the fiscal year beginning January 1, 2009 and ending December 31,
2009; and
WHEREAS, in accordance with Section 9.8 of the Home Rule Charter, the
Council shall adopt the budget by Resolution on or before the final day established by
law as December 15th for certification of the ensuing year's tax levy to the county; and
WHEREAS, Article 9 of the Aspen Home Rule Charter requires the adoption of
an annual budget with the opportunity for the public to participate at a public hearing at
least 15 days prior to the statutory deadline for certification of the ensuing year's tax levy
to the county, it is the intent of the Council by adoption of this budget to follow the
requirements of City Charter; and
WHEREAS, the budget as submitted in Exhibit A sets forth the estimated fiscal
data of appropriated expenditures and estimated revenues for the calendar year of 2009.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
SECTION 1
That the budget for the City of Aspen, Colorado for the fiscal year 2009 as submitted in
attachment hereto as Exhibit A and incorporated herein by this reference, be and is
hereby adopted, which option all constituted appropriations of the amounts specified
therein as expenditures amounting to $102,280,120, and the estimated budget revenue
requirements of $99,159,260, both in Exhibit A, is hereby declared to be the amount of
revenue necessary to be raised by the tax levy and income from all other sources not
inclusive of fund balance at the beginning of the year of $36,672,402, for total revenues
of $135,831,662 to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2009 and ending
December 31, 2009.
SECTION 2
That the City Council hereby authorizes and directs the City Manager to enter into such
contracts and execute such documents on behalf of the City as maybe necessary and
customary to expend the funds appropriated for all capital acquisitions within its budget,
and that Council further directs the City Manager to inform it of such contracts and
documents promptly at its regularly scheduled Council meetings.
Adopted this 24th, day of November 2008
- ~z 0~
Michael C. Ireland, Mayor
I, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a true and accurate copy of the
Resolution adopted by the City Council at its meeting held on the 24th day of November,
2008.
Kathryn Koc City Clerk
Exhibit A
Total City of Aspen 2009 Appropriations by Fund
Total
Beginning Fund Total Current Expenditures 8~ 2009 Ending
Fund Name Balance Revenue Budget Transfers Out Balance
General Government Funds
Asset Management Plan $115,523 $3,606,270 $3,492,440 _ $229,353
General Fund $7.413.216 $24 979 840 $24 970.840 $7.422.216
Subtotal General Gov't Funds: $7,528,739 $28,586,110 $28,463,280 $7,651,569
~~P~~al Revenue Funds
Parks and Open Space $2,037,927
__ $9,303,700 $9,929,530
_ $1,412,097
__
Wheeler Opera House $1,268,830 $7,425,860 $3,806,490 $_4,888,200
Lodging Tax Fund $0 $1,251,000 $1,251,000 $0
__
Transportation Fund $1,175,000 $2,127,190 $3,225,270 $76,920
Housing Development $317,616 $9,837,490 $7,645,460 $2,509,646
Early Childhood Educ. Initiative -
AVCF
$162,966
$459,470
$439,360
$183,076
-- - - -
Kids First /Yellow Brick
$4,412,863
$1,854,560
$2,179,090
$4,088,333
Storm Water Fund $1.152.809 X1.446.150 $1.203.470 $1.395.488
Subtotal Special Rev. Funds: $10,528,011 $33,705,420 $29,679,670 $14,553,761
__ _ __
Debt Service Funds
Debt Service Fund 1 0 $3.344.850 $3.342.630 1 2 2
Subtotal Debt Service Funds: $190,000 $3,344,850 $3,342,630 $192,220
Parks Capital Improvement Fund
Parks Capital Improvement Fund 14 11 $3 156.910 $4.071.020 $4
Subtotal Parks Cap. Imp. Fund: $914,110 $3,156,910 $4,071,020 $0
Enterprise Funds
-- - --
Water Utility
$6,399,005
$6,249,330
$7 703,550
$4,944,785
Electric Utility $1,383,311 $7 265,530 $7,541,050 _ $1,107,791
--
Renewable Energy Fund
$3,816,305
$2,405,100
$5,865,200
$356,205
Parking Fund $2,025,000 $4,426,750 $6,185,150 $266,600
- - -
Municipal Golf Course
$61,514
$1,347,460
$1,282,470
$126,504
Truscott Housing $519,313 $1,809,590 $1,577,370 $751,533
Marolt Housing $1.246.056 $1.240.840 $1 477.680 $1.009.216
Subtotal Enterprise Funds: $15,450,504 $24,744,600 $31,632,470 $$,562,34
$0
Internal Service Funds
Health Ins. Internal Service Fund $800,000 $3,648,880 $3,624,390 $824,490
City Employee Housing Fund $1.946.666 $$$~ 9,~Q $~1Q.$44 X2.619.766
Subtotal Internal Service Funds: $2,746,666 $4,532,780 $3,835,190 $3.444 256
Trust 8~ Agency Funds
Housing Authority $940,331 $1 023,190 $1,194,770 $768,751
Smuggler Mountain Fund 7 7 $65.400 ~1 Q9Q 2 17
Subtotal Trust 8~ Agency Funds: $1,261,038 $1,088,590 $1,255,860 $1.093.768
ALL FUNDS: $36,672,402 $99,159,260 $102,280,120 $33,551,542
Less Inter-fund Transfers $23,475,680 $23,475,680
EQUALS NET ALL FUNDS __- _ _ __ _ _ __ _ _ _-- -- _ -- _ --- -
APPROPR/ATIONS: $36,672,402 $75,683,580 $78,804,440 $33,551,54