HomeMy WebLinkAboutresolution.council.096-10 RESOLUTION NO. 96
(SERIES OF 2010)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2011 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, 2011 and ending December 31,
2011; 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 15 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 2011.
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 2011 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 $84,837,680, and the estimated budget revenue
requirements of $86,943,310 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 $64,191,003 for total revenues of
$151,134,313 to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2011 and ending
December 31, 2011.
SECTION 2
That the City Council hereby authorizes and directs the City Manager to enter into such
contracts and execute such documents on behalf of the City as may be necessary and
customary to expend the funds appropriated for all capital acquisitions within its budget,
and that Council further directs the City Manager to inform it of such contracts and
documents promptly at its regularly scheduled Council meetings.
Adopted this 22, day of November 2010
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Michael C. rel�yor
I, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a true and accurate copy of the
Resolution adopted by the City Council at its meeting held on the 22 day of November,
2010.
fArnt 4
Kathryn Koch ity Clerk
Exhibit A
TOTAL CITYOFA$PEN 2011APPROPRIATION$ BI{FUND __....
Forecasted Total Current Total Current 2011 Ending
Fund Name Fund Balance Revenue Budget Expenditure Budget Balance
General Governmental Fund
General Fund $7,595,855 520,610,880 520,533,730 57,673,005
Subtotal General Gov't Funds $7,595,855 $20,610,880 $20,533,730 $7,673,005
Special Revenue Governmental Funds
Parks and Open Space Fund $1,967,227 $7,952,120 58,203,050 51,716,297
Wheeler Opera House Fund * 527,829,801 $3,759,730 55,813,540 $25,775,991
City Tourism Promotion Fund 50 51,961,960 51,915,980 545,980
Transportation Fund 52,526,820 52,348,140 51,963,750 52,911,210
Housing Development Fund 51,801,236 $6,429,060 52,096,340 56,133,957
Kids First Fund 53,662,528 51,779,480 51,981,750 53,460,258
Stormwater Fund 52,011,049 51,383,530 $1,585,290 $1,809,289
Subtotal Special Revenue Funds $39,798,661 $25,614,020 $23,559,700 $41,852,981
Debt Service Governmental Fund
Debt Service Fund 5185,089 53,304,450 53,308,880 5180,659
Subtotal Debt Service Fund $185,089 $3,304,450 $3,308,880 $180,659
Capital Projects Governmental Funds
Asset Management Plan Fund 52,337,105 53,243,880 53,582,040 51,998,944
Parks and Open Space Capital Fund 5288,280 51,515,360 51,803,640 $0
Subtotal Capital Fund $2,625,385 $4,759,240 $5,385,680 $1,998,944
Enterprise Proprietary Funds
Water Utility Fund 56,436,193 57,935,530 56,501,660 57,870,063
Electric Utility Fund 5798,517 57,291,040 56,748,120 51,341,437
Renewable Energy Fund 5590,859 5562,550 5966,500 5186,909
Parking Fund $1,615,742 52,683,560 53,088,310 51,210,991
Golf Course Fund 5255,399 51,683,300 51,674,890 5263,810
Truscott Housing Fund $1,192,097 51,741,820 51,791,690 51,142,228
Marolt Housing Fund 5817,244 5710,530 51,106,800 5420,975
Subtotal Enterprise Funds $11,706,051 $22,608,330 $21,877,970 $12,436,411
Internal Proprietary Funds
Employee Health Insurance Fund 5259,814 54,316,150 $4,540,050 535,914
Employee Housing Fund $444,421 5776,280 5559,490 5661,211
Information Technology Fund 50 53,392,970 53,392,560 5410
Subtotal Internal Service Funds $704,235 $8,485,400 $8,492,100 $697,535
Trust Fiduciary Funds
Housing Administration Fund 51,348,274 $1,509,800 51,614,890 51,243,184
Smuggler Housing Fund 5227,453 $51,190 $64,730 5213,913
Subtotal Trust and Agency Funds $1,575,727 $1,560,990 $1,679,620 $1,457,097
ALL FUNDS 564,191,003 586,943,310 $84,837,680 $66,296,633
Less lnterfund Transfers $18,603,150 $18,603,150
NET APPROPRIATIONS $64,191,003 $68,340,160 $66,234,530 $66,296,633
* Wheeler Balances shown GAPP basis adjusted