HomeMy WebLinkAboutresolution.council.076-11 RESOLUTION NO. 440
(SERIES OF 2011)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2012 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, 2012 and ending December 31,
2012; 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 2012.
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 2012 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 $95,193,540, and the estimated budget revenue
requirements of $93,072,954 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 $73,087,693 for total revenues of
$166,160,647 to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2012 and ending
December 31, 2012.
SECTION 2
That the City Council hereby authorizes and directs the City Manager to enter into such
contracts and execute such documents on behalf of the City as may be necessary and
customary to expend the funds appropriated for all capital acquisitions within its budget,
and that Council further directs the City Manager to inform it of such contracts and
documents promptly at its regularly scheduled Council meetings.
Adopted this 14, day of November 2011
Mic ae . Ire !, Mayor '
I, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a true and accurate copy of the
Resolution adopted by the City Council at its meeting held on the 14 day of November,
2011. / %
td,
Kathryn Koch, ity Clerk
Exhibit A
- TOTAG: GTYOFPSPEN2012A [ON$BY FUND .E ,.
Forecasted Total Current Total Current 2012 Ending
Fund Name Fund Balance Revenue Budget Expenditure Budget Balance
General Governmental Fund
General Fund $9,236,335 521,891,500 521,944,400 59,183,435
Subtotal General Gov't Funds $9,236,335 $21,891,500 $21,944,400 $9,183,435
Special Revenue Governmental Funds
Parks and Open Space Fund 51,708,588 513,020,000 510,743,800 $3,984,788
Wheeler Opera House Fund * 526,650,177 54,232,494 53,521,200 527,361,471
City Tourism Promotion Fund 5121,980 52,103,100 52,147,710 577,370
Transportation Fund 53,445,872 51,907,900 51,929,100 53,424,672
Housing Development Fund $9,597,254 57,365,000 510,814,500 56,147,754
Kids First Fund $3,299,957 51,874,300 52,014,800 $3,159,457
Stormwater Fund 52,648,990 51,589,500 51,536,600 52,701,890
Subtotal Special Revenue Funds $47,472,818 $32,092,294 $32,707,710 $46,857,402
Debt Service Governmental Fund
Debt Service Fund 5183,367 $3,608,460 53,610,730 5181,097
Subtotal Debt Service Fund $183,367 $3,608,460 $3,610,730 $181,097
Capital Projects Governmental Funds
Asset Management Plan Fund 51,985,746 53,236,900 53,087,000 52,135,646
Subtotal Capital Fund $1,985,746 $3,236,900 $3,087,000 $2,135,646
Enterprise Proprietary Funds
Water Utility Fund $4,327,049 56,070,100 $7,086,000 53,311,149
Electric Utility Fund 5915,175 57,437,500 57,691,900 $660,775
Renewable Energy Fund 52,551,816 $52,200 51,375,200 51,228,816
Parking Fund 51,279,016 53,466,100 53,317,600 51,427,516
Golf Course Fund 5169,102 51,973,000 51,922,100 $220,002
Truscott Housing Fund 51,173,392 51,793,400 51,530,700 51,436,092
Marolt Housing Fund $600,679 5851,600 51,197,700 $254,579
Subtotal Enterprise Funds $11,016,229 $21,643,900 $24,121,200 $8,538,929
Internal Proprietary Funds
Employee Health Insurance Fund $500,205 54,648,500 54,773,000 5375,705
Employee Housing Fund 51,169,820 51,266,100 5222,500 52,213,420
Information Technology Fund 516,116 53,103,800 53,103,600 516,316
Subtotal Internal Service Funds $1,686,141 $9,018,400 $8,099,100 $2,605,441
Trust Fiduciary Funds
Housing Administration Fund 51,338,699 51,530,000 51,586,100 51,282,599
Smuggler Housing Fund 5168,358 551,500 $37,300 5182,558
Subtotal Trust and Agency Funds $1,507,057 $1,581,500 $1,623,400 $1,465,157
ALL FUNDS 573,087,693 593,072,954 595,193,540 570,967,107
Less Interfund Transfers 518,148,800 518,148,800
NET APPROPRIATIONS $73,087,693 $74,924,154 $77,044,740 570,967,107