HomeMy WebLinkAboutresolution.council.107-12 RESOLUTION NO. 107
(SERIES OF 2012)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2013 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, 2013 and ending December 31,
2013; 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 2013.
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 2013 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 $106,459,270, and the estimated budget revenue
requirements of$94,594,225 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$77,413,577 for total revenues of
$172,007,802 to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2013 and ending
December 31, 2013.
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 26, day of November 2012
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 26 day of November,
2012.
4
Kathryn Ko , City CIA
Exhibit A
TOTAL CITY OF ASPEN 2013 APPROPRIATIONS BY FUND
Forecasted
Opening Total 2013 Total 2013 2013 Ending
Fund Name Balance Revenue Budget Expenditure Budget Balance
General Governmental Fund
General Fund $10,343,766 $23,065,300 $22,335,200 $11,073,866
Subtotal General Gov't Funds $10,343,766 $23,065,300 $22,335,200 $11,073,866
Special Revenue Governmental Funds
Parks and Open Space Fund $6,053,591 $9,533,630 $11,517,770 $4,069,451
Wheeler Opera House Fund* $26,703,173 $3,999,975 $6,391,800 $24,311,348
City Tourism Promotion Fund $198,210 $2,368,800 $2,567,010 $0
Transportation Fund $3,714,668 $2,099,500 $2,170,480 $3,643,688
Housing Development Fund $7,590,807 $11,760,900 $19,322,000 $29,707
Kids First Fund $3,696,694 $1,639,050 $1,663,450 $3,672,294
Stormwater Fund $2,307,045 $1,221,800 $1,212,010 $2,316,835
Subtotal Special Revenue Funds $50,264,188 $32,623,655 $44,844,520 $38,043,323
Debt Service Governmental Fund
Debt Service Fund $183,865 $3,451,170 $3,456,080 $178,955
Subtotal Debt Service Fund $183,865 $3,451,170 $3,456,080 $178,955
Capital Projects Governmental Funds
Asset Management Plan Fund $2,534,545 $4,077,700 $3,051,200 $3,561,045
Subtotal Capital Fund $2,534,545 $4,077,700 $3,051,200 $3,561,045
Enterprise Proprietary Funds
Water Utility Fund $3,498,816 $6,259,000 $7,157,330 $2,600,486
Electric Utility Fund $1,282,215 $7,465,900 $7,247,880 $1,500,235
Renewable Energy Fund $1,229,983 $7,400 $380,600 $856,783
Parking Fund $1,496,594 $3,174,400 $4,337,890 $333,104
Golf Course Fund $25,546 $1,885,200 $1,778,500 $132,246
Truscott Housing Fund $1,443,082 $1,096,500 $1,702,460 $837,122
Marolt Housing Fund $70,715 $1,069,500 $1,116,220 $23,995
Subtotal Enterprise Funds $9,046,951 $20,957,900 $23,720,880 $6,283,971
Internal Proprietary Funds
Employee Health Insurance Fund $1,179,190 $4,562,900 $4,535,000 $1,207,090
Employee Housing Fund $2,201,930 $1,282,900 $221,120 $3,263,710
Information Technology Fund $116,943 $2,563,300 $2,660,200 $20,043
Subtotal Internal Service Funds $3,498,063 $8,409,100 $7,416,320 $4,490,843
Trust Fiduciary Funds
Housing Administration Fund $1,262,612 $1,948,900 $1,596,600 $1,614,912
Smuggler Housing Fund $279,587 $60,500 $38,470 $301,617
Subtotal Trust and Agency Funds $1,542,199 $2,009,400 $1,635,070 $1,916,529
ALL FUNDS $77,413,577 $94,594,225 $106,459,270 $65,548,532
Less Interfund Transfers $16,844,510 $16,844,510
NETAPPROPRIATIONS $77,413,577 $77,749,715 $89,614,760 $65,548,532
*Wheeler balances are shown on an adjusted GAAP basis