HomeMy WebLinkAboutresolution.council.121-19 RESOLUTION NO. 121
(SERIES OF 2019)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2020 TRUSCOTT PHASE II AFFORDABLE
HOUSING FUND AND ASPEN COUNTY INN AFFORDABLE HOUSING FUND,
WHICH ARE COMPONENT UNIT FUNDS OF THE CITY OF ASPEN,
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, 2020 and ending December 31, 2020; and
WHEREAS, the budget as submitted in Exhibit A sets forth the amount to be appropriated
for expenditure, and estimated revenues, for each accounting fund for the calendar year of
2020,
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado,Truscott Phase II Affordable Housing Fund for fiscal year 2020 is hereby adopted with
Appropriations amounting to $1,542,640, and estimated revenues amounting to $1,084,150.
Aspen Country Inn Affordable Housing Fund for fiscal year 2020 is hereby adopted with
Appropriations amounting to $367,310, and estimated revenues amounting to $426,160. Are
hereby declared to be sufficient and necessary to pay the expenses and certain indebtedness, and
provide for a reasonable fund balance at the close of the fiscal year beginning January 1, 2020
and ending December 31, 2020, as required pursuant to 29-1-103 (2), C.R.S.
Adopted this 26th, day of November 2019.
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Torre, Mayor
I, Linda Manning, 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 26th day of November 2019.
inda Manning City Clerk
Separate Component Unit Funds - Exhibit Q
Opening Revenue Expenditure Ending
Fund Name Balance Budget Budget Balance
Truscott Phase II Affordable Housing Fund $1,377,583 $1,084,150 $1,542,640 $919,093
ACI Affordable Housing Fund $31,587 $426,160 $367,310 $90,437