HomeMy WebLinkAboutresolution.council.094-20 RESOLUTION NO. 94
(SERIES OF 2020)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2021 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, 2021 and ending December 31, 2021; 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
2021,
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 2021 is hereby adopted with
Appropriations amounting to $1,328,880, and estimated revenues amounting to $1,162,180.
Aspen Country Inn Affordable Housing Fund for fiscal year 2021 is hereby adopted with
Appropriations amounting to $359,810, and estimated revenues amounting to $373,020. That all
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 1,2021
and ending December 31, 2021, as required pursuant to 29-1-103 (2), C.R.S.
Adopted this 24th, day of November 2020.
Torre, Mayor
I,Nicole Henning, 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 2020.
Nicole Henn n , City Clerk
Separate Component Unit Funds - Exhibit A
Opening Revenue Expenditure Ending
Fund Name Balance Budget Budget Balance
Truscott Phase II Affordable Housing Fund $535,004 $1,162,180 $1,328,880 $368,304
ACI Affordable Housing Fund $116,253 $373,020 $359,810 $129,463
Total $651,257 $1,535,200 $1,688,690 $497,767