HomeMy WebLinkAboutordinance.council.018-2022ORDINANCE No. 18
(Series of 2022)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO APPROPRIATING
AN INCREASE IN 1) THE 2022 MUNICIPAL BUDGET; AND 2) THE 2022 BUDGET FOR TRUSCOTT
PHASE II AFFORDABLE HOUSING FUND WHICH IS A COMPONENT UNIT FUND OF THE CITY OF
ASPEN, AND AUTHORIZING APPROPRIATIONS PURSUANT THERE TO
WHEREAS, pursuant to article 9 of the Aspen Home Rule Charter, the Council shall adopt the
budget by resolution on or before the fiscal day established by law (December 15); and
WHEREAS, pursuant to same article 9 of the Aspen Home Rule Charter, allows for amendments
to the adopted budget via sections 9.7 and 9.12; and
WHEREAS, the revised budgets as submitted in Exhibits A & B sets forth the amounts to be
appropriated for expenditure, and estimated revenues, for each accounting fund for the calendar
year 2022,
SECTION 1:
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen, Colorado
for fiscal year 2022, attach hereto as Exhibit A and incorporated herein by this reference, is
hereby amended. All constituted appropriations amounting to $225,727,447, and estimated
revenues amounting to $190,778,213 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 ending December 31, 2022, as required pursuant to 29-1-103 (2), C.R.S.
SECTION 2:
NOW THEREFORE, be it resolved by City Council, that for fiscal year 2022, the budget for Truscott
Phase II Affordable Housing Fund is hereby amended with appropriations amounting to
$1,199,750 and estimated revenues amounting to $1,091,600; 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 ending December 31, 2022, as required
pursuant to 29-1-103 (2), C.R.S.
INTRODUCED, READ, APPROVED AND ORDERED PUBLISHED AND/OR POSTED ON FIRST
READING on the 15th day of November 2022.
A public hearing on the ordinance shall be held on the 29th day of November 2022, in the City
Council Chambers, City Hall, Aspen, Colorado.
ATTEST:
Nicole Henning, City Clerk
Torre, Mayor
FINALLY ADOPTED AFTER PUBLIC HEARING on the 29th day of November 2022.
ATTEST:
C
1
Nicole Henning, City Clerk
Approved as to Form:
Jim True, City Attorney
70W,.-- -
Torre, Mayor
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