HomeMy WebLinkAboutresolution.council.132-14 RESOLUTION NO. 132
(SERIES OF 2014)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2015 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, 2015 and ending December 31, 2015; 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 15a'
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 forthepublic 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 amount to be appropriated
for expenditure, and estimated revenues, for each accounting fund for the calendar year of
2015,
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado for fiscal year 2015,attach hereto as Exhibit A and incorporated herein by this reference,
is hereby adopted. All constituted appropriations amounting to $124,206,420, and estimated
revenues amounting to $123,465,148, 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, 2015 and ending December 31, 2015, as required pursuant to
29-1-103 (2), C.R.S.
Adopted this 10th,day of November 2014 �r
seven Skadron, Mayor
I, Linda Manning, duly appointed and acting City Clerk of the City of A�en,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 10th day of November, 2014.
Linda Manning, City erk
2015 Proposed Budget-3
Forecasted Total 2015 Total 2015 2015 Ending
Fund Name Opening Balance Revenue Budget Expenditure Budget Balance
General Governmental Fund
General Fund $19,162,955 $27,404,720 $37,895,250 $8,672,425
Subtotal General Gov't Funds $19,162,955 $27,404,720 $37,895,250 $8,672,425
Special Revenue Governmental Funds
Parks and Open Space Fund $5,746,407 $10,532,940 $11,999,840 $4,279,507
Wheeler Opera House Fund * $27,538,223 $4,326,698 $6,412,920 $25,452,001
City Tourism Promotion Fund $211,198 $2,899,800 $3,110,880 $118
Public Education Fund $0 $2,222,000 $2,222,000 $0
Transportation Fund $4,076,547 $3,191,420 $3,352,320 $3,915,647
Housing Development Fund $762,733 $15,575,090 $6,134,990 $10,202,833
Kids First Fund $4,069,580 $1,853,300 $1,925,740 $3,997,140
Stormwater Fund $2,479,820 $1,060,650 $1,646,540 $1,893,930
Subtotal Special Revenue Funds $44,884,508 $41,661,898 $36,805,230 $49,741,176
Debt Service Governmental Fund
Debt Service Fund $189,117 $3,777,830 $3,781,400 $185,547
Subtotal Debt Service Fund $189,117 $3,777,830 $3,781,400 $185,547
Capital Projects Governmental Funds
Asset Management Plan Fund $5,752,668 $16,785,800 $11,675,550 $10,862,918
Subtotal Capital Fund $5,752,668 $16,785,800 $11,675550 $10,862,918
Enterprise Proprietary Funds
Water Utility Fund $1,663,780 $7,451,400 $6,975,120 $2,140,060
Electric Utility Fund $4,229,198 $8,074,100 $8,580,850 $3,722,448
Parking Fund $1,313,804 $3,798,960 $4,008,210 $1,104,554
Golf Course Fund $187,885 $2,022,410 $1,972,480 $237,815
Truscott Housing Fund $894,061 $2,225,900 $2,771,800 $348,161
Marolt Housing Fund $218,130 $936,230 $988,040 $166,320
Subtotal Enterprise Funds $8,506,858 $24,509,000 $15,296,500 $7,719,358
Internal Proprietary Funds
Employee Health Insurance Fund $2,316,419 $4,682,100 $4,936,600 $2,061,919
Employee Housing Fund $4,047,325 $1,233,100 $447,110 $4,833,315
Information Technology Fund $209,733 $1,469,800 $1,469,770 $209,763
Subtotal Internal Service Funds $6,573,477 $7,385,000 $6,853,480 $7,104,997
Trust Fiduciary Funds
Housing Administration Fund $1,316,199 $1,872,780 $1,779,710 $1,409,270
Smuggl er Hous i ng Fu nd $298,063 $68,120 $119,300 $246,883
Subtotal Trust and Agency Funds $1,614,262 $1,940,900 $1,899,010 $1,656,151
ALL FUNDS $86,683,845 $123,465,148 $124,206,420 $85,942,57
Less Interfund Transfers $31,241,680 $31,241,680
NETAPPROPRIATIONS $86,683,845 $92,223,468 $92,964,740 $85,942,573
Wheeler balances are shown on an adjusted GAAP basis
2015 Proposed Budget-4