HomeMy WebLinkAboutresolution.council.149-23RESOLUTION NO. 149
(SERIES OF 2023)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING 1) THE 2024 MUNICIPAL BUDGET; AND 2) THE 2024
BUDGETS FOR TRUSCOTT PHASE II AFFORDABLE HOUSING FUND,
ASPEN COUNTY INN AFFORDABLE HOUSING FUND, AND ASPEN MINI STORAGE
WHICH ARE COMPONENT UNIT FUNDS OF THE CITY OF ASPEN, 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, 2024 and ending December 31, 2024; 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 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 of 2024,
SECTION 1:
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado for fiscal year 2024, attached hereto as Exhibit A and incorporated herein by this
reference, is hereby adopted. All constituted appropriations amounting to $185,520,661, and
estimated revenues amounting to $191,032,576, 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, 2024 and ending December 31, 2024, as required
pursuant to 29.1-103 (2), C.R. S.
SECTION 2:
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado, attached hereto as Exhibit B, Truscott Phase II Affordable Housing Fund for fiscal year
2024 is hereby adopted with appropriations amounting to $1,383,860, and estimated revenues
amounting to $1,216,580. Aspen Country Inn Affordable Housing Fund for fiscal year 2024 is
hereby adopted with appropriations amounting to $471,680, and estimated revenues amounting
to $435,170. Aspen Mini Storage Fund for fiscal year 2024 is hereby adopted with appropriations
amounting to $166,400, and estimated revenues amounting to $165,000. 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, 2024, and ending
December 31, 2024, as required pursuant to 29-1-103 (2), C.R. S.
Adopted this 28th, day of November 2023
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 28th day of November 2023.
Itww 14%�A
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Nicole Henning, City Clerk
Exhibit A - 2024 Appropriation by Fund
Opening Ending
Fund Name Balance Revenues Expenditures Balance
001 -General Fund
100 - Parks and Open Space Fund
120 -Arts &Culture Fund
130 - Tourism Promotion Fund
131 - Public Education Fund
132 - REMP Fund
141 - Transportation Fund
150 -Housing Development Fund
152 - Kids First Fund
160 - Stormwater Fund
250 - Debt Service,, -Fund
000 -Asset Management Plan Fund
421 -Water Utility Fund
431 - Electric Utility Fund
451 - Parking Fund
471 - Golf Course Fund
491 - Truscott I Housing Fund
492 - Marolt Housing Fund
501 - Employee Benefits Fund
505 - Employee Housing Fund
510 - Information Technology Fund
$35,675,570
$10,820,547
$46,155,504
$287,921
$2,112,782
$22,3 85,260
$63,375,936
$7,264,928
$2,484,944
$305,865
$26,705,817
$8,894,030
$5,605,303
$5,063,015
$1,441X4
$8881369
$1,763,608
$1,392,490
$5,569,386
$4601334
$47,116,370
$21,013,300
$9,422,740
$4,557,828
$4,485,360
$876,400
$6,542,250
$23,109,000
$4,532,200
$1,843,800
$6,052,870
$8,631,656
$12,454,020
$14,024,3 00
$4,923,500
$3,323,372
$1,521,850
$1,6971460
$7,492,900
$4,156,800
$3,254,600
$47,532,555
$21,3 84,174
$8,241,541
$4,545,750
$4,485,360
$1,516,900
$6,052,566
$17,030,798
$3,553,482
$1,926,735
$6,055,970
$10,100,3 70
$12,731,044
$14,6191558
$4,856,239
$3,035,153
$1,337,406
$2,1951586
$7,925,400
$3,151,220
$3,242,854
$35,259,385
$10,449,673
$47,336,703
$29%999
$1,472,282
$22,874,944
$69,454,138
$8,243,646
$2,402,009
$302,765
$25,237,103
$8,617,006
$5,010,045
$5,130,276
$1,729,273
$1,072,813
$1,265,482
$959,990
$6,574,966
$472,080
Total Gross Appropriations $248,652,663 �191,032,576 $185,520,661 $254,164,578
Transfers
Total Net Appropriations
;$31,309,050)
$15997239526
;$31,309,050)
$154,211,611
Exhibit B -Component Unit Funds
Fund Name
Truscott Phase II Affordable Housing Fund
ACI Affordable Housing Fund
Opening
Balance Revenues
$567,109 $1,216,580
$228,985 $43 5,170
Expenditures
$1,383,860
$471,680
Ending
Balance
$39%829
$192,475
Aspen Mini Storage $2306 $165,000 $166,400 $22,486