HomeMy WebLinkAboutresolution.council.133-25RESOLUTION NO. 133
(SERIES OF 2UAL 5)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING 1) THE 2026 MUNICIPAL BUDGET; AND 2) THE 2026
BUDGETS FOR TRUSCOTT PHASE II AFFORDABLE HOUSING FUND AND
ASPEN COUNTY INN AFFORDABLE HOUSING FUND, 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, 2026, and ending December 31, 2026; 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 15tn
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, and
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 set forth the amounts to be
appropriated for expenditure, and estimated revenues, for each accounting fund for the calendar
year of 2026.
SECTION 1:
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado for fiscal year 2026, attached hereto as Exhibit A and incorporated herein by this
reference, is hereby adopted. All constituted appropriations amounting to $339,866,705, and
estimated revenues amounting to $230,382,150, 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, 2026, and ending December 31, 2026, 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
2026 is hereby adopted with appropriations amounting to $2,151,674, and estimated revenues
amounting to $1,132,190. Aspen Country Inn Affordable Housing Fund for fiscal year 2026 is
hereby adopted with appropriations amounting to $474,850 and estimated revenues amounting to
$443,000. 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, 2026, and ending December 31, 2026, as required pursuant to 29-1-103 (2),
C.R.S.
RESOLVED, APPROVED, AND ADOPTED FINALLY by the City Council of the City of
Aspen on this 1 lth, day of November 2025,
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 1 Ith day of November 2025.
IJ�p4/�
Nicole Henning, C�i'ty Clerk
Exhibit A - 2026 Appropriation by Fund
Opening Ending
Fund Name Balance Revenues Exaenditures Balance
001-General Fund $50,796,316 $53,056,489 $65,163,898 $38,688,907
100-Parks and Open Space Fund $5,074/850 $22,800,126 $21,631,294 $6,243,682
120-Arts & Culture Fund $53,493,258 $12,561,276 $13,654,581 $52,399,953
130-Tourism Promotion Fund $297,175 $4,532,250 $4,532,250 $297,175
131-Public Education Fund $2,198 $5,048,760 $5,048,760 $2,198
132-REMP Fund $3,681,535 $980,460 $2,801,825 $1,860,170
141-Transportation Fund $24,600/431 $7,669,045 $6,606,662 $25,662,814
150-Housing Development Fund $132,305,587 $31,327,289 $11312831718 $50,349,158
152-Kids First Fund $11,951,012 $5,172,687 $4,448,878 $12,674,821
160-Stormwater Fund $3,980,091 $2,571,266 $3,164,726 $3,386,631
250-Debt Service Fund $305,518 $3,650,960 $3,651,470 $305,008
000-Asset Management Plan Fund $21,589,581 $19,102,930 $20,9541500 $19,738,011
421-Water Utility Fund $22,964,458 $15,765/215 $28,729,028 $10,000,645
431-Electric Utility Fund $7,130,937 $15,176,216 $16,400,108 $5,907,045
451-Parking Fund $9,105,347 $5,832,890 $6,196,144 $8,742,093
471-Golf Course Fund $3,154,675 $3,692,061 $4,255,368 $2,591,368
491-Truscott I Housing Fund $1,370,016 $1,602,969 $1,415,261 $1,557,724
492-Marolt Housing Fund $2,059,320 $1,816,975 $1,827,517 $2,048,778
501-Employee Benefits Fund $1,690,515 $9,653,061 $9,747,778 $1,595,798
505-Employee Housing Fund $7,380/423 $4,793,815 $2,487,807 $9,686,431
510-Information Technology Fund $732,883 $3,575,410 $3,865/135 $443,158
Total Gross Appropriations $363,666,126 $230,382,150 $339,866,705 $254,181,570
Transfers
Total Net Appropriations
($43,428,362)
($43,428,362)
Exhibit B - C®rU�pon�r�t lJni�: G�unds
Opening
Fund Name Balance Revenues Exaenditures
641-Truscott II Affordable Housing Fund $1,104,718 $1,132,190
642-ACI Affordable Housing Fund $223,354 $443,000
$2,151,674
$474,850
Ending
Balance
$85,234
$191,504