HomeMy WebLinkAboutordinance.council.046-87 ORDINANCE NO. ~/~
(Series of 1987)
AN ORDINANCE RECOGNIZING GENERAL FUND REVENUES OF $50 ,000;
APPROPRIATING GENERAL FUND EXPENDITURES OF $188,100; REDUCING
GENERAL FUND EXPENDITURES OF $9,000; RECLASSIFYING PREVIOUSLY
APPROVED EXPENDITURES WITHIN THE GENERAL FUND OF $35,100;
REVERSING A TRANSFER OF $17,000 FROM THE GENERAL FUND TO THE
SMUGGLER SPECIAL ASSESSMENT FUND; TRANSFERRING $17,000 FROM THE
GENERAL FUND TO THE SMUGGLER DEBT SERVICE FUND; TRANSFERRING
$85,000 FROM THE GENERAL FUND TO THE LODGE AREA SPECIAL IMPROVE-
MENT DISTRICT CAPITAL PROJECTS FUND; RECOGNIZING LAND FUND
REVENUES OF $1,675,000; APPROPRIATING LAND FUND EXPENDITURES OF
$1,379,300; TRANSFERRING $45,000 FROM THE LAND FUND TO THE 1987
SALES TAX REFUNDING REVENUE DEBT SERVICE FUND; RECOGNIZING
WHEELER TRANSFER TAX FUND REVENUES OF $15,000; APPROPRIATING
WHEELER TRANSFER TAX FUND EXPENDITURES OF $15,000; RECOGNIZING
ASSET REPLACEMENT FUND REVENUES OF $82,825; APPROPRIATING ASSET
REPLACEMENT FUND EXPENDITURES OF $82,375; TRANSFERRING $15,400
FROM THE ASSET REPLACEMENT FUND TO THE GENERAL FUND; RECOGNIZING
1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND REVENUES OF
$7,895,000; APPROPRIATING 1985 SALES TAX REFUNDING REVENUE DEBT
SERVICE FUND EXPENDITURES OF $7,900,000; TRANSFERRING $349,000
FROM THE 1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND TO
THE 1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND; APPROP-
RIATING 1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
EXPENDITURES OF $144,000; RECOGNIZING SMUGGLER DEBT SERVICE FU~.TD
REVENUES OF $71,000; APPROPRIATING SMUGGLER DEBT SERVICE FUND
EXPENDITURES OF $88,000; REDUCING SMUGGLER SPECIAL IMPROVEM~qNT
DISTRICT REVENUES OF $71,000; REDUCING SMUGGLER SPECIAL IMPROVE-
MENT DISTRICT EXPENDITURES OF $88,000; APPROPRIATING LODGE ARA
SPECIAL IMPROVEMENT DISTRICT CAPITAL PROJECTS FUND EXPENDITURES
OF $75,000; RECOGNIZING WATER FUND REVENUES OF $86,000; REVERSII~G
A TRANSFER OF $4,000 FROM THE WATER FUND TO THE GENERAL FUND;
RECOGNIZING ELECTRIC FUND REVENUES OF $575,400; APPROPRIATING
ELECTRIC FUND EXPENSES OF $384,500; REVERSING A TRANSFER OF
$5,000 FROM THE ELECTRIC FUND TO THE GENERAL FUND; RECOGNIZING
GOLF COURSE FUND REVENUE OF $3,100; APPROPRIATING GOLF COURSE
FUND EXPENSES OF $80 ,000; RECOGNIZING POLICE PENSION FUND
REVENUE OF $96,300; APPROPRIATING POLICE PENSION FUND EXPEND-
ITURES OF 15,000;
WHEREAS, by virtue of Section 9.12 of the Home Rule Charter,
the City Council may make supplemental appropriations; and
WHEREAS, the City Manager has certified that the City has
unappropriated current year revenues available for appropriation
in the General Fund; Land Fund; Wheeler Transfer Tax Fund; Asset
Replacement Fund; 1985 Sales Tax Refunding Revenue Debt Service
Fund; 1987 Sales Tax Refunding Revenue Debt Service Fund;
Smuggler Debt Service Fund; Smuggler Special Improvement Fund;
Lodge Area Special Improvement District Capital Projects Fund;
Water Fund; Electric Fund; Golf Course Fund; and Police Pension
Fund; and unappropriated prior year fund balance available in .h~
General Fund; and
WHEREAS, the City Council is advised that certain expendi-
tures, revenues and transfers must be approved,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
Upon the City Manager's certification that there are current
year revenues available for appropriation in the General Fund,
Land Fund, Wheeler Transfer Tax Fund, Asset Replacement Fund,
1985 Sales Tax Refunding Revenue Debt Service Fund, 1987 Sales
Tax Refunding Revenue Debt Service Fund, Smuggler Debt Service
Fund, Smuggler Special Improvement District Fund, Lodge Area
Special Improvement District Capital Project Fund, Water Fund,
Electric Fund, Police Pension Fund, and unappropriated prior year
fund balance in the General Fund, the City Council hereby makes
supplemental appropriations as itemized in Exhibit "A" attached.
Section 2
If any section, subsection, sentence, clause, phrase or
portion of this ordinance is for any reason held invalid or
unconstitutional by any court of competent jurisdiction, such
portion shall be deemed a separate, distinct and independent
provision and such holding shall not affect the validity of the
remaining portion thereof.
Section 3
A public hearing on the ordinance shall be held on the
%J~ day of ~d~~J , 1987, at 5:00 p.m. in the
City Council Chamber, Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided by law by the
City Council of the City of Aspen, Colorado, at its regular
meeting held at the City of Aspen, J~tJ /'~2___, 1987.
William Stirling, Mayor
ATTEST:
Kathryn Koch, City Clerk
FINALLY adopted, passed and approved on the ~<-'/day of
__,
William Stifling, Mayor
=/~_ ATTEST:
Kathryn Koch, City Clerk
E X H I B I T "A"
GENERAL FUND
Revenue s
City Council
PUD agreement (Hadid) (25,000)
Finance
Aspen Foundation (1,000)
Police
Sale of fixed asset (5,000)
Auction revenue (13,000)
Pitkin County (2,500)
Parks
Contribution (3,500)
Total Revenues (50,000)
Expenditures
Contributions
ARA economic study 1,100
(contingency funds)
Coors Classic 5,000
(contingency funds)
Vietnam veterans 2,000
(contingency funds)
City Council
Reclassify contingency
funds (35,100)
Ruby Park improvements 25,000
(PUD agreement)
Water tap fees 86,000
(aspen valley hospital)
City Manager
GRIP consolidation 3,000
(contingency funds)
Temporary staff 5,000
(pay for performance)
Exhibit "A" cont.
Finance
Temporary staff 1,000
(Aspen Foundation)
Contracted Services (9,000)
(accounting entry/reversal)
Engineering
Land slide study 47,100
Ruby park improvements 18,500
(contingency funds)
Trolley cars 5,500
(contingency funds)
Police
Education and training 5,000
(sale of fixed asset)
Overtime 15,500
(auction revenue and Pitco)
Parks
Wild flowers 3,500
Total Expenditures 179,100
Transfers
From Asset Replacement Fund (15,400)
(reimbursement for 1986
Environmental Health equip.)
From Smuggler Special Assessment
Fund (17,000)
(accounting entry/close fund)
To Smuggler Debt Service Fund 17,000
To Lodge Area Special Improvement
District Capital Projects Fund 85,000
To Water Fund 4,000
(reverse transfer to Finance
department)
To Electric Fund 5,000
(reverse transfer to Finance
department)
Total Transfers 78,600
Exhibit "A" cont.
LAND FUND
Revenue s
Note Revenue (600,000)
(bond refunding)
Note Revenue (1,075,000)
(Zoline property)
Total Revenues (1,675,000)
Expenditures
Moore pool repairs 2,700
Bass Park 1,600
(Property tax reimbursement)
Zoline property 1,375,000
Total Expenditures 1,379,300
Transfers
To 1987 Sales Tax Revenue
Refunding Debt Service Fund 45,000
(bond refunding)
Total Transfers 45,000
WHEELER TRANSFER TAX FUND
Revenues
Contributions (15,000)
(air conditioning)
Total Revenues (15,000)
Expenditures
Construction fees 15,000
(air conditioning)
Total Expenditures 15,000
Exhibit "A" cont.
ASSET REPLACEMENT FUND
Revenue s
Planning (1,375)
(accounting entry/Pitco)
Environmental Health (450)
(accounting entry/Pitco)
Data Processing (81,000)
(accounting entry/Pitco)
Total Revenues (82,825)
Expenditures
Planning 1,375
(accounting entry/pitco)
Data Processing 81,000
(accounting entry/pitco)
Total Expenditures 82,375
Transfers
To General Fund 15,400
(reimbursement for 1986
Environmental Health equip.)
Total Transfers 15,400
1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Revenue s
Bond Proceeds (7,895,000)
(bond refunding)
Total Revenues (7,895,000)
Expenditures
Refunding expense 7,900,000
Total Expenditures 7,900,000
Transfers
To 1987 Sales Tax Revenue
Refunding Debt Service Fund 349,000
(bond refunding)
Total Transfers 349,000
Exhibit "A" cont.
ASSET REPLACEMENT FUND
Revenue s
Planning (1,375)
(accounting entry/Pitco)
Environmental Health (450)
(accounting entry/Pitco)
Data Processing (81,000)
(accounting entry/Pitco)
Total Revenues (82,825)
Expenditur es
Planning 1,375
(accounting ent ry/pitco)
Data Processing 81,000
(accounting entry/pitco)
Total Expenditures 82,375
Transfers
To General Fund 15,400
(reimbursement for 1986
Environmental Health equip.)
Total Transfers 15,400
1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Rev en ue s
Note Revenue (7,895,000)
(bond refunding)
Total Revenues (7,895,000)
Expenditures
Refunding expense 7,900,000
Total Expenditures 7,900,000
Transfers
To 1987 Sales Tax Revenue
Refunding Debt Service Fund 349,000
(bond refunding)
Total Transfers 349,000
Exhibit "A" cont.
1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Expenditures
Debt Service 144,000
(bond refunding)
Total Expenditures 144,000
Transfers
From Land Fund (45,000)
(bond refunding)
From 1985 Sales Tax Refunding
Revenue Debt Service Fund (349,000)
(bond refunding)
Total Transfers (394,000)
SMUGGLER DEBT SERVICE FUND
Revenues
Residents share (71,000)
Total Revenues (71,000)
Expenditures
Debt service 88,000
Total Expenditures 88,000
Transfers
From General Fund (17,000)
(city share)
Total Transfers (17,000)
Exhibit "A" cont.
SMUGGLER SPECIAL IMPROVEMENT DISTRICT FUND
Revenues
Residents share 71,000
(accounting entry/close fund)
Total Revenues 71,000
Expenditures
Debt service (88,000)
(accounting entry/close fund)
Total Expenditures (88,000)
Transfers
To General Fund 17,000
(accounting entry/close fund)
Total Transfers 17,000
LODGE AREA SPECIAL IMPROVEMENT DISTRICT CAPITAL PROJECTS FUND
Expenditures
Professional fees 75,000
Total Expenditures 75,000
Transfers
From General Fund (85,000)
Total Transfers (85,000)
WATER FUND
Revenue s
Water tap fees (86,000)
(aspen valley hospital)
Total Revenues (86,000)
Transfers
From General Fund (4,000)
(reverse transfer to Finance
depa r tment )
Total Transfers (4,000)
Exhibit "A" cont.
ELECTRIC FUND
Revenue s
Maroon Creek hydro (525,000)
(bond proceeds)
Ruedi
Sales (48,000)
(accounting entry)
City share of profit (2,400)
Total Revenues (575,400)
Expenses
Professional fees 3,500
(debt service management)
Maroon Creek hydro project 115,000
Purchased power 226,000
Ruedi
Operating expense 40,000
(accounting entry)
Total Expenses 384,500
Transfers
From General Fund (5,000)
(reverse transfer to finance
depa r tment )
Total Transfers (5,000)
GOLF COURSE FUND
Revenue s
Interest income (3,100)
(bond refunding)
Total Revenues (3,100)
Expenses
Loss on Refunding 80,000
(bond refunding)
Total Expense 80,000
Exhibit "A" cont.
POLICE PENSION FUND
Revenues
Investment interest (44,500)
Employee contribution (51,800)
(accounting entry)
Total Revenues (96,300)
Expenses
Withdrawals 15,000
Total Expenses 15,000