HomeMy WebLinkAboutordinance.council.060-87 ORDINANCE NO. ~O
(Series of 1987)
AN ORDINANCE RECOGNIZING GENERAL FUND REVENUES OF $57 ,000;
APPROPRIATING GENERAL FUND EXPENDITURES OF $73,000; RECLASSIFYING
PREVIOUSLY APPROVED EXPENDITURES WITHIN THE GENERAL FUND OF
$5,000; RECOGNIZING LAND FUND REVENUES OF $116,980; APPROPRIATING
LAND FUND EXPENDITURES OF $255,100; REVERSING A TRANSFER OF
$84,000 FROM THE LAND FUND TO THE 1985 SALES TAX REFUNDING
REVENUE DEBT SERVICE FUND; TRANSFERRING $84,000 FROM THE LAND
FUND TO THE 1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND;
RECOGNIZING TRANSPORTATION FUND REVENUES OF $20,000; TRANSFERRING
$20 ,000 FROM THE TRANSPORTATION FUND TO THE GENERAL FUND;
TRANSFERRING $40,000 FROM THE TRANSPORTATION FUND TO THE 1982
SALES TAX REFUNDING REVENUE DEBT SERVICE FUND; RECOGNIZING ASSET
REPLACEMENT FUND REVENUES OF $62,100; APPROPRIATING ASSET
REPLACEMENT FUND EXPENDITURES OF $316,800; TRANSFERRING $145,000
FROM THE 1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND TO
THE 1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND; APP-
ROPRIATING ELECTRIC FUND EXPENSES OF $9,000;
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; Transportation Fund; 1985 Sales
Tax Refunding Revenue Debt Service Fund; Electric Fund; and
unappropriated prior year fund balance available in the General
Fund and Asset Replacement 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, Transportation Fund, 1985 Sales Tax Refunding Revenue
Debt Service Fund, Electric Fund, and unappropriated prior year
fund balance in the General Fund and Asset Replacement 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.
Sect ion 3
A public hearing on the ordinance shall be held on the
___/~/~/~ day of ~~/___, 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,_ k/__~_~=~__, 1987
William Stirling, Mayor
ATTEST:
Kathryn Koch, City Clerk
FINALLY adopted, passed and approved on the J~C~ay of
William Stirling, Mayor
ATTEST:
E X H I B I T "A"
GENERAL FUND
Revenue s
City Manager
Pitkin County (28,000)
(City/County Manager)
Finance Department
Sales Tax (25,000)
(Correct Budget)
Environmental Health
State of Colorado (4,000)
Total Revenues (57,000)
Expenditures
City Council
Reclassify contingency
funds (5,000)
City Manager
Operating Expenses 15,000
(City/County Manager)
City Clerk
Telephone Fees 30,000
Engineering
Impound Lot 6,000
(contingency funds &
fund balance)
Building
Staff 3,000
Environmental Health
Construction fees 4,000
(state grant)
Parks
Operating Expenses 20,000
(Correct Budget)
Total Expenditures 73,000
Exhibit "A" cont.
GENERAL FUND
Transfers
From Transportation Fund (20,000)
(Correct Budget)
Total Transfers (20,000)
LAND FUND
Revenue s
Sales Tax (116,980)
(Correct Budget)
Total Revenues (116,980)
Expenditures
Red Roof Inn 46,100
(Property tax of $31,000 &
Operating Expense of $7,000 &
Interest Expense of $8,100 on
furniture)
Little Cloud property 182,000
(Principle Expense)
Zoline property 27,000
(Interest Expense)
Total Expenditures 255,100
Transfers
From 1985 Sales Tax Refunding
Revenue Debt Service Fund (84,000)
(Correct Budget)
To 1987 Sales Tax Refunding
Revenue Debt Service Fund 84,000
(Correct Budget)
Total Transfers 0
TRANSPORTATION FUND
Revenue s
Mall Revenues (20,000)
(Correct Budget)
Total Revenues (20,000)
Exhibit "A" cont.
TRANSPORTATION FUND
Transfers
To General Fund 20,000
(Correct Budget)
To 1982 Sales Tax Refunding
Revenue Debt Service Fund 40,000
(Correct Budget)
Total Transfers 60,000
ASSET REPLACEMENT FUND
Revenues
Data Processing (62,100)
(accounting entry/Pitco)
Total Revenues (62,100)
Expenditures
Data Processing 316,800
(Correct Budget)
Total Expenditures 316,800
1982 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Transfers
From Transportation Fund (40,000)
(Correct Budget)
Total Transfers (40,000)
1985 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Transfers
To Land Fund 84,000
(Correct Budget)
To 1987 Sales Tax Refunding
Revenue Debt Service Fund 145,000
(Correct Budget)
Total Transfers 229,000
Exhibit "A" cont.
1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Transfers
From Land Fund (84,000)
(Correct Budget)
From 1985 Sales Tax Refunding
Revenue Debt Service Fund (145,000)
(Correct Budget)
Total Transfers (229,000)
ELECTRIC FUND
Expenses
Maroon Creek Hydro 9,000
(Interest Expense)
Total Expenses 9,000