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ROARING FORK TRANSIT AGENCY BOARD
Resolution 187- 4
1986 SUPPLEMENTAL BUDGET APPROPRIATION
WHEREAS, more revenues are anticipated to be received in 1986 than
were appropriated, resul ting in a portion of unappropriated fund balance
available for unanticipated expenditures that occur during the year, and
WHEREAS, certain revenues will become available that were not anti-
cipated during the preparation of the 1986 budget, and
WHEREAS, funds budgeted in the 1986 budget can now be determined to
be in excess of those needed for certain purposes and can be returned to
fund balance, and
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Roaring Fork Transit Agency that adjustments be made to the 1986 budget as
follows:
Previous
Budget
Revised
This Change proj Budget
I)
UNANTICIPATED EXPENDITURES
$
126,100
1. Additional operating expenditures occurred in 1986 as increased
insurance costs in the Administration department.
Admin insurance expend
168,427
126,100
294,527
II) UNANTICIPATED REVENUES
$
151,440
1. Year end adjustment to RFTA operating revenues:
Bus fares
Aspen Ski Co. contract
61,600
54.200
115,800
RFTA operations revenue
2,385,220
115,800
2,501,020
2. Interest income assigned to the RFTA capital project fund for
1986 was $35,640. This interest was earned on the average
balance of the fund balance in this fund. No interest was
budgeted originally.
Capital proj interest revenue
-0-
35,640
35,640
III) FUNDS NO LONGER NEEDED
Previous
Budget
50,792
Revised
This Change Pro; Budget
$
1. 1986 UMTA Bus Maintenance Facility grant expenditures were
$184,448; grant revenue contributed 80% of that cost - $147,559.
The unspent 1986 budget of $10,280 (RFTA grant matching share)
w ill be saved f or any 1987 expenses associated wi th closing out
the grant. $3,040 was spent on diesel spill litigation activity
and will be funded: 1) out of the RFTA capital projects fund
($955), and 2) from Bus Maintenance Facility fund interest earned
($2,085), because this litigation cost is UMTA grant ineligible.
UMTA BMF grant:
UMTA BMF grant revenue 186,160 (38,601) 147,559
Project admin expend 4,100 (4,000) 100
Engnring & design expend 20,000 ( 17 , 185 ) 2,815
Support vehicles expend 27,000 ( 199) 26,801
Office equipment expend 20,000 (17,897) 2,103
Office furnishings expend 5,400 (4,544) 856
Service/maint vehicle exp 45,000 (2,117) 42,883
Tools & equipment expand 35,000 ( 5,267) 29,733
Canst mgmt expend 1,000 ( 925) 75
Construction expend 60,200 12,456 72,656
Right-of-way expend 10,000 (9,523) 477
Diesel spill cleanup exp 5,000 950 5,950
9,650)
spill litigation expend -0- 3,040 3,040
(grant ineligible)
B.M.F. Fund interest income -0- 2 . 0 85 2 , 085
955
Net savings (8,695)
2. The UMTA bus acquisition grant was completed in 1986. RFTA's
share of the unspent budget (20% matching share) along with
interest earned in this fund in 1986 will be transferred to the
RFTA capital projects fund.
Interest income
Bus acquisition grant expend
Bus acquisition grant revenue
-0-
38,925
31,140
408
(37,472)
(29,978)
( 7,902)
408
1,453
1,162
2
Previous
Budqet
Revised
This Chanqe proj Budget
3. In 1986, $40,340 was spent in the RFTA capi tal proj ects fund on
bus stop shelters; this resulted in a savings of $34,195 for that
project. $5,000 of the savings will be carried over into 1987
and added to the existing 1987 budget of $60,000 to finish the
bus stop shelter project.
Bus stop shelter expend
74,535
(34,195)
40,340
INTRODUCED, READ, AND PASSED upon fir st reading by the Board of
Directors of the Roaring Fork Transit Agency, Pitkin County, Colorado, at
their regular meeting held April 28, 1987, and ordered published in full.
ROARING FORK TRANSIT AGENCY
PITKIN COUNTY, COLORADO
-.,
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Eve Homeyer, Chairperson
ATTEST:
APPROVED UPON SECOND READING by the Aspen Ci ty Council and Board of
County Commissioners of Pitkin County, Colorado, at their regular meetings
held May 11 and May 12, 1987 , respectively.
CITY OF ASPEN, COLORADO
BY:
william L. Stirling,
ATTEST:
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"Kathryn g'. Koch'
City Clerk
3
ATTEST:
~~.~
Deputy County Clerk
rfta.reso.april.28
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4
RFTA FUND BALANCE ANALYSIS
RFTA RFTA UMTA UMTA
OPERATION CAPITAL B.M.F. BUS ACO
1/1/86 FUND BALANCE $ 874,855 367,487 46,540 7,785
1986 ORIGINAL BUDGET
NET REVENUE (EXPEND) 4,492 120,096 -0- -0-
APPROPRIATIONS
YEAR-TO-DATE 232 (77,035) (46,540) (7,785)
SUPPLEMENTAL
APPROPRIATION 110.300) 76.782 9.650 -0-
12/31/86 ESTIMATED
FUND BALANCE 869,279 487,330 9,650 -0-
pc_murphy:rfta.reso.apri1.28