HomeMy WebLinkAboutresolution.council.031-87
RESOLUTION NO. 31
(Series of 1987)
WHEREAS, the City Manager, designated by Charter to prepare
the budget, has prepared and submitted to the Mayor and ci ty
Council the Annual Budget for the City of Aspen, Colorado, for
the fiscal year beginning January I, 1988, and ending December
31, 1988; 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 for the certification of
the ensuing year's tax levy to the county; and
WHEREAS, in accordance with Section 9.4 of the Home Rule
Charter, the budget as submitted below and in Exhibit" A" . sets
forth estimated fiscal data including anticipated revenue and
expenditures for the calendar year 1988:
....
10-Dec
RESOLUTION DETAIL BY DEPARTMENT
~XPENDITURES CURRENT
.. .. .. ... .. .. .. .. .. .. .. .. .. .. .. .. .... ...... .. .. .. NET TRANSFERS OTHER FINANCING INCREASE (DECREASE)
REVENUES OPERATING DEBT SERVICE IN (OUT) SOURCES/(USES) FUND BALANCE
..... .. ...... .. .. .. .. .. .. .. .. .. ...... .. .. .. .... .. .. .. .. .. ......... ...... .. --....-.........---- ........ .. .. .. ... .. .. ..... .. .. .. .. ............ -- ---........ -.....-..
al Fund
ueneral & Administrative 0 0 0 1,521,070 0
City Council 101,200 (635,996) 0 0 0
City Manager 39,245 (253,175 ) 0 0 0
CCLC 0 (34,000) 0 0 0
Personnel 0 (224,920) 0 0 0
City Clerk 75,050 (248,044) 0 0 0
City Attorney 0 (167,378) 0 0 0
Finance 3,724,197 (391,591) 0 0 0
Planning 236,315 (352,249) 0 0 0
Engineering 5,600 (212,016) 0 0 0
Bui lding 246,000 (226,718) 0 0 0
Housing 50,340 (55,878) 0 0 0
Environmental Health 134,597 (204,204) 0 0 0
Pol ice 151,806 (1,012,289) 0 0 0
Municipal Court 0 (89,676) 0 0 0
Community Service 229,995 (373,239) 0 0 0
Communications 1,380 (194,955 ) 0 0 0
Streets 162,150 (n8,429) 0 0 0
Parks 24,600 (733,817) (26,300) 0 0
Data Processing 85,357 (174,910) 0 0 0
Recreation 71,925 (219,600) 0 0 0
Lottery 18,000 (18,000) 0 0 0
Capital Improvements 0 (250,000)
......... ... .. .. .. ---...._--- ----......._- -......_-........ .. .. .. .. .. .. ..... ... ........... ....... ..
General Fund Total 5,357,757 (6,851,084) (26,300) 1,521,070 0 1,443
Land Fund 2,014,000 (74,870) (577,200) (2,093,620) 0 (731,690)
Transportation Fund 472,500 (44,000) 0 (418,000) 0 10,500
Yheeler Transfer Tax Fund
Contributions 0 (104,200)
Concessions 20,000 (20,000)
Operations 608,760 (423,729) (106,000)
-------- --------- .. .. .... .. .. .. .. .. .......----- ........ .. .. .. .. .. ... .. .. .. ... .. .. .. ....
Ii -~r Fund Total 628,760 (547,929) 0 (106,000) 0 (25,169)
Asset Replacement Fund 151,550 (112,950) (293,750) 258,150 0 3,000
1979 G.O. Street Improvement
Debt Service Fund 0 (2,200) (110,000) 112,200 0 0
1980 G.O. Housing
Debt Service Fund 0 (2,200) (371,000) 373,200 0 0
1982 Sales Tax Revenue
Refunding Debt Service Fund 13 , 000 (1,200) (168,000) 183,000 0 26,800
1985 Sales Tax Refunding
Revenue Debt Service Fund 110,000 (1,200) (841,000) 842,000 0 109,800
1987 Sales Tax Refunding
Revenue Debt Service Fund 24,000 0 (679,000) 680,000 0 25,000
Smuggler Debt Service Fund
Proposed Budget 67,000 (1,200) (83,000) 16,000 0 (1,200)
Yater Fund 2,455,200 (644,077) (1,485,560) (210,000) 0 115,563
Electric Fund
Electric Trans & Dist 3,618,000 (2,739,591) (407,200) (766,000)
Ruedi Operations 1,084,800 (315,840) (494,000) (75,000)
Electric Improvements 3,500 0 (367,300)
.. .... .. .. .. .. - ..........--.... -..-..----- ...... .. .. .. .. ..... .. .. .. .. .. .. ...... ---------
Electric Fund Total 4,706,300 (3,055,431) (901,200) (841,000) (367,300) (458,631)
Golf Course Fund 380,000 (380,000) 0 0 0 0
Ice Garden Fund 235,040 (2n,483) (10,516) 52,000 0 (959)
Police Pension Fund 106,000 (20,000) 0 0 0 86,000
C. Ridge Note
Receivable Fund 369,000 0 0 (369,000) 0 0
.... .. .. .. .. .... .. ... .. ----------....... .. .. .. .. .. .. .. .. .. ..... ... .. .. .... .... .. .. ... .. .. .. .. .. .. .. .. .. .. ........ .. .. .. .. .. ...... .. .. .. .......... .......
17,090,107 (12,015,824) (5,546,526) 0 (367,300) (839,543)
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"Buddy"-RES88D
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
That the budget for the City of Aspen for the fiscal year
1988 as submitted and attached hereto as Exhibit "A" and incor-
porated herein by this reference, be and is hereby adopted, which
adoption shall constitute appropriations of the amounts specified
therein as expenditures from the funds indicated; and that the
estimated budget revenue requirements of $17,929,650 is hereby
declared to be the amount of revenue necessary to be raised by
the tax levy and income from all other sources, including Fund
Balance at the beginning of the year, to pay the expenses and
certain indebtedness, and to provide a reasonable Fund Balance at
the close of fiscal year beginning January 1, 1988, and ending
December 31, 1988.
Section 2
That the City Council hereby authorizes and directs the City
Manager to enter into such contracts and execute such documents
on behalf of the city as may be necessary and customary in the
funds appropriated for all Capital Acquisitions within its
budget, and that Council further directs the City Manager to
inform it of such contracts and documents promptly at its regular
scheduled Council meetings.
ADOPTED THIS
9't-1--,
da y 0 f ~O-fj!.L/J0/{--eJL -I
, 1987.
~'
~/;?~.
~~
William L. Stirling, Mayor
I, KATHRYN S. KOCH, 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
~ day of LJ~),
Council at its meeting held on the
1987, which Resolution adopted subsequent to the public meeting
on such proposed budget held
, 1987.
/~).4~
Kathryn S. Koch, City Clerk
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BUDGET RESOLUTION EXHIBIT "A"
CITY OF ASPEN
1988 COMBINED BUDGET OF ALL FUNDS
BUDGET SUMMARY
TOTAL SOURCES OF FUNDS:
Operating Revenues
Bond Proceeds Received In A Prior Year
(Fund Balance)
TOTAL USES OF FUNDS:
Operating Expenditures
Debt Service On Existing Financing
Previously Approved
Capital Expenditures
Adjustment For Prior Year Bond Proceeds
$17,090,107
367,300
$(12,015,824)
(5,546,526)
(367,300)
Net Fund Balance Increase - All Funds - 1988
$17,457,407
$(17,929,650)
(367,300)
(839,543)
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