HomeMy WebLinkAboutresolution.council.101-03RESOLUTION NO. 101
(SERIES OF 2003)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2004 MUNICIPAL BUDGET AND
AUTHORIZING APPROPRIATIONS PURSUANT THEFT0
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, 2004 and ending December 31,
2004; 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 15th for certification of the ensuing year's tax levy to the county; and
WltEREAS, 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 heating at
least 15 days prior to the statutory deadline for certification of the ensuing year, s tax levy
to the county, it is the intent of the Council by adoption of this budget to follow the
requirements of City Charter; and
WHEREAS, the budget as submitted in Exhibit A sets for the estimated fiscal
data of appropriated expenditures and estimated revenues for the calendar year of 2004.
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, Colorado for the fiscal year 2004 as submitted in
attachment hereto as Exhibit "A" and incorporated herein by this reference, be and is
hereby adopted, which option all constituted appropriations of the amounts specified
therein as expenditures amounting to $83,293,036, and the estimated budget revenue
requirements of $79,258,776, both in Exhibit A, is hereby declared to be the anaount of
revenue necessary to be raised by the tax levy and income from all other sources not
inclusive of fund balance at the beginning of the year of $4,034,259, for total revenues of
$83,293,036, to pay the expenses and certain indebtedness, and provide a reasonable fund
balance at the close of the fiscal year beginning January 1, 2004 and ending December
31, 2004.
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 to expend 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 regularly scheduled Council meetings.
Adopted this l0th day of November, 2003.
I, KATHRYN 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 Council at its meeting held on the I0ta day of November,
2003 which resolution was adopted subsequent to and publication of public meetings on
such proposed budget held on November 10th. 2003.
2004 Budget ResolUtion - APpendix A - REVISED
Total Current Total
Beginning Revenue & Expenditures & Ending
:und # Fund Name Cash Balance ~ Transfers In Transfers Out Balance
General Government Funds
000 Asset Management Plan $313,993 $2,909,236 $2,654,430 $568,799
001 General Fund $4,557,555 $17,081,574 $16,925,825 $4,713,3U4
Subtotal General Gov't Funds: $4,871,548 $19,990,810 $,19,580,255 $5,282,!0;~
Special Revenue Funds
100 Parks and Open Space $1,031,888 $6,884,412 $6,261,021 $1,665,279
120 wheeler $4,702,231 $4,083,817 $2,132,787 $6,653,261
130 Lodging Tax F-~d $44,089 $787,660 $787,660
140 Parking improvement Fund $407,087 $1,378,349 $1,545,294 $240,142
150.23 Housing $13,423,237 $14,443,969 $20,444,614 $7,422,59?
1~0.24 Kids First $3,237,949 ___ $1,057,946 $1,241,779 $3,054,1
Total Housing Day Care Fund $16,661,187 $15,501,915 $21,686,393 $10,476,709
151.24 Early Childhood Educ. Initiative - AVCF ~ $155,425 $155,425 $0
-- Subtotal, Special Rev. Funds: $22,846,481 $28,791,578 $32,558,580 $t9,079,480
D~~
220 ---- 1995 Parking Facilities COP -- $0 $693,088 $693,088 $0
222 1994 Cemetery Lane SID $0 $49,390 $49,390 $0
323 1992 Red Brick G.O. Bonds $0 $361,760 $3611760
~25 Cozy Point COP $0 $359,840] $359,840
326 1999 Sales Tax Revenue Bonds $1,550,000 $1,118,780 $1,118,780 $1,550,00(;
2001 Parks & Open Space Sales Tax
228 Rev. Bonds $0 $860,368/ $860,368
Subtotal, Debt Service Funds: $,1,550,000 $3,443,226/ $3,443,226 $1,550,000
340 Parks Capital Improvement Fund $'1,802,815/ $7,866,424 $8,018,295, $'1,650,944
~unds
421 Water Utility $3,203,25g $4,369,820 $5,080,999 $2,492,080
431 Electric Utility $587,472 $4,475,410 $4.372,653 $690,229
444 Ruedi Hydroelectric Facility $246,094' $401,026 $361,084 $286,036
450 Transportation Fund $9421237 $2,505,351 $2,491,482 $956,106
4~1 Municipal Golf Course $284,134 $1,369.687 $1,272,1371 $381,684
491 Truscott Housing $167;001 $1,921,163 $1,98~ $103,982
492 v Marolt Housing $1,085,746 $884,254 $9u9,644, -_-. $1,060,356
Subtotal, EnterpriSe Funds: $6,515,942 $15,926,7'1'1 $'16,472,181 $5,970,473
50--;~ Health I--'ns. Internal Service Fund $500,000 $2,269,758 $2,268,000 $50,1,758
520 620 Housing Authority $0 $911,484 $911,484
,~22 622 Smuggler Mountain Fund $173,165 $58,785 $41,015 $190,935!
Subtotal, Trust & AgencyF~unds: $'173,165 $970,269 $952,499 ._ $t90,935
ALL FUNDS: $38,259,952 $79,258,776 $83,293,036 $34,225,693