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RESOLUTION NO. 4CJ
(Series of 1988)
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, 1989, and ending December
31, 1989; 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 1989:
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1989 RESOLUTION DETAIL BY DEPARTMENT
CURRENT
EXPENDITURES INCREASE
..__.._..._..._..___._TRANSFERS TRANSFERS OTHER FINANCING (DECREASE)
REVENUES OPERATING DEBT SERVICE IN OUT SOURCES/(USES) FUND BALANCE
... .. .. ... .. .. .. .. .. .. ...... .. .. .. .. .. .. .. .. ..----------- ---------- .. .. .. .. .. .. .. ..... ...........--....--....-- .. .. ...... .. .. .. .. .... .. .. ....
GeneraL Fund
GeneraL & Administrative 0 0 0 2,423,600 (825,300) 0
City Counc it 101,200 (598,540) 0 0 0 0
City Manager 10,000 (290,247> 0 0 0 0
CCLC 0 (56,000) 0 0 0 0
PersonneL 15,407 (258,331) 0 0 0 0
City CLerk 145,200 (279,158) 0 0 0 0
City Attorney 0 (183,554) 0 0 0 0
Finance 4,077,650 (431,308) (5,829) 0 0 21,000
PLanning 341 ,750 (529,628) 0 0 0 0
Engineering 6,300 (219,546) 0 0 0 0
BuiLding 283,511 (188,555) 0 0 0 0
Housing 43,758 (65,882) 0 0 0 0
Envirol'11lentaL Health 141,416 (284,244) 0 0 0 0
PoLice 401,300 (1,398,026) 0 0 0 0
MunicipaL Court 0 (90,281) 0 0 0 0
Conm.Jnications 10,380 (211,142) 0 0 0 0
Streets 168,660 (860,574) 0 0 0 0
Parks 27,600 (783,333) (35,683) 0 0 0
Data Processing 99,472 (213,635) 0 0 0 0
Recreation 86,875 (270,745 ) 0 0 0 0
Lottery 18,000 (19,570) 0 0 0 0
CapitaL I~rovements 0 0 0 0 0 (417,000)
.. .. .. .. .. .. .. ... .. ............ .. .. .. ... .. .. .. .. .. .. .... .. ..-------- ---_..---- ..... .. .. ... ....... .. .. .. .. .. .. .. .. ........
GeneraL Fund TotaL 5,978,479 (7,232,299) (41,512) 2,423,600 (825,300) (396,000) (93,032)
Land Fund 3,443,000 (83,466) (122,662) o (2,086,400) (1,170,000) (19,528)
Transportation Fund 505,000 (49,000) 0 0 (442,000) 0 14,000
WheeLer Transfer Tax Fund
Contributions 0 (159,000) 0 54,000 0 0
Operations 656,510 (416,010) (6,362) 466,000 (599,000) 0
.. .. ... .... .. .... .. .. .. .. .. .......... .......... .. .. .. .. .. .. ... .. .. .. .. .. .... .. .. .. .. .. .. .. .. .. ....... .. .. .. .. .. .. .. .. ............ .. .. ..
WheeLer Fund TotaL 656,510 (575,010) (6,362) 520,000 (599,000) 0 (3,862)
Asset Replacement Fund 102,550 (88,399) (272,951) 255,800 0 3,000 0
Parking I~rovement Fund 488,000 0 0 0 (468,000) 0 20,000
1979 G.O. Street I~rovement
Debt Service Fund 0 (2,700) (105,300) 108,000 0 0 0
1980 G.O. Housing
Debt Service Fund 0 (1,580) (372,420) 374,000 0 0 0
1982 SaLes Tax Revenue
Refunding Debt Service Fund 20,000 (2,165) (167,835) 170,000 0 0 20,000
1985 Sales Tax Refunding
Revenue Debt Service Fund 91,000 (2,000) (829,000) 740,000 0 0 0
1987 SaLes Tax Refunding
Revenue Debt Service Fund 34,000 (1,582) (670,418) 726,000 0 0 88,000
1989 SaLes Tax Revenue
Debt Service Fund 0 0 (364,000) 468,000 0 0 104,000
SmuggLer Debt Service Fund
Proposed Budget 65,476 (1,200) (78,800) 16,000 0 0 1,476
Parking Structure CapitaL (6,200,000)
I~rovement Fund 0 0 0 0 0 6,200,000 0
Water Fund 2,363,000 (699,826) (1,325,574) 0 (232,100) 0 105,500
ELectric Fund
ELectric Trans & Dist 3,689,300 (2,775,310) (429,472) 0 (916,100) 0
Ruedi Operations 1,098,640 (514,440) (527,200) 0 (64,000) 0
.. .......... .... .. .. .. .... .. .. .. .. .. .. .. .. .. .. .. .. .... --.......---.. ..... .. .. .. ... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ....... .. .. ..
ELectric Fund TotaL 4,787,940 (3,289,750) (956,672) 0 (980,100) 0 (438,582)
GoLf Course Fund 417,000 (413,220) (112,000) 179,000 (71,800) 0 (1,020)
Ice Garden Fund 236,525 (330,176) 0 146,500 (53,200) 0 (351)
PoLice Pension Fund 112,000 (40,000) 0 0 0 0 72,000
CastLe Ridge Note/R Fund 369,000 0 0 0 (369,000) 0 0
--_....----- .. .... .. .... .. .. .. .. --------..- .. .... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ... .. .. .. .. .. .. ..... .. .. .. .. .. .. .........--.....
19,669,480 (12,812,373) (5,425,506) 6,126,900 (6,126,900) (1,563,000) (131,399)
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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
1989 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 $26,024,879 is hereby
declared to be the amount of revenue necessary to be raised by_
.r
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, 1989, and ending
December 31, 1989.
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.
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ADOPTED THIS
day of
~/
, 1988.
-.
~~A
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
Council at its meeting held on the /~ day of ~~~ ,
1988, which Resolution adopted subsequent to the public meeting
on such proposed budget held ~ /.y , 1988.
K:~~h~~erk
BUDGET RESOLUTION EXHIBIT "A"
CITY OF ASPEN
1989 COMBINED BUDGET OF ALL FUNDS
BUDGET SUMMARY
TOTAL SOURCES OF FUNDS:
operating Revenues
Bond Proceeds
Lease Purchase Revenues
$19,669,480
6,200,000
24,000
TOTAL USES OF FUNDS:
Operating Expenditures
Debt Service
Capital Expenditures
$(12,812,373)
( 5,425,506)
( 7,787,000)
Net Fund Balance Decrease - All Funds - 1989
$25,893,480
$(26,024,879)
$
(131,399)
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