HomeMy WebLinkAboutresolution.council.050-89 RESOLUTION NO. 50
(Series of 1989)
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, 1990, and ending December 31,
1990; 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 1990:
1990 RESOLUTION DETAIL BY DEPARTMENT
CURRENT
EXPENDITURES INCREASE
...................... TRANSFERS TRANSFERS OTHER FINANCING (DECREASE)
REVENUES OPERATING DEBT SERVICE IN OUT SOURCES/(USES) FUND BALANCE
Genera[ Fund
Genera[ & Administrative 0 0 0 2,503,450 (908,450) 0
City Counci[ 101,200 (683 760) 0 0 0 0
City Manager 10,000 (339 818) 0 0 0 0
CCLC 0 (56 000) 0 0 0 0
Personnel 5,000 (320 522) 0 0 0 0
City Cterk 156,235 (257 116) 0 0 0 0
City Attorney 0 (235 039) 0 0 0 0
Finance 4,694,650 (464 365) 0 0 0 0
Planning 435,840 (721 721) 0 0 0 0
Engineering 9,000 (239 727) 0 0 0 0
Building 400,000 (268679) 0 0 0 0
Housing 73,671 (100473) 0 0 0 0
Environmental Health 170,690 (291290) 0 0 0 0
Police 431,850 (1,615,714) (30,300) 0 0 0
Municipal Court 0 (99,016) 0 0 0 0
Communications 9,240 (270,349) 0 0 0 0
Streets 183,860 (1,038,891) 0 0 0 0
Parks 24,600 (926,521) (30,900) 0 0 0
Data Processing 102,850 (205,970) 0 0 0 0
Recreation 122,375 (370,433) 0 0 0 0
Lottery 12,000 (12,000) 0 0 0 0
Capital I~rovements 0 0 0 0 (260,000)
General Fund Total 6,943,061 (8,517,404) (61,200) 2,503,450 (908,450) (260,000) (300,543)
Land Fund 2,666,000 (158,458) (123,300) 116,000 (2,049,735) 0 450,507
Transportation Fund 532,400 (46,000) 0 0 (472,000) 0 14,400
Wheeler Transfer Tax Fund
Contributions 5,000 (172,250) 0 67,250 0 0
Operations 1,016,190 (553,939) (6,400) 280,000 (609,400) 0
Wheeler Fund Total 1,021,190 (726,189) (6,400) 347,250 (609,400) 0 26,451
Asset Replacement Fund 87,500 (95,600) (254,800) 262,900 0 0 0
Parking Improvement Fund 969,500 (72,000) 0 0 (643,000) 0 254,500
Graduated Real Estate
Transfer Tax Fund 560,000 (510,000) 0 0 (50,000) 0 0
1979 G.O. Street Improvement
Debt Service Fund 0 (300) (101,500) 101,800 0 0 0
1980 G.O. Housing
Debt Service Fund 0 (1,000) (414,000) 415,000 0 0 0
1982 Sates Tax Revenue
Refunding Debt Service Fund 22,000 (2,000) (167,500) 169,500 0 0 22,000
1985 Sales Tax Refunding
Revenue Debt Service Fund 98,000 (2,000) (836,385) 838,385 (66,000) 0 32,000
1987 Sales Tax Refunding
Revenue Debt Service Fund 42,000 (2,000) (668,900) 670,900 0 0 42,000
Smuggler Debt Service Fund 60,776 (2,000) (74,300) 16,000 0 0 476
1989 Certificates of
Participation 0 0 (526,000) 526,000 0 0 0
Underground Electric Utility
Improvement District #1
Debt Service Fund ?3,955 (1,500) (70,400) 0 0 0 2,055
1989 G.O. Housing 0
Debt Service Fund 296,000 (296,000)
Water Fund 2,534,000 (695,532) (1,415,200) 0 (260,000) 2,085,000 2,248,268
Capital Improvements (2,155,900) (2,155,900)
Electric Fund 4,043,800 (3,070,971) (433,800) 10,000 (678,500) 0 (129,471)
Ruedi Hydroelectric Fund 1,118,000 (500,845) (535,700) (69,000) 0 12,455
Golf Course Fund 492,200 (471,200) (109,000) 163,000 (75,000) 0 0
Ice Garden Fund 234,400 (371,833) 0 189,000 (51,000) 0 567
Castle Ridge Note/R Fund 295,700 0 0 0 (397,100) 101,400 0
City/County Water Trust Fund 36,000 0 0 0 0 0 36,000
22,126,482 (15,246,832) (6,094,385) 6,329,185 (6,329,185) (229,500) 555,765
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 150'
as submitted and attached hereto as Exhibit "A" and incorporated
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 $23,757,117 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, 1990, and ending December 31,
1990.
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 //~ day of ~ , 19!~9.
William L. Stirling, Mayor
I, ~THRYN 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~,
1989, which Resolution adopted subsequent to the public meeting on
such proposed budget held /~ /~ ~j'~ ~,' /~ , 1~.9~.
Kathryn S. Koch, City Clerk
BUDGET RESOLUTION EXHIBIT "A"
CITY OF ASPEN
1990 COMBINED BUDGET OF ALL FUNDS
BUDGET SUMMARY
TOTAL SOURCES OF FUNDS:
Operating Revenues $22,126,482
Tap Fees 2,085,000
Castle Ridge 101,400
$24,312,882
TOTAL USES OF FUNDS:
Operating Expenditures $ ( 15,246,832 )
Debt Service (6,094,385)
Capital Expenditures (2,415,900)
$ (23,757,117)
- Net Fund Balance Increase - Ail Funds - 1990 $ 555,765