HomeMy WebLinkAboutresolution.council.050-90
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Financial Summary
RESOLUTION NO.6Z)
(Series of 1990)
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, 1991, and ending December 31,
1991; 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 1991:
1991 RESOLUTION DETAil BY DEPARTMENT
BEGINNING
BALANCE & ENDING
OTHER EXPENDITURES OTHER 1991
FINANCING TRANSFERS ----------------------- FINANCING TRANSFERS PROPOSED
SOURCES (1) REVENUES IN OPERATING DEBT SERVICE USES (2) OUT ruND BALANCE
----------- ____0----- ---------- .---------- ----------- ----------- --------- ------------
_'eral Fund
\~ General & AdmmistratlVe 982,900 0 2,272,000 0 0 (1,064,000)(1,260,000)
Cay Councll 0 107,050 0 (663,967) 0 0 0
cay Manager 0 20,000 0 (256,038) 0 0 0
CClC 0 0 0 (58,000) 0 0 0
Personnel 0 5,000 0 (312,854) 0 0 0
Clty Clerk 0 150,896 0 (273,146) 0 0 0
Cay Attorney 0 0 0 (207,772) 0 0 0
F 1 nance 0 4,799,650 0 (449,742) 0 0 0
Planmng 0 858,150 0 <1,103,310) 0 0 0
Englneering 0 8,475 0 (263,311) 0 0 0
BUl tdmg 0 450,000 0 (312,805) 0 0 0
Houslng 0 0 0 (10,500) 0 0 0
Envlronmentat Health 0 182,800 0 (288,588) 0 0 0
Pol lee 0 602,700 0 (1,783,720) (26,500) 0 0
MUnl ci pa l Court 0 0 0 (101,661) 0 0 0
CorrmUnl cat 1 cns 0 14,400 0 (328,019) 0 0 0
Transportatlon 0 363,360 0 (1,021,707) 0 0 0
Parks 0 24,600 0 (964,313) (26,200) 0 0
Data Processing 0 132,700 0 (257,334) 0 0 0
Recreation 0 108,680 0 (399,200) 0 0 0
Lottery 0 12,000 0 (12,000) 0 0 0
Capltal Improvements 0 725,000 0 0 0 (375,000) 0
--------- --------- --------- ---------- --------- __.-0___- --------- -.------
General Fund Total 982,900 8,565,461 2,272,000 (9,067,987) (52,700) (1,439,000)(1,260,000) 674
Land/Open Space Fund 2,149,547 2,688,500 140,000 (62,170) (223,200) (1,252,650)(2,113,000) 1,327,027
Transportatlon Fund 176,785 367,000 0 (46,350) 0 0 (305,000) 192,435
Wheeler Transfer Tax Fund
Contributlons 0 5,000 71,000 (176,000) 0 0 0
Operatlons 0 909,325 350,000 (583,066) 0 (25,000) (553,000)
---------- --------- --------- ---------- --------- -------- .-------- --------
Wheeler Fund Total 214,991 914,325 421,000 (759,066) 0 (25,000) (553,000) 213,250
~et Replacement Fund 11,092 84,830 203,000 (118,240) (170,520) 0 10,162
,<ak1ng Improvement Fund
i, ~Slng/Day Care Fund
1979 G.O. Street Improvement
Debt SerVlce Fund
1980 G.O. Houslng
Debt SerVlce Fund
1982 Sales Tax Revenue
RefundIng Debt SerVlce Fund
1985 Sales Tax Refundlng
Revenue Debt SerVlce Fund
1987 Sales Tax Refundlng
Revenue Debt Service Fund
Smuggler Debt ServIce Fund
1989 Certlflcates of
Partlclpatlon
Underground Electrlc UtIlity
Improvement Dlstrlct #1
Debt Service Fund
Clty Hall Capital Imp. Fund
Water Fund
Electrlc Fund
Rued1 HydroelectrIc Fund
_t f Course Fund
(~e Garden Fund
Truscott Place HousIng Fund
Marolt Houslng Fund
Castle R,dge Note/R Fund
Clty/County Water Trust Fund
BEGINNING
BALANCE &
OTHER
FINANCING TRANSFERS
SOURCES (1) REVENUES IN
12,000
920,000 2,072,000
719,500
373,217
1,516,583
619,910
107,726
18,100
272,134
o
o
o
11,000
112,000
56,000
58,976
67,500
o
2,095,855 1,991,500
916,309 3,803,100
113,685 1,137,000
143,000
5,337
23,800
22,700
404,212
90,785
470,750
248,175
663,000
610,000
283,000
36,000
o
50,000
o
98,500
EXPENDITURES OTHER
----------------------- FINANCING TRANSFERS
OPERATING DEBT SERVICE USES (2) OUT
(146,100)
o
o
(585,000)
(928,000)
ENOING
1991
PROPOSED
FUND BALANCE
400
139,000
o
o
o
452,000
o
(875,000) (1,100,000)
(500)
o
o 0
o 217,817
(1,000) (825,000)
o
(90,000) 1,538,583
o 710,910
o 109,702
o 18,100
o
o
272,134
900,000
826,000
706,000
13,500
o
501,000
(98,000)
(500) (451,500)
o
o (662,000)
(720,981) (1,424,500) (150,000) (649,000) 1,966,874
900,000
824,000
o
(500) (165,900)
o
(1,600) (669,400)
(500) (70,000)
o
o
780,270
153,885
115,000
8,401
25,800
700
235,212
126,785
11,190,66824,959,617 7,773,000 (15,545,394) (7,545,120) (3,996,650)(7,773,000) 9,063,121
(1,000) (500,000)
o
o
(500)
o
(67,000)
o
o
o
10,000 (2,843,739) (443,400)
(496,800) (546,000)
--------- ----------- --------- ----------- ----------- ----------- ---------- ---------
--------- ----------- --------- ----------- ----------- ----------- ---------- ---------
132,000
224,000
o
(54,000)
(61,000)
(61,000)
(428,750) (111,000)
(408,111) 0
(216,000) (445,000)
(225,000) (407,000)
(30,000)
o
1) Other flnancing sources lncludes estlmated beglnning 1991 fund balances, note proceeds ($800,000 in the Houslng/Day Care
fund, $135,000 1n the Castlerldge Note/r fund) and tap fees ($1,1000,000 in the Water Fund).
2) Other flnancing uses includes approprlated reserves 1n the General Fund and Capltal expendltures in varlOUS funds.
Ie
o
o
o
o
o
o
o (452,000)
o 0
(-
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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 1991
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 $26,023,164 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, 1991, and ending December 31,
1991.
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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
/:;L--
day of ~
, 1990.
~
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 /.:::J ~ day Of~,
19~, which Resolution adopted subsequent to the public meeting on
such proposed budget held ~ /~ , 1990.
;k!~ )/~
Kathryn S. Koch, City Clerk
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BUDGET RESOLUTION EXHIBIT "A"
CITY OF ASPEN
1991 COMBINED BUDGET OF ALL FUNDS
BUDGET SUMMARY
Beginning Unappropriated Balance Totals
TOTAL SOURCES OF FUNDS:
Operating Revenues
Tap Fees
Note Proceeds
$24,959,617
1,100,000
935,000
TOTAL USES OF FUNDS:
Operating Expenditures
Debt Service
Capital Expenditures
Appropriated Reserves
$(15,545,394)
( 7,545,120)
( 2,932,650)
( 1.064,000)
Ending Unappropriated Balance Totals
Net Fund Balance Increase - All Funds - 1991
$ 9,155,668
$ 26,994,617
$(27,087,164)
$ 9,063,121
-------------
-------------
$(
92,547)
Ten Year Capital Plan
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The proposed capital plan for the ten year period from 1991
through 2000 is summarized on the two attached exhibits. These
items have been identified as priorities in most cases because
they are needed to maintain existing service levels. Projects in
the Land/Open Space fund and Housing/Daycare fund may increase
the level of services provided by the city. Due to the limited
funding available, no other projects which increase service
levels or provide new services have been proposed.
The projects on the exhibits are split by funding source. Funding
has not been identified for all of the proj ects proposed in
future years. All projects on the exhibits for 1991 can be funded
from existing fund balances in the funds identified. Beginning in
1992, new revenues sources or rate increases will need to be
considered in the Wheeler, Water, Electric and Golf Course funds.
The following is a summary of the funds available for capital
projects by fund for the next five years compared to the requests
for capital projects on the attached exhibits for those funds.
The revenues from the new mill levy are segregated even though
they will not be accounted for in a separate fund.
In Thousands
'- 1991 1992 1993 1994 1995
\' New Mill Levy
Cash Available $ 725 $725 $725 $725 $725
Streets Projects 280 190 650 425 380
Other Projects 445 535 ~ 169 --2.2.
Net 0 0 75 131 250
Land/Open Space Fund
Cash Available 2498 951 1446 1269 1483
Projects Costs 352 470 390 350 250
Meadows 900 375 375 375
Net 1246 106 681 544 1233
Wheeler Fund
Cash Available 25 0 0 0 0
Projects Costs 25 ----2Q ~ -1.2 ~
Net 0 ( 60) 0 ( 45) 0
HRETT/HSales Tax Fund(l)
Cash Available 1252 2296 2375 2467 1311
Projects Costs 1100 760 ~ ~ ~
Net 152 1536 2375 2467 1311
Water Fund
Cash Available 1124 632 0 0 0
i:e Projects Costs 510 1672 583 100 ~
Net 614 (1040) (583) (100) 0
1991 1992 1993 1994 1995
Ie Electric Fund
Cash Available 372 150 0 0 0
Projects Costs 190 150 100 0 ~
Net 182 0 (100) 0 0
Golf Course Fund
Cash Available 72 50 43 34 25
Projects Costs 30 ~ 120 250 150
Net 42 ( 153) ( 77) (216) (125)
(1) Calculation of cash available assumes that $800,000 of the
$1,600,000 note can be repaid in 1990 and the note will be
reissued in 1991 for $800,000 and repaid in 1991. In future
years, it is assumed that the construction costs of the
townhouses to be constructed on the Hopkins Avenue and Austin
properties will be totally recovered by the sales of the
townhouses. It is also assumed that none of the original
acquisition cost of $1,600,000 plus interest will be recovered.
The projects proposed to be funded from the new three mill mill
levy for the next ten years are listed on Exhibit "A". All other
projects are shown on Exhibit liB".
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City Hall - Summary of Fundinq
The following is a summary of funding for renovation of City
Hall:
3 mill levy
Water Fund
Electric Fund
Total
1991
$350,000
360,000
190,000
$ 900,000
1992
$100,00
$100,000
Since the total of all estimated costs associated with the
remodel of city Hall is about $3,300,000, the project is not
currently scheduled to be started in 1991. The total $900,000 to
be accumulated in 1991 will be set aside in a capital projects
fund for City Hall. Other funding sources should be pursued in
the future.
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Code: IP: capfund_31111_proph G ,~.,,,-t. 'R CAP-3 "Ill PROPERTY TAX
,pdit,d:11f7190
1991 1992 1993 1994 1995 1990 1997 1998 1999 2000 TOTALS
------ 1----\ 1-------\ 1------\ 1-----\ 1-----\ 1-----\ 1-------\ 1-------\ 1-------\ 1------\ 1-------\
-(i ---
TI', ATION
PW.,. A 1974 Pmr 301 CI itk Rd Crd 135 135
PW-9 A 1978 Fro.t-E.d Lo.d.. 85 85
PW-S A Roller 35 * 35
JehlY Adur Pond 25 25 SO
PW-9 A 400 SerIes Ecolotec SHeeper 130 130 250
PW-9 A 1980 Joh. 0,,,, Ctld.. I7S I7S
A 1982 Asph.lt Overl.y/Str"t lip. 00 200 100 100 100 100 100 100 100 1,440
PW-9 R BiClhoe 90 90
PW-9 R 1970 IH Ouop Trud 85 85
R F"C Stred Sweeper 100 100 200
A Street SHteper 130 130 200
PW-9 A '69 OUIP Trud 85 80
A IS84 loti Ouop Trucj SO SO
PW-9 A 1979 IH Duop Trucl 85 85
PW-S A 1985 Joh. 0..., Ctld.. I7S 175
PW-9 A Flusher Truck 90 90
PW-14 A CIty Shop Renovation - stor.ge oily 45 75 120
A NeM Shop (No Iud purchil5e) 300 900 300 1,500
Sub-totil 280 190 050 425 380 495 m 1.190 400 390 4,920
-----._- -------- -------- -------- --_.---- --_.---- -_.---- -------- -------- -------- ========
PARKINC InPROVE"ENT FUNO
A Put IDS E~Ulplent 95 95
CIS
CENERAl FUNO
l..d OiU Syst" 350 350
PW-13 A Art "useu. E.badltal Repur 100 100
PW~A Bndst Repurs 34 34
CIty CI..1
Copier 35 35
RecfHhoD
A Nuther Port Pool Enclosure 95 95
Oatil ProcessInS
A DC mooo Syst" 3S9 359
A COCS SollNm 35 35
A Co.p,t.. CPU 30 30
Ice GirdeD
A Enporahve Condens1II9 10\11 45 45
A 1984 Znbonl Ice Resurficer SO 50
A RefrIseratIon Ilpron.ent 89 89
COllllBlCihoBS
CentucoI UlIlt 85
Cllr H.ll 350 100 450
S,b-tot.l 445 535 0 109 95 0 m 0 0 104 1.858
-------- ---_.--- ------- -------- ...----...-- ::::====== :=====:=:== :======== ------- ======== ---~----
NEW TOTALS 72S 725 650 594 47S 495 890 1,190 400 574 6,778
-------- -------- ======== ===== ======== ===::::== ~-====== ===='== ====== ===:;:== --------
PROPERTY TAX 725 72S 72S 72S 72S 72S 72S 725
OIFF. FR" PROP. 11 TO NEW TOTALS 0 0 75 13l 250 230 -105 -405
-------- ..------- ====::== ...----==== -------- -------- -------- ------
{;l<h, bet fl..
--- ---
72S
72S
7,250
265
151
472
1Il======
r:e
~---~---- -- -
Cod.: .P: Clpf"OOywA e:"".b.t J3
upd.t.d:II/7/90
1991 1992 199, 1994 1995 1996 1997 1990 1999 2000 TOTALS
~.~VE!ENT REQUESTS - 'A' LISTING 1-----\ 1----\ 1------\ 1-------\ 1---\ 1-------\ 1------\ 1------\ 1-------\ 1-------\ 1-------\
OPEN'. E FUNO
-----------
Parts
0 42 PISton Bull.y 75 75
0 Plston-Bulley 75 75
LS-, 0 !lfOlt Ditch R.p", 50 50
lH 0 Trill/BfldSt Ilpfovelellh/Nu Tfills 250 ,50 ,50 250 250 1,450
LS-O 0 PHI Ilpfovelent- B. BHnard PHt 6 b
lS-IO 0 PHt Iop,.-I"I" PHI-lIOhls 120 120
LS-12 0 Part Ilprovelut-Rrts Cellter 40 40
lS-15 0 Open SpiCe RCqUlsltIOD 100 100
0 Ground "isht "ower 4b 4b
Heidows Couervitlon Lnd 900 315 375 375
Tot.1 Open Spice Fund 1,252 B45 765 725 250 0 0 0 0 150 ,,907
-------- -------- -------- -------- -------- -------- -------- -------- -------- ------- --------
WHEELER FUNO (Vh..1 01 OpOl' Ho,," )
------------
lS-9 0 Sldelult 25 25
LS-5 0 Wheeler Stise Floot 25 25
LS-I, 0 Wheeler Carpet Replicelellt 35 ,5
lS-14 0 Wheeler l1,htInS CODsole Replicelent 45 45
0 Whee I er IIpt-Ru Cond 0
0 BOller 65 65
0 Roof 40 40
0 B.ld", Cmd PllW (3SK 10 2015) 0
-
" Tot.1 Whuler Fund 25 60 0 45 0 0 0 0 0 105 2,5
, -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- --------
HOUSINCIOAYCARE FUNO
-----
land Purchase 1,100 1,100
PV-II 0 Elployu HounDS, City St.1I 760 760
Toll I HousHS Fund 1,100 760 0 0 0 0 0 0 0 0 1,060
-------- -------- -------- -------- -------- -------- ------- -------- -------- ------- --------
WOTER FUNO (Not Rostmtod)
---------
TriOS"r to City H.II 360 ,60
0"'9' I 1'0.1 10' 1992 P,oJoets 150 150
A PlCDe Lues (Frol 1990 Reveaues) 300 ,00
0 OOC Ph... o. 2 1,000 1,000
0 R.d nto Ph... 2 312 312
0 Water Ihns 50, 1.500 MO,
0 "eadNood PlpellDe 100 100
0 John Deer Bickhoe loader 42 42
Toll I Witer Fund 510 I,m 503 100 0 0 42 0 1,500 0 4,407
------- -------- -------- -------- -------- -------- -------- ------- -------- -------- --------
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Code: IP: uphad_lOyeuA
upd.I,d<1l17l90
::}C~j ReslrlChdJ
Trinshr fat CIty Hill
fl Roedl-SeUlDS
R 197& Clly Core U C Exp
R 1977 Ford 8001 Truel
R 198& U,derSd"S {2.259 5tifl " 20lll
A Stutch Shhon EqUIp
R 1987 Ford 8uelol Truck
ElectriC Fund Totil
GOLF fUNO (Nol RestrlChdJ
Trees
R Goll Course IIprovuents
lS-Gol17 A Trip ReftOVihon
Goll Fund Tol.1
Tol.1 01 PI.. 'R'
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ml 1992 1993 1994 1995 199& 1997
/-------\ /------\ /------\ 1------\ /------\ /----\ /-------\
1998 1999 2000 TOTRLS
/----\ /-------\ /------\ /-------\
190 ~ 190
40 40
100 100 300 300 800
50 50
0
200 200
0
190 150 100 0 0 200 300 300 0 40 1.280
-------~ ------~ ~-~~~~.- ------- ---~-~- -------- ---_._-~ -------- -----~-- -------- --------
30 30
203 120 150 150 120 120 120 120 1,103
250 250
30 203 120 250 150 150 120 120 120 120 1.383
-------~ -------- ------- -------- -------- -------- --.--_.- ------- ------- -------- ------..
3.107
350
462
420
1.620
415 13.152
3.690
1,568
1.120
400
13.152
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