The URL can be used to link to this page

Home My WebLink Aboutresolution.council.089-94 J . - . RESOLUTION NO. 89 (series of 1994) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO ADOPTING THE 1995 MUNICIPAL BUDGET AND AUTHORIZING APPROPRIATIONS PURSUANT THERETO WHEREAS, the city Manager, designated by Charter to prepare the budget, has prepared and submitted to the Mayor and c~ty Council the Annual Budget for the City of Aspen, Colorado, for the fiscal year beginning January 1, 1995, and ending December 31, 1995; 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 1995: 2 - 1995 City of Aspen Budget Resolution DETAIL BY DEPARTMENT OVERHEAD & EXPENDITURES ASSET ENDING BEGINNING TRANSFERS JOINT DEPT DEBT MGMT, TRAN~FERS 1995 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE PLAN OUT BALANCE GENERAL FUND; General & Administrative 2,054,091 0 486,000 0 0 0 0 (676,885) Contributions 0 0 0 0 (509,444) 0 0 0 City Council 0 0 0 55,825 (172,998) 0 0 0 CCLC 0 0 0 0 (53,000) 0 0 0 City Manager 0 0 47,340 207,132 (376,609) 0 0 0 Personnel 0 0 0 49,745 (423,109) 0 0 0 City Clerk 0 153,945 0 123,333 (345,598) 0 0 0 City Attorney 0 0 0 223,354 (346,708) 0 0 0 Finance 0 5,704,587 0 270,351 (532,823) 0 0 (410,430) Planning 0 456,534 0 62,431 (781,296) 0 0 0 Engineering 0 6,125 14,980 97,680 (263,852) 0 0 0 Building 0 140,233 0 0 0 0 0 0 Envir.onmental Health 0 87,455 0 118,191 (310,432) 0 0 0 Police 0 228,689 0 0 (1,778,399) 0 0 0 Dispatch 0 0 0 0 (304,125) 0 0 0 Records 0 0 0 0 (67,420) 0 0 0 Streets 0 202,913 0 86,728 (945,403) 0 0 0 Parks 0 51,698 0 1,059,736 (1,182,157) 0 0 0 Data Processing 0 12,360 0 195,042 (325,336) 0 0 0 Recreation 0 217,810 0 0 (587,081) 0 0 0 Ice Garden 0 282,350 0 (398,148) Lottery 0 32,500 0 0 (32,500) 0 0 0 General Fund Sub -Total 2,054,091 7,577,199 548,320 2,549,548 (9,736,438) 0 0 (1,087,315) 1,905,405 ASSET MANAGEMENT PLAN: 36,582 200,000 0 0 0 0 (14,980) .operty Tax Revenue 0 1,532,529 0 0 0 0 0 0 " . snlar Property Tax Aebate 0 (2,000) 0 0 0 0 0 0 ". thar Lease Revenue 0 42,258 '. Capital Projects: Red Brick School 0 65,000 0 0 0 0 0 (364,500) City Hall 0 0 0 0 0 0 (350,000) 0 Cozy Point 0 0 410,430 0 0 0 0 (410,430) D.P. Plan-City Share 0 0 0 0 0 0 (125,000) 0 Pedestrian Plan 0 0 0 0 0 0 (100,000) 0 City Shop 0 0 0 0 0 0 0 (231,700) Streets Overlay 0 0 0 0 0 0 (150,000) 0 Storm Drains 0 0 0 0 0 0 (61,000) 0 Collection Fees 0 0 0 0 0 0 (32,030) 0 Major Maintenance 0 0 0 0 0 0 (122,730) 0 Equipment 0 0 0 0 0 0 (170,472) 0 Fleet 0 0 0 0 0 0 (115,500) 0 Asset Management Plan Total 36,582 1,637,787 610,430 0 0 0 (1,226,732) (1,021,610) 36,457 GENERAL FUND TOTAL: 2,090,673 9,214,986 1,158,750 2,549,548 (9,736,438) 0 (1,226,732) (2, 10~,925) 1 ,941 ,862 Parks and Open Space Fund 3,601,532 3,605,202 85,815 (792,033) (62,686) (238,312) (1,523,500) (1,522,000) 3,154,018 Transportation/Mall Fund 139,811 468,733 0 (362,642) (79,656) 0 (18,000) 0 148,246 Wheeler Transfer Tax Fund Contributions 0 0 0 0 (208,585) 0 0 0 Operations 592,059 1,063,579 508,485 (80,726) (676,786) 0 (42,100) (499,900) Wheeler Fund Total 592,059 1,063,579 508,485 (80,726) (885,371 ) 0 (42,100) (499,900) 656,026 - 3 - OVERHEAD & EXPENDITURES ASSET ENDING BEGINNING TRANSFERS JOINT DEPT DEBT MGMT, TRANSFERS 1995 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE PLAN OUT BALANCE Parking Improvement Fund 115,615 1 ,165,650 22,672 (96,465) (228,848) 0 (35,500) (719,200) 223,924 Housing/Day Cafe Fund 'I< 1 ,790,843 2,547,575 94,600 (100,098) (372,708) 0 0 0 5,160,212 1979 G.O. Street Improvement Debt Service Fund 0 0 82,300 0 (757) (81,543) 0 0 0 1980 G,O. Housing Debt Service Fund 0 0 486,000 0 (1,090) (484,310) 0 0 600 1987 Sales Tax Refunding Revenue Debt Service Fund 1,744,053 50,000 1 ,592,000 0 (3,012) (1,589,146) 0 (5Q,000) 1,743,895 1989 Certificates of Participation 1,000 0 587,200 0 (5,040) (582,160) 0 0 1,000 Improvement Districts Debt Service Fund 190,855 94,500 0 0 (2,000) (209,038) 0 0 74,317 1992 G.O, Red Brick Debt Service Fund 0 0 364,500 0 (1,082) (363,418) 0 0 0 1992 G,O. City Shop Debt Service Fund 0 0 231,700 0 (1,025) (230,675) 0 0 0 _994 Cozy Point \", ebt Service Fund 0 0 410,430 0 0 (410,430) 0 0 0 Water Fund 2,956,958 3,419,100 96,200 (393,647) (1,084,397) (1,419,589) (1,522,400) (38:425) 2,013,800 Electric Fund 1,075,012 4,144,500 0 (157,067) (2,948,202) (441,285) (205,000) (308:930) 1,159,028 Ruedi Hydroelectric Fund 128,931 1,071,690 0 (45,431) (470,861) (547,398) 0 0 136,931 T ransportation/Parking Fund 420,385 1,265,202 100,000 (103,241) (1,062,616) 0 (133,000) (22P2) 464,058 Golf Course Fund 358,423 942,214 30,000 (77,346) (525,813) (111,958) (337,150) 0 278.370 Truscott Place Housing Fund 368,215 743,203 0 0 (244,118) (406,148) (10,000) (52,400) 398,752 Marolt Housing Fund 780,110 768,610 0 0 (262,928) (445,677) (5,500) (42,200) 792,415 Castle Ridge Nata/R Fund 52,000 486,000 0 0 0 0 0 (486:000) 52,000 Total Budget-All Funds 16,406,475 31,050,744 5,850,652 340,852 (17,978,648) (7,561,087) (5,058,882) (5,850;652) 18,399,454 * (Housing{Daycare Fund ending 1995 Cash balance includes 1,200,000 Kraut Property construction loan repayment from the Housing Office which is not budgeted as a revenue but will be received in 1995.) - 4 - - - 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 1~95 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 $30,598,617 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, 1995, and ending December 31, 1995. 5 - e - 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 12th day of December, 1994. ~A-v I~~ John Bennett, 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 12th day of December, 1994, which Resolution was adopted subsequent to publication and public meetings on such proposed budget held on November 28th, 1994 and December 12th, 1994. Kathryn Clerk 6 e e e BUDGET RESOLUTION EXHIBIT "A" CITY OF ASPEN 1995 COMBINED BUDGET OF ALL FUNDS BUDGET SUMMARY Beginning Unappropriated Balance Totals TOTAL SOURCES OF FUNDS: Operating Revenues pitkin County Joint Department Payments Tap Fees Note Proceeds TOTAL USES OF FUNDS: Operating Expenditures Debt Service Capital Expenditures Ending Unappropriated Balance Totals $29,927,744 340,852 850,000 273.000 $(17,978,648) (7,561,087) (5.058.882) Net Fund Balance Increase - All Funds - 1995 7 $16,406,475 $31,391,596 $(30,598,617) $17,199,454 ----------- ----------- $792,979