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Home My WebLink Aboutresolution.council.078-95 ,(t- V' . ~<, 1'.'.. ~< , Nit'... l'~ \~L.~ RESOLUTION NO. 78 (Series of 1995) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO ADOPTING THE 1996 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 City Council the Annual Budget for the City of Aspen, Colorado, for the fiscal year beginning January 1, 1996, and ending December 31, 1996; 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 1996: 2 1996 City of Aspen Budget Resolution 1- DETAIL BY DEPARTMENT 0: '~ OVERHEAD & EXPENDITURES ENDING BEGINNING TRANSFERS JOINT DEPT DEBT ASSET TRANSFER 1996 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE MGMT. OUT BALANCE GENERAL FUND: General & Administrative 3,179,446 0 492,460 0 0 0 0 (680,529) Contributions 0 0 0 0 (512,290) 0 0 0 City Council 0 0 0 60,324 (181,677) 0 0 0 CCLC 0 0 0 0 (53,000) 0 0 0 City Manager 0 0 0 213,972 (389,039) 0 0 0 Personnel 0 0 0 55,190 (455,853) 0 0 0 City Clerk 0 158,166 0 122,323 (341,951) 0 0 0 City Attorney 0 10,200 0 221,376 (342,751 ) 0 0 0 Finance 0 5,859,927 0 261,931 (552,609) 0 0 (353,694) Planning 0 502,774 0 55,415 (636,966) 0 0 0 Engineering 0 5,464 16,029 101,586 (267,675) 0 0 (200,000) Building 0 124,155 0 0 0 0 0 0 Environmental Health 0 64,022 0 122,524 (316,006) 0 0 0 Police 0 327,126 0 0 (1,947,962) 0 0 0 Dispatch 0 0 0 0 (346,707) 0 0 0 Records 0 0 0 0 (101,444) 0 0 0 Streets 0 230,615 0 66,326 (962,054) 0 0 0 Parks 0 74,244 0 915,666 (1,146,400) 0 0 0 Data Processing 0 47,000 0 209,940 (369,619) 0 0 0 Recreation 0 245,674 0 0 (629,545) 0 0 0 Ice Garden 0 296,400 0 0 (377,922) 0 0 0 Lottery 0 36,500 0 0 (32,500) 0 0 0 (eneral Fund Sub-Total 3,179,446 6,006,469 506,469 2,446,761 (10,166,392) 0 0 (1,234,423) 2,722,390 "i,~ ASSET MANAGEMENT PLAN: 1,064,960 200,000 0 0 0 0 (16,029) Property Tax Revenue 0 1,624,460 0 0 0 0 0 0 Senior Property Tax Rebate 0 (2,000) 0 0 0 0 0 0 Lease Revenue 0 136,752 0 0 0 0 0 Capital Projects: 0 Red Brick School 0 0 0 0 0 0 0 (362,493) City Hall 0 0 0 0 0 0 (25,000) 0 Cozy Point 0 0 353,894 0 0 (353,694) 0 0 D.P. Plan-City Share 0 0 0 0 0 0 (150,000) 0 Pedestrian Plan 0 0 0 0 0 0 (160,000) 0 City Shop 0 0 0 0 0 0 0 (231,450) Streets Overlay & Improve 0 0 0 0 0 0 (300,000) 0 McSkimming Road regrad 0 0 0 0 0 0 (150,000) Storm Drains 0 0 0 0 0 0 (70,000) 0 Yellow Brick School 0 0 200,000 0 0 0 0 (420,000) Collection Fees 0 0 0 0 0 0 (33,151) 0 Major Maintenance 0 0 0 0 0 0 (166,100) 0 Equipment 0 0 0 0 0 0 (352,945) 0 Fleet 0 0 0 0 0 0 (152,675) 0 Asset M9mt Sub,Total: 1,064,960 1,761,232 753,694 0 0 (353,694) (1,579,671) (1,029,972) 636,369 GENERAL FUND TOTAL: 4,264,426 9,767,721 1,262,363 2,446,761 (10,166,392) (353,694) (1,579,671) (2,264,395) 3,356,759 Parks and Open Space Fund 3,555,353 3,679,063 30,000 (726,295) (62,526) (227,563) (1,626,200) (1,731,166) 2,666.646 *linsportation/Mall Fund 165,435 460,410 0 (264,349) (50,389) 0 (106,200) 0 184,907 ~Z\ eeler Transfer Tax Fund --'. " Contributions 0 0 0 0 (210,065) 0 0 0 Operations 594,590 1,007,702 512,604 (86,290) (622,168) 0 (210.000) (502,783) Wheeler Fund Total 594.590 1,007,702 512,604 (86,290) (832,253) 0 (210,000) (502,783) 483.570 3 1996 City of Aspen Budget Resolution - (continued) "<, OVERHEAD & EXPENDITURES ENDING BEGINNING TRANSFERS JOINT DEPT DEBT ASSET TRANSFER 1996 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE MGMT OUT BALANCE Parking Improvement Fund 164,274 1,091,600 25,288 (104,396) (220,546) 0 (41,500) (721,373) 213,347 HousinglDay Care Fund" 1,812,998 2,637,500 714,600 (102,955) (344,219) 0 (1,520,000) 0 3,197,924 1979 G.O. Street Improvement Debt Service Fund 0 0 78,248 0 (800) (77,448) 0 0 0 1980 G.O. Housin9 Debt Service Fund 0 0 492,460 0 (1,400) (491,060) 0 0 0 1987 Sales Tax Refunding Revenue Debt Service Fund 0 30,000 1,601,186 0 (5,000) (1,596,186) 0 (30,000) 0 1989 Certificates of Participation 0 0 621,373 0 (12,000) (609,373) 0 0 0 Improvement Districts Debt Service Fund 57,063 94,500 0 0 (2,400) (149,163) 0 0 0 1992 G.O. Red Brick Debt Service Fund 0 0 362,493 0 (1,200) (361,293) 0 0 0 e92 G.O. City Shop 0 0 231 ,450 0 (1,200) (230,250) 0 0 0 \\< bt Service Fund Water Fund 2,400,589 3,463,300 67,089 (401,147) (1,112,292) (1,420,353) (2,040,078) 0 957,108 Electric Fund 1,138,869 4,298,521 0 (160,444) (2,954,496) (437,410) (914,000) (267,089) 703,951 Ruedi Hydroelectric Fund 474,300 1,072,195 0 (48,130) (471,319) (543,736) 0 0 483,310 Transportation/Parking Fund 674,155 1,225,000 100,000 (107,520) (812,488) 0 (154,500) (25,288) 899,359 Golf Course Fund 290,576 893,750 30,000 (79,065) (536,268) (112,617) (336,500) 0 149,876 Truscott Place Housing Fund 319,671 766,160 0 0 (261,055) (407,096) (12,000) (52,400) 353,280 Marolt Housing Fund 832,999 768,152 0 0 (273,893) (440,755) (1,500) (42,200) 842,803 Castle Ridge Note/R Fund 184,019 514,400 0 0 0 0 0 (492,460) 205,959 Total Budget-All Funds 16,949,317 31,769,974 6,129,174 346,190 (18,142,136) (7,458,197) (8,542,349) (6,129,174) 14,922,799 It. .c........ , ~\ '\ 4 It, mi.'. 'd, '\;;, 'ft' Rt.. 's;"" ~a \\. 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 1996 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 $34,142,682 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, 1996, and ending December 31, 1996 . 5 "It' (;~.'.'.'.. . ~v ,','i. '<, (It."........ {J V. """, f............... t~W '~\ 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 /~ day of ~/ 1995. ~ I'>~- f 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 /1 day Of~~/-1.) 1995, Council at its meeting held on the which Resolution was adopted subsequent to publication and public meetings on such proposed budget held on November 27, 1995. ~~~~rk 6 Ifa.......... ',~., (~ . _l...'.' \~,;, "-~, BUDGET RESOLUTION EXHIBIT "A" CITY OF ASPEN 1996 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 $30,627,274 346,190 850,000 292,700 $(18,142,136) (7,458,197) (8,542,349) Net Fund Balance Decrease - All Funds - 1996 7 $16,949,317 $32,116,164 $(34,142,682) $14,922,799 ---------.-- ---------.-- $(2,026,518) --------- -------'--