The URL can be used to link to this page

Home My WebLink Aboutresolution.council.070-96 e e . RESOLUTION NO. ~ (Series of 1996) A RESOLUTION OF THE CITY COUNCIL OF THE ADOPTING THE 1997 & 1998 MUNICIPAL APPROPRIATIONS PURSUANT THERETO CITY OF ASPEN, COLORADO BUDGET AND AUTHORIZING 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, 1997, and ending December 31, 1997; 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, Article 9 of the Aspen Home Rule Charter requires the adoption of an annual budget with the opportunity for the public to participate at a public hearing, it is the intent of Council by the adoption of this two year budget to follow the requirements of the City Charter in 1997 prior to the adoption of a final budget for 1998; and WHEREAS, in accordance with Section 9.4 of the Home Rule Charter, the budget as submitted on the following two pages and lin Exhibit "A" sets forth estimated fiscal data including anticipated revenue and expenditures for the calendar year 1997: 1 Parks and Open Space Fund 3,679,654 4,032,154 30,000 (863,455) (63,726) (47,500) (3,433,200) (1,539,542) 1,794,385 Transportation/Mall Fund 187,617 518,836 0 (363,703) (67,072) 0 (65,000) 0 210,678 . Wheeler Transfer Tax Fund Contributions 0 0 0 0 (249,690) 0 0 0 Operations 965,820 1,211,101 555,102 (91,789) (682,126) 0 (329,600) (505,412) Wheeler Fund Total 965,820 1,211,101 555,102 (91,789) (931,816) 0 (329,600) (505,412) 873,406 2 1997 CITY OF ASPEN BUDGET RESOLUTION Detail by Department e (page 2) OVERHEAD & EXPENDITURES ENDING BEGINNING TRANSFERS JOINT DEPT DEBT ASSET TRANSFERS 1997 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE MGMT. OUT BALANCE Parking Improvement Fund 265,048 1,168,800 24,416 (108.572) (234,368) 0 (90.680) (708,943) 315,701 Housing/Day Care Fund * 2,790,611 2,976,262 94,600 (107,073) (406,928) 0 (750,000) (1,000,009) 3,597,472 1979 G.O. Street Improvement Debt Service Fund 0 0 74,120 0 (800) (73,320) 0 0 0 1980 G.O. Housing Debt Service Fund 0 0 486,620 0 (1,400) (485,220) 0 0 0 1995 Sales Tax Refunding Revenue Debt Service Fund 106,317 30,000 1,609,542 0 (1,600) (1,607,942) 0 (30.000) 106,317 1995 Rio Grande Parking Garage Certificates of Participation 0 0 608,943 0 (1,500) (607,443) 0 0 0 Improvement Districts Debt Service Fund 158,344 92,000 0 0 (2,400) (196,301) 0 51,643 1992 G.O. Red Brick Debt Service Fund 0 0 364,498 0 (1,200) (363,298) 0 0 1992 G.O. City Shop e Debt Service Fund 0 0 230,290 0 (1,200) (229,090) 0 0 0 ~ 1\'\l!._ 1995 Cozy Point Certificates of Participation 0 0 360,918 0 (1,200) (359,718) 0 0 0 Water Fund 1,422,558 3,476,251 69,773 (419.964) (1,154,013) (1,404,794) (1.062.600) 0 927,211 Electric Fund 1,010,758 4,336,844 0 (167,705) (2,969,005) (442,999) (290,100) (269,77$) 1,208,020 Ruedi Hydroelectric Fund 460,863 1,072,474 0 (50,055) (472,946) (549,473) 0 0 460,863 Transportation/Parking Fund 1,102,321 1-,307,364 100,000 (113,868) (1,436,924) 0 (118,600) (24,41") 815,877 Golf Course Fund 245,398 907,103 30,000 (83,071) (556,876) (113,418) (213,900) 0 215,236 GIS Enterprise Fund 0 84,000 15,500 29,273 (117,546) 0 0 0 11,227 Truscott Place Housing Fund 433,834 746,117 0 0 (287,770) (406,779) 0 (52,400) 433,002 Marolt Housing Fund 924,291 783,595 0 0 (284,603) (438,931) (10.000) (42,200) 932,152 Castle Ridge Note/R Fund 184,019 510,776 0 0 0 0 0 (486,629) 208,175 Total Budget-All Funds 17,332,061 33,660,531 6,357,612 479.573 (19,799,927) (7,326,226) (7,928,098) (6,357,612) 16,417,914 e 3 1998 CITY OF ASPEN BUDGET RESOLUTION Detail by Department e OVERHEAD & EXPENDITURES ENDING BEGINNING TRANSFERS JOINT OEPT DEBT ASSET TRANSFERS 1998 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE MGMT. OUT' BALANCE GENERAL FUND: General & Administrative 4,086,663 0 1,498,970 0 0 0 0 (1,691,~08) Contributions 0 0 0 0 (538,812) 0 0 0 City Council 0 0 0 65,876 (212,505) 0 0 0 CCLC 0 0 0 0 (33,000) 0 0 0 City Manager 0 0 0 233,667 (421,537) 0 0 0 Personnel 0 0 0 60,270 (468.542) 0 0 0 City Clerk 0 179,728 0 133,582 (369,619) 0 0 0 City Attorney 0 75,608 0 241,754 (430,478) 0 0 0 Finance 0 6,445,833 0 307,881 (598,584) 0 0 (361,018) Planning 0 541,418 0 99,154 (921,939) 0 0 0 Engineering 0 7,374 17,337 110,939 (290,440) 0 0 0 Building'" 0 178,940 0 0 0 0 0 0 Environmental Health 0 72,829 0 132,302 (326,818) 0 0 0 Police 0 313,564 0 0 (2,105,430) 0 0 0 Dispatch '" 0 0 0 0 (338.337) 0 0 0 Radio Maintenance" 0 0 0 0 (36.774) 0 0 0 Phone Maintenance '" 0 0 0 0 (31,768) 0 0 0 Records '" 0 0 0 0 (111,985) 0 0 0 Streets 0 234,360 0 96,458 (1.054,253) 0 0 0 Parks 0 65,624 0 1,150,942 (1,362,286) 0 0 0 Data Processing 0 0 0 291,276 (427,801 ) 0 0 (16,120) Recreation 0 359,250 0 0 (774,512) 0 0 0 Ice Garden 0 322,500 0 0 (407.196) 0 0 0 Lottery 0 44,408 0 0 (35,152) 0 0 0 e General Fund Sub~Total 4,086,663 8,841,436 1,516,307 2,924,101 (11;297,768) 0 0 (2,068,346) 4,002,393 . = City share of joint department run by Pitkin County ,ASSET MANAGEMENT PLAN: 169,886 200,000 0 0 0 0 (17,337) Property Tax Revenue 0 1,827,215 0 0 0 0 0 0 Senior Property Tax Rebate 0 (2,000) 0 0 0 0 0 0 Lease & Other Revenue 0 269,355 0 0 0 0 0 Capital Projects: 0 Red Brick School 0 0 0 0 0 0 0 (36o.<>40) City Hall 0 0 0 0 0 0 (25.000) 0 D.P. Plan-City Share 0 0 0 0 0 0 (69,400) 0 Pedestrian Plan 0 0 0 0 0 0 (100,000) 0 City Shop 0 0 0 0 0 0 0 (228,420) Streets Overlay & Improvement 0 0 0 0 0 0 (400,000) 0 Storm Drains 0 0 0 0 0 0 (25,000) 0 Collection Fees 0 0 0 0 0 0 (35,512) 0 Major Maintenance 0 0 0 0 0 0 (306,481 ) 0 Equipment 0 0 0 0 0 0 (169,222) 0 Fleet 0 0 0 0 0 0 (576,934) 0 Asset Mgmt Sub-Total: 169,886 2,094,570 200,000 0 0 0 (1,707,549) (606,397) 150,510 GENERAL FUND TOTAL: 4,256,549 10,936,006 1,716,307 2,924,101 (11,297,768) 0 (1,707,549) (2,674,743) 4,152,903 Parks and Open Space Fund 1,794,385 3,982,995 30,000 (961,823) (66,275) (47,500) (2,008.500) (1,559,~54) 1,164,028 Transportation/Mall Fund 210,678 539,626 0 (306,185) (69,755) 0 (139,700) 0 234,664 Wheeler Transfer Tax Fund Contributions 0 0 0 0 (222,238) 0 0 0 Operations 873,406 1,213,812 535,088 (95,461) (707,970) 0 (203,800) (512,850) e Wheeler Fund Total 873,406 1,213,812 535,088 (95,461) (930,208) 0 (203,800) (512,850) 879,987 'ii" 4 1998 CITY OF ASPEN BUDGET RESOLUTION Detail by Department e (page 2) OVERHEAD & EXPENDITURES ENDING BEGINNING TRANSFERS JOINT DEPT DEBT ASSET TRANSFERS 1998 CASH BALANCE REVENUES IN PAYMENTS OPERATING SERVICE MGMT. OUT BALANCE Parking Improvement Fund 315,701 1,219,564 23,544 (112,915) (243,743) 0 (72.018) (741.228) 388,905 Housing/Day Care Fund * 3,597,472 3,113,877 94,600 (111.356) (423,205) 0 (1,000,000) 0 5,271,388 1979 G.O. Street Improvement Debt Service Fund 0 0 70,000 0 (840) (69,160) 0 0 0 1980 G.O. Housing Debt Service Fund 0 0 498,970 0 (1,470) (497,500) 0 0 0 1995 Sales Tax Refunding Revenue Debt Service Fund 106,317 30,000 1,629,254 0 (1,800) (1,627,454) 0 (30,000) 106,317 1995 Rio Grande Parking Garage Certificates of Participation 0 0 641 ,228 0 (1,400) (639,828) 0 0 0 Improvement Districts Debt Service Fund 51,643 81,500 0 0 (2,520) (130,623) 0 0 0 1992 G.O. Red Brick Debt Service Fund 0 0 360,640 0 (1,260) (359,380) 0 0 0 1992 G.O. City Shop e Debt Service Fund 0 0 228,420 0 (1,260) (227,160) 0 0 0 ~- 1995 Cozy Point Certificates of Participation 0 0 361,018 0 (1,260) (359,758) 0 0 0 Water Fund 927,212 3,542,403 72,563 (436,763) (1,200.173) 0 (704.400) (1,000,000) 1,200,842 Electric Fund 1,208,020 4,438,360 0 (174,413) (3,010,644) (441,587) (110,000) (272,5,63) 1,637,173 Ruedi Hydroelectric Fund 460,863 1,072.758 0 (52,057) (472,993) (547,708) 0 0 460,863 Transportation/Parking Fund 815,877 1,402,603 1,100,000 (118,423) (1,045,121) 0 (7,100) (23.q44) 2,124,292 Golf Course Fund 215,235 943,484 30,000 (86,394) (579,151) (114,730) (149,000) 0 259,444 GIS Enterprise Fund 11.227 87,320 16,120 30,444 (122,248) 0 0 0 22,863 Truscott Place Housing Fund 433,002 749,961 0 0 (299,281) (407,029) 0 (52,4PO) 424,253 Marolt Housing Fund 932,152 791,330 0 0 (295,987) (438.209) (5,000) (42,200) 942,086 Castle Ridge Nofe/R Fund 208,175 513,339 0 0 0 0 0 (498,970) 222,544 Total Budget-All Funds 16,417,914 34,658,938 7,407,752 498,755 (20,068,362) 15,907,626) (6,107,067) (7,407,752) 19,492,552 - 5 e e e NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section I 6 e ., ,. - Section 2 That the City Council hereby authorizes and directs the City Manager to enter into such contracts and execute such documents I 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 (1f);~0 1996. ~ !3r-~'- :;lli 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 ~day Of~A_v 19~6, which Resolution was adopted subsequent to publication and public meetings on such proposed budget held on November 25, 1996. ~r-) vd-~ Kathryn S. Koch, City Clerk 7 e ~ '. ~ ~.. BUDGET RESOLUTION EXHIBIT "A" CITY OF ASPEN 1997 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 $32,495,719 479,573 850,000 315.112 TOTAL USES OF FUNDS: Operating Expenditures Debt Service Capital Expenditures $ (19, 799, 927) (7,326,226) (7,928,098) Ending Unappropriated Balance Totals Net Fund Balance Decrease - All Funds - 1997 8 $17,332,061 $34, 140, 04 $(35,054,2 $16,417,914 $ (914, 1417)