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RESOLUTION NO. ~
(Series of 1997)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO
ADOPTING THE 1998 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, 1998, and ending December 31,
1998; 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 budget to follow the requirements
of the City Charter in 1998; and
WHEREAS, in accordance with Section 9.4 of the Home Rule
Charter, the budget as submitted on the following two pages and in
Exhibit "A" sets forth estimated fiscal data including anticipated
revenue and expenditures for the calendar year 1998:
1
1998 CITY OF ASPEN BUDGET RESOLUTION - DETAIL BY DEPARTMENT
GENERAL FUND
General & Administrative
Contributions
City Council
CCLC
City Manager
Personnel
1,516,307
Overhead EXPENDITURES
Jt. Dept. Debt
Payments Operating Service
(552,130)
66,193 1226,955)
(33,000)
234,791 (432,809)
60,560 (290,901)
134,224 (408,515)
242,917 (439,307)
309,361 (611,317)
10,001 (540,807)
138,387 (301,764)
159,160 (336,806)
(2,173,6971
(327,256)
128,500)
Asset
Mgmt.
Transfers
Out
Ending
1998 Cash
Balance
Beginning
Balance
Revenues
T ran.fer.
In
3,564,823
(2,085,208)
21
City Clerk
City Attorney
Finance
Planning
Engineering
Building'
Environmental Health
Police
Dispatch'
Radio Maintenance.
Phone Maintenance.
Records' (91,034)
Streets 257,873 96,922 11,070,835)
Parks 82,031 1,211,816 (1,417,6421
Data Processing 309,860 1507,507)
Recreation 324,720 (789,807)
Ice Garden 328,500 (416,0321
.~, ottery 44,400 (35,321)
.::gir,.:t#M::t'm{II:::~::f;m~f:i:f,~f:::t:::::::i*~~~f;:~W!::::I::':1}~:~iit~t=~:I:~:tt@';fi:t~1:I::::::::mM1:I1::i:!~i:I~::::~::tI::::I;::::::ti::~:::::::::::'::::m:I::::':::~:::::::::~:::~:m[\:::::::t:::::Ht~iMilr~::I::::I:~f:*,reM*,:t::::
177,100
75,608
6,729,996
154,868
7,374
159,752
110,288
240,763
(361,018)
(16,120)
. City Share of Joint Depanment Run by Pitkin County
ASSET MNGMNT PLAN
Property Tax Revenue
Senior Property Tax Rebate
Lease & Other Revenue
538,141
200,000
(17,337)
1,822,261
(2,000)
301,800
Capital Projects
Red Brick School
City Hall
D,P. Plan-City Share
Pedestrian Plan
City Shop
Streets Overlay & Imprvmnt (400,000)
Storm Drains 125,000)
Collection Fees (35,5121
Major Maintenance 1255,888)
Equipment (298,378)
Fleet (565,100)
It:::!.:Ii:~i!iilt:.:::t4f&:t:ttIf:~jiJj:~):I::t\:t~t=~l~jl~:I::::::::tm~l;iM:t:I\:t::IIIII:::::~:::::::::::i::::::):::::::::::::::::::::::~::::::tt::::::::::::::::::::::::::\:t::':::::::::::m:::::::::IItt::::dii:lilM:tm:::::::::~~R~i:!tt=~I::III:::Mlig::::
(360,640)
(35,000)
(83,5231
1100,000)
(228,420)
2
1998 CITY OF ASPEN BUDGET RESOLUTION - DETAIL BY DEPARTMENT
Beginning
Balance
Revenues
Transfers
In
Overhead
Jt. Dept.
Payments
EXPENDITURES
Debt
Operating Service
Asset
Mgmt.
Transfers
Out
Ending
1998 Cash
Balance
SPECIAL REVENUE FUNDS
Parks and Open Space Fund
Transportation/Mall Fund
Wheeler Transfer Tax Fund
Contributions 1222,238) (222,2381
Operations 1,375,975 1,654,199 533,840 195,9201 (783,5211 (304,1001 (511,6021 1,868,871
Parking Improvement Fund 346,354 1,237,782 24,000 (113,458) 1250,114) (113,318) 1741,228) 390,018
Housing/Day Care Fund' 4,732,038 3,247,672 94,600 1111,891) (423,2051 12,000,000) 5,539,214
::::t:::::::t1lf#lM:M~{::f*,Mi::::::::::::t~iiMiii@m:J::J:j:!iH~i,If:::::::t~:~'#::~i!t~:::::::::::::::mM*i.~fl:::J::::::::::!if:~;f!I::):::::::tt::::~#i;~BM:::::::::::::::::fti~i~i!~:fg::':::::lf~:~l*,ig~~n::::J::::~t"M;~!~::::
1,472,911
279,543
4,086,014
552,297
436,575
(1,031,614)
(311,059)
166,4811
175,0901
(47,500)
11,675,500)
(139,700)
11,559,254)
1,615,151
305,991
DEBT SERVICE FUNDS & OTHER FUNDS
1979 G.O. Street Improvement
Debt Service Fund
69,643
70,000 18401 (69,160)
481,470 (1,470) (480,0001
42,575 1,629,254 11,800) 11,627,4541
641,228 (1,400) (639,8281
105,000 (2,520) 1130,623)
360,640 (1,260) (359,380)
228,420 ( 1.260) 1227,1601
142,5751
106,317
1980 G.O. Housing
Debt Service Fund
1995 Sales Tax Refunding
Revenue Debt Service Fund
106,317
1995 Rio Grande Parking Gar
Certificates of Participation
---"orovement Districts
t Service Fund
41,501
1 992 G.O. Red Brick
Debt Service Fund
1992 G.O. City Shop
Debt Service Fund
1995 Cozy Point
Certificates of Participation 361,018 11.260) 1359,758)
:::::::::::::t#:tf::II:#~fE:!@ii:j::::::::::t:IU~ii~IIl:::I:::::::tijt~l~~I:::t:f:*~M~~~::::::::::::::::::::::::::::::::::::::::::'t::::::::::::::::::::::::::::::::::::W~:;iM~E:::::::::::!~;!~~~~,~!::::::::::::::::::t:::I::::::::::::IIII::::::II:::::::::::!~~~i~~I::::II:::::::::ltl;it0::::
ENTERPRISE FUNDS
Water Fund 1,139,400 3,783,917 75,000 (452,549) (1,206,5881 (1,292,7361 (1,000,000) 1,046,444
Electric Fund 1,234,755 4,395,069 1175,252) (3,028,320) (439,977) (650,OOO) (275,000) 1,061,275
Rued; Hydroelectric Fund 660,928 1,072,758 (52,308) 1472,993) 1547,708) 660,677
Transportation/Parking Fund 886,548 1,341,130 1,100,000 (118,992) (1,346,373) (75,600) (24,000) 1,762,713
Golf Course Fund 283,750 981,978 30,000 (86,809) (599,700) (114,730) (178,400) 316,089
GIS Enterprise Fund (51.599) 43,000 16,120 30,444 (122,248) (84,283)
Truscott Housing Fund 396,119 754,833 (297,201) 1407,0291 (52,400) 394,322
Marolt Housing Fund 944,142 812,110 (310,668) (439,209) (5,000) (42,200) 959,175
Castle Ridge Note Rec Fund 280,956 513,339 (481,470) 312,825
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3
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
1998 as submitted and attached hereto as Exhibit "A" and incor-
porated 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 $35,439,028 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 beg~nning January 1, 1998, and ending
December 31, 1998.
4
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.
ADO PTED TH IS 1!3
day Of~, 1997.
p,t--
13~
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 ~ ~, 1997,
which Resolution was adopted subsequent to publication and public
meetings on such proposed budget held on November 24, 1997.
~~~~
Kathryn S. Koch, City Clerk
5
BUDGET RESOLUTION EXHIBIT "A"
CITY OF ASPEN
1998 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
Net Fund Balance Increase - All Funds - 1998
6
$33,999,341
-'!:54,783
1,100',000
339,687
$(20,248,492)
(5,889,515)
(8,232,755)
$18,260,744
$35,893,811
$(34,370,762)
$19,783,793
$1. 523,049