HomeMy WebLinkAboutresolution.council.118-04RESOLUTION NO. il
(SERIES OF 2004)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2005 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, 2005 and ending December 31,
2005; 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 as December 15th for 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 at
least 15 days prior to the statutory deadline for certification of the ensuing year's tax levy
to the county, it is the intent of the Council by adoption of this budget to follow the
requirements of City Charter; and
WHEREAS, the budget as submitted in Exhibit A sets for the estimated fiscal
data of appropriated expenditures and estimated revenues for the calendar year of 2005.
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, Colorado for the fiscal year 2005 as submitted in
attachment hereto as Exhibit "A" and incorporated herein by this reference, be and is
hereby adopted, which option all constituted appropriations of the amounts specified
therein as expenditures amounting to $99,187,024, and the estimated budget revenue
requirements of $99,187,024, both in Exhibit A, is hereby declared to be the amount of
revenue necessary to be raised by the tax levy and income from all other sources not
inclusive of fund balance at the beginning of the year of $32,129,607, for total revenues
of $131,316,631, to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2005 and ending
December 31, 2005.
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 November 2004.
I, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a tree and accurate copy of the,
Resolution adopted by the City Cotmcil at its meeting held on the ~ day ofl~f~ber,
2004 which resolution was adopted subsequent to and publication of public meetings on
such proposed budget held on November ~ 2004.
A
2005 Budget Resolution -All Funds Summary- Appendix A
Total Current Total
Beginning Revenue & Expenditures & Ending
Fund # Fund Name Cash Balance Transfers In Transfers Out Balance
General Government Funds
000 Asset Management Plan $239,806 $3,667,63(; $3,589,894 $317,541
001 General Fund $5,094,229 $16,963,51; $18.05§~89`" $3,998,84(
Subtotal General Gov't Funds: $5,~34,035 $20,631,14! ' $21,648,788 $4,316,38!
S~oecial Revenue Funds
'~00 Parks and Open Sp~ce $4~2,~28 $7,495,56`" $7,~49,128 $738,96."
120 Wheeler $1,871,812 $5,010,66~ $2,310,842 $4,571,63.~
130 Lodging Tax Fund $48,955 $831,32(; $831,320 $48,95,"
140 Parking Improvement Fund $425,486 $1,416,084 $1,333,011 $508,55c.
150 Housing Development $13,169,899 $18,297,49~ $19,791,857 $11',~75,53~
151 Early Childhood Educ. Initiative - AVCF $80,922 $162,642 $165,183 $78,381
;152- ..... Kids First $2,87§1006 - $1.137.041 $1.2{~3.987 $2~46,06C
Subtotal, Special Rev. Funds: $18,962,609 $34,350,814 $32,945,329 $20,368,094
Debt Sen/~
220 2004 Parking Facilities COP $0 $689,288 '$689,288 $0
223 1992 Red Bdck G.O. Bonds $0 $364,538 $364,538 $0
226 1999 Sales Tax Revenue Bonds $0 $;I ,{76,550 __ $1,176,5-50 $0
2001 Parks & Op~-n Space Sales Tax
228 Rev. Bonds $0 :. $861,868 $861,868 $0
Subtotal, Debt Service Funds: $(3 $3,092,243 $3,092,243
340 Parks Capital Improvement Fund $8 $20,20~,334 $20,125,321I $80,013
Enterprise Funds --
421 Water Utility $3,924,21~ * $4,964,048 $6~0991292' $2,~88,972
431 Electric Utility $797,833 -- $4,864,070 $4,~6~ ,140 $~ ,200,762
444 Ruedi Hydroelectric Facility - $433,6(~ $406,790 $293,685 $546,770
450 - Transportation Fund '$§,{2,35~ $2,598,619 $2,482,588 $1,058,390
~1 Municipal Golf Course $37,793 $1,173,520 $1,076,299 $135,015
491 Truscott Housing $84,00(~ $1,9~ ,-410 $2,01~i55 $28,255
492 Marolt Housing $991,55(~ $956,258 $1,044,221 $903,587
Subtotal, Enterprise Funds: $7,211,4i~ .... $16,924,715 $17,474,380 $6,661,752
501 Health Ins. Internal Service Fund $300,00(3 $2,875,000 $2,875,000 $300,00(
Trust &~Agency Funds
~20 620 Housing Authority $119,102' $1,052,863 $9~
$193,88[
§22 622 Smuggler Mountain Fund $202,445 $54,914 '~47,883~ $209,47[
Subtotal, Trust & Agency Funds: $321,547 $1,107,776 $1,025,9631 $403,361
ALL FUNDS: i$32,129,607i $99,187,024i $99,187,0241 $32,129,607