HomeMy WebLinkAboutresolution.council.152-17 RESOLUTION NO. 152
(SERIES OF 2017)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2018 ASPEN COUNTY INN AFFORDABLE
HOUSING FUND, WHICH IS A COMPONENT UNIT OF THE CITY OF ASPEN,
AUTHORIZING APPROPRIATIONS PURSUANT THERE TO
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 Aspen Country Inn
Affordable Housing Fund for fiscal year beginning January 1, 2018 and ending December 31,
2018; and
WHEREAS, the budget as submitted in Exhibit A sets forth the amount to be appropriated
for expenditure, and estimated revenues, for each accounting fund for the calendar year of
2018,
NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen,
Colorado, Aspen Country Inn Affordable Housing Fund for fiscal year 2018 budget, attach
hereto as Exhibit A and incorporated herein by this reference, is hereby adopted. All constituted
appropriations amounting to $357,350, and estimated revenues amounting to $409,000, are
hereby declared to be sufficient and necessary to pay the expenses and certain indebtedness, and
provide for a reasonable fund balance at the close of the fiscal year beginning January 1, 2018
and ending December 31, 2018, as required pursuant to 29-1-103 (2), C.R.S.
Adopted this 27th, day of November 2017
t
St ven Skadron, Mayor
I, Linda Manning, duly appointed and acting City Clerk of the City of As n, Colorado, do hereby
certify that the foregoing is a true and accurate copy of the Resolution ado ted by the City Council
at its meeting held on the 27th day of November 2017.
Linda Manning, Ci Clerk
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EXHIBIT A
Aspen Country Inn - 2018 Budget
Total 2018 Total 2018
OpeningI Revenue Expenditure 2018 Ending
Fund Name Balance Budget I Budget I Balance $Change %Change
IACI Affordable Housing Fund 1 ($63,783)1 $409,0001 $357,3501 ($12,133)1 $51,6501 81% 1
(7otal 1 ($63,783)1 $409,000 1 $357,350 1 ($12,133)1 $51,650 1 (81%) 1
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