HomeMy WebLinkAboutresolution.council.150-17 RESOLUTION NO. 150
(SERIES OF 2017)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2018 MUNICIPAL BUDGET AND
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 City of Aspen,
Colorado for the fiscal year beginning January 1, 2018 and ending December 31, 2018; 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 15`h
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 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 for fiscal year 2018, attach hereto as Exhibit A and incorporated herein by this
reference, is hereby adopted. All constituted appropriations amounting to $158,696,727, and
estimated revenues amounting to $155,171,015, 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
S ven Skadron, Mayor
1, Linda Manning, 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 27th day of November 2017.
Linda Manning, I
ity Clerk
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TOTAL CITY OF ASPEN 2018 APPROPRIATIONS BY FUND - EXHIBIT A
Opening Total
Fund Name Balance Total Revenues Expenditures Ending Balance
001 -General Fund $15,768,661 $32,115,030 $32,990,620 $14,893,071
250-Debt Service Fund $201,890 $5,808,460 $5,804,920 $205,430
100-Parks and Open Space Fund $5,033,454 $12,389,047 $12,268,190 $5,154,311
120-Wheeler Opera House Fund $31,434,976 $5,765,470 $7,145,400 $30,055,046
130-Tourism Promotion Fund $94,273 $2,839,190 $2,837,300 $96,163
131-Public Education Fund $4,152 $2,700,080 $2,700,000 $4,232
132-REMP Fund $4,197,578 $883,950 $1,185,000 $3,896,528
141-Transportation Fund $4,169,326 $5,383,280 $5,838,320 $3,714,286
150-Housi ng Development Fund $32,720,195 $15,113,438 $17,658,150 $30,175,483
152 -Kids First Fund $4,975,522 $2,155,690 $2,063,410 $5,067,802
160-Stormwater Fund $1,385,537 $1,365,760 $1,426,520 $1,324,777
000-Asset Management Plan Fund $14,528,599 $29,896,140 $23,867,830 $20,556,909
421 -Water Utility Fund $3,757,938 $11,023,860 $11,779,450 $3,002,348
431 -Electric Utility Fund $4,126,607 $9,304,830 $11,442,290 $1,989,147
451 -Parking Fund $4,743,384 $4,472,250 $7,362,410 $1,853,224
471 -Golf Course Fund $668,836 $2,278,970 $2,163,160 $784,646
491 -Truscott I Housing Fund $472,014 $1,257,740 $1,489,180 $240,574
492 -Marolt Housing Fund $324,465 $1,228,580 $797,030 $756,015
501 -Employee Benefits Fund $2,627,808 $5,071,060 $5,418,750 $2,280,118
505 -Employee Housing Fund $836,608 $2,444,090 $792,690 $2,488,008
510-Information Technology Fund $389,973 $1,674,100 $1,666,107 $397,966
All Funds $132,461,796 $155,171,015 $158,696,727 $128,936,084
Less Interfund Transfers $30,369,930 $30,369,930
Net Appropriations $132,461,796 $124,801,085 $128,326,797 $128,936,084
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