HomeMy WebLinkAboutresolution.council.022-79RECORD OF PROCEEDINGS
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RESOLUTION NO.~.~
(Ser~es of 1979)
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, 1980, and
ending December 31, 1980; and
WHEREAS, the budget as submitted sets forth the following estimated fiscal
data including anticipated revenues and expenditures for the year 1980:
Revenues Expenditures Transfers Surplus
General Services and
Operation
Land Acquisition Fund
including Park Dedica-
tion Expenditures, Open
Space, and Capital Im-
provements Sales Tax
Transportation/Mall
Sales Tax Fund 1,125,000
Water Fund 949,000
Electrical Fund 1,542,000
Revenue Sharing Fund 95,000
Police Pension Fund 53,500
Employee Retirement Fund 127,000
Transit Fund 833,824
Golf Course Fund 131,350
Ice Rink Fund 117,000
Wheeler Transfer Fund 531,328
1970 Public Purpose
Bond Fund 0
1978 Sales Tax Ref.
Bond Fund 0
Street Improvement -
Const. Fund 1,070,200
Sales Tax Bond Reserve
Fund
3,110,634 (3,527,189) ( 359,051) 11,277
786,883
1,329,500 ( 332,267) ( 923,057) 74,176
( 30,000) (1,091,405) 3,595
( 768,579) ( 100,000) 80,421
(1,323,916) ( 100,000) 118,084
0 ( 95,000) 0
( 13,500) 40,000
( 60,000) 67,000
(1,571,227) 737,403 0
( 226,701) 95,351 0
( 216,570) 100,468 898
( 144,944) ( 29,500) 356,884
( 42,200) 42,200 0
( 689,208) 689,208 0
(1,241,700) 171,500 0
0 ( 75,000) 75,000 0
Total 11,015,336 (10,263,001) 0 752,335
WHEREAS, the assessed valuation of taxable property for the year 1979 in
the City of Aspen returned by the County Assessor of Pitkin County is the sum
of Sixty-one Million Eight Hundred Forty-six Thousand Nine Hundred Dollars
($61,846,900); and
RECORD OF PROCEEDINGS
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WHEREAS, the City Council has determined that the proper mill levy upon
each dollar of the assessed valuation on all taxable property within the City
shall be that determined by the County Assessor sufficient to produce ad
valorem tax proceeds in the amount of $293,772.00.
NOW, THEREFORE, BE IT RESOLVED BY ~[E CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO:
That the budget for the City of Aspen as submitted 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 $11,015,336 is declared to be the amount of revenue necessary
to be raised by the tax levy and income from all other sources, including
surplus at the beginning of the year, to pay the expenses and certain
indebtedness, and to provide a reasonable surplus at the close of the fiscal
year beginning January 1, 1980, and ending December 31, 1980;
BE IT FURTHER RESOLVED that for the purpose of defraying the expenses of
the City of Aspen, Colorado, during the fiscal year beginning January 1, 1980,
and ending December 31, 1980, there is hereby levied a tax on said dollar of
the assessed valuation of the taxable property in the City of Aspen, Colorado,
for the purpose of raising the sum of $293,772.00 which, together with the
surplus and revenue from all other sources, is estimated to meet budget
expenditure requirements and provide a reasonable closing surplus for said
fiscal year.
ADOPTED this /O~day of
, 1979.
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
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RECORD OF PROCEEDINGS
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lh/d3~day of'/~-'~ , 1979, which Resolution was
adopted subsequent to the public hearing on such proposed budget held
December 10, 1979.
Kathryn S. ~ch
City Clerk
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