HomeMy WebLinkAboutresolution.council.025-78RECORD OF PROCEEDINGS
RESOLUTION NO.~'-
(Series of 1978)
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, 1979, and
ending December 31, 1979; and J
WHEREAS, the budget as submitted sets forth the following
estimated fiscal data including anticipated revenues and expen-
ditures for the year 1979:
REVENUES EXPENDITURES
General Services & Operation 2,759,021 (3,256,581) 497,762
202
Land Acquisition Fund inclu-
ding Park Dedication Expen-
diture, Open Space, and
Capital Improvements
Sales Tax 1,060,165
287,216) (470,027) 322,922
Transportation/Mall Sales
Tax Fund
980,165
65,650) (706,003) 206,512
Transit Fund
600,000 (1,062,098) 462,098
Water Fund 901,686 ( 826,686) (75,000)
Electric Fund 1,443,223 (1,083,235)
Golf Course Fund 87,980 ( 187,766)
Revenue Sharing Fund 95,000
Police Pension Fund 46,000 ( 13,500) ....
Employee Retirement Fund 113,000 ( 60,000) ....
(280,000)
100,000
79,988
214
32,500
53,000
Trust Fund
Lease Purchase Debt Service .... ( 9,631) 9,631
1970 Public Purpose Bond Fund .... ( 44,340) 44,340
1972 Sales Tax Rev. Bond Fund
1973 Sales TaxRev. Bond Fund
1976 Sales Tax Rev. Bond Fund
Sales Tax Bond Reserve Fund ....
1978 Sales Tax Bond Fund ....
Total $8 306,240
(514,199) 514,199
($7,410,902) -.___~
~695,338
RECORD OF PROCEEDINGS
WHEREAS, the assessed valuation of taxable property for the
year 1977 in the City of Aspen returned by the County Assessor
of Pitkin County, is the sum of Fifty-nine Million Two Hundred
Sixty-two Thousand Three Hundred Ninety Dollars ($59,262,390); and
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
the County Assessor sufficient to produce
in the amount of $119,117.70;
that determined by
ad valorem tax proceeds
NOW, THEREFORE, BE IT RESOLVED BY THE 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 $8,106,~40 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 of the City, including interest upon
the indebtedness, and to provide a reasonable surplus at the
close of the fiscal year beginning January l, 1979, and ending
December 31, 1979;
BE IT FURTHER RESOLVED that for the purpose of defraying
the expenses of the City of Aspen, Colorado, during the fiscal
year beginning January l, 1979, and ending December 31, 1979,
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 $119,117.00 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.
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RECORD OF PROCEEDINGS
I, KATHRYN S. KOCH,
of the City of Aspen, Colorado, do hereby certify that the
foregoing is a true and correct copy of the Resolution adopted
by the City Council at its meeting held ~~ /~ ,
i978, which Resolution was adopted subsequent to the public
hearing on such proposed budget held Novemberl3, 1978, and
prior to the final day established by law for the certification
of the ensuring year's tax levy to Pitkin County, all as required
by Sections 9.6 and 9.3 of the Aspen Home Rule Charter.
Ka~c hr yn S~/Koeh
City Clerk
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