HomeMy WebLinkAboutresolution.council.016-77RECORD OF PROCEEDINGS
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RESOLUTIOI.~ i'50. /6
(Series of 1977)
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, 1978, and ending December 31,
1978; and
WHEREAS, the budget as submitted sets forth the following
estimated fiscal data including anticipated revenues and expen-
ditures for the year 1978:
General Services and Operation
Land Acquisition Fund including
Park Dedication _Expenditures,
'.Open Space, and Capital Im-
provments Sales Tax
Transportation/Mall Sales Tax Fund
Water Fund
[~lectric Fund
Revenue Sharing Fund
Police Pension Fund
E~ployee Retirement Fund
Trust Fund
Lease Purchase Debt Service
1970 Public Purpose Bond Fund
1972 Sales Tax ?~v. Bond Fund
1973 Sales Tax Rev. Bond Fund
1976 Sales T~x Rev. Bond Fund
Sales Tax Bond Reserve Fund
Revenues Expenditures Transfers Surplus
2,528,303 (2,969,480) (50,791) 26,710
418,678
992,500 ( 230,500) (748,262) 13,738
820,500 (446,148) (356,278) 18,074
1,077,950 (1[027,950) (50,000) -0-
1,284,204 (1,181,390) (50,000) 52,214
95,665 -0- (95,J65) -0-
45,500 ( 13,500) -0- 32,000
113,000 ( 59,500) -0- 53,300
16,570 ( 13,500) ( 3,000) 70
-0- ( 60,413) 60,413 -0-
-0- ( 41,160) 41,160 -0-
13,000 ( 461,825) 448,825 -0-
14,000 ( 214,S70) 200,670 -9-
-0- ( 109,250) 109,250 -0-
-0- -0- 75,000 75,000
7,101,192 (6,229,286)
-0- 271,906
WHEREAS, the assessed valuation of taxable property for the
year 1976 in the City of Aspen returned by the County Assessor of
RECORD OF PROCEEDINGS
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Pitkin County, is the sum of Fifty Six Million Two Hundred Forty
One Thousand Five Hundred Dollars ($56,241,500); 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 that determined by the
County Assessor sufficient to produce ad valorem tax proceeds
in the amount of $113,000.00;
~IOW, THEREFORE, DE 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 expenditure requirements
of $7,101,!92 is declared to be the amount of revenue necessary to
be raised by the tax levy and income from all other sources, inclu-
ding 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 1, 1978, and ending
December 31, 1978;
2~E IT FURTHER RESOLVED that for the purpose of defraying
the expenses of the City of Aspen, Colorado, ~uring the fiscal
year beginning January 1, 1975, and ending December 31, 1978,
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 $113,000.00 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 ~ ;lay of ~ , 1977.
Stacy ~~
~ayor/ ~/
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RECORD OF PROCEEDINGS
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I, KATHRYN S. HAUTER, duly appointed and acting City Clerk
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 L/~~/._f~.~ ~7~' ,
1977, which Resolution was adopted subsequent to the public
hearing on such proposed budget held October 24, 1976, and
prior to the final day established by law for the certification
of the ensuing year's tax levy to Pitkin County, all as required
by Sections 9.6 and 9.3 of the Aspen Home Rule Charter.
2fathryn S~Hauter
City Clerk
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