HomeMy WebLinkAboutresolution.council.020-76RECORD OF PROCEEDINGS
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RESOLUTION NO. ~O
(Series of 1976)
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, 1977, and
ending December 31, 1977; and
WHEREAS, the budget as submitted sets forth the
following estimated fiscal data including anticipated revenues
and expenditures for the year 1977:
General Services and Operation
Land Acquisition Fund including
Park Dedication E~penditures,
Open Space, and Capital Im-
provements Sales Tax
Transportation/Mall Sales Tax Fund
Water Fund
Electric Fund
Revenue Sb~ring Fund
Police Pension Fund
Employee Retirement Fund
Trust Fund
1970 Public Purpose Bond Fund
1972 Sales Tax Rev. Bond Fund
1973 Sales Tax Rev. Bond Fund
1976 Sales Tax Rev. Bond Fund
Sales Tax Bond Reserve Fund
Street Imp. District #1-63
Street Imp. District ~66
Street Imp. District #67
Total
Revenues
Expenditures Transfers
2,499,955 (2,605,010) 148,000
(42,945)
Surplus
1,184,021 (546,386) 100,000 186,323
(550,812)
797,075 (523,000) (274,075) -0-
1,729,700 (1,529,700) (200,000) -0-
1,146,504 (1,133,772) -O- 12,732
45,000 -0- (45,000) -0-
45,300 (3,000) -0- 42,500
116,000 (20,000) -0- 96,000
16,570 (13,500) (3,000) 70
-0- (42,945) 42,945 -0-
-0- (419,500) 419,500 -0-
-0- (198,720) 198,720 -0-
-0- (81,667) 81,667 -0-
-0- -0- 125,900 125,000
-0- -0- -0- -0-
-0- -0- -0- -0-
400 (28,700) -0- (28,300)
7,580,725 (7,146,400) -0- 434,325
RECORD OF PROCEEDINGS
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WHEREAS, the assessed valuation (assessed at 30%) of
taxable property for the year 1976 in the City of Aspen returned
by the County Assessor of Pitkin County, is the sum of Seventy-
Two Million Eight Hundred Twenty-One Thousand One Hundred
Seventy ($72,821,170.00) Dollars; 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;
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 appropria-
tions of the amounts specified therein as expenditures from the
funds indicated; and that the estimated budget expenditure
requirements of $7,580,725.00 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 1, 1977, and ending December 31, 1977;
BE IT FURTHER RESOLVED that
ing the expenses of the City of Aspen,
fiscal year beginning January 1, 1977,
for the purpose of defray-
Colorado, during the
and ending December 31,
1977, 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
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RECORD OF PROCEEDINGS
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closing surplus for said fiscal year.
.~OPTED this~ day of ~~ , 1976.
· ~____. ~..- ,.~ ~ ~
" Stacy ~ana~y III~ /
I, KATHRYN S. I~UTE~a~/'appolnted a~ctl~lty
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 ~ ~
1976, which Resolution was adopted subsequent to the public
hearing on such proposed budget held October 25, !976, 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 9.5 of the Aspen Home Rule Charter.
[,.athryn ,S// H~uter
City Clerk
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