HomeMy WebLinkAboutresolution.council.026-72RESOLUTION NO.
Series of 1972
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, 1973 and
ending December 31, 1973;
AND WHEREAS, the budget as submitted sets forth the
following estimated fiscal data including anticipated revenues
and appropriations for the year 1973. The aggregate appropriation
requirements to be divided as follows:
General Fund 1,505,170
Debt Service Fund
a. 1938 Bond and Interest
b. 1970 Bond and Interest
c. 1972 Bond and Interest
2,040
38,158
290,030
Electric Fund 697,587
Water Fund 503,825
James E. Moore Pool 33,770
Golf Course 47,400
Iselin Concession Stand
7,200
Special Assessments Fund
a. Improvement 'Dis¥~'ict #1
b. Improvement District #66-1
c. Improvement District #67-1
14,295
23,825
26,272
Police Pension
6,505
Employee Retirement Fund
36,259
Land Acquisition & Open Space Fund
409,000
Revenue Sharing Fund
32,000
GRAND TOTAL
3,673,336
(Included in the above appropriations are Inter-fund transfers
amounting to $758,219.)
AND WHEREAS, the assessed valuation of taxable property
for the year 1972 in the City of Aspen, returned by the County
Assessor of Pitkin County, Colorado is the sum of $25,625,480;
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 of Aspen is three and
six-tenths (3.6) mills;
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; that the estimated budget appropriations
requirements of $3,673,336.00 is declared to be the amount of
revenue necessaryLto be raised by 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, 1973, and ending December 31, 1973.
B£ IT FURTHER RESOLVED that for the purposes of
defraying the expenses of the City of Aspen, Colorado during
the fiscal year beginning January 1, 1973, and ending December
31, 1973, there is hereby levied a tax of three and six-tenths
(3.6) mills on each dollar of the assessed valuation of the
taxable property in the City of Aspen, Colorado for the purpose
of raising the sum of $92,251.O0, which together with the surplus
and revenue from all other sources, is estimated to meet budget
expenditure requirements and provide reasonable closing surplus
for the said fiscal year.
BE IT FURTHER RESOLVED that this Resolution No. ,
Series of 1972, shall effectively cancel, replace and supercede
in its entirety that certain Resolution No. 20, Series of 1972
adopted October 17, 1972.
ADOPTED THIS llth day of December, 1972.
the City
going is
by the Aspen City Council at
11, 1972.
I, Lorraine Graves, duly appointed Ci~cy Clerk of
of Aspen, Colorado, do hereby certify that the fore-
a true and correct copy of the Resolution adopted
a regular meeting held December