HomeMy WebLinkAboutresolution.council.017-69RECORD OF PROCEEDINGS
1oo LEAVES
RESOLUTION No.
(Series of 1969)
Adopting Budget for the year 1970.
WHEREAS, the City Administrator, previously designated
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, 1970, and ending December 31,
1970; and,
WHEREAS, the budget as submitted sets forth the following
estimated fiscal data for the year 1970:
REVENUE AND BEGINNING SURPLUS
a. Surplus beginning of the year
b. Anticipated Revenues from all
sources
EXPENSE AND CLOSING SURPLUS
a. Expenditure requirements
b. Surplus, closing of year
THAT THE AGGREGATE EXPENDITURE
REQUIREMENTS BE DIVIDED RESPECT-
IVELY AS FOLLOWS:
a. To the General Fund
b. To the Water Fund
c. To the Electric Fund
d. To the Special Assessment
1963 Fund
e. To the Police Pension Fund
f. To the Special Assessment
1966-1 Fund
g. To the Special Assessment
1967-1 Fund
$ 1~474~289.7.
$ 1~462~679.~
$ ll,610.q
$ 720~829.~
$ 288~500.q
$ 378~100.0
$ 15~660.q
$ 3~800.0
$ 26,525.q
$ 29~265.9
THAT THE RESERVE FOR DEPRECIATION
AND NON-CASH EXPENDITURES WILL REFLECT
THE FOLLOWING BOOK ENTRIES:
a. Electric Plant depreciation and
amortization of debt discount
b. Water Plant depreciation and
amortization of debt discount
$ 14,000.9
$ 51~800.q
RECORD OF PROCEEDINGS
100 Leaves
WHEREAS, the assessed valuation of taxable property
for the year 1969 in the City of Aspen, returned by the County
Assessor of Pitkin County, Colorado is the sum of $21,231,100.00.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Aspen, Colorado:
That the estimated budget expenditures requirement of
$1,474.289.74 is declared to be the amount of revenue neces-
sary to be raised by tax levy and income from all other sources,
including surplus at the beginning of the year, to pay the current
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, 1970, and ending
December 31, 1970.
BE IT FURTHER RESOLVED:
That a tax of two (2) mills be levied on each dollar of
the assessed valuation of the taxable property in the City of
Aspen for the purpose of raising the sum of $42,462.00 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 fiscal year beginning January 1,
1970 and ending December 31, 1970.
DATED THIS /~day of ~~ , 1969.
MAYOR
I, LORRAINE GRAVES, duly elected 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 Aspen City
Council at a regular meeting held z~z~~ /,~ , 1969.
CITY CLERK
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