HomeMy WebLinkAboutresolution.council.021-68RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION
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Adopting Budget for the year 1969.
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, 1969, and ending December 31,
1969; and
WHEREAS, the budget as submitted sets forth the following
estimated fiscal data for the year 1969:
1. REVENUE AND BEGINNING SURPLUS
a. Surplus beginning of the year $
b. Anticipated Revenues from all
sources $.
2. EXPENSE AND CLOSING SURPLUS
-0-
1,060,758.31
a. Expenditure requirements
b. Surplus, close of year
THAT THE AGGREGATE EXPENDITURE
REQUIREMENTS BE DIVIDED RESPECT-
IVELY AS FOLLOWS:
1~050,250.90
10,507.41
a. To the General Fund
b. To the Water Fund
c. To the Electric Fund
d. To the Special Assemsment
1963 Fund
e. To the Police Pension Fund
f. To the Special Assessment
1966-1 Fund
g. To the Special Assessment
1967-1 Fund
$__ 452,320.00
$ 263,000.00
$[. 257,500.00
$ 16~337.50
$ 3,405.90
$ 27~425.00
$ 30,262.50
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 deprecation and
amortization of debt discount
$ 14,000.00
$ 51,800.00
N,o
RECORD OF PROCEEDINGS
100 Leaves
WHEREAS, the assessed valuation of taxable property for
the year 1968 in the City of Aspen, as returned by the County
Assessor of Pitkin County, Colorado, is the sum of $9,166~000.00
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Aspen, Colorado:
That the estimated budget expenditures requirement of
$ 1~060~758.31 is declared to be the amount of revenue nec-
essary 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 1,1969, and ending
December 31, 1969.
BE IT FURTHER RESOLVED:
That a tax of six (6) 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 $ 55~000.00
which together with 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, 1969 and ending December 31, 1969.
DATED / DAY Or 1968.
ayor
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 ?f the Resolution adopted by the Aspen City Council
at a regular meetzng held _ _~..~-~_~_~ ~ /~ .
City Cl&rk
N.° 5