HomeMy WebLinkAboutresolution.council.023-68RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION
NO. ~
SERIES OF 1968
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 Decem-
ber 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
$ 1,060,758.31
2. EXPENSE AND CLOSING SURPLUS
a. Expenditure requirements $ 1,050,250.90
b. Surplus, close of year $ 10,507.41
THAT THE AGGREGATE EXPENDITURE
REQUIREMENTS BE DIVIDED RESPEC-
TIVELY 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 $
h. To the General Obligation Bond
Retirement and Interest
Fund $
452,320.00
173,685.60
257,500.00
16,337.50
3,405.90
27,425.00
30,262.50
89,314.40
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
$ 14,000.00
$ 51,800.00
N.o 99
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 $8,931,440.
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 necessary
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 RASOLVED:
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 sume of $53,588.64, 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; and be it further resolved
that a tax of ten (10) 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 $89,314.40 to be used for the
purpose of meeting the General Obligation Debt Service requirement
for the calendar year beginning January 1, 1969 and ending Decem-
ber 31, 1969.
N.o 100
RECORD OF PROCEEDINGS
100 Leaves
I. Lorraine Graves, do hereby certify that the fore-
going is a true and correct copy of a resolution adopted by the
City Council of the City of Aspen, Colorado at a special meeting
held on the 14th day of Oc.~ober , 1968.
WITNESS my hand and seal of said City this
October , 1968.
15tRay of
City Clerk
N?
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