HomeMy WebLinkAboutresolution.council.006-60RESOLUTI ON
Adopting Budget for the year 1961.
Whereas, the City Administrator previously designated te
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, 1961, and ending December ~1, 1961,
and
Whereas~ the budget as submitted sets forth the following
estimated fiscal data for the year 1961,
1.. Revenue and beginning surplus
a.. Surplus beginning of the year $71,628.81
bo Anticipated revenue from all sources $3hT~h68.28
2o Expense and closing surplus
ao Expenditure requirement
bo surplus, close of year
3. That the aggregate expenditure requirement
be divided respectively as follows:
to the General Fund
to the Water Fund
Co to the Electric Fraud
$359,668.72
$ 61,528.31
$163,391.32
8o,58o.36
115,697 °04
Whereas, the assessed valuation of taxable property for the
year 1960 in the City of Aspen, as returned by the Counby Assessor of
Pitkin County, Colorado, is the sum of $~,08~,590.00~
Now, therefore, be it be resolved by the City Council of the
City of Aspen, Colorado,
That the estimated budget expenditure requirement of $319,668.72
is declared to be the amount of revenue necessary to be raised by tax
levy and income from other sources, including surplus at the beginning
of the year, to pay the current expenses; and certain indebtednesses,
including interest upon indebtedness of the City and to provide a reason-
able surplus at the close of the fiscal year beginning January l, 1961,
and ending De~ember 31, 1961.~
Be it further resolved that a tax of EiEhteen and eight tenths
(18.8) mills be levied on each Dollar ($1.00) of the assessed valuatiea
of the taxable property in the City of Aspen for the purpoae of rai$iig
the sum of $55,519.~22 which together with surplus and revenue from all
other sources, is estimated to meet the budget expenditure requir~sments
and to provide a reasonable surplus for the fiscal year beginning Jan-
uary l, 1961 and ending December 31, 1961.
Adopted and approved this 24th day of October, 1960~
the amount should be $57,986°53 - See minutes of adjourned meeting of
October 27, 1960