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RESOLUTION No.lb
(SERIES OF 2006)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2007 MUNICIPAL BUDGET AND
AUTHORIZING APPROPRIATIONS PURSUANT THERE TO
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, 2007 and ending December 31,
2007; and
WHEREAS, in accordance with Section 9.8 of the Home Rule Charter, the
Council shall adopt the budget by Resolution on or before the fmal day established by
law as December 15th for certification of the ensuing year's tax levy to the county; and
WHEREAS, Article 9 of the Aspen Home Rule Charter requires the adoption of
an annual budget with the opportunity for the public to participate at a public hearing at
least 15 days prior to the statutory deadline for certification of the ensuing year's tax levy
to the county, it is the intent of the Council by adoption of this budget to follow the
requirements of City Charter; and
WHEREAS, the budget as submitted in Exhibit A sets forth the estimated fiscal
data of appropriated expenditures and estimated reVenues for the calendar year of 2007.
, NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
SECTION 1
That the budget for the City of Aspen, Colorado for the fiscal year 2007 as submitted in
attachment hereto as Exhibit "A" and incorporated herein by this reference, be and is
hereby adopted, which option all constituted appropriations of the amounts specified
therein as expenditures amounting to $91,177,880, and the estimated budget revenue
requirements of$107,353,679, both in Exhibit A, is hereby declared to be the amount of
revenue necessary to be raised by the tax levy and income from all other sources not
inclusive of fund balance at the beginning of the year of$29,528,048, for total revenues
of $136,881,727, to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2007 and ending
December 31, 2007.
SECTION 2
That the City Council hereby authorizes and directs the City Manager to enter into such
contracts and execute such documents on behalf of the City as may be necessary and
customary to expend the funds appropriated for all capital acquisitions within its budget,
and that Council further directs the City Manager to inform it of such contracts and
documents promptly at its regularly scheduled Council meetings.
Adopted this 2g day of November 2006.
1, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a true and accurate copy ofth~I~u>,.. ~ nu'
Resolution adopted by the City Council at its meeting held on the 27th day of~
2006 which resolution was adopted subsequent to and publication of public meetings on
such proposed budget held on November~ 2006. ~
X;~~ )
Kathryn Kochr i l1erk
Total City of Aspen 2007 Appropriations by Fund - Appendix A . A
lotall,;Urrent Total
Beginning Fund Revenue & Expenditures & 2007 Ending
Fund # Fund Name Balance Transfers In Transfers Out Balance
General Government Funds
000 Asset Management Plan $246,243 $6,611,103 $6,782,810 $74,535
001 General Fund $9.245 501 $21.629.264 $22 268.680 $8.606 085
.
Subtotal General Gov't Funds: $9,491,744 $28,240,367 $29,051,490 $8,680,621
Soecial Revenue Funds
100 Parks and Open Space $2,130,919 $11,351,109 $9,211,100 $4,270,928
120 Wheeler Opera House $1,319,535 $5,092,109 $3,803,010 $2,608,635
130 Lodging Tax Fund $0 $1,151,260 $1,151,260 $0
140 Parking Improvement Fund $519,329 $1,738,833 $1,688,410 $569,752
150 Housing Development $656,057 $25,420,337 $12,188,410 $13,887,984
Early Childhood Educ. Initiative -
151 AVCF $0 $135,970 $135,970 $0
152 Kids First I Yellow Brick $3.562.327 $1.795476 $1 680.660 $3.677 143
Subtotal, Special Rev. Funds: $8,188,166 $46,685,094 $29,858,820 $25,014,441
Debt ::;ervice Funds
250 Debt Service Fund iQ $3.758.360 $3 758.360 iQ
Subtotal, Debt Service Funds: $0 $3,758,360 $3,758,360 $0
340 Parks Capital Improvement Fund $0 $2,496,660 $2,496,660 $0
Enterprise Funds
421 Water Utility $5,191,688 $6,145,365 $7,532,880 $3,804,173
431 Electric Utility $916,101 $6,682,204 $6,400,420 $1,197,884
444 Ruedi Hydroelectric Facility $738,338 $439,534 $442,230 $735,641
450 Transportation Fund $1,980,833 $4,056,555 $3,229,100 $2,808,289
471 Municipal Golf Course $114,298 $1,160,620 $1,162,690 $112,229
491 Truscott Housing $178,496 $2,359,256 $2,006,830 $530,922
492 Marolt Housing $923.604 $967 230 $983.950 $906.884
Subtotal, Enterprise Funds: $10,043,358 $21,810,764 $21,758,100 $10,096,022
501 Health Ins. Internal Service Fund $900,000 $3,162,500 $3,162,500 $900,000
Trust & Agency Funds
620 620 Housing Authority $637,174 $1,134,960 $1,018,170 . $753,965
622 622 Smuggler Mountain Fund $267.606 $64.974 $73.780 $258.800
Subtotal, Trust & Agency Funds: $904,780 $1,199,934 $1,091,950 $1,012,764
ALL FUNDS: $29,528,048 $107,353,679 $91,177 ,880 $45,703,848
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