HomeMy WebLinkAboutresolution.council.094-07RESOLUTION NO. 94
(SERIES OF 2007)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO ADOPTING THE 2008 MUNICIPAL BUDGET AND
AUTHORIZING APPROPRIATIONS PURSUANT THERE TO
WHEREAS, the City Manager, designated by Charter to prepaze 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, 2008 and ending December 31,
2008; 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 final day established by
law as December 15~' 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 yeaz'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 calendaz yeaz of 2008.
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 yeaz 2008 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 $104,744,910, and the estimated budget revenue
requirements of $105,918,800, 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 yeaz of $37,176,105, for total revenues
of $143,094,905, to pay the expenses and certain indebtedness, and provide a reasonable
fund balance at the close of the fiscal year beginning January 1, 2008 and ending
December 31, 2008.
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 regulazly scheduled Council meetings.
Adopted this 26th day of November 2007.
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Michael C. Ire and, Mayor
I, 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 of the
Resolution adopted by the City Council at its meeting held on the 26~' day of November,
2007 which resolution was adopted subsequent to and publication of public meetings on
such proposed budget held on November 12`" and November 26th, 2007. ~
athryn Koch, ¢'yfy Clerk
Total City of Aspen 2008 Recommended Appropriations by Fund
Fund #
Fund Name
Beginning Fund
Balance Total Current
Revenue &
Transfers In Total
Expenditures &
Transfers Out
2008 Ending
Balance
General Government Funds
000 Asset Management Plan $231,547 $5,630,030 $5,390,630 $470,946
001 General Fund 58.530.652 $25.185.870 $25.458.750 $8.257.772
Subtotal General Gov't Funds: $8,762,199 $30,815,900 $30,849,380 $8,728,718
Special Revenue Funds
100 Parks and Open Space $1,913,249 $9,354,230 $9,524,200 $1,743,278
120 Wheeler Opera House $1,570,556 $5,538,480 $3,388,560 $3,720,476
130 Lodging Tax Fund $0 $1,330,360 $1,330,360 $0
140 Parking Improvement Fund 8,780
$61 $1,877,860 $1,528,640 $968,000
150 __
Housing Development _
$591,699 $12,244,600 $12,307,810 $528,488
151 Early Childhood Educ. Initiative -
AVCF _
$25,499
_ $353,090
$347,950
$30,639
152 Kids First /Yellow Brick
Subtotal, Special Rev. Funds: 53.983.235
$8,703,018 51.976.290
$32,674,910 51.780.940
$30,208,480 54.178.585
$11,169,467
Debt Service Funds
250 Debt Service Fund ~ 54.119.480 $4,119,480
Subtotal, Debt Service Funds: $0 $4,119,480 $4,719,480 $0
340 Parks Capital Improvement Fund $0 $2,854,380 $2,854,380 $0
Enterprise Funds
421 Water Utility $9,023,256 _ $6,465,400 $10,065,220 $5,423,436
431 Electric Utility $3,381,367 $6,660,220 $7,418,850 $2,622,737
444 Hydroelectric Facility $620,52_3 $7,086,130 $4,131,560 $3,575,093
450 Transportation Fund 2,815,066
$ $5,241,960 _$5,106,260 $2,950,765
471 Municipal Golf Course _
_
$60,082 $1,258,100 $1,241,320 $76,862
491 Truscott Housing $372,544 $1,771,420 $1,723,820 _. _ $420,143
492 Marolt Housing $1.330.010 _
_ 51.266.180 51.166.480 51.429.709
Subtotal, Enterprise Funds: $17,602,848 $29,749,410 $30,853,510 $16,498,747
501 Health Insurance Fund $900,000 $3,662,430 $3,662,430 $900,000
505 City Employee Housing Fund $0 $1,043,890 $1,043,890 $0
Trust & Agency Funds
620 620 Housing Authority $912,807 $933,000 $1,076,700 $769,107
622 622 Smuggler Mountain Fund 295 234 65 400 76 680 283 954
Subtotal, Trust & Agency Funds: $1,208,041 $998,400 $1,153,380 $1,053,060
ALL FUNDS: $37,178,105 $105,918,800 $104,744,910 $38,349,995
Less Interfund Transfers $20,358,780 $20,358,760
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EQUALS NET ALL FUNDS
APPROPRIATIONS:
$37,178,105 $85,560,040 $84,386,150
$38,349,995