HomeMy WebLinkAboutordinance.council.013-08ORDINANCE NO. 13
(Series of 2008)
AN ORDINANCE APPROPRIATING AN INCREASE IN THE WHEELER FUND
OF $8,000,000.
WHEREAS, by virtue of Section 9.12 of the Home Rule Charter, the City Council may
make supplemental appropriations; and
WHEREAS, the City Manager has certified that the City has unappropriated current year
revenues and/or unappropriated prior year fund balance available for appropriations in
the following funds: WHEELER FUND.
WHEREAS, the City Council is advised that certain expenditures, revenue and transfers
must be approved.
WHEREAS, this supplemental appropriation is an interfund loan from the Wheeler Fund
to the Housing Fund, and the loan will be paid along with interest that would have been
earned on invested cash.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
Section 1
Upon the City Manager's certification that there are current year revenues and/or prior
year fund balances available for appropriation in the: WHEELER FUND: the City
Council hereby makes supplemental appropriations as itemized in the Attachment A.
Section 2
If any section, subdivision, sentence, clause, phrase, or portion of this ordinance is for
any reason invalid or unconstitutional by any court or competent jurisdiction, such
portion shall be deemed a separate, distinct and independent provision and such holding
shall not affect the validity of the remaining portion thereof.
Section 3
A public hearing on the ordinance will be held on the 28t° day of April, 2008, in the City
Council Chambers, Aspen City Hall, Aspen, Colorado and public notice of the same was
published in a newspaper of general circulation within the City of Aspen.
INTRODUCED, READ, APPROVED AND ORDERED PUBLISHED AND/OR
POSTED ON FIRST READING on the 14Th day of APRIL, 2008.
ATTEST:
~~ ~i! ~ z~-c8
Kathryn S. I' h, City Clerk ick Ireland, Mayor
FINALLY adopted, passed and approved this 28`h day of Apri] 2008.
ATTEST:
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Total City of Aspen 2007 Appropriations by Fund
und Name 2007 Amended
Expenditure
Budget After # 3
Supplemental
2007
Supplemental #4
2007 Amended
Expenditure
Budget
General Government Funds
Asset Management Plan
General Fund $18,119,770
$31.201.660 $0
~ $18,119,770
831 201 660
Subtotal General Gov't Funds: $49,321,430 $0 $49,321,430
S ecial Revenue Funds
Parks and Open Space
Wheeler Opera House $10,802,160
$4,974,080 $0
$8,000,000 $10,802,160
$12,974,080
Lodging Tax Fund
Parking Improvement Fund
Housing Development $1,266,390
$2,111,060
$53,791,970 $0
$0
$0 $1,266,390
$2,111,060
$53,791,970
Early Childhood Educ. Initiative -
AVCF
$517,320
$0
$517,320
Kids First I Yellow Brick $1 769.240 ~ $1.769.240
Subtotal, Special Rev. Funds: $75,232,220 $8,000,000 $83,232,220
Debt Service Funds
Debt Service Fund 4 083 020 ~ 4 083 020
Subtotal, Debt Service Funds: $4,083,020 $0 $4,083,020
Parks Capital Improvement Fund $4,700,320 $0 $4,700,320
Enterprise Funds
Water Utility $9,951,550 $0 $9,951,550
Electric Utility $6,936,040 $0 $6,936,040
Stormwater Fund $12,910 $0 $12,910
Ruedi Hydroelectric Facility $648,340 $0 $648,340
Transportation Fund
Municipal Golf Course
Truscott Housing $3,941,680
$1,234,780
$2,117,080 $0
$0
$0 $3,941,680
$1,234,780
$2,117,080
Marolt Housing S1 171.950 80 $1.171.950
Subtotal, Enterprise Funds: $26,014,330 $0 $26,014,330
Health Ins. Internal Service Fund $3,182,500 $0 $3,162,500
Trust & A enc Funds
Housing Authority $1,022,200 $0 $1,022,200
Smuggler Mountain Fund
Subtotal, Trust & Agency Funds: 7~3 780
$1,095,980 ~0
$0 7$ 3.780
$1,095,980
ALL FUNDS: $163,609,800 $8,000,000 $171,809,800
Less Interfund Transfers $26,345,410 $8,000,000 $34,345,410
EQUALS NET ALL FUNDS
APPROPRIATIONS:
$137,264,390
$0
$137,264,390