HomeMy WebLinkAboutordinance.council.029-88 ORDINANCE NO.
(Series of 1988)
AN ORDINANCE RECOGNIZING GENERAL FUND REVENUES OF $75,500;
APPROPRIATING GENERAL FUND EXPENDITURES OF $56,450; REDUCING
GENERAL FUND EXPENDITURES OF $5,000; RECLASSIFYING PREVIOUSLY
APPROVED EXPENDITURES WITHIN THE GENERAL FUND OF $1,750;
TRANSFERRING $192,000 FROM THE GENERAL FUND TO THE ICE GARDEN
FUND; RECOGNIZING LAND FUND REVENUES OF $40,800; APPROPRIATING
LAND FUND EXPENDITURES OF $87,835; RECOGNIZING WHEELER TRANSFER
TAX FUND REVENUES OF $10,000; APPROPRIATING WHEELER TRANSFER TAX
FUND EXPENDITURES OF $10,000; REDUCING 1985 SALES TAX REFUNDING
REVENUE DEBT SERVICE FUND EXPENDITURES OF $60,000; REDUCING 1987
SALES TAX REFUNDING REVENUE DEBT SERVICE FUND EXPENDITURES OF
$45 ,000; APPROPRIATING WATER FUND EXPENSES OF $25,000;
APPROPRIATING ELECTRIC FUND EXPENSES OF $9,100; APPROPRIATING
GOLF COURSE FUND EXPENSES OF $105,000; REVERSING A TRANSFER OF
$60,000 FROM THE GOLF COURSE FUND TO THE 1985 SALES TAX REFUNDING
REVENUE DEBT SERVICE FUND; REVERSING A TRANSFER OF $45,000 FROM
THE GOLF COURSE FUND TO THE 1987 SALES TAX REFUNDING REVENUE DEBT
SERVICE FUND; APPROPRIATING ICE GARDEN FUND EXPENSES OF $192,000;
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 available for appropriation
in the General Fund; Wheeler Transfer Tax Fund; Golf Course Fund;
and unappropriated prior year fund balance available in the
General Fund; Land Fund; Water Fund; Electric Fund; and Ice
Garden Fund; and
WHEREAS, the City Council is advised that certain expendi-
tures, revenues and transfers must be approved,
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 available for appropriation in the General Fund,
Wheeler Transfer Tax, Golf Fund, and unappropriated prior year
fund balance in the General Fund, Land Fund, Water Fund, Electric
Fund, and Ice Garden Fund, the City Council hereby makes supple-
mental appropriations as itemized in Exhibit "A" attached.
Section 2
If any section, subsection, sentence, clause, phrase or
portion of this ordinance is for any reason held invalid or
unconstitutional by any court of 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 shall be held on the
//_~_~___ day of ~ ........ , 1988, at 5:00 p.m. in the
City Council Chamber, Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided by law by the
City Council of the City of Aspen, Colorado, at its regular
held at the City of Aspen,_f _~___~__ -_~_~_ ...... , 1988.
meeting
William Stirling, Mayor
ATTEST:
Kathryn Koch, City Clerk
FINALLY adopted, passed and approved on the day of
William Stifling, Mayor
ATTEST .'
~ -City Clerk
E X H I B I T "A"
GENERAL FUND
Rev e nues
General and Administrative
Refund of Insurance
Deposit - CIRSA (1,000)
City Manager
Personnel assistant (9,000)
(Pitco share)
Planning
Pitco share Zoning (15,500)
Building
Building permits (25,000)
(City Share)
Capital Projects
Parking structure (25,000)
(RFTA)
Total Revenues (75,500)
Expenditures
General and Administrative
Insurance Pool 1,000
City Council
Reclassify contingency
funds (1,750)
Handicapped access guide 1,500
(contingency funds)
HPC plaques 250
(contingency funds)
City Manager
City Hall renovation (5,000)
(accounting entry/Zoning &
Building office equipment)
Personnel assistant 600
(supplies and services)
Exhibit "A" cont.
GENERAL FUND
Planning
Zoning
Staffing 26,000
Furniture 5,000
Building
Staffing 10,000
Furniture 2,500
Supplies and services 1,350
(City share)
Housing
Enforcement program 10,000
(department request)
Total expenditures 51,450
Transfers
To Ice Garden Fund 192,000
(Capital improvements)
Total transfers 192,000
LAND FUND
Revenues
Lease revenue
Red roof inn (36,800)
(Aspen ski company)
Marolt property (4,000)
(Ruth Stone)
Total revenues (40,800)
Exhibit "A" cont.
LAND FUND
Expenditures
Red roof inn
Utilities (1988 est.) 30,000
Property taxes 16,835
Volleyball courts 12,000
(Koch property)
Bass park 3,800
(property taxes)
Rio Grande 3,600
(professional fees)
Moore pool improvements 18,100
(1987 sales tax revenues)
Debt service 3,500
(processing fees)
Total expenditures 87,835
WHEELER TRANSFER TAX FUND
Rev e nues
Concession sales
(increased activity) (10,000)
Total revenues (10,000)
Expenditures
Wheeler concessions 10,000
(increased activity)
Total expenses 10,000
1985-SALES TAX REFUNDING REVENUE DEBT SERVICE FUND..
Expenditures
Debt Service (60,000)
(accounting entry)
Total expenditures (60,000)
Transfers
From Golf Course Fund 60,000
(accounting entry)
Total transfers 60,000
Exhibit "A" cont.
1987 SALES TAX REFUNDING REVENUE DEBT SERVICE FUND
Expenditures
Debt Service (45,000)
(accounting entry)
Total expenditures (45,000)
Transfers
From Golf Course Fund 45,000
(accounting entry)
Total transfers 45,000
WATER FUND
Expenses
Professional fees 25,000
(Music and Cope)
Total expenses 25,000
ELECTRIC FUND
Expenses
South Galena/South Mill
improvement project 9,100
(electrical conduit)
Total expenses 9,100
GOLF COURSE FUND
Expenses
Debt Service 105,000
(accounting entry)
Total expenses 105,000
Transfers
To 1985 Sales Tax Refunding
Revenue Debt Service Fund (60,000)
(accounting entry)
To 1987 Sales Tax Refunding
Revenue Debt Service Fund (45,000)
(accounting entry)
Total transfers (105,000)
Exhibit "A" cont.
ICE GARDEN FUND
ExDenses
Cooling system 89,000
(Capital improvements)
Rink boards 103,000
(Capital improvements)
Total expenses 192,000
Transfers
From General Fund (192,000)
(Capital Improvements)
Total Transfers (192,000)