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HomeMy WebLinkAboutbocc.res.079.2001 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO, PROVIDING FINAL SUPPLEMENTAL APPROPRIATIONS TO THE 2000 BUDGET Resolution #01L9 Recitals 1) More revenues are anticipated to be received in 2000 than were appropriated, resulting in a portion of unappropriated fund balance available for unanticipated expenditures that occur during the year; and 2) Certain revenues will become available that were not anticipated during the preparation of the 2000 budget; and 3) Certain revenues anticipated to be received in 2000 will not be realized and will result in a decrease in fund balance; and 4) Funds budgeted in 2000 can now be determined to be in excess of those needed for specific projects and can be returned to fund balance; and 5) Funds for certain purposes were appropriated in the 2000 budget, and in fact, these purposes will not be completed until 2001, resulting in the need to unappropriate these funds in the 2000 budget; and 6) Upon due and proper notice, published in accordance with the law, said supplemental budget was open for inspection by the public at a designated place, a public hearing was held on May 23, 2001, and interested taxpayers were given an opportunity to file or register any objections to said supplemental budget. NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin County, Colorado that adjustments be made to the 2000 budget as follows: Previous Revised Budget This Change Proi Budget GENERALFUND GENERAL REVENUES, TRANSFERS, AND COST CENTER ASSET PURCHASES Genera!Revenues and Transfers Additional resources are needed from the Enhanced 911 fund to complete the replacement and installation of Enhanced 911 radio console and Computer-Aided-Dispatch (CAD), started in 1999. The capital replacement budget resides in the general fund, so a transfer will be made from the Enhanced 911 fund for this budget increase. Transfer from Enhanced 911 (revenue) 101,818 21,007 122,825 GENERAL REVENUE AND TRANSFER SECTION NET REVENUE (EXPENDITURE) CHANGE 21,007 1 Previous Revised Budget This Budget Proi Budget ADMINISTRATIVE SERVICES SECTION Board of County Commissioners Board of County Commissioners has given conceptual approval to increasing the funding for the major Pitkin County Code update. Initial budget commitment was $ 15,000, given in 1999. An additional $ 8,400 was approved for the 2000 budget. Pitkin County code update expenditures 13,990 8,400 22,390 Administrative Services Director department We found an old project that had been approved but not appropriated from spring of 2000: To provide financial analysis and modeling services to Pitkin County for several projects during the summer of 2000. Projects to include 1999 HUTF report, Boundary Change Study and support for staff absences in the Finance department. The projects are Airport Rental Car Facility Loan, Employee Retirement Plan, Investment Broker Search, and 1999 Cost Allocation Data and some technical support for 2001 budget process. Financial Consultant expenditures 0 35,000 35,000 County Assessor department County Attorney estimated in 1999 that the St. Regis appraisal process would cost $ 30,000. Testimonies were completed during the summer of 2000, so this project was carried over into 2000. We need to appropriate additional $ 2,750 to complete the project. St. Regis appraisal expenditures 23,000 2,750 25,750 County lease/purchase department Additional resources are needed from the Enhanced 911 fund to complete the replacement and installation of Enhanced 911 radio console and Computer-Aided-Dispatch (CAD), started in 1999. The capital replacement budget resides in the general fund, so a transfer will be made from the Enhanced 911 fund for this budget increase. Enhanced 911 & CAD replacement expenditures 240,993 21,007 262,000 Operating Savings department $ 160,000 credit was budgeted initially to cover merit raises that were budgeted in individual departments but is really funded from general labor attrition and savings. This budget is reversed at the end of each year because actual savings can be demonstrated then. Operating savings expenditures (160,000) 160,000 0 ADMINISTRATIVE SERVICES SECTION NET REVENUE (EXPENDITURE) CHANGE (227,157) ENVIRONMENTAL QUALITY SECTION Community Development (Planning and Zoning division) Update revenue budgets for various divisions of Community Development: 2 Previous Revised Budget This Budget Proi Budget Planning & Zoning Even during the LUC moratorium of 2000, Pitkin County's land use code process revenues exceed budget by $ 50,000. Planning &zoning operating revenues 377,725 50,000 427,775 Building Inspection & Community Development Administration Increased construction activity created increased revenues from various sources: Contractor licenses 27,000 Construction permits 252,000 Plumbing permits 38,000 Energy Code Review 26,000 Plan Check fees 160,000 503,000 Building Inspection operating revenues 788,053 503,000 1,291,053 553,000 Some of these revenues have already been earmarked for specific uses in 2001: Balance the 2000 budget 150,000 Fund 2000 Comprehensive Long-range Plans 86,925 236,925 Environmental Health department Pitkin County received a United States Forest Service grant for snow pack sampling work done in the Aspen area. This is to study contaminants along roadways caused by snowmobiles. We will receive $4000 in a grant from the USFS and $7,000 in contributions. USFS snow pack sampling revenues 0 11,000 11,000 USFS snow pack sampling expenditures 0 11,000 11,000 0 A number of changes in the Environmental Health department in 2000 resulted in budget changes: 1) In June 1, 2000, the administrative assistant position become County-only. Previously it was shared with the City of Aspen: Pitkin —62%, City of Aspen— 38 %. This costs the County approximately $ 7,700 for the remainder of 2000. 2) Due to streamlining of the referral process for land use reviews, major referral fees were lost - $ 11,000. Some efficiencies were achieved as a result. 3) Moving the County department to their new offices in the Schultz Health & Human Services (in the old Social Services offices) resulted in moving costs, nominal furniture acquisition, and purchase of computer printers, FAX machines, storage cabinets, and other work equipment that was historically shared in the joint department. The move occurred at the end of October. Cost totaled $ 10,000. 4) Transferring the Environmental Health staff to the County payroll on January 1, 2001 resulted in $ 9,638 in labor costs recognized in 2000. Days of the first payroll of 2001 occurred in both 2000 and 2001. Consequently, there will be labor savings In 2001. 5) The Environmental Health department used a number of the County's cost centers during 2000, for which there was no budget: Fleet Management maintained and fueled department vehicles in 2000 ($ 8,000), Office Services provided start-up office supplies for the office move, etc. ($ 2,000). 3 Previous Revised Budget This Budget Prom Budget Environ. Health operating revenues 85,912 (11,000) 74,912 Environ. Health operating expenditures 213,377 21,338 230,715 Environ. Health cost center expenditures 3,495 10,000 13,495 Environ. Health computer purchase expenditures 5,550 5,000 10,550 Environ. Health office equip. purchase expenditures 0 1,000 5,000 48,338 Housing Office and County Housing Projects The Housing Office asks for a revision of 2000 budgets at year-end. County Housing Projects: An internal investigation, using outside private investigators, was conducted pursuant to an allegation of impropriety of a staff member of the Housing Office, in his/her private association with the owners of W/J Ranch. W/J investigation expenditures 0 16,400 16,400 W/J loan interest payment expenditures 0 10,000 10,000 W/J lawsuit expenditures 34,128 22,500 56,628 W/J unit conversion & maintenance expend 25,000 2,000 27,000 Aspen Mass housing project expenditures 27,500 40,000 67,500 These additional project costs are funding from the County's payment-in-lieu-of-housing payments, found in a designated fund balance of the general fund. Changes in the Housing Office operations The Housing Office underbudgeted sales and sales application fee revenue in 2000. Sales revenues $ 110,000 Sales application fees revenue 4,800 $ 114,800 These excess revenues will reduce both the City and County's subsidy for Housing Office Operations, by $ 57,400 each. Housing Office subsidy expenditures 120,008 (57,400) 62,608 ENVIRONMENTAL QUALITY SECTION NET REVENUE (EXPENDITURE) CHANGE 471,162 PUBLIC SAFETY SECTION Sheriff's Office Request for early replacement of a patrol vehicle: Unit#76, a 1995 Jeep Cherokee, has had extensive electrical work done in attempt to correct a series of problems. (The problems have been created from the mounting of gun racks and light-bars that compromised the door water seals and let water enter the vehicle and saturate the electrical system on the floor area.) Funding comes from prior year savings in the general fund. Sheriff vehicle replacement expenditures 0 32,625 32,625 Sheriff Sale of fixed assets revenue 0 7,250 7,250 25,375 4 Previous Revised Budget This Budget Proi Budget Jail building department At the end of 1999, it was discovered that the computer system that facilitated the Jail Master Control (locking system) was not Y2K compatible. We processed bills into 2000. A final bill was received and paid in September, but budget is needed for the final billings. Unfortunately, initial estimates in 1999 for the project were performed quickly due to the emergency situation. The initial estimate totaled $ 24,000. The total project cost $ 47,989, expensed in 1999 and 2000. Jail door computer project expenditures 17,000 24,217 41,217 PUBLIC SAFETY SECTION NET REVENUE (EXPENDITURE) CHANGE (49,592) PUBLIC WORKS SECTION Translator Operating department During spring of 2000, Pitkin County was awarded a state grant, affectionately titled, the beanpole grant. This grant offers technical assistance for the Four Rivers Telecommunications planning project to share planning information with other rural communities of Colorado. This study will provide information about rural residents access, costs, services, and reliability of telecommunication. Beanpole Grant state revenues 0 30,000 30,000 Beanpole Grant expenditures 0 33,000 33,000 3,000 Internet-fiber optics study expenditures 10,000 (3,000) 7,000 PUBLIC WORKS SECTION NET REVENUE (EXPENDITURE) CHANGE (0) HUMAN SERVICES/COMMUNITY RELATIONS SECTION Community Relations department At the time that the Community Relations Director position was created, it was funded from a number of different budgets: 1) Human Service Director salary 2) A portion of the second Assistant County Manager's salary County Manager's operating expenditures 377,353 (13,316) 364,037 Community Relations operating expenditures 0 108,500 108,500 Human Services Administration operating expenditures 160,595 (95,184) 65,411 0 HUMAN SERVICES/COMMUNITY RELATIONS SECTION NET REVENUE (EXPENDITURE) CHANGE 0 5 Previous Revised Budget This Budget Proi Budget COUNTY MANAGER APPROVED PROJECTS <$ 10,000 Various departments created budget changes whereby new expenditures were balanced by new revenues (or both revenues and expenditures were decreased in a like manner). Another budget transfer found here includes transfers between funds. A summary of those 2000 changes by department follows: Board of County Commissioners BOCC e-mail search expenditures 0 5,686 5,686 BOCC e-mail search reimbursement revenue 0 5,686 5,686 0 Detention Operations Jail's detoxification revenues 0 6,000 6,000 Jail's detoxification expenditures 0 6,000 6,000 0 Sheriff's Office Tipsy Taxi revenue 10,000 (6,000) 4,000 Tipsy Taxi expenditures 10,000 (6,000) 4,000 0 County Attorney department Attorney's litigation pool expenditures 60,362 (10,000) 50,362 Planning & Zoning division of Community Development fund Fair share/impact fees study expenditures 135,000 10,000 /;2j 000 0 Environmental Health department Colorado Health Alert grant revenue 0 3,000 3,000 Colorado Health Alert grant expenditures 0 3.000 3,000 0 COUNTY MANAGER <$ 10,000 PROJECT SECTION NET REVENUE (EXPENDITURE) CHANGE 0 GENERAL FUND GRAND TOTAL NET REVENUE (EXPENDITURES) CHANGE 2159420 USE TAX FUND County-side road proiects Reduce inaccurate increase to State of Colorado CMAQ (air quality) grant, used to pave Owl Creek Road. The adjustment to the grant revenue in August, 2000 was incorrect. The grant does not increase by $78,530. An error was made in a Memo of Interest. Owl Creek Road (CMAQ grant) revenues 456,310 (78,530) 377,780 6 Previous Revised Budget This Budget Prom Budget Highway 82 road proiects The unspent portion of the 1999 contribution from the 0.5-Cent Mass Transit Sales and Use Tax Fund for the roundabout road project needs to be carried over into the Use Tax Fund, as a transfer between these two funds. Earlier in the year, the 1999 balance of the roundabout project budget was carried over. Transfer from 0.5 sales/ use tax fund (revenue) 0 127,692 127,692 Increase in Highway 82 Fund Balance 127,692 Decrease in County-side Fund Balance (78,530) USE TAX FUND NET REVENUE (EXPENDITURES) CHANGE 49,162 ASPEN AMBULANCE DISTRICT FUND Ambulance Operating department Ambulance district purchased an off-road truck in 2000. Fund for the vehicle: state grant contribution for $17,174 and Aspen Valley Medical Foundation for another $17,174. The county received $17,174 from AVMF in 1999 which was assigned to the Ambulance District's fund balance. Therefore only the state grant revenue will be received in 2000 and the other is being unappropriated Off road truck revenues 34,348 (17,174) 17,174 Some year-end budget clean-up is necessary to resolve final, net cost of the off-road truck that was purchased, partly with state EMS grant funding. Also we are infusing the operations budget for resources moved to the truck purchase. Additional investment income was earned, to off-set the expenditure increases. Ambulance general revenues (investment revenue) 255,939 9,200 235,139 Ambulance operation's expenditures 223,048 6,000 229,048 Off-road emergency truck (grant) expenditures 40,000 3,200 43,200 0 ASPEN AMBULANCE DISTRICT FUND NET REVENUE (EXPENDITURES) CHANGE (17,174) OPEN SPACE AND TRAILS FUND Open Space Acquisition department Review of accounting standards for Open Space property purchases which included loans to property holders, produced the interpretation that loans cannot be funded from general obligation bond issues. They are instead, reported as large receivables due to the Open Space and Trails fund, appearing on the balance sheet of that fund. Therefore, we must reduce the expenditure budgets and eliminate the bond issue proceeds, for the Ulrych and Ryan parcel "purchases". Ulrych property purchase and loan expenditures 4,600,000 (2,800,000) 1,800,000 Open Space and Trails bond proceeds (rev) 10,165,000 (2,800,000) 7,365,000 0 7 Previous Revised Budget This Budget Proi Budget (The loan is $ 2,800,000 and is a receivable to the Open Space and Trails fund.) Loan to AVLT for Ryan property purchase (expend) 1,815,000 (1,815,000) 0 Open Space and Trails bond proceeds (rev) 7,365,000 (1,815,000) 5.550,000 0 (The loan is $ 1,815,000 is a receivable to the Open Space and Trails fund.) 1) Droste purchase $ 1,488,277 2) Maroon Creek pedestrian bridges 125,000 $ 1,613,277 Open Space and Trails bond proceeds (rev) 7,260,000 1,613,277 8,873,277 OPEN SPACE FUND NET REVENUE (EXPENDITURES) CHANGE 1,613,277 ENHANCED 911 AUTHORITY FUND General Revenues and Transfers Additional resources are needed from the Enhanced 911 fund to complete the replacement and installation of Enhanced 911 radio console and Computer-Aided-Dispatch (CAD), started in 1999. The capital replacement budget resides in the general fund, so a transfer will be made from the Enhanced 911 fund for this budget increase. Transfer to the General Fund (expenditures) 101,818 21,007 122,825 ENHANCED 911 AUTHORITY FUND NET REVENUE (EXPENDITURES) CHANGE (219007) 0.5 CENT MASS TRANSIT SALES AND USE TAX FUND Pursuant to the 9-14-93 Comprehensive Valley Transportation Plan intergovernmental agreement, all three government entities (Pitkin County, Snowmass Village, and the City of Aspen) approved the following budget changes by informal resolution in 2000: Mass Transit department Correct accounting for this budget: At a public meeting held on August 10,2000 the EOTC considered and approved supplemental funding in the form of a loan to the Roaring Fork Transit Agency (RFTA) in the amount of$ 550,000 for the purchase and minor refurbishment of a five (5) unit apartment complex at 1048 Main Street in Carbondale ($ 525,000 for the purchase of the apartment complex and $ 25,000 for minor refurbishment); with the condition that the loan be repaid by June 30, 2001 from the proceeds of a new bond issue from new or existing bonding authority. Since this is a short term loan the transaction will only be recorded on the balance sheet according to governmental accounting standards 8 Previous Revised Budget This Budget Proi Budget The initial budget was represented as an expenditure, so the budget is being returned to fund balance, where the loan will reside. RFTA Housing Loan expenditures 550,000 (550,000) 0 Update the carryover projects from 1999 into 2000's budget: The 1999 contribution from the 0.5-cent mass transit sales and use tax fund was budgeted at $ 1,624,519 for the mass transit component of the roundabout road project. We need to carryover the remainder of that commitment, to pay in 2000; $ 127,692 was unspent in 1999. The contribution is in the form of a transfer between the 0.5 Sales and Use Tax Fund and the Use Tax Fund. Transfer to Use Tax Fund 0 127,692 127,692 0.5 CENT MASS TRANSIT SALES AND USE TAX FUND NET REVENUE (EXPENDITURES) CHANGE 442,308 LIBRARY ENDOWMENT FUND Library Endowment Investment department Increase the Library building construction budget for the mezzanine and lower level by $ 500,000. Funding for this increase is derived from: Endowment investments $ 322,153 Use of Library Fund's capital reserve fund 162,057 Use of Library Fund's contingency 15,790 $ 500,000 Endowment fund investment revenue 160,000 162,153 322,153 Transfer from Library fund 0 177,847 177,847 Building construction expenditures 1,415,333 500,000 1,915,333 160,000 LIBRARY ENDOWMENT FUND NET REVENUE (EXPENDITURES) CHANGE (160,000) ASPEN LIBRARY FUND Genera! Revenues and Transfers Increase the Library building construction budget for the mezzanine and lower level by $ 500,000, using $177, 847 from: Use of Library Fund's capital reserve fund 162,057 Use of Library Fund's contingency 15,790 177,847 Transfer to Library Endowment Fund 0 177,847 177,847 ASPEN LIBRARY FUND NET REVENUE (EXPENDITURES) CHANGE (177,847) 9 Previous Revised Budget This Budget Proi Budget WEST BUTTERMILK G.I.D. FUND General Revenues and Transfers During the spring tax collection season, property tax was refunded to a taxpayer within the West Buttermilk General Improvement District from a prior year's tax levy. West Buttermilk GID general revenues 0 (2,311) (2,311) West Buttermilk Operations department Consulting fees were used for research on the sewerline that was the original reason for the formation of the general improvement district. West Buttermilk sewerline expenditures 0 2,500 2,500 These two costs virtually eliminate the current fund balance of$ 5,331 WEST BUTTERMILK G.I.D. FUND NET REVENUE (EXPENDITURES) CHANGE (4,811) COUNTY GENERAL OBLIGATION DEBT SERVICE FUND In 2000, Pitkin County Finance staff refinanced Housing Bonds: 1) Bond proceeds $ 1,205,000 2) Net discount cost 18,747 3) Accrued interest cost (3,381) 4) Payment to escrow account where bonds will be defease 1,186,253 Surplus revenue $ (3,381) General Revenue and Transfers Debt service expenditures (escrow for defeasance) 0 1,186,253 1,186,253 Debt Service department Debt service expenditures 538,563 15,366 553,929 Bond proceeds revenue 0 1,205,000 1,205,000 (1,189,634) COUNTY GENERAL OBLIGATION DEBT SERVICE FUND NET REVENUE (EXPENDITURES) CHANGE 3,381 AIRPORT FUND Airport Restaurant Operations department In late summer of 2000, the Airport staff decided to take over the operations of the airport's restaurant. Significant budget clean up is needed for: initial operations planning, managing the restaurant operations, and recognizing ensuing restaurant sales revenue, etc. The Board of County Commissioners approved the 10 Previous Revised Budget This Budget Pro" Budget staff takeover, authorizing sufficient start-up costs, i.e., restaurant consultant, restaurant kitchen remodel, initial food and liquor inventories, hiring part-time staff to get the restaurant operating again. Airport restaurant operating revenue 0 52,600 52,600 Airport restaurant operating expenditures 22,000 70,000 90,000 17,400 Airport Capital Proiects department In January 10, 2001, the Airport staff received permission from the BOCC to allocate $ 160,500 to additional 2000 capital projects as well as increasing some existing projects: Restaurant remodel expenditures 0 45,000 45,000 (Restaurant repairs, replacements, & upgrade expenditures) Terminal lobby's furniture replacement expenditures 61,000 40,000 101,000 Disabled passenger lift devise purchase expenditures 0 37,500 37,500 Terminal carpet replacement expenditures 77,973 22,000 99,973 Terminal lockers in boarding area expenditures 6,000 16,000 22,000 (Purchase a computerized locker system.) 160,500 The FIDS will display the airline arrival and departure flight information on video monitors. The current system is owned by United Express and was not available to the other two airlines. This system was not Y2K compliant and is no longer operable. The new FIDS will be used by all three airlines serving the airport currently and is expandable to serve additional airlines in the future. In addition, the arrival and departure information will be constantly updated and viewable on the airport's new web site, will be available to the local cable TV company and can be obtained via the telephone on an Interactive Voice Response, IVR, system. All three airlines support the purchase of the FIDS and are willing to pay for the installation, maintenance and operation of the system. In addition, other work is needed to complete the project such as new installation of electrical lines and outlets, installation of new cabling throughout the building, access to the Internet and new phone line connections. These projects will be completed through local contractors and suppliers. It is estimated that all of these costs will not exceed $148,500, which includes a 10% contingency. Flight info display system (FIDS) expenditures 100,000 48,500 148,500 The Aspen Valley Medical Foundation is giving the airport a 2000 grant for an automated external defibrillator and trainer. Defibrillator revenues 0 4,600 4,600 Defibrillator expenditures 0 4.600 4,600 0 AIRPORT FUND TOTAL NET REVENUE (EXPENDITURES) CHANGE (226,400) 11 Previous Revised Budget This Budget Prom Budget SOLID WASTE CENTER FUND Changes to the SWC fund approved by the BOCC on June 6, 2000: Landfill Operating department Competitive bidding selection of a new landfill operator results in a $ 50,000 increase to the operator budget of$900,000 in the original budget. Landfill operating expenditures 900,000 50,000 950,000 Solid Waste Center Capital Proiects Groundwater assessment and corrective action plan, as directed by the Colorado Department of Public Health and Environment includes: 1) Additional engineering for two more wells and development of a correction plan 2) Contamination source control, i.e., place final cover soil, regrade the landfill, and improve drainage as much as possible in order to minimize the amount of water infiltrates. Landfill capital project expenditures 580,000 35,000 615,000 SOLID WASTE CENTER FUND TOTAL NET REVENUE (EXPENDITURES) CHANGE (85,000) RESOLUTION GRAND TOTAL NET REVENUE (EXPENDITURES) CHANGE 11611,309 12 Previous Revised Budget This Budget Pro" Budget INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE REGULAR MEETING ON THE 9 th DAY OF MAY, 2001 BY CONSENT AGENDA. NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 12 th DAY OF MAY , 2001. APPROVED AND ADOPTED AFTER PUBLIC HEARING AND SECOND READING ON THE 23rd DAY OF MAY, 2001 BY CONSENT AGENDA. 2001. PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 2nd DAY OF JUNE, Attest: Board of County Commissioners IN-d low Je ette Jones Mick Ireland, hai an D uty County Olerk Date: S i Approved As To Form: Manager Approval: I1 John M. Ely. Hilary %e)cher Smith Count rney Countyanager Approved As To Content: Recommended For Approval: Ly n Dunlop Tom Oken Budget Director Administrative Services Director G:\lynnd\resolutions\2000\00-9reso.doc 13 2000 FUND BALANCE ANALYSIS Initial jAppropriatnsl Current Revised Budget .. I Yr-to-Date jAppropriationj Budget 1/1/00 Fund Balance 33,764,900 0 0 33,764,900 2000 Net Revenue (Expenditures) (922,198) (10,366,921) 1,611,309 (9,677,810) 12/31/00 Estimated Fund Balance 32,842,702 (10,366,921) 1,611,309 24,087,090 GENERALFUND OPERATING RESERVES TV Translator (95,401) 90,901 (4,500) Snowcat Sinking fund 32,299 (32,299) 0 Risk Management Retention Pools 983,312 0 983,312 ACS Sundeck Mitgtn - Envirommntl Contributr 5,600 0 5,600 Tipsy Taxi 213,484 0 213,484 Social Services in the General Fund 29,513 0 29,513 Bldg Inspctn-major projects 45,328 0 45,328 Lottery funds 40,928 0 40,928 Information Systems sinking fund 215,631 (15,366) 200,265 Informtn System -Annual mtnc. Pool 48,500 0 48,500 Informtn System - G.I.S. aerial maps 0 5,554 5,554 Office Equipment Pool 15,000 0 15,000 Fire Arms training machine sinking fund 2,456 1,624 4,080 One-time capital projects 315,868 (240,993) 74,875 Disaster Contingency 623,577 0 623,577 Long-term investment 469,820 0 469,820 Library advance 34,910 0 34,910 Courthouse Plaza land lease 23,664 0 23,664 3,004,489 (190,579) 0 2,813,910 CAPITAL RESERVES Gen Fund Open Space Land Acqustn 90,218 0 0 90,218 Trails constrctn to mitigate PM-10 12,600 0 12,600 Superfund Landfill Fees 138,379 (38,750) 99,629 Dispatch replacement sinking fund 32,984 0 32,984 Joint Water Trust 75,899 0 0 75,899 Viet Nam Vet Memorial 5,819 0 0 5,819 355,899 (38,750) 0 317,149 DEBT SERVICE RESERVES Lease/piurchase Refinances in 1998 490,500 0 0 490,500 490,500 0 0 490,500 3,850,888 (229,329) 0 3,621,559 GENERAL GOVERNMENT FUNDS Social Service Fundmm� 73,730 (3,194) 70,536 Road Improvement Districts 30,155 0 (4,811) 25,344 Ambulance District 504,486 0 (17,174) 487,312 Enhanced 911 Authority 110,190 0 (21,007) 89,183 Ruedi Water& Power Authority 155,526 (138,613) 16,913 Use Tax: Highway 82 517,096 (462,036) 127,692 182,752 County Road projects 1,461,097 (1,044,817) (78,530) 337,750 2,852,280 (1,648,660) 6,170 1,209,790 2000 FUND BALANCE ANALYSIS Initial Appropriatns Current Revised Budget Yr-to-Date lAppropriation] Budge t ud et ENTERPRISE FUNDS AIRPORT Operating and Capital Reserves 2,781,658 (1,303,265) (226,400) 1,251,993 Debt Reserves 1,199,000 0 0 1,199,000 SOLID WASTE CENTER 3,980,658 (1,303,265) (226,400) 2,450,993 Post-Closure reserve 1,842,995 0 0 1,842,995 Available for projects 1,988,460 (184,492) (85,000) 1,718,968 3,831,455 (184,492) (85,000) 3,561,963 TRANSPORTATION 0.5 CENT TRANSIT Sales/Use Tax Operating and Capital Reserves 6,020,935 (669,156) 422,308 5,774,087 Pitco Transit Sales Tax Debt 588,150 0 0 588,150 6,609,085 (669,156) 422,308 6,362,237 LIBRARY Library Endowment Fund 4,128,585 (365,333) (160,000) 3,603,252 Amendment one emergency reserve 31,906 0 31,906 Library Operations Fund General fund loan principal (34,910) 0 (34,910) Amendment one emergency reserve 47,661 0 47,661 Library Board contingency 90,000 0 (15,790) 74,210 Available for projects _ 140,525 (47,471) (162,057) (69,003) 4,403,767 (412,804) (337,847) 3,653,116 OPEN SPACE &TRAILS Open Space Fund 4,237,501 (5,743,568) 1,613,277 107,209 Burnt Mtn Settlement agreement 0 0 0 0 4,237,501 (5,743,568) 1,613,277 107,209 HOUSING County PILH gf 758,001 (432,846) (90,900) 234,255 Pitkin Iron housing project gf 180,764 1,400,000 1,580,764 Twinridge constn & repair 0 0 0 Housing Bonds -debt reserve 203,023 0 3,381 206,404 1,141,788 967,154 (87,519) 2,021,423 NET UNRESTRICTED FUNDS 1,935,280 1,142,801 306,320 1,098,799