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HomeMy WebLinkAboutapcha.res.014.1991 ��. �i�'` � - .;1�k7 � �� :� o ��. . . � . .. :.. :_ ' � . ` � „ �� ��P' ,�_,' � , . � �� � �`' �'�{�' N FMM�'... �'�74a��� ����"' �}`� } �_.°ti.,},��,�1(�' S�- r ��,y`y� P; f �y � �;....,4;w t.~�r"'�.+S_':�lu'W.���'�;�Ytu. l7.._.t. .*�1.r'i ._. . _...,,.:..*Ki..et�btdliMrt�ori�-i.�'.�'�'���G��Y r—' . �)+y'"��'r`1`+�; . - . . '.y ��n."�.. . �a _ � �' C, U�a�'c�i {�iti,� ��,. i? . 'y . i i � '. . } .� �. ASPBN/PITRIN COUNTX ROIISING AIITHORITY Resolution t91-� 1990 SUPPLSMSNTAL BUDGST RBSOLUTION ,�r ,� Y': WHSRBAS, more revenues ere anticipated to be received in 1990 than ,��'�,,� , were appropriated, resulting in a portion of unapproprieted fund balance • available for unanticipated expenditures tfiat occur during the year, and �� WHHRHAS, certain revenues will become available that were not ' anticipated during the preparation of the 1990 budget, and �'� , WHSR$AS, fuads for certain purposes were appropriated in the 1990 ' budget, and in fact these purposea were not completed until early 1991, � t resulting in the need to uneppropriate these funds in 199Q, and ,� WHBRBAS, major structural accounting changes were conceptually '�• . approved by both the Aspen City Council and the Board of County 4�' ;1�::, � Commissioners in September 1990 during the Housing Authority's 1991 budget sL presentation, end ,� WHSRHAS, upon due and proper notice, published in accordance with the �F law, said supplemental budget was open Yor inspection by the public at a '`'�• designated place, a public hearing was held on April 24, 1991, and , interest taxpayers were given an opportunity to file or register any objectioae to said supplemental budget, and ' ' NOW, THSH$FORS, BS IT RBSOLVSD by the Board of Directora of the �' � Aspen/Pitkin County $ousing Authority that adjustments be made to the 1990 '� budget ae follows: �' - Previous Revised Budttet This Chanfte Pro.i Budget � ' $ S $ HOUSING AIITHORITY FUND ' Definition and refinement of the Housing Authority's administrstion functions created the following departmenta: y . Administration department � 1�; ; Salea department i Development project department � . i Significant chaages have occurred within these new departments in 1990. � The eimplest approech to revising these budgets is: � �' I) Realiocate existing budget into the new departments, and then i 2) Revise the new departmente for the budget eubmitted during the fall ' of 1990; ' i � . � r 1) R$ALLOCATB H%ISTING BUDGBT TO NBW DSPARTMHNTS: ,; Old department: 1':'i Main Housintt Authority Administration Department � Operating revenues 207,698 (205,698) -0- . ;!1' Operating expenditures 205,698 (205,698) -0- • � -0- ��' � ' New departments: 'ti� ' � Administretion Department � . i Opereting revenuea . -0- 229,698 129,698 ;� { Operating expenditures -0- 138.318 138,318 �. i "� .� , � _. .._ _._... ._.... ._ . . . . ... _.L-.-u.�_ . . . '�,!' . T_ .....,.....,..... .. . ... . .. � . .. . .. .. .. , �. . ��......... �.. ... ���� .. �- .. , �r"?.���,, _ _ � . . ';:, --- �''�'r�i, }'". ` - � . , � `��.•�.d . . �_5. t s��s�;� . �....._ . W�'R�,iE�U ' : � . . . - .,1��'�',�'+�����.'��hp*.' � , . � ' . (y��"+fl.... � '' ��y�ti ' • '.Cii�:;+i` . :�'�i ).� , ' - � �����,�` ' ��i% � , d7* � .' �� . ,� .y,;,>,." .;v.+ti::., �. �-'�. � y f, . ��� � � _.. � . , r G'J�.'� �.' •' ,- G. � . .l . . . . . . ,f r � yC !.:i 4 L � �.�L , '_�. . � l,� `��.r },�7.C�tYo u y} a ��.E �.t�� ,rj%, ia,7�'i����.r.r.;- . �F,�s�„'5+Yf's4r1 .., +���.h g �+r y'v.� �f Y � z . .: .t �Y N k$A'' S��`����SYr�,������Tt�l ��v. .t t�ti s�'�t�� • , .. .. e � ' �'i t s �� k"�`. `� r! � �j , �;tF wX� �)'. . ^�°�des���.'?b..t.�s�cw.s�d",i't�.':��it.C'.S^.s:i�.R. ';e.'� �"_'o-�1�it,&c4�i, . . ..., '�.u-�.ku.�1tr86Y��f� ��"'�;�.,�.�t.i��' 4 - / ti!�k?�M�.Li'.• / '. / � . � \ (� Previous Revised �'' BudKet This Chentde Pro.i Budget . $ $ $ - (8,620) - %,r : Development Department y Operating revenues -0- -0- -0- "''"'!� �,:.� Operating expenditures -0- 35�578 35,578 (35,578) ' ;., Sales Department bperating revenues -0- 76,000 76,000 � Operating expenditures -0- 31.802 3I,802 . 44,198 _ ';� NEW DEPARTMSNT NfiT TOTAI, -�- '"r TOTAb CRANGS ACROSS DSPARTMENTS -�- � .� 2) BSVTSS NSW DBPARTMBNT BUDGSTS: �, �' -� Asset Purchase Department �. "�1 Misc offc/computr expenditures -0- 4,898 4,898 '�� Administration Department Administratn operatng revenues 129,698 35,539 165,237 Increases from administrative fees charged to sales, development, _�'ti� Truscott Place, Marolt Ranch, and Hunter-Ionghouse departments for overhead services. . . •�� Adminietretion operating expend 138,318 39,667 177,985 Increases from legal and accounting servicea, termination vacation { - and eick pay-out, plus increased staff complement drove up both staff , � development and cost center allocations from the county. , , �i-;,�j 4,228 , � �'��� Development Pro.iects Depertment .-'��:�� Development operating revenues -0- 93,468 93,468 -.^-? Specific project PILH seed money to fund the project development =�� department. f Development operating expend 35,578 39,640 75,218 ,�'; Administrative fees to pay for the development department's share of . ;< i Hausing Authority administration and overhead costs. 53,828 �:.c. ' Twinridge bond proceeds (revenue) -U- 3,250,000 3,250,000 Twinridge construction expend -0- 3.250,000 3,250,000 '.Y`'� -0- Fairway Three bond proceeds (rev) -0- 3,750,000 3,750,000 , -_ ''��= Fairway Three constructn expend -0- 3,750.000 3,750,000 i i:-.� -0- � :•�{ Salea Department • �"r�� Z � , �,. _ �``�_ _ ---.._ .__�_. , . . .._ , _ . ;�, � YR� �r ��!��" ` . ' � . , f ' 'a�.'. f,�`a`�';�. . �F¢�?J�:';M,��. . . . . . ••9."�ti.:.:y� . - ;;R:F��. ; .. �,: ,y:k�;�;�:c;; .. . . , . . • �' r �MYy$�r g.�� f�y: . � :���:� . . ' . ht�A"�lk�; . . �tl��' �� • F-�yw. F' :.f�'a,�0'�•:. .'4 v-'..�:_ " � . . ..�fx �r *t' � .F: . ' � . ' . ' ' '. . � , - . . ��Y"1Q � ��! .. . 7 . . n ��.� �• ����^�:' t'���� S� lh �'O�'"l 4�3'���j'. '�� � � � �q ~"k k,,i',1-�'1-�jtE A ��� �Y�.�.1} � �� ,��! 6. � ?f� � " i�,�+�.qa tij�� - .����1�'St5'���.Mk:_..�`".3).iif,tl:.t..�r��1���.�tu:i:_��:��I�Y����._...... _.:�._..•�.�i��'?�°.'��`.. '���.�.�.�f'�,j�;2� . . ���hki kt�' c r s Previous Revised . Budget This Chanste Proi BudAet $ $ $ Sales operating revenues 76,000 (10,266) 65,734 i'rN� Overestimate of real estate commissions earned in 1990. Salea operating expenditurea 31,802 34,536 66,338 �•��• . Adminietrative fees to pay for the sales department's share of •�. Housing Anthority administration and overhead costa. (44,802) Fannie Mae mortgage revenuea -0- 3,665 3,665 Re�tricted to a designated fund belance for mortgage defaults .� TOTAL OPBRATTONS � N$T RBVSNUB (BXP$NDITURE) CHANGB 3,665 � "� �.,. �.. "� Joint PILH Pro.iects devartment � Property mgmt conaultant expend 15,000 (9,000} 6,000 $ 9,000 will be carried over into 1991 to complete the project. 6 .� � Planner salary expenditure 25,019 (5,443? 29,576 :;.:S .k "?� Hunter-longhouse reimburaement revenue -0- 15,000 15,000 . a� s • �^' � JOINT PILH PROJHCTS ,; N$T RSVBNUH (BXPBNDITII&g} CHANGB 29,443 � ��9� (Share for City or County) 14,721 , �tt �����;� Citv of Aspen PILH Pro.iects department _ =°�� Intereat income from PILH revenue 26,783 23,068 49,851 iy;-� � Contributione to City PILH (rev) -0- 448,653 448,653 ; General City PILH expenditures -0- 61,371 61,371 ' � � '�"�� Miecellaneous legal £ees and retroactive sllocation of PILH for `' ''�; administration time spent on various development projects prior to September 1990. : '�' `•"�� City PILA disbursement to city (exp) 61,371 922,500 983,8T1 � ` `(:� On 12/31/90 all City of Aepen payment-in-lieu-of-housing funda that � .,`� were originally depoeited with the Housing Authority were paid to City of Aspea. .,��� 3 . w.�, � � i, . .. �K,� ��_-. �-.-, . . . .. ... . . .. ... _ . . ....�. .. . �.... .. . . .. ..... .. ._. .__.._.___ ._.._.._ ...._.. . ... __... „ ..,.._ .... `�i�. . . .r � � .� :.: . � }_. r . . _ . .���_ . . ���,i��'. . � . ::,���{;��;r , � ::��rv. ;,y. � k,v��'�r'd�t.,:. . ' . . ��x ' w v"�t, • . �� �r. rji i .�'�'y�,:.� ;a,. � _u� !4'��f ). » J. ;`'`'��'-'�'#���.°��$'!9e.,,n�.. � � ... .�.... „, ,�.a . .._. ._.< �. �.. �"1�..��-� ,yfi:�_..w'i..tsrw�.....r.,,..�,...:.»....r.� ....,�.:ti...,._... . . �; . . � �� . �C3'd � � ��t� � ���:y�,� � • �°�' �. , ...��t.�,���ti�-., Previous Revised � BudKet This Chanrte Pro i BudE[et '• '. : � S S . , �. Sewer plant site expenditurea 35,060 (35,000) -0- • • Budgeted as a citq PILH groject, but it is actually s county PIL$ ' , '7: project. " :� ... Marolt Ranch bond reimburse (rev) 191,336 (19I,336) -0- '� -. . r..�.r":.;..� Marolt Ranch develop expend 370,336 (111,360) 258,356 :: �t�:,�` (79,9b6) �:. . Reimburaement of developmeat fees from the bond proceeds will be � distributed directly to the City of Aspen because city PI3.H funds are � now deposited at the City of Aspen, effective 12/31/90. � ' City housing inventory expend 17,100 (15,730) 1,370 � .�'�. '.: - t. s CITY OF ASPSN PILH PROJBCTS �`;` � NBT RSVSNUS (ERPBNDITURS) CHANGB (542,376) , Pitkin County Pavment-in-lieu-of-housint� Pro.iects deaertment Interest income from PILH revenue 17,689 2,644 20,133 ;� i, Contributns to County PILH (rev} -0- 20,100 20,100 . y � � �� ; Rubey Lot 6 project expenditures 98,000 (43,063) 54,937 $ 43,063 will be carried over on the county accountinA svatem in 1. � 1991. !:. . , Ja E •1 Pitkin Iron project expenditures 5,000 7,604 12,604 �, 's� Water rights legal costs ';j :j � ..a�j Lone Pine land investgtn expend 64,500 (64,500) -0- J �, f , Twinridge bnd proceeds reimb (rev) -0- 15,000 15,000 ; � . Equal to PILH seed money spent in I990. ' ,. ;.� ; a Moore property project expend 686 1,931 Z,619 . �' � ' � ; �±��I . . �:• � ` � Sewer plant aite expenditures . -0- 3,770 3,77Q -' r ! - 4 _r . - �a t�,� , _. .._._ .',",�,e.�,.,r.._�.�,..... �....,.:....._.... �_.:.,...,�:...._ ,....,.. ... ,:..:._.. .:,.._. _._. . .. .._.,. . , _.. ..... ....._.. ..._. -. �;.. ���� � � � . . .. ". ' .. � , ��� - . .. . � � . • � � . �^ ���� . . � . ,,. � . � - ���. � � �� 'Y�„�� � ` � . . . ' . . ��: . . � � . • . . �x���.I . . - . . , � " . . .,.,y'� :n.��n�� " � ' � . J� p � / ry+a.Yl ' 1 L� C • ' �� � • R��, � • ,_ ,;�.�-.. ' � . a � _ . - . . .. 4 4 . �. ��' .I "��.:�,.y�. a-. �o,,� f� F��� y,•.51. �..�;• �� ; � j '' � '' " �"'������xJ� C�����s�.e�'t �'�;��, 'M�,,,,t,� . � ` s� `t. �+ � ����y�� �- � i� _ .. .. ...�.�Y�i."w. ''�W..�t...o�...sa•�3H,.:,...._.�.�....-,,..:..:.'�ii � `'r. � �Si•k������:� C � I ,�,.:.� . � �. Previous Revised '� Budget This Chansie Pro i Budstet $ $ $ ';; $ 31,23U will be carried over in 1991; the project wss approved but :�r ! not completed in 1990. • j'��'.'��','.��. Housing survey revenue -0- 7,000 7,000 1,.. � Housing survey expenditures -0- 13,300 13,300 !'' 6,300 �'` S Pitco 0. O. bond loan expenditures -0- 150,000 150,000 i�R Loan of PILA to county until Pitco housing general obligation bond � i proceeds are available in early 1991. f�l; s;. ;�i i General County PILH expenditures -0- 21,762 21,762 �.' Retroactive allocation of PILH for administration time spent on � • various projects prior to September 1990. Pitco PILH disburaed to county (exp} 21,762 I27,478 149,240 ' On 12/31/90 all Pitkin County payment-in-lieu-of-housing funds that � ' were origiaally deposited with the Housing Authority were paid to - Pitkin County. ." : . "a� � PITHIN COIINTY PILH PROJBCTS `�;�' ? NST RSVSNUB (SXPBNDITURH) CHANGS (173.638) . ; -`�{�E� i ...: j' � Other Pitkin County housinu vro.iects ' i , _ ='. • Energy efficienciea expenditures 18,145 (8,341) 9,804 +`' Funded by interest from Bandar contribution. $ 8,341 will be carried � over into 1991. , i Intereat income from Bandar rev 35,578 7,865 43,443 i Designated for the energy efficiencies program. R • Hlth & Humn Src bldg contrib exp 500,000 (456,098) 43,902 � Amount spend by Pitkin County for building design and engineering. '�.,��� ; OTHBR PITRIN COIINTY PILH PEOJBCTS '� ,t, �; NST REVSNUB (SRP$NDITORB) CHAbiCE 472,304 !�: �ly .�. �J HOUSING AUTHORITY FUND '"�'•'.i+ NBT RSVBNUS (fiXPBNDxTUR$) CBANGE . (209.602) ? ;"' 5 ; �.� < �:' ,,. . , ::. ,:. , . � .,':_-. .' ".� ' � �.::F.��. �......... . ... .. .... ...... _ _ ".._.._ ._,_....._._ .�;...._..�.. . :............ ...:.�.. ... . . .. . ... ... .... .. . Y�._� . � � � �� ' / ��. � .. S� .. �� . . .�.' ,.�-�:' . . � . ._ ' .. • �� � ���� � � . . Y�.^��� ` . . . , :.e.•��r,� , ' � :.�}f - � ' • , . �, �v....;a;•'��. . � . ��?���'�'�. ' . x.. � P 1� x+. n;w"7? �Tan�. �.R'�.> :�,� ' . �.. 'yy `,� -1 a �� 7 . � � 1 4 u-��:. ,�._,� �,P . -. ° °...�.� st3� wyys,��`��.,�n,. ` '�r': Fih: '��� � �,� r. . , �� � t�m v..� . 1� �� '-+� L . . A .�� f . : 0 t� • 1�� 1 A�I� � ��7.t% ',���y�,T `A�5 i . 1 i KtY.F `. '' w� '� �1-��. �. . �h�rF1 r�t,�t.' 'l. ,�-h!',�'� i� � 'A.�,., .k !�_ � � .� - :, , -s • 9'y ,+�'„tF,�x1�'*� � �is"�r ��'; �.: e �� ..!4. � er,.-b ti.', I�i �°�i.: l ` � , �. � Introduced, read, end passed upon first reading by the Board of Directors .� •''- of the Aspen/Pitkin County Houaing Authority, Pitkin County, Coloredo, at �• their regular meeting held April 24, 1991. ' r � ;. y ASPfiN/PITKIN COUNTY HOUSING AUTHORITY `l�;_�`'°' ITKIN COUNTY, COLORADO G�U�J �, rJ ; � m s L. Curtis, Q airman r � ; Att s '� '� n � jt,': ?: �P�OVED U N SECOND READING by the Aepen City Council and the Board !'•'+�.. � of County Commisaioners of Pitkin County, Colorado, at their regular �,• meeting held �; CI OF ASPSN, COLORADO r1 ..; �� l�..a,�.��" �.�,'� °� � , = a.—��+:-�.�imgr Mayor - ,.- - �i �T•�Qvir.y,�vl Attest: ' ;i � � ,/�� K-O , � Hathryn . Koch �j � City Cle k �; � HOARD OF COUNTY COMMISSIONERS � PITKIN COUNTY, COLORADO � � �, , i i i . / f ne thridge, Cha' m n i'`� , � �� Attest: �� i �� , - � � �i �� ,' I � J nette Jon _ � puty Coun Clerk ��:� :j _ \lhdc\wp51\WOrk\902harea `� . <�I', j s � . . , . .�... ��!�,6- � _ . ..--. ... . - . .� . .. �_._. .��.�..�... .. ... . . .. . .... . '`� � � .._._....... .e... . ._ .. .... .. _.:. �.. .�. ..�'___'.�.. ...�_.�. �.�.._.'w._...�..'.�..�,.v .. . .... .. .. ....... ' .. y� . _....�.:.. ..... .. ... . . . ... _. .. . . .... . . �. . - V°�:Z � _ . . .. . . _�.. .y�. . . � . . ��� , , . . . , . . . �+,�s@�, .. . . ,;.A . ' � . . . . . . : � . .:,I� . .�. .. - . . � . . �i''x"1i 7. _ ,'�" �' . � ��Y' ��� . . �,�f a�:i'r'��. ,:� ��,�- . ��� ��. , �. � ML 1 �1. + (h ' ,. � � �.. . '`�M� �: . \ ., � � «?���� R;�.G �� h1�N�����. j c _ �{ . ,. , � �. ,•/.�� „�'"u k� �i l``� ' � . e �.�, ����y'casipr- Tt:�� �� �se.x � �t.:�e�` �y, . '�T 14 YSj� .t 4� L,'I1: K� .�. c � ,1� �i��{'� S : ��"`.'� .. ,. �'��a.�`., ,����"., b , � __,..#��k� �±n`�'�` ! � � -> . � , x 04/29/91 NOUSIHG AUTNORITY � (90hafba) 1990 FUND BALANCE ANALYSIS , ' ;=:;,. . Initial 90 1/1/90 d ; ;; 12/3IJ89 Budgeted Initial Initial dppropriatns Current Aevised r '" ,, Balance F.9. Change Budget Budget Yrto-Date ApRropriatn Budget �r - . ---------- ----------- ----------------------- ,..,. . , -----------�-------------- )�... -., p:�. OPERATIN6 RESER4ES: i � { 16,601 (12,743) 4,056 Housing Authority Adoinsitratn 1,058 0 0 �,058 �' � � 385,022 11,589 d02,611 Cowty paYeent-in-lieu-of-hsg 402,611 (243,6951 (158,916) 0 „ • Ty 925,982 26,783 952,765 CitY Pay�ent-in-lieu-of-hsg 952,765 (426,1101 (526,655) (0) - � " 518,145 35,518 553,123 Bandar contribution 553,723 (S1B,145� 472,301 501,882 � :� �•!.: . � r.� 32,606 0 32,606 Hunter-loeghse Operations 32,606 (31,499) 0 1,117 i fannie Mae restricted 0 0 3,665 3,665 I --'-"--- --'--'--- -------- `-----"'- -"---'---- ---`------- "------'- `' � 1,818,555 67,201 1,945,762 L,945,7b2 (1,219,439j (209,6021 516,12i . � �.� DEBT SERYICE AESERYES: ' :.:,� �; _ 350,OD0 0 350,000 City's Truscott place debt reserve 350,000 0 0 350,000 �• • '�� City's Narolt Aanch debt reserve 350,000 0 350,000 �f� �i , . '��' HunterLonghse debt reserves: � 179,719 0 179,719 BonQ reserve fund 179,1i9 0 U ll9,129 i{ '� 50,000 0 50,000 Repair 6 replace�ent fund 50,000 0 0 50,000 . I: . .�: _,;: -------�--------------------- ---------- ----------- ---------- ----------- �� "� 519,1L4 Q 519,7l9 519,719 350,000 0 929,719 �s �; 2,456,274 67,207 2,525,481 TOTAL FUNU BALANCES 2,525,481 (869,439) (209,602) l,446,440 ' \ .;,� I,446,440 �. , . .. .�i.`i � � � . l � 9 l .'Y . . . �'1I i 5 I . .+� '� � T . �� . . . .. . . . . � . . � . .. .. t ..:' . ' .. � �� �.i . .... .. . .. . .. . . .... . . ... 1-.. 7:.k..:... - . .. - : �`: � .......�.. . ...........-:. ..��......, �..�.,-...'.. ._ .._._..- . . .... .�. .- . - ...'..-"'` ii. . . . . ....... . . ... . . . . - ... . . ' w.a ' ' .. .R. �. . .r�,,. . . � . . . � � . ,�s Q.�, YR '" r ' :.�� , °•�'���i' � � . n�x. , • . � ''✓'�';'.