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HomeMy WebLinkAboutbocc.res.201.1999PITKIN COUNTY BOARD OF COUNTY COMMISSIONERS RESOLUTION # 99- g 01 A RESOLUTION SUMMARIZING REVENUES AND EXPENDITURES FOR EACH FUND AND ADOPTING A BUDGET FOR PITKIN COUNTY, COLORADO FOR THE CALENDAR YEAR 2000. 1) The Board of County Commissioners of Pitkin County has appointed the County Manager to prepare and submit a proposed budget for their approval. This budget was prepared in conformance with Colorado State Constitution Amendment One; and 2) Upon due and proper notice, published or posted in accordance with state law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on December 15, 1999, and interested citizens were given the opportunity to file or register any objections to said proposed budget; and 3) Whatever increases may have been made in expenditures, like increases were made to revenues so that the budget remains in balance; and 4) On November 8, 1994 county voters agreed to permit: a) Pitkin County: "a revenue change pursuant to Article X, Section 20 of the Colorado Constitution (commonly known as Amendment One), in an amount sufficient to allow Pitkin County to collect, retain, and spend its full revenues from all sources (including grants) during 1994 and each subsequent year. This question does not create any new taxes or raise the rate of any existing tax." b) Pitkin County Library: "a revenue change pursuant to Article X, Section 20 of the Colorado Constitution (commonly known as Amendment One), in an amount sufficient to allow the Pitkin County Library to collect, retain, and spend its full revenues from all sources during 1993 and each subsequent years. This question does not create any new taxes or raise the rate of any existing tax." Therefore, county -wide and library budgets are no longer constrained by the Amendment One spending limit; and 5) State budget law requires that each local government annually provide both its current year's lease/purchase liability as well as total future liability for all its lease/purchase agreements. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin County, Colorado that estimated revenues, transfers from other funds, and use of prior years' surplus for each fund are as follows: Page 1 FUNDS 2000 TOTAL REVENUES USE OF PRIOR YEARS' SURPLUS TRANSFER FROM OTHER FUNDS TOTAL General Fund Translator Fund Use Tax Fund Road & Bridge Fund Social Services Fund Redstone Ranch Acres GID Fund Aspen Ambulance District Fund Aspen Library Endowment Fund Aspen Library Fund Open Space & Trails Fund Enhanced 911 Authority Fund Ruedi Water Authority Fund Transit Sales/Use Tax Fund Transit Sales Tax Debt Fund Twining Flats GID Fund Holland Hills GID Fund County General Obligation Fund Airport Fund Solid Waste Center Fund 11,093,751 485,416 438,890 4,111,123 443,588 6,092 290,287 160,000 1,643,052 3,827,395 277,820 6,048 4,782,000 605,529 1,801 39,697 557,166 6,502,547 2,992,200 2,774,470 110,876 693,000 901,000 7,584 5,420 33,317 29,669 284 1,005 7,690 1,041,452 180,464 101,818 13,970,039 596,292 2,024,350 3,156,240 162,000 4,273,123 443,588 6,092 290,287 1,061,000 1,650,636 66,268 3,893,663 283,240 39,365 4,782,000 145,153 780,351 2,085 40,702 564,856 7,543,999 3,172,664 0 0 38,264,402 5,786,231 2,499,589 46,550,222 That estimated expenditures, transfers to other funds, and additions to surplus for each fund are as follows: FUNDS 2000 TOTAL EXPENDITURES ADDITIONS TO SURPLUS TRANSFER TO OTHER FUNDS TOTAL General Fund Translator Fund Use Tax Fund Road & Bridge Fund Social Services Fund Redstone Ranch Acres GID Fund Aspen Ambulance District Fund Aspen Library Endowment Fund Aspen Library Fund Open Space & Trails Fund Enhanced 911 Authority Fund Ruedi Water Authority Fund Transit Sales/Use Tax Fund Transit Sales Tax Debt Fund Twining Flats GID Fund Holland Hills GID Fund County General Obligation Fund Airport Fund Solid Waste Center Fund 13,765,906 596,292 2,994,240 2,248,773 438,764 5,181 286,958 1,061,000 1,650,636 1,735,920 181,422 39,365 704,118 780,351 2,085 40,702 564,856 7,543,999 3,172,664 137,865 4,824 911 3,329 2,157,743 . 2,604,882 66,268 13,970,039 596,292 162,000 3,156,240 2,024,350 4,273,123 443,588 6,092 290,287 1,061,000 1,650,636 3,893,663 101,818 283,240 39,365 1,473,000 4,782,000 780,351 2,085 40,702 564,856 7,543,999 3,172,664 0 37,813,232 Page 2 4,909,554 3,827,436 46,550,222 That EXHIBIT A demonstrates Pitkin County's compliance with State of Colorado's lease/purchase liability reporting requirement. That the budget as submitted, amended and herein above summarized by fund, is hereby approved and adopted as the budget of Pitkin County for 2000. That the budget as hereby approved and adopted shall be signed by the Chairman of the Board of County Commissioners and made a part of the public records of the County. INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE REGULAR MEETING ON THE 1ST DAY OF DECEMBER, 1999. NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 4TH DAY OF DECEMBER, 1999. APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING ON THE 15TH DAY OF DECEMBER, 1999. PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 25TH DAY OF DECEMBER, 1999. ATTEST BOARD OF COUNTY COMMISSIONERS Jean: "e Jones Dep y Clerk & Rec.'der APPROVED AS TO FORM: S John M. Ely County Atty— APPROVED AS TO CONTENT: Ly Dunlop Budget Director \I hdc\excel\reso\00o rgbud.xls\00adopt Lbslie J. Lamo Date: MANAGER APPROVAL: S. Konchan Cou Manager RECOMMENDED FOR APPROVAL: Tom Oken Administrative Services Director Page 3 EXHIBIT "A" SUMMARY OF PITKIN COUNTY LEASE/PURCHASE OBLIGATIONS 2000 TOTAL PRINCIPAL INTEREST BUDGET LEASE/PURCHASE EXPENDITURES: MASTER LEASE 460,000 189,815 649,815 (refinance fleet service center and Courthouse Plaza and purchase E-911 equipment) After2000 TOTAL PRINCIPAL INTEREST BUDGET 3,955,000 963,153 4,918,153 ODEN NOTE 10,448 4,713 15,161 61,623 11,099 72,722 (land purchase for library building) LOAN FROM GENERAL FUND TO LIBRAR 27,484 2,444 29,928 7,426 520 7,946 (to partially fund the construction of the new building) 497,932 196,972 694,904 4,024,049 974,772 4,998,821 RESOURCES TO FUND THESE EXPENDITURES: E911 FUND 80,000 24,553 104,553 515,000 73,289 588,289 LIBRARY FUND 37,932 7,157 45,089 69,049 11,619 80,668 NET COST FROM OTHER SOURCES 117,932 31,710 149,642 584,049 84,908 668,957 NET COUNTY LEASE PURCHASE EXPENDITURES 380,000 165,262 545,262 3,440,000 889,864 4,329,864 Total TOTAL TOTAL TOTAL FIRST LAST PRINCIPAL INTEREST BUDGET YEAR YEAR 4,415,000 1,152,968 5,567,968 1999 2011 72,071 15,812 87,883 1992 2005 34,910 2,964 37,874 1992 2001 4,521,981 1,171,744 5,693,725 595,000 97,842 692,842 106,981 18,776 125,757 701,981 116,618 818,599 3,820,000 1,055,126 4,875,126 1 8/17/99 6:19 PM Lease.xLs LEASE2000