HomeMy WebLinkAboutbocc.res.082.2003 A RESOLUTION OF THE BOARD OF
COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO,
PROVIDING SUPPLEMENTAL APPROPRIATIONS TO THE
2002 BUDGET
Resolution # ~/)~-. 2003
Recitals
1) Unanticipated revenues were received in 2002 than were appropriated, resulting in a portion of unappropriated fund
balance being available for unanticipated expenditures that occur during the 2002 budget year; and
2) More revenues are anticipated to be received in 2002 than were appropriated, resulting in a portion of unappropriated
fund balance available for unanticipated expenditures that occur during the year; and
3) Certain revenues will become available that were not anticipated during the preparation of the 2002 budget; and
4) Certain accounting changes will result in the need to eliminate budgets in one fund and to appropriate budgets to a new
fund; and
5) 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 14, 2003, and interested citizens 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 2002 budget as follows:
Previous This Revised
Budget Change Budget
OTHER 2002 PROJECTS $ $ $
rGENERAL FUND
GENERAL REVENUES AND TRANSFERS
State law requires that the proceeds of the State lottery fund be accounted for in a separate fund. The 2002 budget and the
accumulated fund balance previously accounted for in the General Fund as of January 1,2002, will be transferred to a new
special revenue fund to comply with this requirement.
Lottery tund revenue
Operating transfer from Conservation Trust Fund (revenue) 50,000 (50,000) 0
Equity transfer out 0 99,000 99,000
0 .. 40~479 40,479
General Fund Total 8,521
Net revenues (expenditures) change _ 8~521
Page
Previous I This I Revised
Budget
[CONSERVATION TRUST FUND $
The Conservation Trust Fund will be established to account Lottery Fund programs revenues and expenditures. The
transfer to the general fund reflects the general fund balance for this purpose. 2002 projects include support of the weeds
program and the contribution the trails program.
Lottery fund revenue
Interest income 0 62,100 62,100
0 1,411 1,411
Transfer to general fund (expense) 0 99,000 99,000
Equity Transfer in (revenue) 0 40,479 40,479
Conservation Trust Fund Total
Net revenues (expenditures) change 4,990
ITRANSIT SALES TAX DEBT
The cost of the paying agent fees for the Transit Sales Tax Debt were greater than the original budget.
Bond paying agent fees 200 250 450
Transit Sales Tax Fund Total
Net revenues (expenditures) change (250)
ITVVlNING FLATS GENERAL IMPROVEMENT DISTRICT
A maintenance project was completed to the Twining Flats Road that was not included in the original budget.
Road maintenance expense 0 2,000 2,000
Open Space & Trails Fund Total
Net revenues (expenditures) change (2,000)
IOPEN SPACE AND TRAILS FUND
A previous appropriation added unanticipated revenues in the amount of $292,000 which were to be used to fund
additional costs of the construction of the Denver Rio Grande trail. The expenditure side of the budget was omitted in
Denver Rio Grande Trails construction expenditures 772,795 .. 292,000 1,064,795
Open Space & Trails Fund Total
Net revenues (expenditures) change (292,000)
r.~OARING FORK TRANSIT AGENCY
An intergovernmental agreement to create a regional transportation authority was approved in 2001. All assets of the
previous authority needs to be transferred to the new entity. A budget resolution is required to transfer the year end
fund balance of the previous entity to the new entity.
Payment to Roaring Fork Transportation Authority 0 1,601 ~642 1,601,642
Roaring Fork Transit Agency
Net revenues (expenditures) change (1,601,642)
Page
Previous I This I Revised
Budget Change Budget
IAMBULANCE DISTRICT $ $ $
The ambulance district's share of the dispatch communication (E911) budget was not booked correctly in 2001 and as a
result two year's of service charges must be booked this year.
Dispatch service charge 23,519 23,000 46,519
Open Space & Trails Fund Total
Net revenues (expenditures) change (23,000)
ITRANSIT SALES TAX FUND j
The actual collections for the 1% transit sales tax exceeded the original budget. As a result, the expenditures for payments to
RFTA, Aspen and Snowmass exceeded budgeted amounts. Both the revenues and expenditures in this fund are increased to
reflect the actual collections and payments to agencies per the intergovernmental agreement relating to the use of this tax.
1% sales tax collections 4,514,353 136,605 4,650,958
1% contribution to RFTA, Snowmass, and Aspen 4,514,353 136,605 4,650,958
0
A GOCO grant for the acquisition of the Denver Rio Grande trail was received in 2002
Misc. State Grant Revenue 0 500~000 500,000
500,000
Transit Sale Tax Fund Total
Net revenues (expenditures) change 500,000
IAIRPORT FUND I
The Airport received a loan from the state to fund projects that will be repaid with future collections of passenger facility
charges (PFC's). A new project to improve the approach navigational system to enhance safety for aircraft operating under
instrument conditions was aDoroved when this loan was received.
Airport Iocalizer expenditure 0 500,000 500,000
500,000
The improvement to the traffic circle will not be completed until after the Master Plan update. Improvements to the paid parking
facility will be made instead.
Paid parking expenditure 0 235,000 235,000
Traffic circle expenditure 258,514 (235,000) 23,514
A~rport I-und I otal 0
Net revenues (expenditures) change {500~000)
TOTAL RESOLUTION WITH CARRYOVERS TOTAL
NET REVENUE (EXPENDITURES) CHANGE .. (1,905,381)
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Previous This Revised r
Budget Change Budget
$ $ $
INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE REGULAR MEETING ON THE 2$RD
DAY OF APRIL, 2003.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 2ND DAY OF MAY 2003.
INTRODUCED, SECOND READING, AND CONTINUED PUBLIC HEARING ATTHE REGULAR MEETING ON
THE 14TH DAY OF MAY, 2003.
INTRODUCED, THIRD READING, AND PUBLIC HEARING AT THE REGULAR MEETING ON THE 28TH DAY
OF MAY, 2003.
APPROVED AND ADOPTED AFTER THIRD READING ON THE 11TH DAY OF JUNE, 2003.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 20TH DAY OF JUNE, 2003.
AT -'ST:
// ~, BOARD OF COUNTY COMMISSIONERS
NETTE JONESI/ JACK HATFIELD, CHAIRMAN ~ ~,..~,~ .-
JL.I ~UTY COUNTY {Z;LERK DATE:
APPROVED AS TO FORM: MANAGER APPROVAL:
JOHN M. ELY ~" ' HILARY r~=~dTCHER-SMITFF
COUNTY ATT?.~E~r
COUNTY ~'IANAGER
APPROVED AS TO CONTENT:
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