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PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS
RESOLUTION # /6-5 2006
A RESOLUTION SUMMARIZING REVENUES AND EXPENDITURES FOR
EACH FUND AND ADOPTING A BUDGET FOR PITKIN COUNTY,
COLORADO FOR THE CALENDAR YEAR 2007.
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 20, 2006, 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 year. 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 as
set forth in Exhibit A.
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
2007 USE OF TRANSFER
TOTAL PRIOR YEARS' FROM OTHER
IFUNDS REVENUES SURPLUS FUNDS TOTAL
General Fund 18,479,774 0 626,000 19,105,774
Translator Fund 602,233 0 0 602,233
Road Capital Fund 406,000 0 1,703,162 2,109,162
Road & Bridge Fund 4,138,784 0 0 4,138,784
Social Services Fund 521,960 122,136 0 644,096
Healthy Community Fund 1,331,222 0 0 1,331,222
Redstone Ranch Acres GID Fund 8,268 0 0 8,268
Aspen Ambulance District Fund 370,547 0 0 370,547
Aspen Library Endowment Fund 290,000 0 0 290,000
Aspen Library Fund 2,718,492 35,631 0 2,754,123
Conservation Trust Fund 56,000 0 0 56,000
Open Space & Trails Fund 11,630,478 3,058,807 69,000 14,758,285
Enhanced 911 Authority Fund 360,372 0 0 360,372
Transit Sales/Use Tax Fund 12,018,484 0 0 12,018,484
Transit Sales Tax Debt Fund 941,066 36,924 0 977 ,990
Twining Flats GID Fund 16,371 0 0 16,371
Housing Impact Fund 1,460,300 0 0 1,460,300
County General Obligation Fund 469,412 0 0 469,412
County Lease/Purchase Fund 0 0 336,030 336,030
Airport Fund 15,338,915 1,040,155 0 16,379,070
Solid Waste Center Fund 3,899,500 0 0 3,899,500
75,058,178 4,293,653 2,734,192 82,086,023
That estimated expenditures, transfers to other funds, and additions to surplus for each fund are as
follows:
2007 ADDITIONS TRANSFER
TOTAL TO TO OTHER
IFUNDS EXPENDITURES SURPLUS FUNDS TOTAL
General Fund 18,569,365 131,379 405,030 19,105,774
Translator Fund 394,596 207,637 0 602,233
Road Capital Fund 2,103,045 6,117 0 2,109,162
Road & Bridge Fund 2,435,622 0 1,703,162 4,138,784
Social Services Fund 644,096 0 0 644,096
Healthy Community Fund 989,208 42,014 300,000 1,331,222
Redstone Ranch Acres GID Fund 6,872 1,396 0 8,268
Aspen Ambulance District Fund 364,445 6,102 0 370,547
Aspen Library Endowment Fund 0 290,000 0 290,000
Aspen Library Fund 2,754,123 0 0 2,754,123
Conservation Trust Fund 0 0 56,000 56,000
Open Space & Trails Fund 14,758,285 0 0 14,758,285
Enhanced 911 Authority Fund 211,268 149,104 0 360,372
Transit Sales/Use Tax Fund 10,777,189 1,241,295 0 12,018,484
Transit Sales Tax Debt Fund 977,990 0 0 977,990
Twining Flats GID Fund 13,101 3,270 0 16,371
Housing Impact Fund 0 1,460,300 0 1,460,300
County General Obligation Fund 467,528 1,884 0 469,412
County Lease/Purchase Fund 336,030 0 0 336,030
Airport Fund 16,379,070 0 0 16,379,070
Solid Waste Center Fund 3,421,852 207,648 270,000 3,899,500
75,603,685 3,748,146 2,734,192 82,086,023
Page 2
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 2007.
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 12TH DAY OF DECEMBER, 2006.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 10TH DAY OF
DECEMBER, 2006.
APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING ON THE 20TH
DAY OF DECEMBER, 2006.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 31ST DAY OF DECEMBER, 2006.
BOARD OF COUNTY COMMISSIONERS
\
Jea tte Jones
Dep y Clerk & Record
RECOMMENDED FOR APPROVAL:
MANAGER APPROVAL:
i'J I
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Debe Nelson
Finance Director
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County Ma ger
g;\budget\2007\original\resolutions\2007 budget reso\adopl rese.xls
Page 3
Exhibit A
SUMMARY OF PITKIN COUNTY LEASE/PURCHASE OBLIGATIONS
2007 After 2007 Total
TOTAL TOTAL TOTAL TOTAL TOTAL FIRST LAST
PRINCIPAL INTEREST BUDGET PRINCIPAL INTEREST BUDGET PRINCIPAL INTEREST BUDGET YEAR YEAR
- -
LEASE/PURCHASE EXPENDITURES,
MASTER LEASE 265,000 68,430 333,430 1,195,000 145,393 1,340,393 1,460,000 213,823 1,673,823 1999 2011
(refinance fleet service center and
Courthouse Plaza)
NET COUNTY LEASE
PURCHASE EXPENDITURES 265,000 68,430 333,430 1,195,000 145,393 1,340,393 1,460,000 213,823 1,673,823
-.:z::....
G:\budget\2006\original\lease.xls LEASE2007