HomeMy WebLinkAboutRESOLUTION 18-96RESOLUTION TO APPROPRIATE SUMS OF MONEY 18-9 6
A RESOLUTION TO SUPPLEMENT THE TOWN OF ESTES PARK’S 1996 MUSEUM
FUND,OPEN SPACE FUND,LIGHT &POWER FUND,AND WATER FUND BUDGETS.
WHEREAS,the Town of Estes Park has received unexpected contributions to the
Museum Fund and it has been determined to use those funds for exhibit renovation;and
WHEREAS,the Town of Estes Park has received Open Space Tax Funds and a transfer
from the Light &Power Fund,it has been determined to construct the Lake Estes causeway
hike/bike trails;and
WHEREAS,the Town of Estes Park Light &Power Fund will be improving the
electrical system related to the Highway 7 project in excess of the original 1996 budget;and
WHEREAS,the Town of Estes Park Water Fund has received state funding
reimbursement for costs incurred during the Highway 34 Project for expenditures that exceeded
the 1996 budget.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK,COLORADO:
1.THAT the Museum Fund 1996 budget be increased from $153,374 to $174,821.
Source of funds will be the Friends of the Museum contribution to Other Revenue.
2.THAT the Light &Power Fund fund transfer to the Open Space fund a loan of
approximately $240,000 to be repaid from future open space receipts.The loan
will earn interest credited monthly at the average rate of return from Town
investments.
3.THAT the Open Space Fund 1996 budget be increased from $0 to $390,000.
Source of funds will be 1996 Open Space sales tax receipts and transfer from Light
&Power Fund.
4.THAT the Light &Power Fund be increased from $6,988,167 to $7,000,241.
Source of funds will be Beginning Cash Balance.
5.THAT the Water Fund be increased from $3,129,995 to $3,459,929.Source of
Funds will be 1996 government grant revenue.
ADOPTED this 26th day of November 1996.
AflEST:
Town Clerk
I
Mayor
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