HomeMy WebLinkAboutRESOLUTION 09-98C
RESOLUTION TO APPROPRIATE SUMS OF MONEY No.9—98
A RESOLUTION TO SUPPLEMENT THE TOWN OF ESTES PARK’S 1998 GENERAL,SPECIAL EVENTS,COMMUNITY
REINVESTMENT,PARK ENTRANCE ESTATES CONSTRUCTION,PARK ENTRANCE ESTATES DEBT SERVICE,OPEN
SPACE,AND SENIOR CENTER FUND BUDGETS.
WHEREAS,the Town of Estee Park has received a federal grant (ISTEA)for the Lake Estee
Hike/Bike Trail Wapiti Meadows section construction,the Public Works Department budget needs
to be increased by $95,000;and
WHEREAS,the Town determined to improve the electrical wiring system at the Stanley
Hall project the Community Subsidy Department budget shall be increased by $100,000;and
WHEREAS,the Town discovered it overlooked an item in the 1998 budget process,it has
been determined that the Special Events Fund budget for building maintenance shall be
increased by $21,000;and
WHEREAS,the Town of Estes Park has determined to purchase Lot 4 Stanley Historic
District the Community Reinvestment budget needs to be increased by $815,000;and
WHEREAS,the Town of Estes Park determined it had excess assessments resulting from the
Park Entrance Estates road and water improvements and to refund said excess to the
participants and for additional improvements contracted in 1998,that the Park Entrance
Estates construction budget shall be increased by $90,000;and
WHEREAS,the Town of Estes Park determined that excess collections in the Park Entrance
Estates Debt Service Fund shall be applied towards early redemption of the outstanding bonds
and as a result that the budget shall be increased by $29,850;and
WHEREAS,the Town of Estee Park has determined to purchase the Sickle property that the
Open Space Fund budget shall be increased by $136,000;and
WHEREAS,the Town of Estes Park has assumed the operations of the Estee Park Senior
Center a 1998 budget of $51,445 shall be created.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,
COLORADO:
1.THAT the General Fund 1998 revenue budget be increased from $8,931,578 to
$9,026,578 to reflect the federal ISTEA grant revenue.
2.THAT the General Fund 1998 expense budget be increased from $9,660,397 to
$9,855,397 to reflect the Lake Estee Hike/Bike Trail construction and Stanley
Hall electrical project.The source of funding for the Stanley Hall project is
beginning fund balances.
3.THAT the Special Events Fund 1998 expense budget be increased from $508,619 to
$529,619.The source of funding is the beginning fund balances.
4.THAT the Community Reinvestment Fund 1998 revenue budget increased from $230,000
to $1,045,000 to reflect the Lot 4,Stanley Historic District lease agreement.
S.THAT the Community Reinvestment Fund 1998 expense budget be increased from $9,300
to $824,300 to reflect the purchase of Lot 4,Stanley Historic District.Any
additional cash requirements will be funded from a short—term cash advance from
the Light and Power Fund.
6.THAT the Park Entrance Estates construction fund 1998 expense budget be increased
from $1,629 to $91,629.The source of funding is the beginning fund balance.
7.THAT the Park Entrance Estates Debt Service Fund 1998 revenue budget be increased
from $23,449 to $50,000 to reflect unanticipated cash receipts.
8.THAT the Park Entrance Estates Debt Service Fund 1998 expense budget be increased
from $23,991 to $53,841.The source of funding is unanticipated 1998 revenues.
9.THAT the Open Space Fund 1998 expense budget be increased form $77,756 to
$213,756.The source of funds will be the 1998 Open Space tax receipts and short
term cash advances from the Light and Power fund if necessary.
10.THAT the Senior Center 1998 revenue budget be increased from $0 to $55,334.The
source of funding will be the grant revenues,program income and General Fund
transfer.
11.THAT the Senior center 1998 expense budg in increased from $0 to $51,445.The
source of funding will be grant rev rnes,program income and General Fund
transfer.
ADOPTED the 26th day of July,1998.
Mayor
ATTEST:
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Town Clerk
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