HomeMy WebLinkAboutRESOLUTION 20-97C
RESOLUTION TO APPROPRIATE SUMS OF MONEY No.2 0-97
A RESOLUTION TO SUPPLEMENT THE TOWN OF ESTES PARK’S 1997 SPECIAL
EVENTS,PARK ENTRANCE ESTATES CONSTRUCTION AND PARK ENTRANCE
ESTATES DEBT SERVICE FUND BUDGETS.
WHEREAS,the Town of Estes Park purchased and installed a wireless sound system in
the downtown area with a lease purchase agreement and needs to budget for increased revenues
and capital purchase in the Special Events Fund of $38,631;and
WHEREAS,the Town determined additional work was necessary in order to complete
the construction of water and street improvements in the Park Entrance Estates Special
Improvement District and the Park Entrance Estates Construction Fund had sufficient resources,
the budget needs to be increased by $10,000;and
WHEREAS,the Town had received unanticipated revenues in the Park Entrance Estates
Debt Service Fund it was determined to call one additional bond.The Park Entrance Estates
Debt Service Fund budget needs to be increased by $5,000.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK,COLORADO:
1.THAT the Special Events Fund 1997 revenue budget be increased from $461,126 to
$499,757 to reflect the downtown sound system lease revenue.
2.THAT the Special Events Fund 1997 expense budget be increased from $482,179 to
$520,810 to reflect the purchase of the downtown sound system.
3.THAT the Park Entrance Estates Construction Fund expenses be increased from
$81,632 to $91,632 to cover the additional construction costs at Park Entrance Estates
Special Improvement District.The revenue source is the accumulated cash balance.
4.THAT the Park Entrance Estates Debt Service Fund be increased from $24,884 to
$29,884 to cover the costs of additional bonds called during 1997.The revenue
source is the unexpected revenues received in 1997.
ADOPTED this 9th day of December,1997.
AnEST:
C J
Town Clerk
Mayor
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