HomeMy WebLinkAboutRESOLUTION 09-97RESOLUTION TO APPROPRIATE SUMS OF MONEY 9-97
A RESOLUTION TO SUPPLEMENT THE TOWN OF ESTES PARK’S 1997 GENERAL
FUND,OPEN SPACE FUND,AND CONFERENCE CENTER FUND BUDGETS.
WHEREAS,the Town of Estes Park purchased a traffic monitor unit with a lease-
purchase agreement and needs to budget for increased revenues and capital purchases in the
General Fund of $12,011;and
WHEREAS,the Town of Estes Park will receive grant revenue and cash donations to
fund the Youth Volunteer Corps,the General Fund revenues and Police Department budget need
to be increased by $21,305;and
WHEREAS,the Town of Estes Park General Fund has received an Historical
Preservation Grant to fund the Stanley Hote{roof replacement project,the General Fund revenue
and Community Services Department budget need to be increased by $37,000;and
WHEREAS,the construction of the Lake Estes Bike Trail that was originally budgeted
in fiscal year 1996 was not started until fiscal year 1997,the General Fund grant revenue and
Public Works budget need to be increased by $203,200 and the Open Space Fund needs to be
increased by $332,800 to fund the Town match portion from beginning fund balance and
inteffund loan from Light &Power,if needed;and
WHEREAS,the Town of Estes Park has entered into a lease-purchase agreement to
purchase the property known as the “Willows”,the Town needs to increase the Open Space 1997
revenue budget by $450,000 and expense budget by $331,787;and
WHEREAS,the Conference Center HVAC system required extensive repair work and
the vasious General Fund line items will be allocated to the project and need to be transferred
to the Conference Center Fund and that those funds in the amount of $31,600 will need to be
supplemented.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK,COLORADO:
1.THAT the General Fund 1997 revenue budget be increased from $7,981,715 to
$8,255,242 to reflect the traffic monitor lease revenue,Youth Volunteer Corps grant
revenue and other donations,Stanley Hotel roof grant revenue,and the Lake Estes Bike
Trail grant revenue.
2.THAT the General Fund 1997 expense budget be increased from $9,015,787 to
$9,289,314 to reflect the purchase of the traffic monitor,the Youth Volunteer Corps
expenses,the Stanley Hotel roof replacement project,and the Lake Estes Bike Trail
project.
3.THAT the Open Space Fund 1997 revenue budget be increased from $200,000 to
$650,000 to fund the Town match portion of the Lake Estes Bike Trail project and the
Willows property lease-purchase.
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4.THAT the Open Space Fund 1997 expense budget be increased from $200,000 to
$864,587 to fund the 1997 Town match portion of the Lake Estes Bike Trail and the
lease-purchase of the Willows property.
5.THAT the Conference Center 1997 revenue budget be increased from $498,185 to
$529,785 in the transfer from the General Fund account.
6.THAT the Conference Center 1997 expense budget be increased from $509,833 to
$541,433 to fund the repairs to the HVAC system.
ADOPTED this 26th day of August 1997.
Mayor
ATTEST:
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Town Clerk Deputy
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