HomeMy WebLinkAboutMINUTES Estes Park Building Authority 1993-01-110
RECORD OF PROCEEDINGS
Estes Park Building Authority
January 11,1993
Attending:Dr.James Durward,Peggy Lynch,Richard
Widmer,Monte Vavra
Also Attending:Gary Kiaphake
Absent:Jim Banker
President Widmer called the meeting to order at 8:40 A.M.
It was moved and seconded (Lynch/Vavra)to appoint Dr.Durward and
Jim Banker to a three-year term from 1993 to 1996,and it passed
unanimously.
It was moved and seconded (Lyncli/Durward)to nominate officers for
the year 1993 as follows:
Richard Widmer —President
Peggy Lynch -Vice-President
Monte Vavra —Secretary/Treasurer
and it passed unanimously.
Secretary/Treasurer Vavra presented the 1992 financial statements
through September 30,1992 (latest date available).It was moved
and seconded (Lynch/Durward)to accept the September 30,1992,
financial reports as presented,and it passed unanimously.
Secretary/Treasurer Vavra presented the proposed 1993 Budget for
the Reserve and Debt Service Funds.It was moved and seconded
(Lynch/Durward)to adopt the 1993 Budget as presented,and it
passed unanimously.
Gary Kiaphake updated the Board on the status of other business.
With the passage of Amendment 1,it is unclear if any future
project will be brought to the Building Authority.There is no
activity planned for 1993 or possibly 1994.Discussion followed,
and assuming voter approval,possible projects could be the Estes
Valley Recreation and Park District Recreation Center,the Stanley
Park Indoor Arena,improvements at Stanley Park grounds,and
possible housing projects.
It was suggested to attempt to schedule meetings at a time when
member Banker could attend.The Building Authority bylaws state
the meeting is to be held the second Tuesdayof January;however,
to facilitate Mr.Banker’s schedule,the meeting will be scheduled
the third or fourth Monday of January 1994.
The meeting was adjourned at 9:05 A.M.
ESTES PARK BUILDING AUTHORITY
RESERVE FUND
BALANCE SHEET
December 31,1993
ASSETS
Cash &investments $111,142.92
TOTAL ASSETS 111,142.92
LIABILITIES &ENCUMBRANCES
Liabilities 0.00
Encumbrances 0.00
TOTAL LIABILITIES &ENCUMBRANCES 0.00
FUND BALANCES
Fund Balance:
Revenue 2,968.23
Expenditures 2,726.00
Reserve for Encumbrances 0.00
TOTAL FUND BALANCE 111,142.92
TOTAL LIABILITIES &FUND BALANCES $111,142.92
n
ESTES PARK BUILDING AUTHORITY
RESERVE FUND
STATEMENT OF REVENUE &EXPENDITURES
December 31,1993
Year—to
Budget Month Date
REVENUE:
Interest Earned 5,000 729.83 2,968.23
Total Revenue 5,000 729.83 2,968.23
EXPENDITURES:
Transfer to Debt Service Fund 5,000 740.00 2,726.00
Total Expenditures 5,000 740.00 2,726.00
•1
0 0
ESTES PARK BUILDING AUTHORITY
DEBT SERVICE FUND
BALANCE SHEET
December 31,1993
ASSETS
Cash &investments $3.32
TOTAL ASSETS 3.32
LIABILITIES &ENCUMBRANCES
Accrued Interest 0.00
TOTAL LIABILITIES &ENCUMBRANCES 0.00
FUND BALANCES
Fund Balance:
Revenue 106,828.24
Expenditures 107,946.32
Unreserved 1,121.40
TOTAL FUND BALANCE 3.32
TOTAL LIABILITIES &FUND BALANCES $3.32
EXPENDITURES:
Bond Payments
Irst
Paying Agent Fees
Total Expenditures
Budget
98,337
1,200
500
5,000
105,037
30,000
76,367
1,200
107,567
Month
66,438.43
0.00
8.31
740.00
67,186.74
30,000.00
38,183.16
0.00
68,183.16
Year—to
Date
102,486.59
1,580.00
35.65
2,726.00
106,828.24
30,000.00
76,366.32
1,580.00
107,946.32
ESTES PARK BUILDING AUTHORITY
DEBT SERVICE FUND
STATEMENT OF REVENUE &EXPENDITURES
December 31,1993
REVENUE:
Lease Rental Revenue
Other Revenue
Interest Earnings
Transfer from Reserve Fund
Total Revenue
ESTES PARK BUILDING AUTHORITY
1994 RESERVE FUND
1992 1993 1994
REVENUE Actual Actual Budget
Interest Earnings 3,835 2,967 3,000
TOTAL REVENUE 3,835 2,967 3,000
EXPENDITURES
Transfer to Debt Service 3,834 2,726 3,242
TOTAL EXPENDITURES 3,834 2,726 3,242
Revenues Over!(Under)
Expenditures 1 241 (242)
Beginning Balance 110,900 110,901 111,142
Ending Balance 110,901 111,142 110,900
a
ESTES PARK BUILDING AUTHORITY
1994 DEBT SERVICE FUND
1992 1993 1994
REVENUE Actual Actual Budget
Lease Rental Revenue 99,653 102,486 102,017
Other Revenue 540 1,580 1,600
Interest Earnings 254 36 100
Transfer from Reserve Fund 3,851 2,726 3,242
TOTAL REVENUE 104,298 106,828 106,959
EXPENDITURES
Bond Payment 30,000 30,000 30,000
Interest 78,346 76,367 75,362
Paying Agent Fees 540 1,580 1,600
TOTAL EXPENDITURES 108,886 107,947 106,962
Revenues Over!(Under)
Expenditures (4,588)(1,119)(3)
Beginning Balance 5,710 1,122 3
Ending Balance 1,122 3 0