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HomeMy WebLinkAbout2023-24 Annual Appropriation Ordinance Adopting a Budget and Financial Plan and Making Appropriations to Pay the Costs, Expenses, and Liabilities of the Town of Vail for Fiscal Year 2024ORDINANCE NO. 24 SERIES OF 2023 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1, 2024 THROUGH DECEMBER 31, 2024 WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed long-range capital program for the Town and a proposed budget and financial plan for all Town funds and activities for the fiscal year; and WHEREAS, it is necessary for the Town Council to adopt a budget and financial plan for the 2024 fiscal year, to make appropriations for the amounts specified in the budget; and NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: 1. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof, have been fulfilled. 2. Pursuant to Article IX of the Charter, the Town Council hereby makes the following annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the first day of January, 2024, and ending on the 31st day of December, 2024: FUND AMOUNT General Fund $86,954,673 Capital Projects Fund 21,049,192 Real Estate Transfer Tax Fund 9,339,944 Housing Fund 11,500,000 Vail Marketing Fund 3,177,658 Heavy Equipment Fund 5,111,847 Dispatch Services Fund 3,481,250 Health Insurance Fund 6,214,167 Residences at Main Vail Fund 1,841,421 Timber Ridge Enterprise Fund 39,232,600 Total 187, 902, 751 Less Interfund Transfers (53,087,040) Net Expenditure Budget 134,815,711 Ordinance No. 24, Series of 2023 3. The Town Council hereby adopts the full and complete Budget and Financial Plan for the 2024 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein and made part hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. This Ordinance shall take effect five (5) days after publication following the final passage hereof. 4. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 5. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 6. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 7. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this 7th day of November, 2023. A public hearing shall be held hereon on the 21 st day of November, 2023, at 6:00 pm at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the Town. I&VV% Kim Langmaid, May ru---�o AT T ST: StepharYie Bibbens, Town Clerk Ordinance No. 24, Series of 2023 OP o�'�O R A'T READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 21 st day of November, 2023. Lew, 1.�,,,► Kim Langmaid,vor ATTEST: Stephanie Bibbens, Town Clerk Ordinance No. 24, Series of 2023