HomeMy WebLinkAbout2024-18 Annual Appropriation Ordinance: Adopting a Budget and Financial Plan for its Fiscal Year 2025ORDINANCE NO. 18
Series of 2024
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, 2025 THROUGH DECEMBER 31, 2025
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 2025 fiscal year, to make appropriations for the amounts specified in the
budget; and
NOW, THEREFORE, BE IT ORDAINED BY THE 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, 2025, and ending on the 31 It day of December,
2025:
FUND AMOUNT
General Fund
$64,113,074
Internal Employee Housing Fund
1,182,793
Capital Projects Fund
73,162,995
Real Estate Transfer Tax Fund
9,298,764
Housing Fund
15,775,000
Vail Marketing Fund
477,701
Heavy Equipment Fund
5,490,197
Dispatch Services Fund
3,738,486
Health Insurance Fund
6,771,265
Residences at Main Vail Fund
2,058,136
Timber Ridge Enterprise Fund
462,909
Total
182,531,320
Less Interfund Transfers
(24,771,368)
Net Expenditure Budget 157,759,952
Ordinance No. 18. Series of 2024
3. The Town Council hereby adopts the full and complete Budget and Financial
Plan for the 2025 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 19th day of November, 2024. A public hearing shall
be held hereon on the 3rd day of December, 2024, 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.
.00 'A7
Travis Coggi ayor
ATTEST:
Stephanie Kauffman,'Town Clerk
Ordinance No. 18. Series of 2024
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN
FULL this 311 day of December 2024.
ATTEST:
Sty &Wknall�
Stephanie Kauffman, Town Clerk
lilt,
Travis Coggi ayor
or
RAT
Ordinance No. 18. Series of 2024