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Home My WebLink About1988-05-03 Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION TUESDAY, MAY 3, 1988 2.00 p.m. Vail Library Community Room AGENDA 1. Update of 1989 World Alpine Ski Championships Plans 2. Discussion of a request to name/identify the two .stone islands in East Vail on Streamside Circle and Meadow Drive 3. 1988 First Quarter Financial Report 4. Information Update on Ford Park Construction Summer 1988 5. Information Update 6. Other VAIL TOWN COUNCIL WORK SESSION TUESDAY, MAY 3, 1988 2:00 p.m. in the Vail Public Librar Communit Room EXPANDED AGENDA 2:00 1. Update on 1989 World Alpine Ski Championships Plans Bob Knous 2:20 2. Discussion of a request to name/identify the two stone Tom Braun islands in East Uail on Streamside Circle and Meadow Drive Action Requested of Council: Approve/deny the request so it can proceed to the Design Review Board.. Background Rationale: The management of the Vail Racquet Club has initiated this request in order to facilitate giving directions to visitors going to East Vail lodging facilities. Naming the planters would not reference a specific project, but rather provide a convenient reference point for giving directions. This proposal does not involve a request for Town funding. Staff Recommendation: Staff feels the proposed concept has merit. The design and construction must be of high quality and the names selected for the planters be applicable to East Uai1. 2:50 3. 1988 First Quarter Financial Report Charlie Wick Ron Phillips Action Requested of Council: Receive the first quarter financial report and ask questions or make comments as desired. Background Rationale: The first quarter financial report was prepared in conjunction with a supplemental appropriation. The supplemental appropriation includes project roll-forwards from 1987, new expenditure items as dictated by Council, and technical corrections. 3:20 4. Information Update on Ford Park Construction Summer 1988 Kristan Pritz Action Requested of Council: None Background Rationale: The presentation is an opportunity for the Council to be updated on the progress of the lower bench improvements for Ford Park. Bids are to be submitted by May 5. General Contractor selection will be by May 16th. Construction is scheduled to begin by May 23rd, if weather permits. Over 25 general contractors and subcontractors have requested the bid package. The staff is very pleased with the interest in the project. Staff Recommendation: N.A. 3:35 5. Information Update 3:40 6. Other town of uai 75 south frontage road vail, Colorado 81657 (303) 476-7000 MEMORANDUM TO: FROM: DATE: RE: Ron Phillips Finance Staff S'~"~ ~ ' April 28, 1988 1988 First Quarter Financial Report Please find attached the 1988 First Quarter Financial Report and a proposed supplemental appropriation. The report and supplemental appropriation are based upon direction provided to staff in recent months. The supplemental appropriation adds expenditures to the budget for project roll-forwards from 1987.($470,400), repayment of the West Vail street bonds ($475,000), additional street maintenance ($414,000). and elimination of all scheduled new leases for 1988 ($265,000). The funding for these additional expenditures will come from the fund balance increases which occurred in 1987 and higher than anticipated sales tax receipts in 1988. Due to the fund balance gains in 1987 and anticipated revenue growth in 1988, the financial staff is recommending that the Town pay cash for all items originally scheduled to be leased this year. This move will cost the Town an additional $265,000 this year, but will reduce expenditures by at least $140,000 in both 1989 and 1990. The Town remains in excellent financial condition. Our financial results continue to improve and are allowing us to complete projects and meet budgetary goals earlier than projected. SHB/ds TOWN OF VAIL 1988 FIRST QUARTER FINANCIAL REPORT April 28, 1988 SALBS'fAX Revised: 4/28/88 TOWN OF VAIL SALES TAI BSTIHATIOH WORgSHEET HONTB 1980 1981 ------------------------------- December 549,000 590,242 January 626,448 514,102 Februarp 624,040 594,292 Harch 683,000 697,464 SOBTOTAL 2,482,488 2,396,100 ------------------------------- April 246,820 308,436 `~' Hap 89,180 135,779 June 176,044 245,204 July 281,846 339,418 August 268,052 332,724 September 176,090 285,918 October 131,316 225,024 November 190,630 210,254 December ------------------------------- TOTAL 3,998,526 4,478,852 1982 820,762 675,186 687,792 853,648 3,037,388 355,300 147,378 241,326 349,116 348,156 268,598 223,830 245, 894 5,223,586 1983 737,506 696,752 751,a5s 977,828 3,163,942 319,546 156, 588 251,744 401,474 384, 338 324,670 198,614 281,704 5,494,620 1984 1985 1986 853,100 906,758 905,955 742,262 881,304 890,585 824,650 918,154 946,552 1,084,814 1,187,520 1,316,652 3,504,826 3,893,736 4,059,744 481,204 531,668 430,877 166,200 162,912 244,987 262,696 280,828 361,627 406,462 447,815 479,507 402,792 386,985 512,513 384,864 340,102 374,060 206,248 209,282 237,504 310,588 229,083 376,657 6,125,880 6,482,411 1,017,476 X Change X Change 1988 1988 from from 1987 ; BODGET ACTOAL Variance 1987 Budget 1,167,280 1,225,000 1,245,612 20,612 6.7X 1.7X 1,063,196 ; 1,075,000 1,115,357 40,357 4.9X 3.8X 1,135,186 ; 1,135,000 1,231,008 96,008 8.4X 8.5X 1,378,782 1,350,000 1,572,000 222,000 14.OX 16.4X 4,745,044 4,185,000 5,163,977 378,977 8.8X 1.9X 425,961 590,000 245,518 ; 240,000 331,581 ; 363,000 419,201 490,000 536,904 559,000 442,402 ; 460,000 273,951 285,000 386,270 398,000 1,225,000 7,866,832 ; 9,395,000 5,163,9T? 378,977 111:.1 1 Revised: 4/ 4/88 TOWN OF VAIL REAL ESTATE TRANSFER TAX History and Budget 19$8 1980 1981 1982 1983 1984 1985 1986 1987 1988 1988 BUDGET MONTH ------------ ACTUAL ----------- ACTUAL ------------ ACTUAL ---------- ACTUAL ----------- ACTUAL - ACTUAL ACTUAL ACTUAL ; BUDGET ACTUAL VARIANCE January 63,999 98,089 106,981 119,972 ---------- 78,053 ----------- 80,733 ----------- 101,374 ------------- 131,916 ------------ 88,320 ---------- 96,119 ---------- 7,799 February 40,595 69,018 105,024 132,220 86,289 170,052 64,906 44,040 ; 75,687 109,873 34,186 March 69,886 126,935 109,533 137,820 62,693 63,831 92,557 38,791 79,300 68,104 ( 11,196) Subtotal ------------- 174,480 ---------- 294,042 ------------ 321,538 ---------- 390,012 ----------- 227,035 ----------- 314,616 ----------- 258,837 ----------- 214,747 ; ------ 243,307 274,096 30,789 April 76,855 94,&53 65,900 103,526 173,321 90,396 182,743 ------- 95,554 ------------ 95,731 ---------- ---------- May 42,738 84,324 54,663 90,599 96,006 228,673 98,651 120,984 82,287 June 62,239 125,433 54,488 140,638 76,467 49,513 79,915 73,509 71,243 July 49,367 186,110 104,262 68,539 157,598 88,528 70,441 47,949 ; 81,307 August 79,859 115,499 71,282 97,806 58,937 32,860 100,182 61,137 ; 70,813 September 59,800 113,992 49,332 96,746 64,671 48,516 108,167 78,819 ; 69,052 ~v October 108,510 154,000 42,498 122,546 88,732 109,633 93,860 124,291 97,733 November 102,623 107,768 81,698 91,385 105,109 74,909 89,047 114,839 ; 87,177 December ------------- 142,662 ---------- 133,867 ------------ 110,911 ---------- 56,533 ----------- 81,890 -- -------- 333,139 --- 106,695 95,495 ; 101,348 - TOTAL 899,133 1,409,688 956,572 1,258,330 - 1,129,766 -------- 1,370,783 ----------- 1,188,538 ------------- 1,027,324 ; ------------ 1,000,000 ---------- 274,096 --- ------ 30,789 L Ur tV li t3HLL tiev it;e4~ ski r. u~ 1JUu TOWN OF VAIL STATEMENT OF CHANGES IN FUND BALANCE 1/1/87 - 12/31/88 REAL ESTATE SPEC. PARKING HEAVY GENERAL CAPITAL TRANSFER ASSESSMENT EQCIIPMENT ; FUND PRCIJECTS FUND TAX FUND FUND FUND TC)TAL Fund Balance 1/1/87 1,851,918 469,991 2,440,576 167,811 45,413 ; 4,775,709 ; 1987 Revenue 10,018,586 4,473,760 1,293,325 89,464 914,024 16,789,159 ; 1987 Expenditures 9,561,467 4,306,949 1,636,370 ( 14,653) 914,024 ; 16,404,157 Gain/(Loss) 457,119 166,811 ( 343,045) 104,117 0 385,002 ; ---------------------------------- w Fund Balance 12/31/87 ---------------------------------- ------------- 2,109,037 ------------- --------------- 636,802 --------------- -------------- 2,097,531 -------------- --------------- 271,928 --------------- ------------ 45,413 ------------ --- ---- -------- 5,160,711 ------------ -- ; -- 1988 Revenue Estimate 10,830,808. 5,853,662 1,217,000 62,000 1,474,400 ; 19,437,870 ; 1988 Expenditure Estimate ---------------------------------- 11,252,930 ------------- 6,049,840 --------------- 1,997,764 --------- ---- 9,000 --------------- 1,222,325 ------- ---- ! ---- 20,531,859 ------------- - Gain/(Loss) ( 422,122) ( 196,175) - ( 780,764) 53,000 - 252,075 ( 1,093,989) ; ---------------------------------- Projected Fund Balance 12/31/88 ---------------------------------- ---------------------------------- ------------- 1,686,915 ------------- ------------- --------------- 440,624 --------------- --------------- -------------- 1,316,767 -------------- -------------- --------------- 324,928 --------------- --------------- ------------ 297,488 ------------ ------------ ---- ---- ---- --4,066,722 ------------- ------------- , ' - - 88~TRRPT TOWN OF VAIL 1988 Financial Report Estimates to Year End including Supplemental Appropriation 1988 ESTIMATE TO VARIANCE GENERAL FUND REVENUE BtIDGET YEAR END OVER/(TINDER) Taxes Property & Ownership Taxes 1,625,000 1,657,800 32,800 Retail Sales Tax 4,843,00C! 5,018,000 175,OCl0 Ski Lift Tax 57Cl, 000 570, OClO 0 Franchise Fees 340,000 340,ClC10 0 Penalty & Interest -------------------------------- 15,000 ---------- -- 15,OC10 --- 0 -- -- 7,393,000 ---------- ?,600,8ClC! ----------- 207,800 Construction Fees 139,600 10Cl,C)00 (39,600) Licenses & Permits 97,600 89,000 (8,600) Charges for Services 228,020 228,Cl20 0 Transportation Centers 1,039,410 1,045,000 5,590 Dobson Ice Arena 427,100 427,1ClC! 0 Recreation Programs 258,820 258,820 0 Intergovernmental Revenue 651,668 656,668 5,000 Fines & Forfeitures 121,30C! 123,60C! 2,300 Other ~ 311,300 301,800 (9,500) TOTAL GF REVENtIE 10 667,818 10,830,808 162,990 GENERAL FtIND EXPENDITt1RES Town Officials 537,766 537,766 0 Administrative Services 814,236 814,236-- 0 Community Development 537,131 537,131 0 Police 1,784,267 1,784,267 0 Fire 825, 461 827, C!C)0 1,539 Public Works 1,454,890 1,454,890 0 Transit 1,272,378 1,272,378 0 Transportation Centers 810,903 81C>,9Cl3 0 Dobson Ice Arena 617,585 617,585 0 Recreation Programs 613,243 613,243 0 Library 439,718 439,718 0. Contributions & Events 507,938 5C)7,938 0 Employee Benefits 78,000 6Cl,OOC1 (18,000) Insurance 377,900 345,OC)0 (32,900) Contingency 91,875 91,875 0 Transfer to Capital Projects Fund 239,000 239,000 0 Transfer to Heavy Equipment Fund 300,000. 300,1)00 0 - - ---- ----- TOTAL GF EXPENDITtIRES ------------- 11,302,291 -------------- 11,252,930 -- ------- (49,361) SURPLUS/(SHORTFALL) (634,473) (422,122) 212,351 4 1988 ESTIMATE TC- VARIANCE CAPITAL PROJECTS FUND REVENUE BUDGET YEAR END C)VER/(CINDER} Retail Sales Tax 4 , 587 , C-C10 4 , 71 ~ , C-C1C- 125 , 000 County Sales Tax 137,OOC- 14C1,000 3,000 Ski Lift Tax 570, CiCi0 57C1, C1C-t! 0 Street tlse Tax 58 , C1GC- CI ( 58 , C-00 ) Recreation Amenities Fees 20, OC10 2C1, C-OC- 0 Earnings on Investments 65 , C-C-C- 65 , C1CIC1 0 Other Income 107,662 1C17,662 0 Transfer from General Fund ---------------------------------- C1 ------------ 239, C)C-C) ------------- 239, C-00 ------------- ---------------------------------- TOTAL REVENt]E ---------------------------------- ------------ 5,544,662. ------------ ------------- 5,853,662 ------------- ------------- 309,000 ------------- REVISED 1988 ESTIMATE TO VARIANCE CAPITAL PROJECTS Ft]ND EXP . ---------------------------------- ---------------------------------- BUDGET ------------ ------------ YEAR END ------------- ------------- C)VER/ (tINDER ) ------------- ------------- Bus Grant Lobbying Expense 40, C-00 45, C)00 5, C1Cl0 Street Maintenance & Improvments 1,021,76C1 1,C121,760 0 Street Light Improvement 30, CIC10 3C1, CIC-C- 0 Misc. Bldg. Maintenance 1C10, C10C1 lt-C-, C-C10 0 Recreational Paths Maintenance 7C1, C1 C1C- 7C-, CIC10 0 Fire Station Bay Improvements 2C1, 000 2C1, CIC-CI 0 Dobson Arena Safety Improvements 8, C1C-0 8, C-CICI 0 Parking Structures Projects 1C-5,tIC10 1C15,CIC-Cl 0 Bus & Facility Grant Match 280, C-00 290, OOC- 10, CICIO Communications Equipment 15, OCIC) 15, ClC1C1 0 Bus Interior Refurbishment 26 , C1C10 26 , OC-C- 0 Helipad 25,000 25,000 0 Dobson Arena Equipment 57,500 54,000 (3,500) Village Improv. District Design 25,OOC- 25,OC1C- 0 Dispatch Move 12, t1C-0 12, OOC- 0 Pay cash for Muni. Bldg. Remodel 152,C1C10 152,C-OC- 0 Pay cash for Communications Equip 96,CIC-0 96,000 0 Forest Road Bridge roll-forward 5,000 5,Clt-0 0 Black Gore Bridge roll-forward 5,000 5,C100 0 I-70 Interchange roll-forward 235,6CiC1 235,600 0 Signage Project roll-forward 198,7C10 198,7C-0 0 Communications Equip roll-forward 2C1, CIC-0 2C1, C1 C1 C1 0 0 Transfer to Debt Service (Bonds) 475,000 475,000 0 Transfer to Computer Project 240,000 240,000 0 Transfer to Debt Service ----------------------------------- 2,775,780 ----------- 2,775,780 ------------- 0 ------------- ----------------------------------- TOTAL EXPENDITCIRES ----------------------------------- ----------------------------------- ----------- 6,038,340 ----------- ----------- ------------- 6,049,840 ------------- ------------- ------------- 11,500 ------------- ------------- StIRPLt1S/(SHORTFALL) (493,678) (196,178) 297,500 5 1988 ESTIMATE TC) VARIANCE ___`______LC)TTERY_FtTND--------------BLIDGET---___YEAR_END_--C)VER/(tINDER)- REVENtIE 7 , OOC! 7 , C-00 p EXPENDITtRES 7 ~ ppp 7, C-Op 0 SURPLUS/ (SHORTFALL) 0 C! p REVISED 1988 ESTIMATE TC) VARIANCE REAL ESTATE TRANS TAX FCIND BUDGET YEAR END C)VER/(UNDER) REVENUE RETT Taxes 1, 0CJ2, CJC)0 1, 002, ClCJO p Golf Course Lease/VMRD 70,OCJ0 7CJ,000 p Earnings on Investments 145, CJCJO 145, C!ClCJ p ------------------------------------------------------------------------ TOTAL RETT REVENUE 1,217,C100 1,217,Cl00 p EXPENDITURES Purchase of Open Space 395,932 395,932 p Transfer to Debt Service Fund 788,662 788,662 p Projects ~ 813,170 813,170 p TOTAL RETT EXPENDITURES 1 997,764 1,997,764 p St1RPLtTS/ (SHO)RTFALL) (780 , 764) (78CJ , 764) p 1988 ESTIMATE TO VARIANCE HEAVY EQUIPMENT FCIND BLIDGET YEAR END C)VER/ (UNDER ) REVENUE 1, 174, 4C10 1, 474, 40C! 3CJ0 CJ00 EXPENDITURES 1,222,325 1,222,325 p StIRPLtIS/ (SHO)RTFALL) (47 , 925) 252 , {!75 300 ,.000 6 M,NTHRPT Revised: 4/27/88 TOWN OF VAIL FISCAL YEAR-TC)- DATE REVENtTE StTMMARY As of March 31, 1988 (Operat ing Funds C)nly) 1987 1988 1987 MAR YTD °i 1988 MAR YTD % C)VER FtTND ------------------- MARCH YTD -------- C)F TOTAL MARCH YTD OF BtTDGET ( tINDER ) GENERAL FtTND -------- ------------- ---------- ----------- -------- Sales Tax (March) 2,779,647 60.3% 3,009,Ot)C1 66.2% 5.9% Property Taxes 213,776 14.1% 252,315 16.1% 2.C)% Ski Lift Tax 25C1,996 5C).2% 247,42C) 43.4% ( 6.8%) Trans. Centers 515,486 52.9% 576,184 55.4% 2.6% Dotson Arena -88,566 25.4% 7C1,411 16.5% ( 8.9%) Recreation 16,34C1 6.3% 18,2C14 7.0% .7% C)ther -------------------- 304,056 ---- 16.8% 212,5C17 9.5% ( 7.3%) GENERAL FtIND TOTAL ----------- 4,168,867 ------------- 41.6% ---------- 4,386,C141 ----------- 41.2% -------- ( .4%) CAPITAL PROJECTS FtIND Sales Tax 1,965,397 6C).3% 2,125,89C1 63.2% 2.9% Ski Lift Tax 250,996 50.2% 247,420 43.4% ( 6.8%) Street t)se Tax 1, 697 1 .2% C1 . C1% ( 1.2% ) Other 39,176 14.6% 21,861 6.6% ( 7.9%) Transfer from G. F. --------- 0 0 --------------- CAPITAL PROJECTS TC)TAL -------------- 2,257,266 --------- 50.5% ------------- 2,395,171 ---------- 55.4% ------- 5.0% LOTTERY TOTAL 0 .0% C- .0% .0% GRAND TOTAL 6,426,133 44.3% 6,781,212 45.3% 1 . C)% 7 MNTHRPT Revised: 4/27/88 TC)WN C)F VAIL FISCAL YEAR-TO-DATE EXPENDITt]RE StTMMARY As of March 31, 1988 (Operating Funds C)nly) 1987 1988 1987 MAR YTD % 1988 MAR YTD % OVER FtIND -------------------- MARCH YTD C)F TOTAL MARCH YTD C)F BtIDGET (tINDER ) ----- GENERAL FITND ----------- ----------- ----------- ----------- -------- Town Officials 92,()45 19.7% 177,853 37.3% 17.6% Administrative Serv. 159,692 21.6% 2()3,1(19 25.2% 3.6% Community Development 92,574 21.0°~ 1(17,474 20.5% ( .5%) Police 374,054 23.9% 423,427 23.7% ( .1%) Fire 168,060 23.3% 193,853 23.5% .2% Public Works 316,579 22.8% 396,249 27.2% 4.5% Transit 296,862 26.4% 399,(132 31.4% 5.0% Transportation Centers 197,818 27.1% 225,197 27.8% .6% Dobson Ice Arena 127,761 21.8% 138,741 22.5% .7% Recreation Programs 98,906 16.8% 106,657 17.4% .6% Library 92,412 22.1% 1(14,246 23.7% 1.7% Contrib. & Events 150,224 35.1% 128,(169 27.4% ( 7.7%) Employee Benefits 8,145 29.6% 12,631 1.6.2% ( 13.4%) Insurance 91,664 27.5% 53,593 14.2% ( 13.3%) Contingency ------------------- 0 .0% 0 .0% .0% ------ GENERAL FITND TOTAL ----------- 2,266,796 ----------- 23.7% ----------- 2,67(1,131 ----------- 25.1% -------- 1.4% CAPITAL PROJECTS Capital Projects 80,838 6.6% 170,386 12.1% 5.5% Transfers 243,732 7.9% CI .0% ( 7.9%) ----------------------------------------------------------------------------- CAPITAL PROJECTS TC)TAL 324,570 7.5% 17(1,386 3.8% ( 3.7%) LOTTERY TOTAL 0 .0% 0 .C-% .0% GRAND TOTAL 2,591,366 18.7% 2,84(),517 18.8% .1% NOTE: Heavy Equipment Fund charges were not recorded in the first quarter of 1987. If these charges had been made on schedule, 1988 and 1987 would look very similar. 8 BREAKDOWN OF SUPPLEMENTAL APPROPRIATIONS NET INCREASE Gross Increase Less Interfund Transfers Net Increase Roll-forwards West Vail Street Bonds Additional Streets Improvements Eliminate Leases Additional Signage Holy Cross Land Marketing Contributions Treasurer's Fees Clancy Systems Pay Telephones Parking Structure Analysis Jogging Course grant Match West Vail Street Bond Interest and Agent Fees TOTAL $2,899,770 963,800 $1,935,970 $ 470,400 475,000 414,000 265,000 103,200 75,000 40,000 32,800 13,200 9,000 9,000 5,870 23,500 $1,935,970 4-28-88 9 SUPLMNTL 5/29/87 TC)WN C)F VAIL Supplemental Appropriations GENERAL Ft1ND PRC)POSED -- ACCOUNT ----------- ITEM ------------------------------------------- SUPPLEMENTAL -------------- 01 -2100-51210 Recreation Strategic Plan roll-forward 12,000 O1 -0100-51210 Vail History Film roll-forward 15,000 01 -0100-55101 Trans to Cap. Proj. Fund 239,000 O1 -8300-52819 Marketing Contribution 40,000 01 -0200-52611 Clancy System Rental 13,200 01 -1500-52208 Pay Telephone Expenses 18,000 01 -1500-52205 Telephone Rate Charges (9,000) 01 -0100-51226 Eagle County Treasurer's Fees 32,800 O1 -0100-55102 Transfer to Heavy Equipment Fund 300,000 -- ----------- GENERAL ------------------------------------------- FL1ND TOTAL -------------- 661,000 CAPITAL PROJECTS FUND PRC>PC)SED ACCC)UNT ITEM SUPPLEMENTAL 401 Forest Road Bridge roll-forward 403 Black Gore Bridge roll-forward 404 I-70 Interchange roll-forward 905 Signage Project roll-forward 905 Increase in Signage Project 702 Communications Equipment roll-forward 110 Additional Street Maintenance 513,514,515 Pay cash for Municipal bldg. remodel 515 Dispatch Move 702 Pay cash for Communications Equipment 10-9010-55100 Trans to Debt Service (W. Vail Bonds) 10-9010-55100 Reduce Trans to Debt Service (leases) CAPITAL PROJECTS TOTAL 5,000 5,000 235,600 95,500 103,200 20,000 414,000 152,000 12,000 96,000 475,000 (50,200) 1,563,100 10 REAL ESTATE TRANSFER TAX FUND PROPC)SED -- ACCO[TNT ----- ITEM SUPPLEMENTAL --------- 30-9050-XXXXX --------------------------------------- Buffehr Park roll-forward --------------- 9,000 30 -9051-XXXXX Bighorn Park roll-forward 37,000 30 -9052-XXXXX Sandstone Park roll-forward 35,000 30 -9053-51210 Neighborhood Park Designs roll-forward 1,100 30 -9336-XXXXX Ford Park Design roll-forward 25,200 30 -9335-51107 Trout Stream roll-forward 5,000 30 -9337-51210 Rec. Paths & Lndscp Plans roll-forward 45,000 30 --- -9054-56100 --- Jogging Course Grant Match 5,870 ---------- REAL ESTATE ---------------------------------------- TRANSFER TAX TOTAL -------------- 163,170 HEAVY EQ[1IPMENT FUND ACCO[1NT ITEM PROPOSED SUPPLEMENTAL ---------------------------------------------------------------------- Eliminate Street Sweeper Lease (pay cash) 55,200 DEBT SERVICE FUND ACCO[TNT ITEM PRC)POSED SUPPLEMENTAL -- 50 ----- -9502 ------- -57100 --------- Payment -------------- of West Vail ---------------------- Street Bonds ----------- 480,000 50- 9502-57110 Payment of West Vail Street Bond Interest 18,000 50- 9502 -57120 Fiscal Agent Fees 500 50- 9439- 57100 Delete Municipal Bldg . Lease (15,200) 50- 9437 -57100 Delete Communications Eq Lease Principal_ (29,000) 50- --- 9437 ---- -57110 ------- Delete --------- Communications -- Eq Lease Interest - --- - (6,000) DEBT SERVICE F[1ND ------------ TOTAL ----- ------- --- -- ----------- 448,300 SPECIAL PARKING ASSESSMENT FUND ACCOUNT ITEM PROPC)SED SUPPLEMENTAL ---------------------------------------------------------------------- 31-9350-51210 Analysis of Parking Structure Changes 9,000 11 CONTING TOWN OF VAIL COt1NCIL CONTINGENCY REPC)RT as of April 28, 1988 ACCOUNT 01- 0100- 52857 Council Contingency ($58,125) O1- C1100- 51210 Cemetery Site Selection 2,800 01- 83Cl0- 52836 Contribution to Bravo! Colorado 22,625 O1- 0100- 5121C! Marketing Analysis 4,700 01- C1100- 52858 VVI Condominium Assessments 3,ClCl0 O1- C)1C1 CJ- 51210 Boothfalls Rock Falls Mitigation 2C), C)C1C1 O1- 83C10- 52818 Contribution to Mountain Bike Race 5,C100 Council Contingency Remaining: $91,875 12 ANALYSIS OF 1988 CITIZEN SURVEY DIFFERENTIALS BY NEIGHBORHOOD TO WHAT DEGREE ARE THE FOLLOWING CONDITIONS A PROBLEM IN YOUR RANK ORDER ITEM 1 Street Disrepair 2 3 6 NEIGHBORHOOD? EXTREME MAJOR IMPORTANT MINOR NOT A PROBLEM PROBLEM PROBLEM PROBLEM PROBLEM 5 4 3 2 1 Unsafe Walking Routes Stray Pets or Animals Lack of Recreational Facilities TOWN NEIGHBORHOOD AVERAGE NEIGHBORHOOD AVERAGE 3.0 Lionshead 3.9 Intermountain 3.6 Potato Patch 3.4 Booth Falls 3.4 West Vail 2.2 2.4 West Vail 3.0 Lionshead 2.9 Booth Falls 1.7 2.4 Intermountain 3.1 Matterhorn 2.9 West Vail 2.8 Golf Course 1.3 . Vail Village 1.6 1.9 Intermountain 2.6 West Vail 2.4 Golf Course 1.5 Booth Falls 1.2 HOW WOULD YOU RATE THE QUALITY OF THE FOLLOWING TOWN OF VAIL SERVICES? 5 ITEM Street Repair Bus System - Outlying Routes GOOD 4 TOWN AVERAGE 2.6 4.0 ADEQUATE POOR 3 2 NEIGHBORHOOD West Vail Intermountain Booth Falls Intermountain East Vail Buffehr Creek BAD 1 NEIGHBORHOOD AVERAGE 3.0 2.2 2.1 4.6 4.2 3.3