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Home My WebLink About1989-06-20 Support Documentation Town Council Work Session~~ VAIL TOWN COUNCIL WORK SESSION TUESDAY, JUNE 20, 1989 2:00 p.m. AGENDA 1. Vail Stage Race Request for Funding 2. Discussion of First Quarter Financial Report 3. Discussion of SIGLU at Lionshead (Applicant: Vail Associates) 4. Planning and Environmental Commission Report 5. Information Update 6. Other 7. Site Visit for Intermountain Street Vacation Proposal VAIL TOWN COUNCIL WORK SESSION TUESDAY, JUNE 20, 1989 2:00 p.m. EXPANDED AGENDA 2:00 1. Vail Stage Race Request for Funding Ramsey Laursoo Steve Kropf Action Requested of Council: Receive presentation and approve/deny request for TOV funding of $1,000. 2:15 2. Discussion of First Quarter Financial Report Steve Barwick Action Requested of Council: Review the financial report and proposed supplemental appropriations. Make comments or changes as desired. Background Rationale: Details of the Town's current financial condition will be presented. Also, the results of the 1989 First Quarter report and proposed supplemental appropriations will be presented. 2:35 3. Discussion of SIGLU at Lionshead (Applicant: Vail Associates) Action Requested of Council: Consider whether or not to allow the proposed structure located on TOV property to proceed through the planning process. The structure is proposed as a bar with minor food service operation in the middle of Lionshead Mall. VA would like a short-term lease. Background Rationale: Projects proposed by the private sector utilizing TOV property need Council approval in order to proceed to the PEC. Council has previously denied similar requests for commercial space on right-of-way for the Golden Peak House and on the Village Transportation Center. The Master Land Use Plan requires a public hearing for granting of the lease, if the Council chooses to allow the project to proceed. Staff Recommendation: Not applicable. This is a land ownership policy issue. 2:50 4. Planning and Environmental Commission Report Peter Patten 3:00 5. Information Update Ron Phillips 3:10 6. Other 3:25 7. Site Visit for Intermountain Street Vacation Proposal Tune i, 199 Ramsey LaursoolSteve Rrapf I~iotu7tain Biking, Inc. 3aaa S.£ranta5e Rd.~r ~g veil, ca x1657 {3a3~476-7649 Ran Fhiliigs Tati;m of ?Tail Vail, Colorado G1658 Helix! REC'~ J U N - 2 1989 Enclosed is same inf armatian regarding The Vaii Stage Race, a mountain bike race we have put together to occur at the end of Tune. ~Te were approached by riders and others invol tired with I,dauritain Biking to put on this race because The Taur of The Rockies canceled. Far the past fizne yeys•s, we have organized the SnuglBud Light I~dauntain Rike races as a local series with great st~.cess. Sa pulling off this race at a somewhat last minute pace gill work because so many things are already in place dt~e to our organization of the local series. Ha~r~ever, in artier to really make this a GREAT etir~ent, we are in need of more funding. Be~.atke na ether bicycle events are slated far this su~amer, we feel the Town of Vaii shottid have a great interest in helping to financially promote this event. Idtauntain Biking has grown tremendously in a very chart time, and has gathered many people to it's ranks. In I~iaab, tttah, an a spring weekend, there have been l0,Gt1a people in their town just to ride their bikes. ale feel Vail has this same potential, and by beginning to schedule events such as this race, mare people gill begin to see Vail as a place to be an a biY.e. Fleece review the fallowing information and let me knave if the town wants to get involved. Due to atu• short time frame, please make this a primary cansideratian, sa that i~rids can be freed up immediately and progress can continue. The scale of otu• event depends an the leS.-el of funding we can gee. ~Te will be calling you regarding the ?Tail Stage Pace an Tuesday, June 6th. gfTe also are promoting the first Snug/Bud Light race that evening at 5:x0 p.m., sa you can came by to see a race in action if yore want. Thanks very much for your time! Sincerely, _ 1 - ~ ~l / ~. '} Y Ramsey Lau so Steve I~ropf J~ P ~ w F D a+,a o: a o :aa ~°°o:a °a ~~ c 0 G~~~ j~~~~ ~~i?~~,, G} ~y ~ (~ !~i`z5l~tpR ° a ~~lfzJA4p ~ 71 Q ~c•.uuto a s p 4 0 ~Teicome to the Diamond Baca: t1fF--Road Paints Series -Vail Stage Race! Yee wat~ld like to asi~ you to joili us as a mS.JiJ1' spalisor together cv7.tli Christy Sports and Diamaiid Sack in pramatil]a' a motuntain t7ike race of National Caliber! ~e need yolu• help to make this The Bic ;~c1e e~-ent of the summer! ~1~$ fl$ 1S #The wheels are in motion already to put on a mountain bii~e race in the Vail Valley. The Vaii Stake Race is sclieduled far the ~*eekend of June 24th grid 25th, with three races to be held. On Saturday, there gill be aHill Climb to E;~~le's Nest and aGriterium at Gallen Feai~~ in the afternoon. Sunday, there gill be a crass catuitry race going back to Last Lake and returning to Town in finest Vail at the Day{ros Trail. Trials events are planned also for Sunday at Gaiden Feel;. Vail Associates has joined farces Stith us as w?l1 to help wake this a fun, safe, and actian- packed extent. National gra riders as well as all levels oi' citizeli racers •x~till be in attendance. Already we have promoted this a ;rent at The Iran-Horse Classic Race in Durango and at The Rage in the Sage in Gunliison; and we have received ttery favorable reactiolis. Since Vail has na real hiking event schedtued far this summer, we feel the hail Stake Race can fill an important hale in the schedule of summer a;rents. * An ageratian glen is attached far yo~.~r information regarding the acttaai events and ho;v they will be accomplished. ~ The Town of Vaii logo ~rould go on any print advertising that ~~ distrlbute, especially the fl }ter and entry faun that you see attached. #flyers are being distributed at all prior mauritain bike races, as ~•eil as in Summit Caulity, Boulder, Denver, and Fitkili Gaunty. ~A11 tl'ie stages have spectator visibility, and can be vie~~ed easily, showing the action and excitement of ~+Iauntain Bike racing. ~ Your banner will be lion } at a113 stages of the event. * As a contributor, the race gill be trilled with the Town of Vail tagged to any mention of the race. *The Ta-~m of Vail krill be mentioned in any radio promotion. # There should be coverage of the race in Local papers, Front range papers, and possibly in National Y~dagazines, such as I~Iauntain Bike Action and filinning. ~ Dtu•ing announcements of any information during the races, The TORm of Vail grill be mentioned. # This mountain Mite race gill be goad far the town, bringing in international and nationally ranked riders, as well as the best riders from Galarada. # This race will help to put Vail on the map as a place far I~rioulitain bike riders to travel to and stay far their summer vacation plans. # Any other promotional ideas ~rou have, we will be glad to try and accommodate. ~A manetar ~ Gummitment ft'~~m i-uu immediatel ~' fur $lf 00: payat~1e as soon is pnssir~le ur tip to one ~~eek prior to the race. {An r' ~~ltznteer help ~~su ~~au1d like to Gantrit>tzte. {An ~ merchandise prize: yatz ~vtzld 1il~e to Ganti'ibtzte 111 additiafi to the $1 JI~O. ~A Smiling face at the e12d uf~ the s1zGGessftzl race! #Flease melee the check p~-~~able to Ramsey Laursual~te~e Krapf, A+intzntein Bil;iiz~, I1~G. `~~~ ~0~8~~~~~~~~~~88~~~8~~~~~~~~~88 #OF°ERATION F~LAhI•~ 1 . ref a 1'' t~ a Ire 5'' '-i V 1 l=1 c' ?`i 1" ~:? 'r' ~.; ~-i E ;~' `J ~ ' ri t t:.t 1 t. ~,,~ ~, : ~_ ~ •,. . •~'I.J?l e I'vi :i. a. l .~. r. it t'1 r} a..L .::i'r' ..._ 1. %~. f:i 1 i .i. 'h ' E-' (. ! i C. ~' i ~ I to ~~ 1 C. Eit 1. 1. n ~ ~ t r' ~ rl C' e f a t~ ~t i 1 ,w~a r is ]. C• ]. r-. ~,. it •(. ~: n I_, V rl] p 1. F:~ t k' ~1 C.t r i F., r-• li,J ; i 'r' ~ '~ i 5 ' '• 'r' ca. ;_: >7 t ; t_ ' ^ ~ ±, "1 ;:::. f . r} L7 1 i~ c..r i} 'r t I'1 f? trl (..) {'x: r~ f•:i 1 ll ~. I_l r'._•! n !._ f7 f' fi ' •~- '~' ~ I._ .. ~ _ r 1 '~' 1 L .~ ! L•J .l l 1 ! :? ;i7 ca.!:~ 4"• avallal=~Ie i;C; ctli ~iCinri~iOr'S cc~i SGOii c!~ WE r'C'C:e].Ve tf"1e r;-~ ~ ~ 1. 1, r 1, C a L' Y . r i7 ~ e i = ;J 'd i ~ ~r, p ;~ y 4w t~ n f? ~' ;~ _ ~'- i r''I; f 1, 1J lil i} rl ~~ `i t a 1.} %?. V 1 \i l _I ('c..t7 f-; ~~anct ion fe~~. --. F-~{°iat•aCa~.iy of eVer'v er,?,'raiit vJ=~tiv:.r' Will. G~_: 3+_[i~iii~~_isd to ~_:f_,.:}r.'.~ar, one Wi?~~ l{ ; -j: t ;_ r' t ht? •+., :~. t_ ~~' ;_ O I}7 Imo; .L r? t :L ;3 rI . II. •~Event Description# 1. #STAGE 1 # tVai 1. i's'fG~!ntairl Hi. 11 Cl im~:~~ ~r~ht? 'r's.t~'i? w111 C7if"1:tn r!t t~~I!'14J .... 111. :~;i.ti;+~.r'~~)aV, ~~i_irl!? ;_'::I.l~I'l. :~.y~t~?Y•t at tI'I~ C~ctSF• of the Vi.St'.t Ilahii. t=1ar;~: ct_!r~t ~%~trlG~:;*'?cl ~j~_~_ar'riiilu !~~~ i_?ra.~_~. t~a11 rir7~~rs Wi11 prnce;~,d ~!h i*1i.11. Crt?~_i. {-~fjc:'.!~. t~UV1Ce t~1en .=~• W[}61eTlq ~r~la"r''t wGlrler!a and !Tf•_~SVer'=• ;c~~~°h1 i^7.de W '. 1 1 e r i ~~ . j I_t S t C} ~: ` a r' != h ~_ { i d i n q ~ G +rJ i~l ~!.? ii I_ t? ra ]. r' 1 k1 b L? ~ e u rl i`~'t i .i. 1 C1-'eel-; rii}_td. Fenv'i.ilg W7.l.l tie +_l~ed try se~ar'ate 'thG=,e fi.tii.=>ii7.,i[} '~;h4?',_.e .end tI'ti•? t7•fsile'r' i_`1:~~.5~f?g ^;]1nr~ Gil t;a ~'_•3.L71e''~ t'~fe:~'f: I"ir+1'.1,. _. +-t ~-~~ (.: r"' Ci 4 U= 71 ~~ i~ Y" •F =; a t.'S r•_~ o Y''r tT1 t' ri q c'~. rl d 'v'et ~; w 7. .1. 1 C n Ti t 7. T I +_i :~. I_t L~ t, l) t I 1 !'. f1n1Sf`i .?.t E~.Ia1~~' j\I{~?<:i;„ F~'I"ter t'li"115f~11rlf_i thlt? sta4e, r'1t:~e'r'~5 wlll r].de d~!wri aii ti!E'7.r' hll•~e=. err' 'rctl-Ce the l-iOTICiOI.ci dG:•Jri. 1-ild ~_tct'!;].r]il'~ W:ii;17 4'Jct'!;t?r' a.nd 'Ci7'St a1Cj W111 i]t? i ~? ~- p' ~iC tJ ~~.,. Ch~-tir-• ~.I~ ~7nd t~fi.d--V~ti.l ne:~;t to t~tF:. rc~~:d. ~'We a_ Ire=catty I"laVr: r%td14}S aV{~ll_nI71t? u;J 1!~~.nq sa r'ad.lG Can'~a(_t will he in nn~;r'cit7.an from start to f7.rii~.ii. •~TFie stage sl'lral_lld ire over with Ly 1ic7n~:~i ~~.. m. #A sweep rider will clime dawn from trie top of Eagle's t~.ie=.t to mai{e '~+_lr'e a.ll r'ider's are Gff •ttle road saf~aly. ~'Res+_tlts will. be pasted d+.tri.ng the Cr'i.teri~_tm Stacie ~. Nail Associates s+_tpport needed •Fore 1. Voll_tnteer~s to ride free +_tp gGndola to set +_tp finish ~=!t Eagles I~lest. `. Operi gate to Mill Creel;, grid CFiair 1rc~. Allow I_ts to drive erne vehlicle ~tp to set +_tp aid statiori•s and finisi-i line at C~lai.r 1~'i arid Mid-Verily ar-• provide 1=i}r a VA tr+.tcf{ to drive +_tp road aid dawn for pickl_tp. ~. # STAGE ~# ~'(=gold F~estk Criteri.+_tm~• -~•1/E rni.le criteri+_rm will be will. lie constr'+_tcted on Gvld Freak - silirilar to bast year Tol_tr Gf The l~oCkies race„ We will der the fencirlg of the c•o+.trse, with dir'ectian from Vail A550C1~=ttt?5. W~3 W.lil c~l~G r'eatret~ 1f nF3Ce5Sc3r'~. ~-S'l~art time ~Jili t,e Ott 1`.Ci11 ~. m. Classes will ride the ca+~.r'~e in separate heats. endinla with S+_tper t*1en star-•t iriq aro+_tr-?d O:li`+~"! p, m. `~IJPI?~ ct1C~ St~t'~ i i]!i t•J1'1.:(t +,hi:a.l': ~''t' ta1.i i 1:]i? j.]1''+]V7. ~ ~~. a ,~ ~' i r~ ~~ t A i. d c+ ~_ r~ ~> a rt s b:J i ]. 1 W +-_ art ~-: a n ci . ~~ -i i. In i i-1 !:a a 'i° i'' a,:_ ~_ tai 1 1 I:] e _a c c t_~. r`' ~ ~. _ :? ;:~: ~,, •_t.:- i i i I~ af>Sll:,tiled t+:.'+ c;~,+_~+_ i'~~7.~_ ii!tnlber''~'. ar ;,i,_~ :+., ,. ... l- i ii i '=. i i a i"i 1 F? ;a. i:.i _? r •':1 1.:3 p a ~ 1 ;~ r? p r3 n •_, .I. i] '. t,;~ i .1. 1 I"1i115i'i7.Ti~'I is?5_> tli=iil i'`~tl~!.).'r"•P;~ la,r+s. 'r` H '1' t r. 'r' F=, ~+'1; i"1 . _: t :?. Cl ~ _' 'a ~' 't ! ~ ~ _+ t"i ;:; :_i L. i_+.. i' i:] ~ _i ! ! r, (_ ~ ~ ~i.; Il '. 1-1 a [: 1 e a ii t_l L~ >.':t f ..• ~; J. 1 m c, r ~ r. 7. ]l C E n T-! Fi a % j-} ~~ ,w~ !_t r' £i +] = ifi 1 1 .I. 4' -- -. _ c-t t^ ~: t ~_! a 1~~_~~ V T t_t '" ._ 1. !. V ~_1 '•_! !l +:: ~ ~~ {.. ! 1 ~ c~ ; i ~.` f' ,~ I~l ,i. t ! I 1 ,~ I~ l: ~:y. t',' i:' ~ U 1- 'i, .~! ~_ 1'~'r+. ~.' n !.^J .!. ~ ! S!e i~i, ji F1 a 1 1 . ;~ rl +] NJ e *"' ]. it C} 1- a r-' r-' Zvi c e• r~ s w 1 1 1. b h' _. =' t i_i D ct t l ~ „-' l ±. l"::' a. ~_t'_+ a a 1 1 a (r e S ! t 1 '!: •? t•J 1 ~ i !] +_ p [] 5 I ~? d ~=t'r '''a O O CJ .I.: _~ a t•J ilr -,., ,? :. . ~:] c+. r.;l i i ~_ '_: is 1 CI1Tltlr.'r' '3f=+ecial wi.l]. t)e held. V . f-i 1 a +~l G .i. r! i~ .: I:] !' C' z ~:l 1 '!` r~'r' ' :~ (_ 8 r' _ t•J 1 1 1 ~=i. 1 :3 !] 1=~ ?~? ., :' t I t I_! ~~ ~. #STAG.E~ .?,~ "'~ I_ a L~ I_.= I~ k' I__ tJ C) I_1 4:' .r., .::. ;ri~u=it4:sr't :=tt i~~'CI _~=tiir:isl:ail~ !c _i~~.d - 1~1~t~G: 5t=j'r't :;'t:.~;Cj~.lr'~r~Ft::I ]~.' ~`.i=~.p;::=a ,:.~ d J...::77.nLla. - ,k f L., a. 1 Iii i.) 'L: i] i_ t] ':_. 'F L_ ::+. I~ r` '+:, t_t. r' f I l] 1" 'I` a r' 1 f] :? ! I D , ~ C+ :y, .1_ ~_ r i_ .r' -i C.. ;-~'r' a u. n c1 L. a _: ~_ L :c k ~ t~ r, d u ~~ c (•> CJ a av n t [, ~' 7. i i t y I _ ~,. k £^: l" O ci d a !'~i a '.' .7. C. -: fl ~' n ;'a i 1 Cj b3 !] Ill ,1 rt a ~~ L] Cl T' t Vd O In 6? 71 a r_a i7 d }'j :~ ~-~ ~- _. •t., ,_ ,' I iJ st': ~.: 1-t .ti.'F i°: {t 1 'i l '~ a -~ 1.~~_t+=k5 wi.1 i i]~: _tv:=~.i l~~l?i+= 'Ga sit!!tt le r~7.Cic'r"=_. c+t_ti i`rr~r,i th=tt p O 1 i'1 t a i' .: flt' V i:_';~t n r" '. CJ t3 +:] t 1, t t] _+. t.'_ k t +] t i] w i'l , '~] !t L'] +_ r' S q I'~ X j:] i:? 1'' i; . , S~~+i1'r'''t fit_nq cjnC1 ~e1 RI C: T1 L`'antlit!tC' Cif? tied arld ~•~I`t7.tE {~T~C)_lfltc+.Lt1a » ~ <~. is ~ ~ ] s i i-t iJ 1 ~] '!; 'r- :_~. ~:. i•t : ~ 7 1 a w i it ~~ ;] ;] t,~ a 'r, e ~ ,.' 'I; i '';' ~ ,. , lin ~t_-dil r_ r pia 1a6~7er' t.r~ei3.la1ria ~=a. iia.sh t•Jii1 G•e at t`~at tr,aiia The r_tr~r- l e i i g t l-t w i 7..i IM, r.? :~~ p ~:a i'' C] x 1 !~ ~t t, :? l y ~ ~ "~ lit l i +? .~ . tC :a c_ r2 i.•• 3 ~_' _~ n r` 1 ~:j e b +. t:: l-C "::4talt_lt°Itt?a'!.:c iy1.1.1 b+ ~tCiS'!:.e=~={ c'tt lnct.lar"' 1nteY'St'C't:].ail`=q C)t:i_!C:'l' 1 n'i, e'r''> ;? ,_ h 1 a i1 S 4V 1 1 a. I:] ~ m cl'r' !,: ~ ~ i~ a {:] C~+'r' +=~ (= r' l :°l'i: i= 1 '~ a ~•Fir~st Aici C+~-'r'SOtiiiel. w7.il fr+e r-,1=tC•e'd a~+~~-r-'apr'7.c-~te7.v t)rt tits, caltrse, with r~,diaa Aid stations will be planed at La~•t Lake' t~!.r~noffq pr-'?.or to Lost I_.~tke sinclle t'r'ackq artd •=t the end of L+]51.: I_~.kta sl.rilale track, '~i~latarcycl.e sweep will tae camrJleted after, all r-'id+.~r,s finish, -Radio contact- will t~+_~ es~l:•=. 1]1 i'sl-ted frorn start to ~I=irii=_. 17 '- f!tr~]°tisl-ied by Vacation vide,, ~Tr-'iala conlpe'I~itian will be I~+=1+~ at 1:~1~ a.t r~]li~ I~'?~i.i~, +n~i~ic~l-~ will be gaad far spectators wi-ti).e res!tlts far the stage are facing cor!ipileda ~'Res!tlts will t+e posted at Gold F'eak base lady+_ appr-'or;i.raatel.v hours after 'r'ace finish and a.t•Jards ccremi]rty will be ther-'t (o!ttside on der_k). •~Race shol_tld be complete by i~ct~4.l to 1:~'I~ pa m. Awards si~o!tld be pit _~~~'!~ p. m. III. #ADVERTISING/PROMOTION PROGRAM# #What we will do for, Yol_i!# 1. Race is represented on Diarnand E~ack Cc)lorada Cuff--Road Paints Series Poster as Tal_rr of l"he I~a~_i~iesa (altho!tl]h that race was c:anceledq the pri.rlti.ng wets. alr,eadv danty.) .~ ~. F•1Vers will be prince+~ <~s en'L-rv ~Forln•a which weq ].1 take to the three prior Faint Series races in DI_tranga, GI_tnni.san, and .`^]'t ~, c>, lii I] ~] ca.9;, . i -' 1 f= 6t ~3 i? ti i' i' i3 it l= 1 fJ `.5 N f~ r] 7^ C) t t] '1: ';l L i-? p '1- 1' 1. V iv 7~ . 7 Ia i11 i 5 ~] l.^ n<"~.RIE' ctTld ~ oClG w1l J. t.JE•' Oil flWe'r"'. In+C'. C.O~t.ld rt! ~O tctl•C~? 1 1`i 'r O r~ m i 't I ~_~ i 1 _.. r' i? CJ +.'r~ i:~ 1 Tl 1~ ^ "t:• {'l ~~ r~ . '_i C= iJ i i 1 O r' Ci O ~!. n 1: ct I rt {] 1 I-i t? p'r' O f? 'r~ •a. iil s '~~ O 't:hE,se r^aC'es. Ft l._,o, at each i'~~t_e tii~• ~~romoter will be askt~d t0 c:+.n'ili]Llil~=k? ~1!{'l~? 'r~rtC~' ctl~]TiC~ L1t:L s:II y']I!.i•' Ylctlilf? 3. •_; ~ ~_j)o1"1'=•O'r~. _. rl',aEt~5 Udlll .+.i50 u~' t~ci{-:ei"I t0 Zt1i'•.C SI"~~!GS lil SI_lfiliillt ~~0~_irityy F3~]I_lid''Y'q F-1'.~L7'?Tly _tYld Dr3'IIVi?r^ sh~](:75„ 4•. E-'r^a5fi r"elB•.i.+e tO LOCct1 ~1:?t~15~~~aperE;y ('17.T'1T'1iiiCJ tilagct:=life. The Dtn',~?r^ 'O ty ~rne F2oc_I~y t~lol~nt~tin I`~lews. Tile >3ot_tl.der~ L'~~.ily ~, a ffl E' 7~ a y F? Ci C?lC y trl O It rl 't a 7. ti :.'? ~'i G 'r~ t =: ci it d t 1 t : it ? S S , :l Tl CI (rl O t_l it ?; a ). i'1 r'1• J. {~ c? E-1Ct.lOTl tTldl]~~'._'..lili?. ~. We will 'ner_;Cit].ci.tL wit: I'1 ~OLS%;. izaUiG =•tct~'].iiila tC? dO p'r' O li7 l] t 1 O 'tl 5 a e '~ p i~ i_^ .l <?. 1 1 y 6•N 1 't h i ~ .''i • {~ t: J I'l ~] r' ? p r' ,] fa i'~ ,?. I'fl m 1 '~ t I]_ i'^ tP ct L {"'t e 5 GctLlltq h'1tKlily ctiiGl ~;I_lmmlt C~]!lTit7.E?5. [~ „ `{ i J t_t Y' {] r_~ n n ~ _ Y" is w 1 :i..L iJ is O Il Cj 1 ~i ~ 1 :_i y :~~ t '~ t ~~ 7~ t ~] '1" I'l I ~. 1 C.^..i. 1. lil ~:i . at cr^a.ter,i.l_tm„ and at star-•t/fiTiish of i~~r~oss col_lntry. Salvo, at 't lie ~?. 6•d d r' d 5 ~= G 7~ e 1'il ~] n V . . 7. X111 cinilCl~_tTlr•i.riq wi.;.l iticl.~_tde nami:: idt_an'til-icatian r'~'1= 3pOil~_:Gr^~~. i'~. I'aames 01 ifla,]O1'~ two ~i~'Oil=Or'S wlll Ll@ OTl r='CirlGeTi.tOr=> C~J.L!5. '7 . T -- •_; I'l 1 r ~'t 'o w i 1 l I]t? 1] ;., 1 it t ~' d trd l '{; 11 ;?Oil 'io ~? 7^ .L _ II O 1 it ~= iJ r"' 1'_t r }.: =a. ~~ ,z 1i'ltr_~ deSiT~Ti. iti%1. We ~?x,~~eCt ;il_l~e local pttrti.c'i.pationy dt~r;• t:o ot_lr-• r~.•_~'L st_ti=c~~SS with lot-al •set~ies of rniJl_tilt~.in tJii~e r~~.C•i•~s. r~;o•,-,~;oi^s lOC;-tl CGiilftlt_lil].~~V Ea~r_'iwm and <-lWc~tt'eTl?=+5 Wlll lil~_r'Oc"15= C~V ~eliiq 1 t 1 V o 1 V e ~_''i w i 'L h I: i l !? ~; t i'i 1. y i 31•~ Ct i•? {] i i= '~:' ~_' •;. f? ~i? `•I e ri t ]. i'l '~~ { l e `J <it 1 1 4? •d t i' i 1 '3 St_16161EY'. 11. l•!e ar^e open to any ottic?r promotion?.l >=veilt~s yot_t i;d~":tiit: tr, <s~:alai=. (##IDEA## I~;lris'L',r s~l~]~_lld ^_i=t ~~iibh ;=u~~~~iali=e~~ t;~] =t~~e if 'the '~~~~~eciali F~c{ team will. rho to tl-teir star~e for^ _. 5pt?~C1 i l eij t l lilt? p0'r'l ii+=i. '~i~~eet P~ded U': ?7~~_Tld •nTl~=1 {_1 5~i i~1~_ili Lich vl': T C:am ~'tt !!i11D rl_lm Giv 7~ i "J IV. #F'ri~es - Money Award s# Dollar^ pr~izes for' SI_lper~ hltil ~~.nd Women a Meil !•JOIli~?i1 -- Place 1st ~:~~I~ >`~~111 ciid x`47121 `$1~~k'1 ,_; i•' d ~ 1 kl 111 x~ 9 4th ~ 94.'1 ~G 54:1 S t h <t> 8111 '~t> 3 w 6th ~ 7111 7th ~ 6121 8th ~ 51'1 9th ~i; 4111 1 lilt h ~ 3111 '~•(~11 othEt^ classes will rec::'i.ve merc•I-~andis~~3 pr-•i.zes throl_lgh ten plai,es. h~ COt_ll]le ~]1" ~t_lil i]Y'1 eS 1'iJ'r' e:itr~c!O'r^dJ.n~al'^y e'I'1'Oi'~'t5 will also be awarded. F'ri~es will paid fr^om entries and Sponsor money. ~uonsors alrEiadv committt=d: ~•L•hri st y Sparc s ~•Di-_tmond ~iaC'l•~ ~FluOOdlag 'x'~lfi I r~i c4 il0 're' `'7 it !_l f.~ VIo #Over~all Comment 1~!_ti'~ ~J,^_ir~pU4iL '>.T": C:;1'`'~:+iliUt .i.it~ %{'i7.4=• Iti~~I;.it~_~cii.ll L+i~iE ~?VClit, 1 ~ %U {~'f~ U V I u ~ c+. ._ _'..j ''~ n ~ ~ f r+. ~. .~. '~i' y ~{ i i. i ] is iJ !~~ '! I ~F _.: ~ i.. i ~ 'f' 1 1 ~1 1.~ ~., !1 f ~ I_ L_ ~. '_ ~% C .L :a .J 'I'~ IYI U !_l f 1 4 •':! i t'i F'~ i h: 4~ 1''• __ e 1 i i «, i ~l E~ ~! ~+ ~• i 13. Tl rJ ~; i i =. 'r~ E! C" C-? 1 y t ~_+ q ~~ t~ ,,:c = !~ =! ii v Citi'~cl~s iYl~/olV+~+~ :~.•:a r+U55il~ii?4 ~li'i+_~_ i:F1U5i_ <'3'r~a 'I_I`i~_ c~~3+=+p.1? Ir;;;~iC, !~~i 11 ~~•!.l"i~+=it't yU!; :.. _ ~. ~ rUtiS+~r'e i.t 8 W2;i'G 'j:. U { i r?. V is ?. 'j' ! ! i I ~'il+~ 8 it a~ e'r"'{: <'~ . i'"i 1. Yl C_] Fa V i_a i i'~ +:! 7^ 5 U ='-- ~ c.'jJ i71'"~ 5 't r! C°,IC~!'~r={"';y SCi t{`it!~ tUC+ W111 Wc'iiit~ tD ~+C' IiIVC~~.V~~Cj iN7.tri riiC~+lITITCtI.Ti i7 .l 1? 1 Pl 1'~ e dale WcAiii"t; i+, r''+.9~~C;_i.t"'c!.L?C' ~~E~t1"c~ 1'-•].r~1iiC{ ctll~_{ e'T-Ivir~ciTimcTi~%t1 asNJd'r"'Et~l~'t=> ~'~ ci. Si 1 C is 1 ~ V y ca, t:• l • Q III (~.' ~:' ~_ :i. j C+ r S Ci ll r' S ~ 1 V f'. 2i v H! t !tl c1 Tl t~ ~ O =i r:, c ~' i-I. 7. J, c'! f: Zit R 1 U~. C !? W I"i ~~ 'r~ !? -. ~~ ll [! i_ 'r' 1 i] 'r' fil U !_l 1°! 'j:. %_t .L n n 1 {{ E2 1'~ r3 ~_ E~ 15 i 1 t~ 1 ~~ '!- i) T ~v~?t:~,~U1ie 7.tiv[il.v~i1 ~~i"i~i t~d'ii~~r~~~ t;li:i C:Ufi1m!_lii].ry C'Uiilrni.trnerit c.o 11U!_ll'lL'"='tli? C:i{i.lilCa WI~1L~r'(~We T f-I F=1 i~~a i-: i~ ri 1~ ~ I I I I I 90 0 of uai 75 south frontage road vail, Colorado 81657 (303) 479-2116 MEMORANDUM TO: Ron Phillips _.~-- ~~~yy;; %' FROM: Finance Staff ~-+~-~~ C'~"-z'~. DATE: June 12, 1989 RE: 1989 First Quarter Financial Report Please find attached the 1989 First Quarter Financial Report. The financial condition of all Town funds continues to be increasingly healthy. Many Town revenue sources, most notably sales tax revenues, are producing substantially greater revenue than budgeted, while operating expenditures remain at budgeted levels. The additional revenues received by accelerate construction of a number increase fund balances. The Town's projected to exceed $3.1 million by Town of Vail operating funds have c. recommended minimum levels. the Town are being used to of capital projects and to General Fund Balance is now the end of 1989. All other ash balances which exceed SHB/ds TOWN OF VAIL FIRST QUARTER FINANCIAL REPORT June 12, 1989 89FNDBAL Revised: b/ 5/1589 TOWN OF VAIL STATEMENT OF PROJECTED CHANGES IN FUND BALANCE (Operating Funds Only) 1/1/89 - 12/31/89 REAL ESTATE SPEC. PARRING HEAVY ; GENERAL CAPITAL TRANSFER ASSESSMENT EQUIPMENT ; FUND PROJECTS FUND TAX FUND FUND FUND TOTAL ; Fund Balance 1/1/89 2,621,753 1,037,964 1,971,840 305,677 333,493 6,270,727 ; , ~, Projected 1989 Revenue 11,250,500 6,488,695 1,990,000 490,000 1,209,700 21,428,895 ; Projected 1989 Expenditures 10,701,476 6,734,210 2,190,519 250,000 1,216,340 21,092,545 ; ------------------------------------------------------------------------------------------------------------------------- Gain/(Loss) 549,024 ( 245,515) ( 200,519) 240,000 ( 6,640) 336,350 ; , , , , , , , Projected Fund Balance 12/31/89 3,170,777 792,449 1,771,321 545,677 326,853 6,607,077 ; SALESTA% Revised: 5/26/89 TOaR OF PAIL SALES TA% ESTIHATION HOR6SBEET X Change X Change 1989 1989 from from BONTB ---------- 1980 ----------- 1981 ----------- 1982 ----------- 1983 ----------- 1984 ----------- 1985 ----------- 1986 ----------- 1987 ---- 1988 BODGET ACTOAL Variance 1988 Budget January 626,448 514,102 675,186 696,752 742,262 881,304 890,585 -------- 1,063,196 ------------ 1,126,496 -------------- 1,210,000 ------------ 1,435,996 --------------------------- 225,996 27.5X 18.7X February 624,040 594,292 687,792 751,856 824,650 918,154 946,552 1,135,786 1,205,101 1,350,000 1,524,092 174,092 26.5X 12.9X larch 683,000 697,4fi4 853,648 977,828 1,084,814 1,187,520 1,316,652 1,378,782 1,591,705 1,642,000 1,963,085 321,085 23.3X 19.6X April 246,820 308,436 355,300 319,546 481,204 531,668 430,877 425,961 550,205 450,000 583,000 133,000 6.OX 29.6X N -------~-~ ----------- ----------- ----------- -~--------- ----------- ----------- ----------- ------------ ------------ -------------- ------------ --------------------------- Subtotal ---------- 2,180,308 ----------- 2,114,294 ----------- 2,571,926 ----------- 2,745,982 ----------- 3,132,930 --- 3,518,646 3,584,666 4,003,725 4,473,507 4,652,000 5,506,173 854,173 23.1X 18.4X Bay 89,180 135,774 147,378 156,588 -------- 166,200 ----------- 162,912 ----------- 244,987 ------------ 245,518 ------------ 170,567 -------------- 200,000 ------------ --------------------------- June 176,044 245,204 247,326 257,744 262,696 280,828 361,627 331,581 329,039 ; 360,000 July 281,846 339,418 349,116 407,474 406,462 447,815 479,507 479,201 559,683 550,000 August 268,052 332,724 348,756 384,338 402,792 386,955 512,513 536,904 575,887 580,000 September 176,090 285,918 268,598 324,670 384,864 340,102 374,060 442,402 422,502 440,000 October 137,376 225,024 223,830 198,614 206,248 209,282 237,504 273,951 291,204 ; 265,000 November 140,630 210,254 245,894 281,704 310,588 229,083 376,657 386,270 376,235 ; 380,000 December ---------- 590,242 ----------- 820,762 ----------- 737,506 ----------- 853,100 ----------- 906,758 ----------- 905,955 1,167,280 1,245,612 1,455,948 1,455,000 TOTAL 4,039,768 4,709,372 5,140,330 5,610,214 6,179,538 ----------- 6,481,608 ------------ 7,338,801 ------------ 7,945,164 ----------- 8,654,572 --------------- 8,882,000 ----------- 5,506,173 --------------------------- 854,173 RETT Revised: 6/ 6/1989 TOWN OF VAIL REAL ESTATE TRANSFER TAX History and Budget 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1989 ~ 1989 BUDGET MONTH -------- ACTUAL --------- 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 ---------- 96,119 -------------- 84,193 ----------- 309,233 * --------- 225,040 February 40,595 69,018 105,024 132,220 86,289 170,052 64,906 44,040 109,873 75,549 140,192 64,643 March 69,886 126,935 109,533 137,820 62,693 63,831 92,557 38,791 68,104 73,345 145,957 72,612 April 76,855 94,653 65,900 103,526 173,321 90,396 182,743 95,554 179,671 100,585 151,070 50,485 May -------- 42,738 --------- 84,324 ----------- 54,663 --------- 90,599 ----------- 96,006 ----------- 228,673 ------ 98,651 120,984 99,736 79,700 220,299 140,599 Subtotal -------- 294,073 --------- 473,019 ----------- 442,101 --------- 584,137 ----------- 496,362 ----------- ----- 633,685 -- ----------- 540,231 ----------- 431,285 ----------- 553,503 ------------- 413,371 ----------- 966,751 --------- 553,380 June ~' 62,239 125,433 54,488 140,638 76,467 -- ------- 49,513 ----------- 79,915 ----------- 73,509 ----------- 101,364 ------------- 70,858 ------------ -------- July 49,367 186,110 104,262 68,539 157,598 88,528 70,441 47,949 126,537 82,209 August 79,859 115,499 71,282 97,806 58,937 32,860 100,182 61,137 109,315 71,489 Septembr 59,800 113,992 49,332 96,746 64,671 48,516 108,167 78,819 116,557 70,625 October 108,510 154,000 42,498 122,546 88,732 109,633 93,860 124,291 177,360 99,052 November 102,623 107,768 81,698 91,385 105,109 74,909 89,047 114,839 241,888 85,570 December --------- 142,662 -------- 133,867 ----------- 110,911 --------- 56,533 ----------- 81,890 --------- 333,139 106,695 95,495 192,947 106,824 TOTAL 899,133 1,409,688 956,572 1,258,330 -- 1,129,766 ----------- 1,370,783 ----------- 1,188,538 ----------- 1,027,324 ----------- 1,619,471 ------------- 1,000,000 ------------ 966,751 -------- 553,380 * Includes $133,000 of delinquent taxes, penalty, and interest. 89QTRRPT TOWN OF VAIL 1989 Financial Report ..__ Estimates to Year End 1989 ESTIMATE TO VARIANCE GENERAL Ft]ND REVENt1E ------- Bt1DGET YEAR END ------------ C)VER/ (t]NDER ) ---------- Taxes -------------- - ------------- ------------- ------------- Property & Ownership Taxes 1,782,4C-0 1,785,C)C-C) 2,600 Retail Sales Tax 4 , 856 , C-C-C) 5 , 32C-, C1C-0 464 , 000 Ski Lift Tax 636,000 750,C-UO 114,OC-0 Franchise Fees 347 , C-C-C- 4C-5 , C-C-O 58 , C-00 Penalty & Interest -------------------- 19 , C)C-0 -------------- 27 , C-C-C- ---------- 8 , U00 7 , 640 , 400 --- 8 , 287 , C-C-C- ------------- 646 , 600 Construction Fees 163,8C10 224,C-C-O 60,200 Licenses & Permits 94,5C-C) 28,5C-0 (66,000) Charges for Services 208,258 234,C-OC- 25,742 Transportation Centers 1 , 111 , 960 1 , 19C- , C-C-C- 78 , C-40 Intergovernmental Revenue 687,16C- 746,C-C-O 58,840 Fines & Forfeitures 13C-, 9C-C- 156, C1ClC- 25, 100 Other --- 333 , 550 385 , C-C-C- ---- 51 , 450 ------------ TOTAL GF REVENUE ----------~-- 1Ci,370,5~8 --- -----~F------ 11,~~C-,SC-C- ------------- ----------- 879,972 GENERAL FtIND EXPENDITURES Town Officials 502,114 5C-2,114 0 Administrative Services 893,786 893,786 0 Community Development 6C-0, 835 6C-C-, 835 O Police 1,926,925 1,926,925 0 Fire 831,133 831,133 0 Public Works 1,551,843 1,551,843 O Transit 1,342,585 1,342,585 p Transportation Centers 812,832 812,832 0 Library 457 , C-60 457 , C-6C- 0 Contributions & Events 558,334 558,334 0 Employee Benefits 55,500 55,5C-C- Q Insurance 382,375 382,375 Q Contingency 58,396 58,396 0 Transfer to VMRD 527,758 527,758 0 Transfer to Parking Assmnt. Fund 2C-0, C!C)C) 2(-C-, C-C-C) - 0 TC)TAL GF EXPENDITURES 1C-, 7U1 , 476 ---------------- 1C-, 7C-1 , 476 -------- 0 St]RPLtIS/(SHORTFALL) (330,948) 549,024 879,972 4 1989 ESTIMATE TO VARIANCE CAPITAL PRC)JECTS FtIND REVENUE BUDGET YEAR END C)VER/(t]NDER) Retail Sales Tax 4 0161 010101 4 451, 010101 390, 000 County Sales Tax 148, 010101 1601, CICIC! 12, 000 Ski Lift Tax 636, C-C-CI 7501, CICIO 114, 000 Recreation Amenities Fees 20 , 010101 55 , 010101 35 , 0100 Earnings on Investments 9CI, C-CIO 110, CICIC- 20, 0100 Other Income 62,695 62,695 0 UMTA Bus Grant 9010, OOCI 900, OOCI 0 - TC)TAL REVENIIE ------------ 5,917,695 ------------- 6,488,695 ------------- 571,000 REVISED 1989 ESTIMATE TC) VARIANCE CAPITAL PRC)JECTS FIIND EXP . BUDGET YEAR END C)VER/ (CINDER } Communications System tlpgrade 4010, 010101 40101, 010101 0 Street Maintenance & Improvements 1, 378,40101 1,378,40101 0 Street Light Improvement 301, OCICI 3C-, C-C10 0 Misc. Bldg. Maintenance 9C), 010101 901, 010101 0 Recreational Paths Maintenance 73, 010101 73, CICIC) 0 Parking Structures Projects 1401, OCICI 14U, OC-0 0 Ski Museum Tnterior Finishing 75, CICIO 75, CIOC1 0 Ski Museum Demo & Redevelopment 22,000 22,010101 0 TC)V Shop Maint. & Improvements 80, CIC-0 80, 010101 0 Bus Interior Refurbishment 26, C-CIO 26, 010101 0 Children's Fountain Retrofit 30, 010101 30, 010101 0 Signage Program 76,50101 76,50101 0 Nature Center Roof 12,000 12,000 0 Fire Station Kitchen Remodels (3) 201,01001 2C1,C1C1C- 0 Muni Bldg. /Post C)ffice Plan 6, 010101 6, 010101 0 Underground Electrical Lines 21 , 010101 21 , 010101 0 Design/Eng. Pulis Bridge Widening 201, 010101 201, C)CICI 0 Design Library Wall 1 , 50101 1 , 50101 0 Communications Equip roll-forward 4,7C)tl 4,7001 0 Fire Station Bay roll-forward 10,250) 101,250 0 Dobson Arena Safety roll-forward 6,9001 6,9010) 0 Build . Maint . roll-forward 24 , CICIO 24 , CIC-0 p Info Boath Expansion roll-forward 5,4001 5,40101 0 Muni Bldg. Remodel roll-forward 7,8001 7,80101 0 Village Improv. Dist roll-forward 25,01001 25,(1(10 0 Signage Project roll-forward 42, CIC10 42, 010101 0 Bus Grant Match roll-forward 253, C)OCI 273, 010101 20, 000 Bus Grant Accounting Change 9010, C10C1 9010, OCIO 0 Unallocated Project Budget 39,745 0 (39,745) Transfer to Computer Project 2401, t1C1C1 2401, 010101 0 Transfer to Debt Service 2,693,760) 2, 693,7601 0 TC)TAL EXPENDITtTRES 6,753,955 6,734,10 (19,745) StIRPLtIS/ (SHO)RTFALL ) (836,260) (245,515) 590,745 5 1989 ESTIMATE TO VARIANCE LOTTERY FTTND BUDGET YEAR END OVER/(TINDER) REVENtIE 9, 000 9, C-C-O 0 EXPENDITtTRES g, 0Q0 g, C-Q0 0 StTRPLtTS/ (SHORTFALL) (- 0 0 REVISED 1989 ESTIMATE TC) VARIANCE REAL ESTATE TRANS TAX FUND BTTDGET YEAR END C)VER/(UNDER) - ------------ REVENUE ------------- ------------- --- ------------- RETT Taxes 1, C)10, C-C10 1, 8C-C-, C-00 790, 000 Golf Course Lease/VMRD 70, C-C-C- 7C-, OC-C- 0 Earnings on Investments --------------------------------- 1C-5, C-C-C- - 12C-, OOC- 15, 000 TC)TAL RETT REVENtTE ------------ 1 , 185 , CIC)0 ------------- 1 , 99C-, C-C-C- ------------- 805 , 000 EXPENDITtTRES Purchase of Open Space 395,932 395,932 0 Transfer to Debt Service Fund 793,087 793,C-87 0 Projects 1,C101,5C-0 1,C-C-1,5C-C- 0 ----------------~-----------n-----------------_____ TOTAL RETT EXPENDITURES 2 190,519 ~,190,~19 0 StTRPLtTS/(SHORTFALL) (1,OC-5,519) (2C-C-,519) 805,000 1989 ESTIMATE TC1 VARIANCE HEAVY EC~tTIPMENT Ft1ND BtIDGET YEAR END C)VER/(TINDER) -----------------1,209,7C-0----1,2C-9,7C-0--===__=====o= REVENTIE EXPENDITtTRES 1,216,340 1,216,340 0 SURPLI]S/ (SHORTFALL) (6 , 640) (6 , 640) 0 1989 ESTIMATE TO VARIANCE SPECIAL PARKING ASSESSMENT Ft]ND ------ BTIDGET YEAR END C)VER/(UNDER) ------------- REVENTIE ------------ ------------ -------------- Parking Assessments 4C-, C-C-O 4C-, C1C)0 0 Daily Parking Revenue 235 , C-C-C- 235 , C-C-O 0 Earnings on Investments ------------------ 15 , C-C-C- 15 , C-C-C- 0 --------- TOTAL RETT REVENt1E ------------ 290, C-C-O ------------- 29C-, 000 ------------- 0 EXPENDITtTRES 250, OOC- 250, C-00 0 ------------- StIRPLUS/ (SHORTFALL) ------------ 40 , C-C-O ------------- 40 , C-C-O ------------- p 6 MNTHRPT Revised: 6/ 9/89 TOWN C)F VAIL FISCAL YEAR-TC)-DATE REVENtIE StTMMARY As of April 30, 1989 (Operating Funds Only) 1988 1989 1988 APR YTD % 1989 APR YTD % OVER FI1ND ------------------------ APRIL YTD ------- --- OF TOTAL APRIL YTD C)F BtIDGET (UNDER) GENERAL FtIND - - ----------- ----------- ----------- -------- Sales Tax 2,452,816 47.5% 3,C)12,862 62.C!% 14.5% Property Taxes 465,276 27.4% 516,619 29.0% 1.6% Ski Lift Tax 419,966 66.3% 531,864 83.6% 17.3% Trans. Centers 714,167 64.5% 791,875 71.2% 6.8% Charges for Services 5Cl,890 21.8% 71,389 34.3% 12.4% Other --------- ---- --- 519,539 25.8% 463,556 26.1% .3% - - ------ GENERAL Ft]ND TOTAL ------------ 4,622,654 ----------- 42.6% ----------- 5,388,165 ----------- 52.C!% -------- 9.4% CAPITAL PRC)JECTS Ft]ND Sales Tax 2,C143,659 42.1% 2,517,422 62.0% 19.9% Ski Lift Tax 419,966 66.3% 531,864 83.6% 17.3% Other 56 , 040 - 14 . C!% 1 C12 , 917 39.9% 25.9% Transfer from G. F. ------------ ----------- 0 -- . C1% C) . C!% . 0% - CAPITAL PRC)JECTS TC)TAL ----------- 2,519,665 ---------- 41.7% ------------- 3,152,2C13 --------- 63.6% -------- 22.0% LOTTERY TOTAL 0 .0% C! .C!% .0% GRAND TC)TAL 7 , 142 , 319 42.2% 8 , 54C! , 368 55.7% 13.5% 7 ' MNTHRPT Revised: 6/ 9/89 TOWN OF VAIL FISCAL YEAR-TU-DATE EXPENDITURE StIMMARY As of April 30, 1989 (Operating Funds C)nly) 1988 1989 1988 APR YTD % 1989 APR YTD % OVER Ft]ND ------------------------- APRIL YTD ----------- OF TC)TAL -------- APRIL YTD C)F Et]DGET (t1NDER) GENERAL FUND --- ----------- ----------- -------- Town C)fficials 217,0010 38.6% 166,5017 33.2% ( 5.4%) Administrative Serv. 264,0103 32.01% 295,746 33.1% 1.1% Community Development 143,648 32.7% 1601,968 26.8% ( 5.9%) Police 553,830 31.4% 649,824 33.7% 2.4% Fire 252,973 31.01% 275,9501 33.2% 2.2% Public Works 497,638 33.9% 522,615 33.7% ( .2%) Transit 494,316 40.9% 597,866 44.5% 3.6% Transportation Centers 276,0160 35.6% 317,879 39.1% 3.5% .Library 139,048 32.4% 135,0145 29.5% ( 2.8%) Contrib. & Events 253, 112 501. 3% 450), 0177 811.6% 301. 3% Employee Benefits 21,268 33.7% 12,386 22.3% ( 11.4%) Insurance 58,748 12.6% 86,838 22.7% 10.1% Contingency 0 . C1% 0 . CI% . 0% Trans. to C)ther Funds 30101, C-OO 64.7% 2010, 010101 10101 . C1% 35.3% Transfer to VMRD ----------------------- 0 .CI% 141,559 26.8% 26.8% -- GENERAL FUND TOTAL ----------- 3,471,644 ----------- 35.5% ----------- 4,(113,2601 ----------- 37.5% -------- 2.0% CAPITAL PROJECTS Capital Projects 224,648 101.8% 38,868 1.0% ( 9.7%) Transfers ------------------------ 720,000 --- 20.7% C1 .0% ( 20.7%) CAPITAL PROJECTS TOTAL ---------- 944,648 ---------- 17.01% ------------- 38,868 -------- .6% --------- ( 16.4%) LOTTERY TC)TAL ------------------------ 0 -------------- . (1% --------- C1 ------------- . Q% -------- ..0% --------- GRAND TC)TAL 4,416,292 28.8% 4,0152,128 23.2% ( 5.6%) 8 CONTING TOWN OF VAIL COUNCIL CONTINGENCY REPORT as of June 13, 1989 ACCOUNT -------------------------------------------------------------- 01-0100-52857 Original Budget $1UC1,CJ00 USES: O1-6100-51108 VMRD Separation Expenses 31,404 01-0100-52858 Cleanup Day 9,700 O1-1100-52101 NLC FAIR Committee Attendance 1,600 01-0100-52150 Employee Beach Boys Tickets 11,C100 01-8300-52831 U.S. Disabled Ski Team Donation 1,000 O1-0100-52858 Tents for Street Entertainment l,f-00 O1-6100-51108 Return of Coors Classic Funding (14,100) -------------- ------------------------------------ Total Contingency Used ------------ 41,604 Council Contingency Remaining: $58,396 9 'SUPLMNTL TOWN OF VAIL Supplemental Appropriations GENERAL FUND 6/13/89 PRC>PC)SED ACCO[INT ITEM SUPPLEMENTAL ---------------------------------------------- 01-2100-51210 Master Transportation Plan roll-forward 18,000 C11-2300-51210 Air Quality Study roll-forward 8,000 O1-2200-XXXXX Building Inspection Changes 14 300 O1-8300-52814 Vail Community T.V. 31,821 01-Cf100-55800 Transfer to Parking Fund 200,000 CIZ-8300-52819 Marketing Contribution (revenue offset) (68,000) ----------------------------------------- GENERAL F[1ND TOTAL 204,121 CAPITAL PROJECTS Ft1ND PROPC>SED ACCO[1NT ITEM SUPPLEMENTAL ----------------------------------------------- 904 Communications Equipment roll-forward 517 Fire Station Bays Improv, roll-forward 516 Dobson Arena Safety Improv, roll-forward 550 Misc. Building Maint. roll-forward 810 Information Booth Expansion roll-forward 513,514,515 Municipal Building Remodel roll-forward 705 Village Improvment Design roll-forward 905 Sigr~age Project roll-forward 913 Bus & Facilities Grant Match roll-forward 913 Bus & Facilities Grant Accounting Criar~ge 110 Additional Street Improvements Underground Electrical Lines Design & Engineer Pulis Bridge Wideriir~g Design Library Wall CAPITAL PROJECTS TOTAL 4,700 10,250 6,900 24,000 5,400 7,800 25,000 42,000 253,000 900,000 414,710 21,000 20,000 1.500 1,736,260 10 REAL ESTATE TRANSFER TAX FI1ND PROPC)SED ACCC)[1NT ---------------- ITEM --------- SUPPLEMENTAL 30-9339-XXXXX ------------------------------ Ford Park Lower Bench roll-forward --------------- 38,500 30-9051-XXXXX Bighorn Park roll-forward 31,000 30-9337-XXXXX Pedestrian Path roll-forward 30,000 Vail Trail Safety & Enhancement Items 3,000 Ice Arena Pedestrian Path 5,000 30-9051-XXXXX Bighorn Park Completion 22,500 30-9056-XXXXX East Vail Recreation Path 150,000 Ford Park - Vail Valley Dr. Entry 45,500 30-9338-XXXXX Landscape Improvements 100,000 Mill Creek Landscaping 15,000 Gore Creek Promenade 31,000 Gore Creek Streamwalk 150,000 30-9057-52831 Vail Alpine Garden Donation 25,000 West Vail Park Larid Purchase 75,000 ---------------- Stevens Park Improvements ------------------------ 30,000 REAL ESTATE --------------- TRANSFER TAX TOTAL --------------- 751,500 VAIL MARKETING FIIND PRC)POSED ACCOUNT ITEM SUPPLEMENTAL -------------------------------------------------------------------- 32-XXXX-XXXXX Marketing Expenditures 532,000 11