HomeMy WebLinkAbout2015-15 2016 Annual BudgetORDINANCE NO. 15
SERIES OF 2015
ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL
PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSE , AND
LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL EAR
JANUARY 1, 2016 THROUGH DECEMBER 31, 2016
WHEREAS, in accordance with Article IX of the Charter of the Tow 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 anfinancial
plan for the 2015 fiscal year, to make appropriations for the amounts specif ed in the
budget; and
NOW, THEREFORE, be it ordained by the Town Council of the Tow 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 herebykes the
following annual appropriations for the Town of Vail, Colorado, for its fi cal year
beginning on the first day of January, 2016, and ending on the 31s` day of December,
2016:
FUND
AMOUNT
General Fund
$36,724,766
Capital Projects Fund
23,532,169
Real Estate Transfer Tax Fund
12,525,830
Vail Marketing Fund
326,687
Heavy Equipment Fund
3,123,400
Dispatch Services Fund
2,594,617
Health Insurance Fund
4,555,000
Timber Ridge Enterprise Fund
1,236,153
Total
84,618,622
Less Interfund Transfers
12,242,646
Net Expenditure Budget
72,375,976
Ordinance No. 15, Series of 2015
3. The Town Council hereby adopts the full and complete Budget and '1Financial
Plan for the 2016 fiscal year for the Town of Vail, Colorado, which are incorp rated 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 3hall take
effect five (5) days after publication following the final passage hereof.
4. If any part, section, subsection, sentence, clause or phrase of this orc inance is
for any reason held to be invalid, such decision shall not affect the valid ty 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 Vain and the
inhabitants thereof.
6. The repeal or the repeal and reenactment of any provision of the Municllpal Code
of the Town of Vail as provided in this ordinance shall not affect any right hich has
accrued, any duty imposed, any violation that occurred prior to the effective daa hereof,
any prosecution commenced, nor any other action or proceedings ac commen ed 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 6th day of October, 2016. A public hearing shall be
held hereon on the 20th day of October, 2015, at 6:00 pm at the regular meet ng of the
Town Council of the Town of Vail, Colorado, in the l�ipal Building of the Town.
Andrew P. Daly,
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14 Op V 110
Pa cK nny, Tow :' ••.�
SEAL
Ordinance No. 15, Series of 2015
•
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN
FULL this 20th day of October 2015.
Andrew P. Daly,
-ATTEST)
Tow rk .•.9
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Ordinance No. 15, Series of 2015
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