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HomeMy WebLinkAbout1974-18 3rd Budget Supplemental for 1974 • • ORDINAZICI; NO. 18 Series of 1974 AN ORDINANCE; MAKING A THIF~D SL~'PLE.CAL APPROPRIATION FROM THE GE~IE~AL, FUND OF THE 1974 BUDGET AMID FINANCIAL PLAN FOR THE TOWN OF VAIL, COI.,ORADO WHEREAS, contingencies hereinafter indicated have arisen during the fiscal year 1974 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 25, Series of 1973, adopting the 1974 Budget and Financial Plan for the Town of Vail, Colorado; Wf~REAS, the Town of Vail, Colorado, hereinafter referred to as the "Town", has received certain revenues not budgeted for previously; WEir~r:AS, the Town has previously adopted a Budget which has not taken into consideration the increased revenues received by the municipality this fiscal year, nor has said Budget taken into consideration the increased ex~~ditures now necessary to adequately provide certain municipal services for the Town; WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are available to discharge the appropriation referred to herein, not otherwise reflected in the budget, in accordance with Section 9.10 (a) of the Charter of the Town of Vail, Colorado; Whr;tcrAS, it has been necessary for the Town to significantly expand the municipal transportation system in order to provide satisfactory bus service to its visitors and citizens, and the additional equipment, salaries, and other expenses have substantially increased the 1974 operational costs of said syst~n; and Wf~r~;AS, due to said contingencies the Town Council considers that it should make a supplemental a~N~~rriation for the purpose hereinafter set forth, which will be the third supplemental appropriation from the General Fund of the 1974 Budget; ,. • • ~ NOW, 'I'F~,RFFORE, BE IT ORDAINED BY THE TOWN COUNCIL, OF 'I'FS TOWN OF VAIL, COIARADO, AS FOLLOWS: Section 1. Title. This ordinance shall be known as the "Ordinance Making a Third Supplemental Appropriation from General Fund of 1974 Town Budget". . Section 2. Third supplemental appropriation from General Func?_; authorization for expenditure of said appropriation for 1974 operation of municipal transportation system. Pursuant to Section 9.10 (a) of the Charter of. the Town of Vail, Colorado, the Town Council hereby makes a third supplemental appropri- ation in the sum of $60,000.00 from the Economic Development and C~~n«anity Action allocation of the General Fund of the 1974 Budget and Financial Plan for the Town, and authorizes the e~~~~diture of said appropriation by the Town Manager in a reasonable manner for the operation of the municipal transportation syst~n during the 1974 fiscal yecs. Section 3. Effective date. This ordinance shall take effect upon the passage hereof in accordance with Section 9.10 (e) of the Charter of_ the Town. Section 4. Supplement to Annual Appropriation Ordinance. Upon its enactment this ordinance shall be a supplement to the 1974 Annual Appropriation Ordinance, Ordinance No. 25, Series of 1973, of the Z'own of Vail, Colorado. II~ITRODL~~u, READ, APPROVED, EP1AL:'i'r.u TO TAKE: t:r~r rtT UPOP3 F1NAL PASSAGE ON THIS DATE, AND ORDERED PUBLTSfiED ONCE IN FULL WITHIN TFN 1974. DAYS Ar°~rlx PASSAGE OR AS SOON AS POSSIBLE, this 17th d of September, ATTEST: 7- ,~~r.~ ,~ c 0 C// .~ Mayor i~ .w • ~ . ~ _ ~: ~ i ~,~11 y tows of uai~ y; 9 box 100 vail, Colorado 81657 (303) 476-5613 Town Council Town of Vail, Colorado P.O. Box 100 Vail, Colorado 81657 office of the town manager September 16, 1974 Re: Supplemental appropriation for the operation of the municipal transportation syst~n Councilpersons: Pursuant to Section 9.10 (a) of the Charter of the Town of Vail, Colorado, I hereby certify that based on apparently reliable information fran the Finance Depa~tl«ent there are available for appropriation expected revenues in excess of those estimated. in the 1974 Budget and Financial Plan for the Town of Vail which will enable the Town Council to make a suppl~~~~tal aNN~opriation of $60,000.00 for use in the operation of the municipal transportation system during the 1974 fiscal year. Accordingly, I recommend that the Town Council N~~~~tly enact a supplemental appropriation ordinance for this purpose. Sincerely, (G%G"( , Terrell J. ger, Town Manager Subscribed and sworn to before me this 16th day of September, 1974. ~~e~ ~y Notary Public v ~ ~ County of Eagle, State of Colorado My Ccnmission expires November 30, 1977.