HomeMy WebLinkAbout1974-18 3rd Budget Supplemental for 1974
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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;
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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:
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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.