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HomeMy WebLinkAbout1979-50 Annual Appropriations Ordinance: Adopting a Budget and Financial Plan and Making Appropriations to Pay the Costs, Expenses, and Liabilities of the Town of Vail for 1980~~ ~ ~ ~ • ~ ORDINANCE NO. 50 Series of 1979 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1, 1980, THROUGH DECEMBER 31, 1980. WHEREAS, in accordance with Article IX of the Charter of the Town 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 1980 fiscal year; WHEREAS, notice of the public hearing on the proposed Town budget and capital program was published on the 9th, 16th, and 23rd day of November, 1979, more than seven days prior to the hearing held on the 4th day of December, 1979, pursuant to Section 9.5 of the Charter; and NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN 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 hereby makes the following annual appropriation for the Town of Vail, Colorado, for its fiscal year beginning on the 1st day of January, 1980, and ending on the 31st day of December, 1980: /, ~ • . Ordinance No. 50 Page 2 $3,308,400 General Fund Open Space/Capital Improvements fund 2,254,000 Recreation Amentities Fund 80,000 Transportation Center Operating Fund 389,700 Dobson Arena Operating Fund 200,000 Recreation Program Operating Fund 250,500 Federal Revenue Sharing Fund 55,000 Federal Anti-Recession Fund -0- Heavy Equipment Service Fund 511,800 Youth Center Grant 46,094 Lift Grant Fund 165,820 Ford Park Agency Fund -0- Special Parking Assessment Fund 4,600 Overpass Construction Fund 9,000 Debt Service Fund 1,041,000 Total `8,315,914 Less: Intergovernmental Transfers 1,738,700 Total Budget x;6,577,214 (3) The Town Council hereby adopts the full and complete Budget and Financial Plan for the 1980 fiscal year for the Town of Vail, Colorado, and the Long-Range Capital Program (1980) for the Town, which are incorporated by reference herein and made parts hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. (4) This Ordinance shall take effect five days after publication following the final passage hereof. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 4th day of December, 1979, and a public hearing on this ordinance shall be held at the regular meeting of the Town Council of the Town of Vail, Colorado, on the 18th day of December, 1979, at 7:30 P.M. in the Municipal Building of the Town. f . • ,~ ~ Ordinance No. 50 Page 3 _~ Ma~To r 1 ~ ATTEST: / , Toni e rk INTRODUCED ON SECOND READING, READ, APPRJ~O\VED AND ORDERED day of ~.1-~~~- 19 7 9 . PUBLISHED BY TITLE ONLY this ,~~ ~ ,~~ r Mayor f ~` ATTEST: T lerk .f . ~