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Home My WebLink About1996-25 Making Supplemental Appropriations from the Town of Vail General Find, Parking Structure Fund, and Others of the 1996 Budget and Financial Plan' and Authorizing the Expenditures of Said Appropriations as Set Forth Herein.~ ORDINANCE NO. 25 SERIES OF 1996 AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS FROM THE TOWN OF VAIL GENERAL FUND, PARKING STRUCTURE FUND, POLICE CONFISCATION FUND, BOOTH CREEK DEBT SERVICE FUND, DEBT SERVICE FUND, AND HOUSING FUND, OF THE 1996 BUDGET AND THE FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO; AND AtJTHORIZING THE EXPENDITURES OF SAID APPROPRIATIONS AS SE'T' FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, contingencies have arisen during the fiscal year 1996 which could not have been reasoztably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 20, Series of 1995, adapting the 1996 Budget and Financial Flan for the Town of Vail, Colorado; and, WHEREAS, the Town has received certain revenues not budgeted for previously; and, WHEREAS, the Town Manager has certified to the Town Council that sufficient fiends are available to discharge the appropriations referred to herein, not otherwise reflected in the Budget, in accordance with Section 9.10(x) of the Charter of the Town of Vail; and, WHEREAS, in order to accomplish the foregoing, the Town Council fznds that it should make certain supplemental appropriations as set forth herein. N()W, THEREFORE', BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO that: 1. Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following supplemental appropriations for the 1996 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriations as follows: Ft JN17 AMOITNT General Fond $1,158,074 Parking Structure Fund 22,898 Police Confiscation Fund 8,016 Booth Creels Debt Service Fund 6,500 Debt Service Fund 2,400 Housing Fund S 7.700 $ T,205,588 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the 'T'own Council hereby declares it would have passed this ordinance, and each part, ~ ~ • SeCtLOII, 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. 3. Tl~e Town Council hereby Ends, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 9~. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty unposed, any violation that occ~.~rred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced 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. 5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith. arc repealed to the extend 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, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL QN FIRST READING this 3rd day of December, 1996, and a public hearing shall be held on this Ordinance on the 17t1~ day of December, 1996, at 7:30 p.m. in the Council Chambers of the Vaii Municipal Building, Vail, Colorado. / ~- ~~---~ Robert W. Armour, Mayor ATTEST: ~Jltcr f't-•~~~ Holly l<. McCutcheon, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED in full this 17th day of December, 1996. .~ ~,,~ f G.~. ~ ~r.~-~ Robert W. Armour, Mayor ATTES`C': Holly L,. McCutcheon, Town Clerk e:kvinancc~16.25 • MEMO To: Town Council .Members From: Stow Thampsoti Subject: Supplemental Appx•apriatian Date: November 27, 199b i The following list of Supplemental appropriations accounts for 1996 transactions that have not been budgeted in t 946. The reason for the $1,183,5$11 supplemental appropriation and the co~7~c5ponding amount is as follows: $310,956 unexpected expenditures, include snow removal, Vail Tomorrow and the 91 E dictaphane; $10,300 use of department savings to purchase new library materials and finish rccodificatian of the Town municipal code; $112,332 in pass through revenue and reimbursements, including Gypsum/Eagie bus route, Library grants and transfer of Vail Commons building fees to the Housing Fund; and $750,000 is a transfer from the General fund balance to the Capital Projects Fund for 1997 projects. We do anticipate that a portion of the $310,956 in unexpected expenditures will be offset by savings generated by benefit costs, police salaries, and bus operations. However, at this time it is difficult to estimate the amount of savings that will offset this supplemental appropriation. ~Ve will discuss this at the December 3rd, work session. The $185,000 supplemental for Vail tomon•ow combines with the 1st supplemental lane in June for $50,000; bringing that project to $235,000. funding for the project includes $130,000 from: Vail Associates $50,000; Vail Valley Foundation $5,000; and currently we are trying to raise $75,000 from the private sector, The Town funded the balance by reallocating $100,000 from land use planning project that was budgeted for completion in 1996. 5 Towr~ vAiL SCHEDULE of REQUIRED 1996 SUPPLEMENTAL APPR4PRiATiONS FUND ADDITIONAL DEPARTMENT 1996 EXPENDITURE OR PROJECT EXPENDITURES GENERAL FUND: Tnwn Officials Research an Bond Refinancing 728 Engineering Study for Snow Cats on Forest Road Access 2,500 Attorney's Fees Reimbursed 176 Vail Tomorrow project 185,000 Vail's 30th B Day 2,230 Advanced Community Training 5,000 Organizational Development 12,000 Administrative Services Banking Fees 2,000 Advertising -Reimbursement 1,000 Codification 2,000 Attorney`s Fees Reimbursed 700 Police Equipment Refund 1,500 911 Dictaphone 38,500 Pubtic Works Snow Removal 45,000 Transit Gypsum/Eagfe Bus Route 30,940 Library Additional Library Materials $,300 Library Grants 30,000 Transfer to other Funds Vail Commons Building Fees to Housing Fund 31,500 Transfer to Capital Projects Fund (for 1997 projects) 750,000 Employee Benefits Longevity Pay 25 year employee 2,000 1,149,074 4QTRFIN6.WK4 11 /27/96 PA~G STRUCTURE FUND: i"Jebit Card Software & Equipmer~ DEBT SERVICE FUND: Publication Fees ROUSING FUND: E~epairs and Special Assessment POLICE GONFlSCATION FUND: Seizure Pass Through 600TH CREEK DEBT SERVICE FUND: Principal & interest on Bonds Total Supplemental Appropriation 9,898 2,400 7,7QQ 8,016 6,5b{) 1 ~ $3,588 4QTR FlN6.W K4 11/27/96