HomeMy WebLinkAbout2017-14 2018 Annual BudgetORDINANCE NO. 14
SERIES OF 2017
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, 2018 THROUGH DECEMBER 31, 2018
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 fiscal year; and
WHEREAS, it is necessary for the Town Council to adopt a budget and financial
plan for the 2018 fiscal year, to make appropriations for the amounts specified in the
budget; 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 appropriations for the Town of Vail, Colorado, for its fiscal year
beginning on the first day of January, 2018, and ending on the 31st day of December,
2018:
FUND
AMOUNT
General Fund
$39,930,161
Capital Projects Fund
25,983,812
Real Estate Transfer Tax Fund
9,094,193
Vail Marketing Fund
380,000
Heavy Equipment Fund
3,303,443
Dispatch Services Fund
2,779,461
Health Insurance Fund
4,939,349
Timber Ridge Enterprise Fund
1,309,665
Total
87,720,084
Less Interfund Transfers
(8,860,704)
Net Expenditure Budget
78,859,380
Ordinance No. 14, Series of 2017
3. The Town Council hereby adopts the full and complete Budget and Financial
Plan for the 2018 fiscal year for the Town of Vail, Colorado, which are incorporated 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 shall take
effect five (5) days after publication following the final passage hereof.
4. 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 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 Vail and the
inhabitants thereof.
6. 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 imposed, any violation that occurred 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.
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 3rd day of October, 2017. A public hearing shall be
held hereon on the 17th day of October, 2017, at 6:00 pm at the regular meeting of the
Town Council of the Town of Vail, Colorado, in the Munici•al Buildi :.f the Town.
11
A
Jerk
Ordinance No. 14, Series o ' 17
Dave Chapin, Mayor
READ AND APPROVED ON SECOND READING AND ORDER • PUBLISHED IN
FULL this 17th day of October 2017.
Ordinance No. 14, Series of 2017
Dave Chapi • , Mayo