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HomeMy WebLinkAbout1975-11 2nd Budget Supplemental for 1975~, 5' ~ ,.- 1. t ORDINANCE NO. 11 s Series of 1975 AN ORDINANCE MAKING A SECOND SUPPLEMENTAL APPROPRIATION FROM THE GENERAL FUND OF T~3E 1975 BUDGET AND FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO WHEREAS, contingencies have arisen during the fiscal year 1975, which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 30, Series of 1974, adopting the 1975 Budget and Financial Plan far the Town of Vail, Colorado; WHEREAS, the Town. of Vail, Colorado, hereinafter referred to as the "Town", has received certain revenues not budgeted far previously; WHEREAS, 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 expenditures nec- essary to provide adequate 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; WHEREAS, the Town Council has created a Town advertis- ing program which is expected to cost approximately $55,000.00 during the 1975 fiscal year; and WHEREAS, due to the aforesaid contingencies which have occurred subsequent to the adoption of the 1975 Town Budget, the Town Council considers that it should make a supplemental appro-- priation for the purpose hereinafter set forth; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, AS FOLLOWS: Town 1 e rk -- l d r Ord. 11, 1975 Section 1. Title. Page 2 This ordinance shall be known as the "Ordinance Making a Second Supplemental Appropriation from General Fund of 1975 Town Budget", Section 2. Second Supplemental Appropriation from General Fund; Authorization for Expenditure of Said Appropria- tion. Pursuant to Section 9.10 (a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes a second supplemental appropriation in the sum of $55,000.00 from the General Fund of the 1975 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appro- priation by the Town Manager in a reasonable manner during the 1975 fiscal year for the Town advertising program. 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. Amendment to Annual Appropriation Ordi- nance, Upon its enactment this ordinance shall be an amend- ment to the 1975 Annual Appropriation Ordinance, Ordinance No. 30, Series of 1974, of the Town of Vail, Colorado. INTRODUCED, READ, ENACTED TO TAKE EFFECT UPON FINAL PASSAGE ON THIS DATE, ORDERED PUBLISHED ONCE IN FULL WITHIN TEN DAYS AFTER PASSAGE OR AS SOON AS POSSIBLE, this 15th day of July, 1975. Alayor ATTEST: i ~~~ Y Town Cler}t/ ~ ' i _ -.. 1 ~ - ~. Sawa of ~ailV box 100 nail, Colorado 81657 (3031 476-5613 Town Council Town of Vail, Colorado P. O. Box 1.00 Vail, Colorado 81657 office of the town manager July 15, 1975 Re: A supplemental appropriation for the Town advertising program Gentlemen and Ms. K1ug: Pursuant to Section 9.10{a) of the Charter of the Town of Vail, Colorado, I hereby certify that based on apparently reliable information from the Finance Department there are available far appropriation expected revenues in excess of those estimated in the 1975 Budget and Financial Plan for the Town of Vail which will enable the Town Council to make a supplemental appropriation of $55,000.00 for the Town advertising program for 1975. Accordingly, I recommend that the Town Council promptly enact a supplemental appropriation ordinance for this purpose. Sincerely, ~~~ ' Terrell finger Tawn Manager Subscribed and sworn to before me this 15th day of July, 1975. 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