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HomeMy WebLinkAbout1978- 5 Making A Supplemental Appropriation from the General Fund of the 1978 Budget and Financial Plan• ~ ~• ORDINANCE NO. ~~ Series of 1978 AN ORDINANCE r~4AKING A SUPPLEMENTAL APPROPRIATION FROP~f THE GENETLAL FUND OF THE 1978 BUDGET AND FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE EXPENDITURE OF SAID APPROPRIATION AS SET FORTH HEREIN WHEREAS, contingencies have arisen during the i~ fiscal year 1978 which could not have been reasonable fore- seen or anticipated by the Town Council at the time it enacted Ordinance No. 35, Series of 1977, adopting the 1978 Budget and Financial Plan for the Town of Vail, Colo- rado; WHEREAS, the Town has received certain revenues not budgeted for previously; WHEREAS, the Town previously adopted a Budget which has not taken into consideration the increased General Fund revenues received by the municipality this fiscal year, nor has said Budget taken into consideration the increased expend- itures required to fund the Colorado Mountain College Summer- Vail Art Workshop; WHEREAS, the To~rm 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; WHEREAS, the Town Council finds that it is in the interest of the Town to fund the Colorado Mountain College SummerVail Workshop; and WHBREAS, in order to accomplish the foregoing, the Town Council finds that it should make a supplemental appra- priation from the General Fund; NOW, THEREFORE, BE IT ORDAINED BY THE TOZ^7N COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Ord. Page 2 {1) Pursuant to Section 9.10 (a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes a supplemental appropriation in the sum of $10,000 from the General Fund of the 1978 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriation to fund the Colorado Mountain College SummerVail Art Workshop for 1978, {2} The Town Council hereby authorizes and ratifies the execution by the Mayor and the Town Manager of any contracts or other necessary instruments to carry out the purpose for which funds are appropriated herein. (3} Upon its enactment this ordinance shall be an amendment to the 1978 Annual Appropriation Ordinance, Ordinance No. 35, Series of 1977, of the Town of Vail, Colorado. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 21st day of February, 1978, 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 7th day of March, 1978, at 7:30 P,M. in the Municipal. Building of the Town. Mayor ~ ~ ~ ATTEST: T Clerk Introduced, read, adopted and enacted on second reading and ordered published by title only this 7th day of March, 1978. ~~- ~ f M OR~ ATTEST: Town erk • ~ _ '; 1 toW~ of uaill~ box 100 vail, Colorado 81657 {3031 476-5613 Town Council Town of Vail, Colorado P. O. Bax 100 Vail, Colorado 81657 office of the town manager February 21, 1978 RE: Supplemental appropriation from the General Fund for funding of the Colorado Mountain College SummerVail Art Workshop Councilmembers: 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 for appropriation expected revenues in excess of those esti- mated in the 1978 Budget and Financial Plan for the Town of Vail which will enable the Town Council to make a supplemental appropriation of $10,000 from the General Fund for funding of the 1978 Colorado Mountain College SummerVail Art Workshop. Accordingly, I recommend that the Town Council promptly enact a supplemental appropriation ordinance for this purpose. TJM/sjm • • ~ { Sincerely, Terrell J. 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