HomeMy WebLinkAbout1987-148-10/06/1987-1988 BUDGET MILL LEVY RESOLUTION 87- 148
OF .HE COUNCIL OF THE CITY OF FORT -uLLINS
ADOPTING A BUDGET OF THE ESTIMATED AMOUNTS
REQUIRED TO PAY THE EXPENSES OF CONDUCTING THE
BUSINESS OF THE CITY GOVERNMENT FOR THE FISCAL
YEAR ENDING DECEMBER 31, 1988, AND FIXING THE
MILL LEVY FOR SAID YEAR PURSUANT TO THE PROVISIONS
OF ARTICLE V OF THE CITY CHARTER
WHEREAS, the City Manager has heretofore prior to the first Monday in
September, 1987, submitted to the Council a proposed budget for the next
ensuing budget year with an explanatory and complete financial plan for
each fund of the City, pursuant to the provisions of Section 2, Article V,
of the City Charter; and
WHEREAS, the Council thereafter, within ten (10) days after the filing
of said budget estimate, set September 1, 1987 and September 15, 1987, as
the dates for a Public Hearing thereon and caused notice of such Public
Hearings to be given by publication pursuant to Section 3, Article V, of
the City Charter; and
WHEREAS, a public hearing was held on said dates at which time all
persons were afforded an opportunity to appear and object to any or all
items and estimates in the proposed budget; and
WHEREAS, Section 4, Article V, of the City Charter provides that the
Council shall adopt the budget for the ensuing fiscal year and shall fix
the tax levy after said Public Hearing and before the last day of October
of each year.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that the budget prepared in detail by the said City Manager in
compliance with the provisions of Section 2, Article V, of the City Charter
for the fiscal year ending December 31, 1988 (as amended in discussions
with Council , and to reflect modifications to the Capital Improvement
Program expenditures) .
TOTAL GENERAL FUND $ 26,358, 182
Enterprise Funds
Cemeteries Fund $ 377,789
Golf Fund 621 ,516
Light and Power Fund 39, 152, 194
Sewer Fund 13,074,822
Storm Drainage Fund 4,587,293
Water Fund 19,288,608
TOTAL ENTERPRISE FUNDS $ 77, 102,222
Internal Service Funds
Benefits Fund $ 2,004,728
Communication Fund 1,068,781
Energy Fund 927, 152
Equipment Fund 2,086,528
TOTAL INTERNAL SERVICE FUNDS $ 6,087,189
Special Revenue arA Debt Service Funds
Community Services Fund $ 157,800
Cultural Services & Facilities Fund 1 , 116,256
Debt Service Fund 4,461 ,913
Fire Pension Fund 216,500
General Employees Retirement Fund 363,500
Perpetual Care Fund 52,870
Police Pension Fund 74, 100
Recreation Fund 2,450,720
Revenue Sharing Fund 297,475
Rockwell Ranch Fund 1,600
Sales and Use Tax Fund 21,737,688
Southridge Greens Fund 190,756
Street Oversizing Fund 2,307,075
Transportation Services Fund 4,873,353
TOTAL SPECIAL REVENUE & DEBT SERVICE FUNDS $ 38,301 ,606
CAPITAL IMPROVEMENTS FUNDS
GENERAL CITY CAPITAL - ESSENTIAL
PROJECT AMOUNT
Administration $ 19,341
Total Administration $ 19,341
Street Maintenance
Major $ 760,000
Local Street Maintenance 862,500
Minor 100,000
Concrete Program 70,000
Pedestrian Access Ramps 10,000
Total Street Maintenance $ 1 ,802,500
TOTAL GENERAL CITY CAPITAL - ESSENTIAL $ 1 ,821 ,841
GENERAL CITY CAPITAL - NECESSARY
Administration $ 35,745
Total Administration $ 35,745
Street Capital
South College Medians-Horsetooth to Harmony $ 66,000
Taft Hill - Horsetooth Intersection 180,000
Taft Hill - LaPorte Intersection 257,000
Total Streets Capital $ 503,000
Street Maintenanc
Railroad Crossing Improvements $ 254,000
Total Street Maintenance $ 254,000
Open Space and Trails
Recreation Trails West of Taft Hill $ 140,000
Total Open Space and Trails $ 140,000
TOTAL GENERAL CITY CAPITAL - NECESSARY $ 932,745
Sewer
WWTP #2 Improvements $ 900,000
Methane Reuse System 800,000
Sludge Disposal Improvements 350,000
Drake Trunk Relief Sewer 155,000
Treatment Plant Expansion 100,000
Spring Creek Relief Sewer 100,000
TOTAL SEWER $ 2,405,000
Storm Drainage
Spring Creek Basin $ 1 ,642,000
Foothills Basin 495,000
Canal Importation Basin 404,000
Fossil Creek Basin 266,000
Fox Meadows Basin 176,000
McClellands/Mail Creek Basin 156,000
Evergreen Park/Greenbriar Basin 116,000
Cache LaPoudre Drainageway Plan 70,000
Cooper Slough Basin 50,000
West Vine Basin 58,000
Dry Creek Basin 30,000
Old Town Basin 27,000
TOTAL STORM DRAINAGE $ 3,490,000
Water
Westside Transmission $ 5,900,000
Northeast Loop Water Line 425,000
Timberline Water Line 400,000
Minor Road Water Line II 300,000
Water Treatment Expansion 100,000
High Pressure Improvements 100,000
Water Quality Lab Improvements 40,000
Maintenance Facility 35,000
TOTAL WATER $ 7,300,000
TOTAL CAPITAL PROJECTS FUND $ 15,949,586
Consery ' ion Trust Fund
Administration $ 22,958
Strauss Cabin Trail 200,000
Trails Acquisition 100,000
TOTAL CONSERVATION TRUST FUND $ 322,958
Parkland Fund
Administration $ 102,350
Contingency 30,000
New Park Site Acquisition(s) 200,000
Park Site Equipment and Plantings 60,000
Rossborough Park 380,000
TOTAL PARKLAND FUND $ 772,350
TOTAL CAPITAL IMPROVEMENTS $ 17,044,894
TOTAL ALL FUNDS $164,894,093
BE IT FURTHER RESOLVED that the mill levy rate for the taxation upon
all the taxable property within the corporate limits of the City of Fort
Collins for the fiscal year ending December 31, 1988, shall be 7.663 mills,
which levy represents the amount of taxes for City purposes necessary to
provide for payment during the ensuing budget year of all properly
authorized demands against the City. Said mill levy shall be distributed
as follows:
General Fund 0 & M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .451 mills
Parks 0 & M. . . . . . . . . . . . . . . . . 0.661 mills
. . . . . . . . . . . . . .
Poudre Fire Authority Contribution. . . . . . . . . . . . . . 3.996 mills
Fire Pension Fund (Gen. Fund Unfunded Liab. . 152) . . . 0.342 mills
(PFA Employer Contrib. . 190)
Parks Debt Service. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .213 mills
being a total of 7.663 mills, which levy is so distributed shall be
certified to the County Assessor and the Board of County Commissioners of
Larimer County, Colorado, by the City Clerk as provided by law.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins this 6th day of October, A.D. 1987.
{{ssis+uht Mayor
TTEST:
City Clerk