HomeMy WebLinkAbout1988-164-10/04/1988-1989 BUDGET ESTIMATED AMOUNTS MILL LEVY RESOLUTION 88- 164
OF THE COUNCIL OF THE CITY OF FORT COLLINS
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, 1989, 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, 1988, 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 6, 1988 and September 20, 1988, 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, 1989 (as amended in discussions
with Council ) is hereby adopted as follows:
TOTAL GENERAL FUND $ 30,903,655
Enterprise Funds
Cemeteries Fund $ 436,236
Golf Fund 639,292
Light and Power Fund 42,104,308
Storm Drainage Fund 2,904,518
Wastewater Fund 15,382,368
Water Fund 18,764,142
TOTAL ENTERPRISE FUNDS $ 80,230,864
Internal Service Funds 8 2 922 27
Benefits Fund $
Communications Fund ,27 54299
Energy Fund 2, ,088,,922
324
Equipment Fund
000
Self Insurance Fund 1 ,788,597
TOTAL INTERNAL SERVICE FUNDS $ 8,684, 142
Special Revenue and Debt Service Funds
Cultural Services & Facilities Fund $ 1 ,215,095
Debt Service Fund 5,498,367
Fire Pension Fund 220,400
General Employees Retirement Fund 392,600
Perpetual Care Fund 62,100
Police Pension 93,200
Recreation Fund 2,582,511
Revenue Sharing Fund 138,264
Rockwell Ranch Fund 1,600
Sales and Use Tax Fund 22,356,482
Southridge Greens Fund 133,461
Street Oversizing Fund 1 ,331 ,335
Transportation Services Fund 5,553,412
TOTAL SPECIAL REVENUE & DEBT SERVICE FUNDS $ 39,578,827
CAPITAL IMPROVEMENTS FUNDS
GENERAL CITY CAPITAL - ESSENTIAL Administration
Administration $ 43,955
Street Overlays and Sealcoats 613,000
Minor Street Capital 150,000
Concrete Program 100,000
Pedestrian Access Ramps 20,000
Major Building Maintenance 560,000
Street Maintenance 132,000
TOTAL GENERAL CITY CAPITAL - ESSENTIAL $ 1,618,955
GENERAL CITY CAPITAL - NECESSARY
Administration $ 19,334
Street Rehabilitation 900,000
Taft Hill - Horsetooth Intersection 225,000
Recreation Trails West of Taft Hill 137,000
TOTAL GENERAL CITY CAPITAL - NECESSARY $ 1,281 ,334
Storm Drainaae
Spring Creek Basin $ 300,000
Foothills Basin 200,000
Canal Importation Basin 400,000
Fossil Creek Basin 250,000
Fox Meadows Basin 200,000
McClellands/Mail Creek Basin 100,000
Evergreen Park/Greenbrier Basin 200,000
Old Town Basin 111,000
TOTAL STORM DRAINAGE $ 1,761,000
Wastewater
Pollution Lab Improvements $ 340,000
Collection System Study 150,000
Sludge Disposal Improvements 2,500,000
Warren Lake Relief Sewer 620,000
Treatment Plant Expansion 500,000
Warren Lake Trunk Sewer 45,000
TOTAL WASTEWATER $ 4,155,000
Water
Harmony Transmission Line $ 120,000
Summitview Water Line 90,000
Raw Water Intake 150,000
Timberline Water Line 250,000
West Prospect Water Line 20,000
Water Treatment Expansion 3,500,000
High Pressure Improvements 80,000
Water Quality Lab Improvements 480,000
Maintenance Facility 350,000
North College Water Line 420,000
TOTAL WATER $ 5,460,000
TOTAL CAPITAL PROJECTS FUND $ 14,276,289
Conservation Trust Fund
Administration $ 87,684
Other Open Space 100,000
Strauss Cabin Trail 50,000
Trail Acquisition/Development 100,000
Trails and Open Space Maintenance 35,706
TOTAL CONSERVATION TRUST FUND $ 373,390
Parkland Fund
Administration $ 117,500
Buckingham Park 9,000
New Park Site Development 50,000
Park Site Equipment and Plantings 100,000
Rogers Park 500,000
Sign Program 10,000
TOTAL PARKLAND FUND $ 786,500
TOTAL CAPITAL IMPROVEMENTS b 15,436,179
TOTAL ALL FUNDS $174,833,667
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, 1989, shall be 8.797 mills,
which levy represents the amount of taxes for City purposes necessary to
provide for payment during the aforementioned budget year of all properly
authorized demands against the City. Said mill levy shall be distributed as
follows:
General Fund 0 & M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .718
Parks0 & M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .768
Poudre Fire Authority Contribution. . . . . . . . . . . . . . . . . . 4.674
Fire Pension Fund (Gen. Fund Unfunded Liab. ) . . . . . . . . . 147
(PFA Employer Contrib. ) . . . . . . . . . . . .193
Parks Debt Service. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .297
being a total of 8.797 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 th Coun it of the City of
Fort Collins this 4th day of October, A.D. 1988
Mayor
ATTEST:
C�,Qnnlela� .