PALMER LAKE, COLORADO RESOLUTION\ORDINANCE NO. 15-2001

A RESOLUTION AND ORDINANCE APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND SPENDING AGENCIES IN THE AMOUNT AND FOR THE PURPOSE AS SET FORTH BELOW FOR THE TOWN OF PALMER LAKE, COLORADO, FOR THE 2002 BUDGET YEAR.

WHEREAS, the Board of Trustees has adopted the annual budget in accordance with the Local Government Budget Law, on December 13, 2001 and;

WHEREAS, the Board of Trustees has made provision therein for revenue in an amount equal to or greater than the total proposed expenditures as set forth in said budget, and:

WHEREAS, it is not only required by law, but also necessary to appropriate the revenues provided in the budget to and for the purposes described below, so as not to impair the operations of the Town.

NOW, THEREFORE, BE IT RESOLVED\ORDAINED BY THE BOARD OF TRUSTEES TO THE TOWN OF PALMER LAKE, COLORADO:

Section 1. That the following sums are hereby appropriated from the revenues of each fund, to each fund, for purposes stated:

GENERAL FUND:

CURRENT OPERATING EXPENSES: $551,405
3% EMERGENCY RESERVE $ 17,000
TOTAL GENERL FUND $568,405

WATER FUND:

CURRENT OPERATING EXPENSES $523,776
CAPITAL OUTLAY $ 8,000
3% EMERGENCY RESERVE $ 17,000
TOTAL WATER FUND $548,776

WATER CAPITAL IMPROVEMENT:

CURRENT OPERATING EXPENSES $345,000
CAPITAL OUTLAY $155,000
TOTAL WATER CAPITAL IMPROVEMENT $500,000

WATER BOND #1:

PRINCIPAL $ 55,025
INTEREST $ 11,750
TOTAL WATER BOND #1 $ 66,775

WATER BOND #2:

PRINCIPAL $ 85,000
INTEREST $ 72,513
TOTAL WATER BOND #2 $157,513

WATER BOND #2 CAPITAL IMPROVEMENT:

CURRENT OPERATING EXPENSES $1,147,535
CAPITAL OUTLAY $ 60,000
TOTAL WATER BOND #2 CAPITAL IMPROVEMENT $1,207,535

ROAD IMPROVEMENT FUND

CURRENT OPERATING EXPENSES $ 125,500
CAPITAL OUTLAY $ 175,000
TOTAL ROAD IMPROVEMENT FUND $ 300,500

DRAINAGE IMPROVEMENT

CURRENT OPERATING EXPENSES $ 9,000
CAPITAL OUTLAY $ 15,000
TOTAL DRAINAGE IMPROVEMENT FUND $ 24,000

FIRE TRUCK ACCOUNT:

DEBIT SERVICES $ 26,526
TOTAL FIRE TRUCK ACCOUNT $ 26,526

CONSERVATION TRUST:

CURRENT OPERATING EXPENSES $ 17,810
CAPITAL OUTLAY $ 1,000
TOTAL CONSERVATION TRUST FUND $ 18,810

HUD ACCOUNT:

CAPITAL OUTLAY $ 8,890
TOTAL HUD ACCOUNT $ 8,890

SPECIAL INVESTIGATIONS:

CURRENT OPERATING EXPENSES $ 14,100
TOTAL SPECIAL INVESTIGATION FUND $ 14,100

PARKS & RECREATION DONATION FUND:

CURRENT OPERATING EXPENSES $ 3,000
TOTAL PARKS & RECREATION DONATION FUND $ 3,000

LUCY OWEN DONATION FUND:

CURRENT OPERATING EXPENSES $ 40,215
CAPITAL OUTLAY $ 87,000
TOTAL LUCY OWEN DONATION FUND $127,215

LAKE MAINTENANCE FUND

CURRENT OPERATING EXPENSES $ 5,080
CAPITAL OUTLAY $ 6,000
TOTAL LAKE MAINTENANCE FUND $ 11,080

ADOPTED THIS 13TH DAY OF DECEMBER, A.D. 2001.

NIKKI McDONALD, MAYOR

ATTEST

DELLA J. GINS, TOWN CLERK

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