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CITY OF LOUISVILLE RESOLUTION NO. 42 SERIES 1993 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE CITY OF LOUISVILLE, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1994 AND ENDING ON THE LAST DAY OF DECEMBER, 1994 WHEREAS, the City Council of Louisville has appointed Annette Brand, City Administrator, to prepare and submit a proposed budget to said governing body at the proper time; and WHEREAS, Annette Brand, City Administrator has submitted a proposed budget to this governing body on October 15, 1993 for its consideration, and; WHEREAS, upon due and proper notice, published or posted in accordance with the law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on November 16, 1993, and interested taxpayers were given the opportunity to file or register any objections to said proposed budget, and; WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains in balance, as required by law, and; WHEREAS, in accordance with the Amendment ("Tabor") adding Article X, Section 20 to the Colorado Constitution, approved by the voters on November 3, 1992, a Tabor emergency reserve is included in the budget in an amount estimated to equal two percent of the City's fiscal year spending excluding bonded debt service, the final amount to be calculated during 1994 when necessary fiscal information is available to the City; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: SECTION 1. That the estimated expenditures for each fund as provided for in the budget, are as follows: General Fund Tabor Emergency Reserve Special Revenue Funds Debt Service Fund Capital Projects Fund $ 6,669,925 192,935 5,055,845 91,315 1,109,985