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CITY OF LOUISVILLE RESOLUTION NO. 68 SERIES 1992 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, 1993 AND ENDING ON THE LAST DAY OF DECEMBER, 1993 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, 1992 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 December 14, 1992, 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 ("Amendment One") adding Article X, Section 20 to the Colorado Constitution, approved by the voters on November 3, 1992, an Amendment One emergency reserve is included in the budget in an amount estimated to equal one percent of the City's fiscal year spending excluding bonded debt service, the final amount to be calculated during 1993 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 Amendment One Emergency Reserve Special Revenue Funds Debt Service Fund Capital Construction Fund $ 6,042,870 95,800 5,403,035 98,575 984,020