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<br />CITY OF WUlSVILLE <br />RESOLUTION NO. 58 <br />SERIES 1994 <br /> <br />A RESOLUTION SUMMARIZING EXPENDITURFS AND REVENUFS FOR EACH FUND <br />AND ADOPTING A BUDGET FOR THE CITY OF WUlSVILLE, COWRADO, FOR <br />THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1995 AND <br />ENDING ON THE LAST DAY OF DECEMBER, 1995 <br /> <br />WHEREAS, the City Council of Louisville has appointed Sharon Asti-Caranci, Acting City <br />Administrator, to prepare and submit a proposed budget to said governing body at the proper time; <br />and <br /> <br />WHEREAS, Sharon Asti-Caranci, Acting City Administrator has submitted a proposed budget <br />to this governing body on September 12, 1994 for its consideration, and; <br /> <br />WHEREAS, upon due and proper notice, published or posted in accordance with the law, said <br />proposed budget was open for inspection by the public at a designated place, a public hearing was <br />held on November 1, 1994, and interested taxpayers were given the opportunity to file or register <br />any objections to said proposed budget, and; <br /> <br />WHEREAS, whatever increases may have been made in the expenditures, like increases were <br />added to the revenues so that the budget remains in balance, as required by law, and; <br /> <br />WHEREAS, in accordance with the Amendment ("Tabor") adding Article X, Section 20 to the <br />Colorado Constitution, approved by the voters on November 3, 1992, a Tabor emergency reserve <br />is included in the budget in an amount estimated to equal three percent of the City's fiscal year <br />spending excluding bonded debt service, the final amount to be calculated during 1995 when <br />necessary fiscal information is available to the City; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />LOUISVILLE, COWRADO: <br /> <br />SECTION 1. That the estimated expenditures for each fund as provided for in the budget, are as <br />follows: <br /> <br />General Fund <br />Tabor Emergency Reserve <br />Special Revenue Funds <br />Capital Projects Fund <br />Enterprise Funds <br />Tabor Emergency Reserve <br />Internal Service Fund <br />TOTAL EXPENDITURES <br /> <br />$ 7,320,295 <br />125,000 <br />3,470,530 <br />1,612,185 <br />9,512,205 <br />60,000 <br />4~1,7RO <br />$22,~~1r99~ <br />