HomeMy WebLinkAbout06608ORDINANCE NO. 6608
AN ORDINANCE ADOPTING THE 2001 BUDGET FOR THE "SALES AND USE TAX
CAPITAL IMPROVEMENT FUND" TO BE USED WITHIN THE CITY AND THE
PUEBLO MEMORIAL AIRPORT
WHEREAS, the City of Pueblo, Colorado has enacted Ordinance No. 5668,
providing for a one -half cent sales tax rate increase for a five year period, pledging the
revenue therefrom for capital improvement purposes within the City and Pueblo
Memorial Airport; and
WHEREAS, the anticipated revenues from this 2001 tax is ($5,607,000) for the
year 2001; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
The following budget for the year 2001 is hereby adopted and the following
appropriation for expenditures of anticipated revenues is hereby made:
(a) Anticipated Revenues:
2000 Sales Tax $ 5,607,000
Prior Year Reserves 9,500,000
Total Revenue $15,107,000
(b) Expenditures:
Projects to be determined
$12,107,000
Professional Services
100,000
Capital Projects R/M
100,000
Invest Transfer CIF
500,000
Committed Funds
2.400,000
Total $15,107,000
SECTION 2
All projects not specifically budgeted for by this ordinance shall be funded out of
"Projects to be determined" account by resolution approved by City Council for such
projects.
INTRODUCED November 13, 2000
BY: 1 Guru le
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APPROVED: h�0��
ATTEST:
PASSED AND APPROVED: November 27, 2000