§ 39-154. Budgeting Winter Park trust funds.  


Latest version.
  • (a)

    Procedure. The manager of the department of parks and recreation shall, as part of the manager's preparation of the proposed annual capital budget for the department, submit projects and estimated costs for projects suitable to funded from the Winter Park parks and recreation capital fund, Fund No. 30001 of the fund plan. Before submitting the annual budget for the department to the mayor, the manager shall, in accordance with charter section 2.4.3, receive the comments of, and recommendations for amendments to such budget by, the board of parks and recreation. The budget and management office, with the consent of the manager, will make the final assignment of projects to be funded by the Winter Park parks and recreation capital fund.

    (b)

    Maintenance of effort. In preparing the list of projects whose cost is to be paid or partially paid from the Winter Park parks and recreation capital fund, consideration may be given to the recommendations and proposals for use of funds available for capital projects from appropriations from other sources, including but not limited to the capital improvement fund (Fund No. 31000) and the state conservation trust fund (Fund No. 35000), so that these sources may also be reviewed in conjunction with the annual budget by the board of parks and recreation; provided, however, that with respect to maintenance-of-effort requirements, the budget and management office shall determine that funds to be appropriated from the Winter Park parks and recreation capital fund will be used in addition to annual appropriations customarily made to the department for capital projects from the capital improvement fund (Fund No. 31000) as measured by an amount equal to the average of appropriations from 1990 to 1994, which was $1,305,140. This represents the five budget years preceding the creation of the Winter Park parks & recreation capital fund. This amount of $1,305,140 will be increased or decreased by the cost of living combined for the years 1995 through the year preceding the year of appropriation as measured by the cumulative Consumer Price Index for the Denver Metropolitan Statistical Area (or the smallest statistical region for which an index is available that includes the City and County of Denver) as prepared by the Bureau of Labor Statistics of the United States Department of Labor.

    (c)

    Projects. For fiscal year 2002 and fiscal years thereafter, the first three million dollars ($3,000,000) received from the Winter Park Recreational Association for use in the Winter Park parks and recreation capital fund may be budgeted for any type of park and recreation capital project approved in accordance with this section. For all trust funds thereafter received from sources specified in section 39-153(b) of this Code, said funds will be appropriated and expended for the repair, rehabilitation, or replacement of previously constructed or installed capital assets of the department of parks and recreation.

(Ord. No. 905-94, § 1, 11-14-94; Ord. No. 797-02, § 2, 9-30-02)