00-0262R

RESOLUTION APPROVING THE BUDGET FOR THE FISCAL YEAR MAY 1, 2000, TO APRIL 30, 2001, IN THE FOLLOWING AMOUNT OF $3,452,373 FOR THE SPIRIT MOUNTAIN AUTHORITY.

BY COUNCILOR HOGG:

RESOLVED, that the budget for the fiscal year May 1, 2000, to April 30, 2001, in the amount of $3,452,373 for the Spirit Mountain recreation area authority is hereby approved.



STATEMENT OF PURPOSE: This resolution approves the budget for the Spirit Mountain recreation area authority for the budget year May 1, 2000 - April 30, 2001, in the amount of $3,452,373. This is the only budget which operates on a different fiscal year than the rest of the city budgets. This resolution approves the total expense budget for Spirit Mountain including operating expenses, nonoperating expenses and depreciation and amortization. A transfer from the city's hotel/motel tax in the amount of $43,128 is included as is consistent with the current tourism tax allocation.