BY COUNCILOR HOGG:
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.
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.
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.