BY COUNCILOR HOGG:
RESOLUTION APPROVING THE
BUDGET FOR THE FISCAL YEAR MAY 1, 2001 TO APRIL 30, 2002, IN THE FOLLOWING
AMOUNT OF $3,542,671 FOR THE SPIRIT MOUNTAIN RECREATION AREA AUTHORITY.
RESOLVED, that the budget for the fiscal year May 1, 2001, to April 30,
2002, in the amount of $3,542,671 as set out in the budget on file with
the city clerk as Public Document No. ____________ 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, 2001 - April 30, 2002, in the amount
of $3,542,671. 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, non-operating
expenses and depreciation and amortization. A transfer from the city's
hotel/motel tax in the amount of $39,800 is included as is consistent with
the current tourism tax allocation.