01-0294R

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.

BY COUNCILOR HOGG:

        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.