TC Res. No. 2015-25 To accept the proposed Town of Avon long range capital program and simultaneously adopt the year 2016 capital projects fund budgetTOWN OF AVON
RESOLUTION NO. 15 -25
SERIES OF 2015
A RESOLUTION TO ACCEPT THE PROPOSED TOWN OF AVON LONG
RANGE CAPITAL PROGRAM AND SIMULTANEOUSLY ADOPT THE YEAR 2016
CAPITAL PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR THE
CAPITAL PROJECTS FUND AND ADOPTING A BUDGET FOR THE CALENDAR
YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2016 AND ENDING ON THE
LAST DAY OF DECEMBER, 2016
WHEREAS, the Town Council of the Town of Avon has appointed the Town Manager
to prepare and submit a long -range capital program to said governing body for its consideration;
and
WHEREAS, the Town Council of the Town of Avon has also appointed the Town
Manager to prepare and submit a proposed Capital Projects Fund budget to said governing body
for its consideration; and
WHEREAS, upon due and proper notice, published and posted in accordance with the
law, said proposed budget was open for inspection by the public at a designated place. A public
hearing was held on December 8, 2015, and interested taxpayers were given the opportunity to
file or register any comment to said proposed budget; and
WHEREAS, whatever increases may have been made in the expenditures, like increases
were added to the revenues so that the Capital Projects Fund budget remains in balance, as
required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. That the long -range capital program as submitted to the Town Council is
hereby accepted as an official Town document and planning tool, and that the information
contained therein may be revised or extended each year with regard to capital improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects Fund are as
follows for 2016:
Ending Fund Balance $ 6.515,388
Section 3. That the budget, as submitted, and hereinabove summarized, hereby is
approved and adopted as the Capital Projects Fund budget of the Town of Avon for the year
stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted shall be
signed by the Mayor and made part of the public record of the Town.
ADOPTED this 8th day of December, 2015.
T OF AVON, COLORADO
�-11 0 LU CaQ-"�
Jenni ancher, Mayor
ATTEST:
2016
Proposed
Budget
Capital Projects Fund
Beginning Fund Balance
$ 5,354,135
Revenues and Other Sources
7,671,806
Expenditures and Other Uses
6,510,553
Ending Fund Balance $ 6.515,388
Section 3. That the budget, as submitted, and hereinabove summarized, hereby is
approved and adopted as the Capital Projects Fund budget of the Town of Avon for the year
stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted shall be
signed by the Mayor and made part of the public record of the Town.
ADOPTED this 8th day of December, 2015.
T OF AVON, COLORADO
�-11 0 LU CaQ-"�
Jenni ancher, Mayor
ATTEST: