TC Res. No. 2016-27 Amend the 2016 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 16 -27
SERIES OF 2016
A RESOLUTION TO AMEND THE 2016 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2016 BUDGET FOR THE TOWN OF AVON,
COLORADO, 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 previously adopted the
2016 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2016; and
WHEREAS, the Town Council finds it necessary to amend the 2016 budget to
more accurately reflect the revenues and expenditures for 2016; and
WHEREAS, whatever increases may have been made in the expenditures, like
increases were added to the revenues so that the 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 estimated revenues and expenditures for the following funds are
revised as follows for 2016:
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Town Center West Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 16 -27
October 25, 2016
Paget of 3
Original or Current
Previously Proposed
Amended Amended
2016 Budget 2016 Budget
$ 5,659,925 $ 5,659,925
15,191,391 15,399,513
15,563,185 16,482,744
5.288.131 4.576.694
$ 88,584 $ 124,597
300,000 145,874
298,281 270,471
90.303 $ 0
Community Enhancement Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Affordable Housing Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Transit Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fleet Maintenance Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Equipment Replacement Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 16 -27
October 25, 2016
Page 2 of 3
Original or Current
Previously Proposed
Amended Amended
2016 Budget 2016 Budget
$ 96,996 $ 90,469
84,000 84,000
100.000 100,000
$ 80.996 $ 74.469
$ 1,016,159 $ 1,016,159
190,000 190,000
1,128,060 l ,167,986
$ 78,099 $ 38.173
$ 517,335 $ 517,335
3,885 13,885
25,000 25,000
496,220 $ 506,220
$ 510,375 $ 529,117
1,126,089 1,127,439
1,126,089 1,126,089
$ 510.375 $ 530.467
$ 690,694 $ 689,894
2,039,014 1,566,513
2,083,745 1,625,966
$ 645.963 $ 630.441
$ 169,474 $ 169,474
1,787,632 1,544,055
1,817,945 1,573,779
$ 139.161 $ 139.750
$ 1,699,303 $ 1,699,303
748,565 1,190,358
280,669 249,339
2.167.199 2.640.322
Section 2. That the budget, as submitted, amended, and hereinabove summarized
by fund, hereby is approved and adopted as the budget of the Town of Avon for the year
stated above.
Section 3. That the budget hereby approved and adopted shall be signed by the
Mayor and made part of the public record of the Town.
ADOPTED this 25th day of October, 2016.
AVON TOWN COUNCIL
By:
Jen ,ie Fancher, Mayor
Resolution No. 16 -27
October 25, 2016
Page 3 of 3
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Attest:
Debbie Hoppe, Town C er