TC Resolution 18-10 Amending the 2018 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 18-10
SERIES OF 2018
A RESOLUTION TO AMEND THE 2018 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2017 BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY
OF JANUARY, 2018 AND ENDING ON THE LAST DAY OF DECEMBER, 2018
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2018 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2018; and
WHEREAS, the Town Council finds it necessary to amend the 2018 budget to
more accurately reflect the revenues and expenditures for 2018; 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 2018:
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.
Res. No. 18-10
July 10, 2018
Page 1 of 2
Original or
Current
Previously
Proposed
Amended
Amended
2018 Budget
2018 Budget
General Fund
Beginning Fund Balance
$ 5,904,568
$ 5,814,591
Revenues and Other Sources
16,580,030
16,580,030
Expenditures and Other Uses
16,568,200
17,014,188
Ending Fund Balance
5,916,398
5,380,433
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.
Res. No. 18-10
July 10, 2018
Page 1 of 2
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 10th day of July, 2018.
AVON TOWN COUNCIL
sy:
JelNie Fancher, Mayor
Res. No. 18-10
July 10, 2018
Page 2 of 2
Attest:
Debbie Hoppe, T
,ltd OF �G 0
Y -EAL:
R- -A-0.