TC Resolution 18-22 Amending the 2018 Town of Avon Capital Projects Fund BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 18-22
SERIES OF 2018
A RESOLUTION TO AMEND THE 2018 TOWN OF AVON CAPITAL
PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2018 CAPITAL PROJECTS FUND 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 Capital Projects Fund budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2018; and
WHEREAS, the Town Council finds it necessary to amend the 2018 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 2018;
and
WHEREAS, the Town Council has caused to be published a notice containing the
date and time of a public hearing at which the adoption of the proposed budget amendment
will be considered and a statement that the proposed budget amendment is available for
public inspection at the office of the Town Clerk located in the Avon Town Hall during
normal business hours, and that any interested elector of the Town of Avon may file any
objection to the proposed budget amendment at any time prior to the final adoption of the
proposed budget amendment; 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 Capital Projects Fund
are revised as follows for 2018:
Res. No. 18-22
December 11, 2018
Page 1 of 2
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized by fund, hereby is approved and adopted as the capital program
budget of the Town of Avon for the year stated above.
Section 3. That the Capital Projects Fund budget as hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 11th day of December 2018.
AVON TOWN COUNCIL
By:
Jennie Fancher, Mayor
Res. No. 18-22
December 11, 2018
Page 2 of 2
Attest:
Debbie Hoppe,
�N OF A�p�
.SEA.L.:
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�OOLOQP�
Original or
Current
Previously
Proposed
Amended
Amended
2018 Budget
2018 Budget
Capital Proiects Fund
Beginning Fund Balance
$ 11,282,615
$ 11,282,615
Revenues and Other Sources
5,977,500
6,550,758
Expenditures and Other Uses
12,544,923
12,219,215
Ending Fund Balance
4.715.192
5.614.158
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized by fund, hereby is approved and adopted as the capital program
budget of the Town of Avon for the year stated above.
Section 3. That the Capital Projects Fund budget as hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 11th day of December 2018.
AVON TOWN COUNCIL
By:
Jennie Fancher, Mayor
Res. No. 18-22
December 11, 2018
Page 2 of 2
Attest:
Debbie Hoppe,
�N OF A�p�
.SEA.L.:
c'
�OOLOQP�