TC Resolution 19-21 Amending the 2019 Town of Avon Capital Projects Fund BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 19-21
SERIES OF 2019
A RESOLUTION TO AMEND THE 2019 TOWN OF AVON CAPITAL
PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2019 CAPITAL PROJECTS FUND BUDGET FOR THE
TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING
ON THE FIRST DAY OF JANUARY 2019 AND ENDING ON THE LAST DAY
OF DECEMBER 2019
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2019 Capital Projects Fund budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2019; and
WHEREAS, the Town Council finds it necessary to amend the 2019 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 2019;
and
WHEREAS, upon due and proper notice, published or posted in accordance with
the law, the proposed supplemental amendment to the 2019 budget was open for inspection
by the public at a designated place, a public hearing was held on December 10, 2019 and
interested taxpayers were given the opportunity to file or register any objections to 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 2019:
Res. No. 19-21
December 10, 2019
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 10th day of December 2019.
AVON TOWN COUNCIL
BY:
Sarah Smith Hymes, Mayo
Res. No. 19-21
December 10, 2019
Page 2 of 2
S
Attest: E
Brenda Torres, Town C rk'•.
Original or
Current
Previously
Proposed
Amended
Amended
2019 Budget
2019 Budget
Capital Projects Fund
Beginning Fund Balance
$ 7,940,477
$ 7,940,477
Revenues and Other Sources
3,498,750
3,370,000
Expenditures and Other Uses
6,700,115
6,420,340
Ending Fund Balance
4,739,112
4,890.137
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 10th day of December 2019.
AVON TOWN COUNCIL
BY:
Sarah Smith Hymes, Mayo
Res. No. 19-21
December 10, 2019
Page 2 of 2
S
Attest: E
Brenda Torres, Town C rk'•.