TC Resolution 19-22 Adopting the 2020 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 19-22
SERIES OF 2019
A RESOLUTION TO ADOPT THE 2020 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES
FOR EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY
OF JANUARY, 2020 AND ENDING ON THE LAST DAY OF DECEMBER, 2020
WHEREAS, the Town Council of the Town of Avon has appointed the town
Manager to prepare and submit a proposed 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. Public hearings were held on November 12 and November 19, 2019, 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 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 Operating Funds of
the Town of Avon are presented as follows for 2020:
2020 Proposed
Bud et
General Fund
Beginning Fund Balance $ 7,749,178
Revenues and Other Sources 18,470,951
Expenditures and Other Uses 19,475,771
Ending Fund Balance 6,744.358
Community Enhancement Fund
Beginning Fund Balance $ 163,009
Revenues and Other Sources 80,000
Expenditures and Other Uses 0
Ending Fund Balance 243.009
Res. No. 19-22
December 10, 2019
Page 1 of 2
2020 Proposed
Budget
Water Fund
Beginning Fund Balance $ 249,911
Revenues and Other Sources 360,000
Expenditures and Other Uses 126,488
Ending Fund Balance $ 483,423
Affordable Housing Fund
Beginning Fund Balance $ 695,291
Revenues and Other Sources 314,478
Expenditures and Other Uses 10,000
Ending Fund Balance 999,769
Exterior Energy Offset Fund
Beginning Fund Balance $ 76,552
Revenues and Other Sources 5,000
Expenditures and Other Uses 0
Ending Fund Balance __ 81,552
Disposable Paper Bag Fee Fund
Beginning Fund Balance $ 86,227
Revenues and Other Sources 45,000
Expenditures and Other Uses 30,000
Ending Fund Balance $ 101,227
Debt Service Fund
Beginning Fund Balance $ 534,816
Revenues and Other Sources 1,022,763
Expenditures and Other Uses 1,022,763
Ending Fund Balance $ 534,816
Mobility Enterprise Fund
Beginning Fund Balance $ 618,905
Revenues and Other Sources 3,557,207
Expenditures and Other Uses 3,981,766
Ending Fund Balance $ 194,346
Res. No. 19-22
December 10, 2019
Page 2 of 2
2020 Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 23,663
Revenues and Other Sources 1,922,495
Expenditures and Other Uses 1,905,281
Ending Fund Balance $ 40.877
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 3,214,496
Revenues and Other Sources 746,437
Expenditures and Other Uses 944,191
Ending Fund Balance 3,016.742
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 10th day of December 2019.
AVON TOWN COUNCIL
By: iV�
Sarah Smith Hymes, May r
Res. No. 19-22
December 10, 2019
Page 3 of 2
Attest: r 6IU:VWVY
Brenda Torres, T
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