TC Resolution 20-31 Adopt the 2021 Town of Avon Budget and Summarizing Expendatures and RevenuesTOWN OF AVON, COLORADO
RESOLUTION NO. 20-31
SERIES OF 2020
A RESOLUTION TO ADOPT THE 2021 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, 2021 AND ENDING ON THE LAST DAY OF DECEMBER, 2021
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 17 and December 8, 2020, 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 or planned to be expended from reserves/fund balances 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 2021:
2021 Proposed
Budget
General Fund
Beginning Fund Balance $ 8,407,310
Revenues and Other Sources 16,857,754
Expenditures and Other Uses 17,814,663
Ending Fund Balance 7.450.401
Community Enhancement Fund
Beginning Fund Balance $ 246,081
Revenues and Other Sources 80,000
Expenditures and Other Uses 178,500
Ending Fund Balance $ 147,581
2021 Proposed
Resolution No. 20-31
December 8, 2020
Page 1 of 2
Budget
Water Fund
Beginning Fund Balance $ 600,207
Revenues and Other Sources 200,000
Expenditures and Other Uses 128,358
Ending Fund Balance $ 671.849
Affordable Housing Fund
Beginning Fund Balance $ 1,986,773
Revenues and Other Sources 61,736
Expenditures and Other Uses 900,000
Ending Fund Balance 1.148.509
_Exterior Energy Offset Fund
Beginning Fund Balance $ 112,804
Revenues and Other Sources 5,000
Expenditures and Other Uses 13,000
Ending Fund Balance $ 104.804
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 $ 23,820
Revenues and Other Sources 967,385
Expenditures and Other Uses 963,855
Ending Fund Balance $ 27,350
Mobility Enterprise Fund
Beginning Fund Balance $ 496,615
Revenues and Other Sources 4,468,750
Expenditures and Other Uses 4,563,520
Ending Fund Balance $ 401.845
2021 Proposed
Resolution No. 20-31
December 8, 2020
Page 2 of 2
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 184,906
Revenues and Other Sources 1,857,002
Expenditures and Other Uses 1,776,934
Ending Fund Balance $ 264,974
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 3,030,717
Revenues and Other Sources 1,210,789
Expenditures and Other Uses 1,062,233
Ending Fund Balance 3,179,273
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 8th day of December 2020.
AVON TOWN COUNCIL
By: 111Y1W14)11' �MIA-114�
Sarah Smith flymies, Ma or
Resolution No. 20-31
December 8, 2020
Page 3 of 2
Attest: & C%C?J
Kendall Moore, Deputy Town Clerk