TC Resolution 20-30 to Amend the 2020 Town of Avon Capital Porjects Fund Budget and Summarize Expendatures and RevenuesTOWN OF AVON, COLORADO
RESOLUTION NO. 20-30
SERIES OF 2020
A RESOLUTION TO AMEND THE 2020 TOWN OF AVON CAPITAL
PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2020 CAPITAL PROJECTS FUND 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 previously adopted the
2020 Capital Projects Fund budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2020; and
WHEREAS, the Town Council finds it necessary to amend the 2020 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 2020;
and
WHEREAS, upon due and proper notice, published or posted in accordance with
the law, the proposed supplemental amendment to the 2020 budget was open for inspection
by the public at a designated place, a public hearing was held on December 8, 2020 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 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 Capital Projects Fund
are revised as follows for 2020:
Resolution No. 20-30
December 8, 2020
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 8th day of December 2020
AVON TOWN COUNCIL
By: 6M& �J, 4
Sarafi Smith Hymes, Ma o
Resolution No. 20-30
December 8, 2020
Page 2 of 2
Attest: &a ffill�
Kendall Moore, Deputy Town Clerk
Original or
Current
Previously
Proposed
Amended
Amended
2020 Budget
2020 Budget
Capital Projects Fund
Beginning Fund Balance
$ 8,722,351
$ 8,722,351
Revenues and Other Sources
3,526,000
3,845,000
Expenditures and Other Uses
6,325,089
5,344,968
Ending Fund Balance
5.923.262
7.222.383
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 8th day of December 2020
AVON TOWN COUNCIL
By: 6M& �J, 4
Sarafi Smith Hymes, Ma o
Resolution No. 20-30
December 8, 2020
Page 2 of 2
Attest: &a ffill�
Kendall Moore, Deputy Town Clerk