URA Res. 20-05 Amending the 2020 Avon Urban Renewal Authority BudgetAVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 20-05
SERIES OF 2020
A RESOLUTION AMENDING THE
2020 AVON URBAN RENEWAL AUTHORITY BUDGET
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
previously adopted the 2020 budget; and
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority reviewed
the revised estimated revenues and expenditures for all funds for 2020; and
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority finds it
necessary to amend the 2020 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 budget 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are revised as follows for 2020:
Section 2. That the budget, as submitted and amended hereby is approved and adopted as the
budget of the Avon Urban Renewal Authority for the year stated above.
Resolution No. 20-05
December 8, 2020
Page 1 of 2
Original or
Current
Previously
Proposed
Amended
Amended
2020 Budget
2020 Budget
Avon Urban Renewal Authority
Beginning Fund Balance
$ 598,989
$ 598,989
Revenues and Other Sources
5,722,453
5,722,453
Expenditures and Other Uses
6,244,418
6,249,803
Ending Fund Balance
77,024
$ 71,639
Section 2. That the budget, as submitted and amended hereby is approved and adopted as the
budget of the Avon Urban Renewal Authority for the year stated above.
Resolution No. 20-05
December 8, 2020
Page 1 of 2
Section 3. That the budget hereby approved and adopted shall be signed by the Chairman
and made part of the public record of the Authority.
ADOPTED this 8th day of December, 2020.
AVON URBAN RENEWAL AUTHORITY
Sarah Smith Hymes, C air an
ATTEST:
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Scott Wright, Treasurer
CERTIFIED:
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Resolution No. 20-05
December 8, 2020
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