TC Resolution 22-26 Summarizing Expenditures and Revenues by Fund and Amending the 2022 Operating BudgetAvo n
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RESOLUTION NO. 22-26
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2022 OPERATING BUDGETS FOR THE TOWN
OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE
FIRST DAY OF JANUARY, 2022 AND ENDING ON THE LAST DAY OF
DECEMBER, 2022
WHEREAS, the Town Council of the Town of Avon has previously adopted the 2022
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2022; and
WHEREAS, the Town Council finds it necessary to amend the 2022 budget to more
accurately reflect the revenues and expenditures for 2022; and
WHEREAS, upon due and proper notice, published or posted in accordance with the
law, the proposed supplemental amendment to the 2022 budget was open for inspection
by the public at a designated place, a public hearing was held on December 13, 2022 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 OF AVON:
Section 1. That estimated revenues and expenditures for the following funds are revised
as follows for 2022:
Original or
Previously
Amended
2022 Budizet
General Fund
Beginning Fund Balance $ 14,567,561
Revenues and Other Sources 25,428,893
Expenditures and Other Uses 23,156,197
Ending Fund Balance 16,840,257
Resolution No. 22-26
December 13, 2022
Page 1 of 3
Current
Proposed
Amended
2022 Budget
$ 14,567,561
25,799,295
22,962,193
17,404,663
Community Enhancement Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
_Community Housing Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Exterior Energy Offset Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Disposable Paper Bag Fee Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 22-26
December 13, 2022
Page 2 of 3
Original or
Previously
Amended
2022 Budget
$ 298,973
80,000
136,000
Current
Proposed
Amended
2022 Budget
$ 301,421
80,000
20,000
$ 242.973 $ 361.421
$ 707,301
200,000
177,308
$ 729.993
$ 1,303,307
1,680,767
2,479,569
$ 504,505
$ 104,804
5,000
13,000
96.804
$ 78,130
44,000
60,000
$ 62.130
$ 36,433
959,708
959,708
$ 36.433
$ 722,014
200,000
207,308
$ 714.706
$ 1,303,307
1,680,767
1,811,309
1.172.765
$ 109,238
129,984
41,000
$ 198.222
$ 107,151
55,000
60,000
$ 102.151
$ 36,433
959,708
961,208
$ 34.933
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 December 13, 2022 by the AVON TOWN COUNCIL
5flu"By: Attest:
Sarah Smith Hymes, Mayor W�� Miguel Jauregui C ueva,
Resolution No. 22-26
December 13, 2022
Page 3 of 3
Original or
Current
Previously
Proposed
Amended
Amended
2022 Budget
2022 Budget
Mobility Enterprise Fund
Beginning Fund Balance
$ 1,595,418
$ 1,549,195
Revenues and Other Sources
4,553,646
4,149,246
Expenditures and Other Uses
5,814,687
4,599,571
Ending Fund Balance
334.377
1.098.870
Fleet Maintenance Fund
Beginning Fund Balance
$ 236,671
$ 406,486
Revenues and Other Sources
1,788,286
2,011,772
Expenditures and Other Uses
1,733,702
1,989,187
Ending Fund Balance
$ 291,255
429.071
Equipment Replacement Fund
Beginning Fund Balance
$ 3,157,454
$ 3,155,954
Revenues and Other Sources
1,210,789
1,250,789
Expenditures and Other Uses
1,212,233
1,249,952
Ending Fund Balance
3.156.010
3.156.791
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 December 13, 2022 by the AVON TOWN COUNCIL
5flu"By: Attest:
Sarah Smith Hymes, Mayor W�� Miguel Jauregui C ueva,
Resolution No. 22-26
December 13, 2022
Page 3 of 3