TC Resolution 22-28 Accepting the Proposed Long-Range Capital Program and Summarizing Expenditures and Revenues for the Capital Projects Fund and Adopting a Budget for 2023Ply
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RESOLUTION NO. 22-28
A RESOLUTION TO ACCEPT THE PROPOSED TOWN OF AVON LONG-
RANGE CAPITAL PROGRAM AND SUMMARIZE EXPENDITURES AND
REVENUES FOR THE CAPITAL PROJECTS FUND AND ADOPT A BUDGET
FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY 2023 AND ENDING ON THE LAST DAY OF DECEMBER 2023
WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to
prepare and submit a long-range capital program to said governing body for its
consideration; and
WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to
prepare and submit a proposed Capital Projects Fund 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 8, November 15, and December 13, 2022, 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 Capital Projects Fund budget remains in balance, as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON:
Section 1. That long-range capital program as submitted to the Town Council is hereby
accepted as an official Town document and planning tool, and that the information
contained therein may be revised or extended each year with regard to capital
improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects Fund are as
follows for 2023:
Resolution No. 22-28
December 13, 2022
Page 1 of 2
Capital Proiects Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
2023 Proposed
Budget
$ 10,227,090
8,876,250
17,909,312
1.194.028
Section 3. That the budget, as submitted, and hereinabove summarized by fund, hereby
is approved and adopted as the Capital Projects Fund budget of the Town of Avon for the
year stated above.
Section 4. That the Capital Projects Fund 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
By: Attest:
Sarah Smith Hymes, Mayor Miguel Jauregu' as
Resolution No. 22-28
December 13, 2022
Page 2 of 2
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