TC Resolution 22-29 Summarizing Expenditures and Revenues for Each Fund and Adopting a Budget for 2023A
Avon
RESOLUTION NO. 22-29
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, 2023 AND ENDING ON THE LAST DAY OF DECEMBER, 2023
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 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 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 operating funds of the Town of Avon
are presented as follows for 2023:
2023 Proposed
Budget
General Fund
Beginning Fund Balance $ 17,404,663
Revenues and Other Sources 24,788,612
Expenditures and Other Uses 25,552,248
Ending Fund Balance 16.641.027
Community Enhancement Fund
Beginning Fund Balance $ 361,421
Revenues and Other Sources 82,000
Expenditures and Other Uses 140,000
Ending Fund Balance $ 303.421
Resolution No. 22-28
December 13, 2022
Page 1 of 2
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
Mobility Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 22-28
December 13, 2022
Page 2 of 2
2023 Proposed
Budget
$ 714,706
762,000
887,481
589,225
$ 1,172,765
1,831,440
2,595,000
$ 409,205
$ 198,222
25,000
41,000
$ 182,222
$ 102,151
55,000
33,840
123,311
$ 34,933
963,142
963,142
$ 34,933
$ 1,098,870
3,097,344
3,742,252
$ 453,962
2023 Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 429,071
Revenues and Other Sources 2,974,280
Expenditures and Other Uses 2,976,775
Ending Fund Balance $ 426,576
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 4,104,865
Revenues and Other Sources 1,923,839
Expenditures and Other Uses 2,392,151
Ending Fund Balance 3,636,553
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
B WIW44
y�
Sarah Smith Hymes, Mayor
Resolution No. 22-28
December 13, 2022
Page 3 of 2
Attest: —
Miguel Jauregui
NOFA�O�
'a, Town Cl,