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DDA Res 23-01 Adopting the 2024 BudgetA Av© n AVON DOWNTOWN DEVELOPMENT AUTHORITY RESOLUTION 23-01 ADOPTING THE 2024 BUDGET WHEREAS, the Board of Directors of the Avon Downtown Development Authority has directed the Authority's Executive Director to prepare and submit a proposed budget for its consideration; and WHEREAS, the proposed 2024 Budget has been presented to the Board and notices of a public hearing has been property posted for 3pm on December 4, 2023; 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 AVON URBAN RENEWAL AUTHORITY that the Board of Directors of the Avon Downtown Development Authority hereby adopt the following 2024 budget: 2024 Budget Avon Downtown Development Authority Beginning Fund Balance $ 0 Revenues and Other Sources 100,000 Expenditures and Other Uses 10,000 Ending Fund Balance $ 90.000 ADOPTED DECEMBER 4, 2023 by the AVON DOWNTOWN DEVELOPMENT AUTHORITY BOARD OF DIRECTORS. By: Attest• To Emrick, Chairman ris Neuswanger, Secretary Avon Downtown Development Authority Resolution No. 23-01 — Adopting 2024 Budget December 4, 2023 Page 1 of 1