TC Resolution 23-28 Adopting The 2024 Town of Avon Operating BudgetAvon
RESOLUTION NO.23-28
ADOPTING THE 2024 TOWN OF AVON OPERATING BUDGET
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 October 24, November 14, and December 12, 2023, 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 2024:
2024 Proposed
Budget
General Fund
Beginning Fund Balance $ 19,424,911
Revenues and Other Sources 28,256,814
Expenditures and Other Uses 28,039,059
Ending Fund Balance 19,642,666
Community Enhancement Fund
Beginning Fund Balance $ 319,774
Revenues and Other Sources 90,000
Expenditures and Other Uses 120,000
Ending Fund Balance $ 289,774
Resolution No. 23-28
December 12, 2023
Page 1 of 3
2024 Proposed
Burma et
Water Fund
Beginning Fund Balance $ 463,069
Revenues and Other Sources 522,000
Expenditures and Other Uses 613,777
Ending Fund Balance $ 371,292
Community Housing Fund
Beginning Fund Balance $ 1,169,299
Revenues and Other Sources 1,815,514
Expenditures and Other Uses 2,871,000
Ending Fund Balance 113,813
Exterior Energy Offset Fund
Beginning Fund Balance $ 196,282
Revenues and Other Sources 25,000
Expenditures and Other Uses 40,000
Ending Fund Balance $ 181,282
Disposable Paper Bag Fee Fund
Beginning Fund Balance $ 82,602
Revenues and Other Sources 25,000
Expenditures and Other Uses 45,440
Ending Fund Balance $ 62,162
Debt Service Fund
Beginning Fund Balance $ 35,941
Revenues and Other Sources 962,124
Expenditures and Other Uses 962,124
Ending Fund Balance 35,941
Mobility Enterprise Fund
Beginning Fund Balance $ 649,832
Revenues and Other Sources 3,391,021
Expenditures and Other Uses 3,845,888
Ending Fund Balance $ 194,965
Resolution No. 23-28
December 12, 2023
Page 2 of 3
2024 Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 508,846
Revenues and Other Sources 2,199,596
Expenditures and Other Uses 2,180,493
Ending Fund Balance $ 527,949
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 4,257,684
Revenues and Other Sources 1,976,297
Expenditures and Other Uses 722,194
Ending Fund Balance 5,511,787
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 12, 2023 by the AVON TOWN COUNCIL
By:
Am
Resolution No. 23-28
December 12, 2023
Page 3 of 3
Attest:_
Miguel Jauregui