TC Resolution 24-14 Amending the 2024 BudgetA
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TOWN OF AVON, COLORADO
RESOLUTION NO. 24-14
A RESOLUTION TO AMEND THE 2024 TOWN OF AVON BUDGET
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2024 budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2024; and
WHEREAS, the Town Council finds it necessary to amend the 2024 budget to
more accurately reflect the revenues and expenditures for 2024; and
WHEREAS, the Town Council has caused to be published a notice containing the
date and time of a public hearing at which the adoption of the proposed budget amendment
will be considered and a statement that the proposed budget amendment is available for
public inspection at the office of the Town Clerk located in the Avon Town Hall during
normal business hours, and that any interested elector of the Town of Avon may file any
objection to the proposed budget amendment at any time prior to the final adoption of the
proposed budget amendment; and
WHEREAS, whatever increases may have been made in the expenditures, like
increases were added to the revenues so that the budget remains in balance as required by
law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for the following funds are
revised as follows for 2024:
Original or
Previously
Amended
2024 Budget
General Fund
Beginning Fund Balance
$ 13,745,984
Revenues and Other Sources
28,256,814
Expenditures and Other Uses
25,039,059
Ending Fund Balance 20,755,749
Res. No. 24-14
April 9, 2024
Page I of 3
Current
Proposed
Amended
2024 Budget
$ 21,424,938
28,256,814
28,355,807
21,325.946
Capital Proiects Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Mobility Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Equipment Replacement 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
Res. No. 24-14
April 9, 2024
Page 2 of 3
Original or
Previously
Amended
2024 Budget
$ 2,908,167
13,750,000
9,839,284
$ 6,818,883
$ 649,832
3,391,021
3,845,888
$ 194,965
$ 4,104,865
1,323,759
722,194
5,358,968
$ 3,032,389
1,815,514
2,871,000
1,976,903
Current
Proposed
Amended
2024 Budget
$ 14,791,915
13,750,000
24,397,317
4,144,597
$ 912,487
2,421,021
3,016,898
$ 316.610
$ 4,997,523
1,323,759
2,443,019
4,530,801
$ 3,046,302
2,018,443
4,145,550
$ 919,195
Section 2. That the budget, as submitted, amended, and herein above 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 this 91h April, 2024.
AVON TOWN COUNCIL
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Res. No. 24-14
April 9, 2024
Page 3 of 3
Attest: 1"TuZ
Miguel Jauregui a nueva, Town Clerk