TC Resolution 24-26 Amending the 2024 Town of Avon BudgetA
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RESOLUTION NO.24-26
AMENDING THE 2024 TOWN OF AVON BUDGET
WHEREAS, the Avon Town Council ("Council") previously adopted the 2024 budget; and
WHEREAS, Council has reviewed the revised estimated revenues and expenditures for 2024;
and
WHEREAS, Council finds it necessary to amend the 2024 budget to more accurately reflect the
revenues and expenditures for 2024; and
WHEREAS, 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:
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Res. No. 24-26
September 24, 2024
Page 1 of 3
Original or
Previously
Amended
2024 Budget
$ 20,424,938
28,256,814
28,395,807
21,285,946
Original or
Previously
Amended
2024 Budget
Current
Proposed
Amended
2024 Budget
$ 20,494,938
28,256,814
26,395,807
21,138,983
Current
Proposed
Amended
2024 Budget
Capital Proiects Fund
Beginning Fund Balance $ 14,791,915 $ 15,508,981
Revenues and Other Sources 13,750,000 16,576,996
Expenditures and Other Uses 24,397,317 21,258,237
Ending Fund Balance 4,144,597 7,885,035
Water Fund
Beginning Fund Balance $ 463,069 $ 430,706
Revenues and Other Sources 522,000 522,000
Expenditures and Other Uses 613,321 616,321
Ending Fund Balance 371,748 $ 336,385
Community Housing Fund
Beginning Fund Balance $ 3,048,139 $ 3,048,139
Revenues and Other Sources 2,018,443 2,018,443
Expenditures and Other Uses 4,145,550 4,196,550
Ending Fund Balance $ 921,032 $ 870,032
Mobility Fund
Beginning Fund Balance $ 649,832 $ 1,382,370
Revenues and Other Sources 3,391,021 3,391,021
Expenditures and Other Uses 3,598,898 3,385,898
Ending Fund Balance $ 441.955 $ 1,387,493
Equipment Replacement Fund
Beginning Fund Balance $ 4,997,523 $ 4,812,821
Revenues and Other Sources 1,976,297 1,639,922
Expenditures and Other Uses 2,443,019 2,487,041
Ending Fund Balance 4,530,801 3,965,702
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.
Res. No. 24-26
September 24, 2024
Page 2 of 3
ADOPTED this 241'' September, 2024.
AVON TOWN COUNCIL
By:
my Phillips, Mayor
Res. No. 24-26
September 24, 2024
Page 3 of 3
Attest:
Miguel Jauregui C