Avon DDA Res 24-03Attachment B
Avon
1
AVON DOWNTOWN DEVELOPMENT AUTHORITY
RESOLUTION 24-03
ADOPTING THE 2025 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 2025 Budget has been presented to the Board and notices of a public
hearing has been property posted for 3pm on November 4, 2024; 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 DOWNTOWN
DEVELOPMENT AUTHORITY that the Board of Directors of the Avon Downtown
Development Authority hereby adopt the following 2025 budget:
2025
Budget
Avon Downtown Development Authority
Beginning Fund Balance $ 45,690
Revenues and Other Sources 413,496
Expenditures and Other Uses 346,405
Ending Fund Balance $ 112,781
ADOPTED November 4, 2024 by the AVON DOWNTOWN DEVELOPMENT
AUTHORITY BOARD DIREC ORS.
By: iAttest:
Tony ric hairman Chris Neuswanger, Secretary
Avon Downtown Development Authority
Resolution No. 24-03 — Adopting 2025 Budget
November 4, 2024
Page 1 of 1