TC Resolution 24-33 Adopting the 2025 Town of Avon Operating Funds BudgetA
Avon
COLONAoo
RESOLUTION NO.24-33
ADOPTING THE 2025 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 November 12, November 19, and December 10, 2024, 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 2025:
2025 Proposed
Budget
General Fund
Beginning Fund Balance $ 19,210,754
Revenues and Other Sources 27,812,902
Expenditures and Other Uses 28,862,324
Ending Fund Balance 18.161.332
Community Enhancement Fund
Beginning Fund Balance $ 318,887
Revenues and Other Sources 90,000
Expenditures and Other Uses 381,000
Ending Fund Balance $ 27,877
Resolution No. 24-33
December 10, 2024
Page 1 of 3
2025 Proposed
Budget
Water Fund
Beginning Fund Balance $ 399,386
Revenues and Other Sources 199,000
Expenditures and Other Uses 252,384
Ending Fund Balance $ 346,002
Community Housing Fund
Beginning Fund Balance $ 861,961
Revenues and Other Sources 2,273,099
Expenditures and Other Uses 2,475,529
Ending Fund Balance $ 659,531
Exterior Energy Offset Fund
Beginning Fund Balance $ 202,401
Revenues and Other Sources 25,000
Expenditures and Other Uses 84,000
Ending Fund Balance $ 143,401
Disposable Paper Bag Fee Fund
Beginning Fund Balance $ 73,622
Revenues and Other Sources 35,000
Expenditures and Other Uses 42,460
Ending Fund Balance $ 66,162
Debt Service Fund
Beginning Fund Balance $ 40,745
Revenues and Other Sources 960,755
Expenditures and Other Uses 960,755
Ending Fund Balance $ 40,745
Mobility Enterprise Fund
Beginning Fund Balance $ 540,628
Revenues and Other Sources 2,588,967
Expenditures and Other Uses 2,794,143
Ending Fund Balance $ 335,452
Resolution No. 24-33
December 10, 2024
Page 2 of 3
2025 Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 813,439
Revenues and Other Sources 2,548,079
Expenditures and Other Uses 2,254,121
Ending Fund Balance 1,107,397
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 4,169,800
Revenues and Other Sources 2,547,397
Expenditures and Other Uses 2,768,166
Ending Fund Balance 3,949,031
Avon Downtown Development Authoritv
Beginning Fund Balance $ 39,500
Revenues and Other Sources 413,496
Expenditures and Other Uses 346,405
Ending Fund Balance $ 106,591
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 made4 ;:
part of the public record of the Town.;
ADO�ED December 10, 2024 by the AVON TOWN COUNCIL
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Resolution No. 24-33
December 10, 2024
Page 3 of 3
Attest: /
Miguel Jauregui