TC Resolution 25-09 Amending the 2025 Town of Avon BudgetA
Avon
COLORADO
TOWN OF AVON, COLORADO
RESOLUTION NO.25-09
A RESOLUTION TO AMEND THE 2025 TOWN OF AVON BUDGET
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2025 budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2025; and
WHEREAS, the Town Council finds it necessary to amend the 2025 budget to
more accurately reflect the revenues and expenditures for 2025; 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 2025:
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Res. No. 25-09
April 8, 2025
Page 1 of 3
Original or
Previously
Amended
2025 Budget
$ 19,210,754
27,812,902
28,862,324
18,161,332
Current
Proposed
Amended
2025 Budget
$ 22,123,797
27,804,762
28,876,525
21,052,034
Original or
Current
Previously
Proposed
Amended
Amended
2025 Budget
2025 Budget
Capital Proiects Fund
Beginning Fund Balance
$ 4,677,231
$ 17,050,547
Revenues and Other Sources
12,967,000
12,967,000
Expenditures and Other Uses
7,302,986
25,974,981
Ending Fund Balance
6,729,543
4,042.566
Mobility Fund
Beginning Fund Balance
$ 540,628
$ 845,094
Revenues and Other Sources
2,588,967
2,588,967
Expenditures and Other Uses
2,794,143
2,832,223
Ending Fund Balance
$ 335,452
$ 601,838
Exterior Energv Offset Fund
Beginning Fund Balance $ 202,401 $ 197,146
Revenues and Other Sources 25,000 25,000
Expenditures and Other Uses 84,000 106,000
Ending Fund Balance $ 143,401 $ 116,146
Communitv Housine Fund
Beginning Fund Balance $ 861,961 $ 3,609,065
Revenues and Other Sources 2,273,099 2,555,060
Expenditures and Other Uses 2,475,499 4,812,353
Ending Fund Balance $ 659,561 1.351.772
Equipment Replacement Fund
Beginning Fund Balance $ 4,169,800 $ 5,321,134
Revenues and Other Sources 2,567,397 2,604,397
Expenditures and Other Uses 2,343,166 1,932,527
Ending Fund Balance 3,949,031 5,993.004
Res. No. 25-09
April 8, 2025
Page 2 of 3
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 8' April, 2025.
AVON TOWN COUNCIL
N. Underwood, Mayor
Res. No. 25-09
April 8, 2025
Page 3 of 3
Attest: / /
Miguel Jauregui
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