TC Res. No. 1986-23RESOLUTION NO. 86-23
SERIES OF 1986
A RESOLUTION TO ADOPT THE 1987 TOWN OF-AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH
FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE
CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1987, AND ENDING
ON THE LAST DAY OF DECEMBER, 1987.
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,at the proper time; and
WHEREAS,-the Town Manager has submitted a proposed budget to
this governing body on September 23, 1986, for-its consideration;-and
WHEREAS, upon due and proper notice, published or posted in
accordance'with the law,:said proposed budget was open for inspection
by the public at a designated place, a public hearing was held on
October 14,.•1986, 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 expendi-
tures, 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 expenditures for each fund are as
follows for 1987:
General 'Fund
Public Improvements Fund
Transit Fund
Debt Service Fund
$ 2,183,372
287,000
307,750
220,000
$ 2,998,122
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Section 2. That estimated revenues for each fund are as
follows:
General Fund
Revenues $ 2,096,950
Fund Balance
(unappropriated) 86,422
TOTAL General Fund $ 2,183,372
Public Works Fund
Revenues $ 308,500
TOTAL Public Works Fund $ 308,500
Transit Fund
Revenues $ 307,750
TOTAL Transit Fund $ 307,750
Debt Service Fund
Transfers $ 220,000
TOTAL Debt Service Fund $ 220,000
Section 3. That the budget, as submitted and hereinabove
summarized by fund, hereby is approved and adopted as the budget of
the Town of Avon for the year stated above.
Section 4. That the budget hereby approved and adopted shall
be signed by the Town Manager and made a part of the public records of
the Town.
ADOPTED, this 28th day of October
Tmm"I-m
, 1986.
TOWN OF AVON, COLORADO
Mayor
Allan R. Nottingha
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