TC Res. No. 1987-26CJ
RESOLUTION NO. 87-26
SERIES OF 1987
A RESOLUTION TO AMEND THE 1987 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND AMENDING THE 1987 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
adopted the 1987 budget; and
WHEREAS, the Town Council reviewed the revised estimated
revenues and expenditures for 1987; and
WHEREAS, the Town Council finds it necessary to amend
the 1987 budget to more accurately reflect the revenues and
expenditures for 1987; 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 expenditures for each fund
are as follows for 1987:
1987
Budget
General Fund
Public Works Fund
Transit Fund
Debt Service Fund
$ 2,001,112
93,500
307,000
220,000
$ 2,621,612
1987
Amended
Budget
$ 2,057,958
722,013
-0-
307,268
$ 3,087,239
0
•
Section 2. That estimated revenues for each fund are
as follows:
General Fund
Revenues
$
1,907,950
$ 1,968,360
Fund Balance
(unappropriated)
93,162
89,598
TOTAL General Fund
$
2,001,112
$ 2,057,958
Public Works Fund
Revenues
$
11:5,000
$ 2,018,000
Transit Fund
Revenues
$
307,000
-0-
(moved to General Fund)
Debt Service
Revenues
$
220,000
414,695
Section 3. 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 4. That the budget hereby approved and adopted
shall be signed by the Town Manager and made part of the public
records of the Town.
ADOPTED this 8th day of December, 1987.
-2-
TOWN OF AVON, COLORADO
Allan R. Notting Mayor