TC Res. No. 1987-270
RESOLUTION NO. 87-27
SERIES OF 1987
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A RESOLUTION TO ADOPT THE 1988 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,
1988, AND ENDING ON THE LAST DAY OF DECEMBER, 1988.
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 18, 1987, 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 27, 1987, 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 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 1988:
General Fund $ 2,426,993
Public Improvements Fund 1,355,000
Debt Service Fund 390,843
$ 4,172,836
0
0
Section 2. That estimated revenues for each fund are
as follows:
General Fund
Revenues
TOTAL General Fund
Public Works Fund
$ 2,720,625
$ 2,720,625
Revenues $ 327,000
Fund Balance 1,028,000-
TOTAL Public Works Fund $ 1,355,000
Debt Service Fund
Transfers $ 297,969
Fund Balance 92,874 -
TOTAL Debt Service Fund $ 390,843
Section 3. That the budget, as submitted 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 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 8th day of December, 1987.
TOWN OF AVON, COLORADO
Allan R. Nottingh , Mayor
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