TC Res. No. 1994-41RESOLUTION NO. 94-41
SERIES OF 1994
A RESOLUTION TO ADOPT THE 1995 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, 1995
AND, ENDING ON THE LAST DAY OF DECEMBER, 1995.
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 on September 23, 1994, 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. A public hearing
was held on October 11, 1994, andAnterested 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 1995:
General Fund
Expenditures
Transfer" to Public Works. Fund
Transfer to Debt Service Fund
Total General Fund<
9,111,706
200,000-
492,783
9,804,489
Public Works Fund
Expenditures 4,208,031
Total Public Works Fund 4,208,031
Debt Service Fund
Expenditures 1,094,170
Total Debt Service Fund 1,094,170
Wildridge Special Assessments Fund
Expenditures 150,848
Total Wildridge Special Assessments Fund 150,848
Section 2. That estimated revenues for each fund are as follows
for 1995:
General Fund
Revenues 9,452,818
1,747,512
Total General Fund 11,200,330
Public Works Fund
Revenues 1,064,000
Fund Balance 3,244,570
Total Public Works Fund 4,308,570
Debt Service Fund
Revenues 1,094,170
Total Debt Service Fund 1,094,170
Wildridge Special Assessments Fund
Revenues 116,311
Fund Balance 78,730
Total Wildridge Special Assessments Fund 195,041
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 part of the public records of the
Town.
{
ADOPTED this 1st day of November, 1994.
ATTEST:
P tty Ne rt, Town Clerk
TOWN OF AVON, COLORADO
14 /11~/
Albert J. eyn Is, Mayor