TC Res. No. 1995-51RESOLUTION NO. 95-51
SERIES OF 1995
A RESOLUTION TO ADOPT THE 1996 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, 1996
AND, ENDING ON THE LAST DAY OF DECEMBER, 1996.
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 October 2, 1995, 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 24, 1995, 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 revenues and expenditures for each fu
are as follows for 1996:
1996
Proposed
Budget
General Fund
Revenues 11,130,538
Expenditures (10,819,288)
Transfer to Public Works Fund 0
Transfer to Debt Service Fund (479,318)
Beginning Fund Balance (Jan 1) 2,299,543
Ending Fund Balance (Dec 31) 2,131,475
1996
Adopted
Budget
11,130,538
(10,841,700)
(282,230)
(479,318)
2,299,543
1,826,833
1996
Proposed
Budget
1996
Adopted
Budget
Public Works Fund
Revenues
Expenditures
Beginning Fund Balance (Jan 1)
Reserve for Capital Projects
Ending Fund Balance (Dec 31)
714,000
(295,531)
332,701
(751,170)
0
1,068,830
(1,461,763)
392,933
0
0
Debt Service Fund
Revenues
Expenditures
Beginning Fund Balance (Jan 1)
Ending Fund Balance (Dec 31)
Wildridge Special Assessments Fund
Revenues
Expenditures
Beginning fund Balance (Jan 1)
Ending Fund Balance (Dec 31)
1,101,527
(1,101,527)
250,836
250,836
105,131
(139,760)
79,014
44,385
1,101,527
(1,101,527)
250,836
250,836
105,131
(114,760)
79,014
69,385
Section 2. 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 3. 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 14th day of November, 1995.
ST:
TOWN OF AVON, COLORADO
AiWert- ey s, Mayor
Patty Neyha~7t, Town Clerk