TC Res. No. 1996-48RESOLUTION NO. 96-48
SERIES OF 1996
A RESOLUTION TO ADOPT THE 1997 TOv,N~ OF AVON, BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND AI)OPTING A BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNTIING ON THE FIRST DAY OF
.JANUARY, 1997, AM) ENDING ON THE LAST DAY OF DECE ER, 1997.
WHEREAS, the Town Council of the Toum of Awn has appointed the Town
Manager to prepare andl subunit a proposed budget to said governing body on October 8,
1996, 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 22, 1996, and interested taxpayers were given the
opportunity to file or register any comment to said proposed budget; and
WHEREAS, wlmtever increases may have been made in the expenditures, like
increase 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 TIME
TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for each fund am as follows
for 1997:
1997 1997
Proposed Adopted
Budget Budgd
General Fund
Beginning Fund Balance S 3,621,011 S 3,621,011
Revenues and Other Sources 11,165,086 11,165,086
Expenditures and Other Uses 11.271.022 11.271.022
Ending Fund Balance S 3.515A75 S 3.515.075
1997 1997
Proposed Adopted
Budget B „gZ
Capital-Projects Fund
Beginning Fund Balance S 3,927,500 S 547,500
Revenues and Other Sources 969,033 4,469,033
Expenditures and Other Uses 4,457.568 4,502,568
Ending Fund Balance S 438,965 5 511965
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Wild rift Special AssMwent Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
1997
Proposed
Budget
S 250,836
1,406,864
1371264
S 285.436
1997
Proposed
Budgcl
S 58,818
101,651
101,687
S 58,782
1997
Proposed
Budget
S 1,239,132
1,116,336
948.580
S 1401„$,88
1997
Adopted
Bud e
S 250,836
1,406,864
1.372.264
S 285"
1997
Adopted
Budg,qt
S 58,818
101,651
101.687
S 58,782
1997
Adopted
Budget
$ 1,239,132
1,116,336
948.580
$1,406.888
Section 2. 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 3. That the budget hereby approved and adopted shall be signed by the
Town manager and made part of the public record of the Town.
ADOPTED this 12`b day of November, 1996.
TOWN OF AVON, COLORADO
6M~ ert J. Re or