TC Res. No. 1997-71RESOLUTION NO. 97-71
SERIES OF 1997
A RESOLUTION TO ADOPT THE 1998 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, 1998, AND ENDING ON THE LAST DAY OF DECEMBER, 1998.
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 28,
1997, 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 November 11, 1997, 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
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 THE
TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for each fund are as follows
for 1998: -
1998 1998
Proposed Adopted
Budget Bud&et
General Fund
Beginning Fund Balance $ 4,756,143 $ 4,756,143
Revenues and Other Sources 8,880,954 8,879,003
Expenditures and Other Uses 8.682.240 8,958,690
Ending Fund Balance $ 4,954,857 $ 4,676,456
1998 1998
Proposed Adopted
Budget Budget
Mall Maintenance Fund
Beginning Fund Balance $ 0 $ 0
Revenues and Other Sources 67,942 67,942
Expenditures and Other Uses 67,942 67,942
Ending Fund Balance $ 0 $ 0
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Fire Operations Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Debt Service Fund .
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
'Wild-ridge Special Assessment Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Capital Projects 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
i
Ending Fund Balance
1998
Proposed
-Budget .
$ 0
1,853,347
1,853,347
1998
Proposed
Budget
$ 266,672
1,296,902
1,296;.902
$ 266.672
1998
Proposed
Budget
$ 46,001
95,171
124,413
$ 16,759
1998
Proposed
Budget
$ 1,218,441
1,528,176
1,969,054
1998
Proposed
Budget
$ 1,825,427
623,170
$ 2.254,793
1998
Adopted
Budget
$ 0
1,848,847
1,848,847
$ 0
1998
Adopted
Budget
$ 266,672
1,296,902
1,296,902
$ 266.672
,.1998
Adopted -
Budget
$ 46,001
95,171,
124.413
$ 16,759
1998
Adopted
Bum
$ 1,218,441
1,528,176
1.819.054
$ 927.563
1998
Adopted
Budget
$ 1,825,427
623,170
193.804
$ 2,254.793
2
l
Transit Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fleet Maintenance Internal Service-Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Information Systems Internal Service Fund
.Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
1998
Proposed
Budget
$ 0
3,937,351
3937.351
$ 0
1998
Proposed
Budget
$ 0
370,557
370.204
$ 353
1998
Proposed
Budget
$
0
0
0
$
0
1998
Adopted
Budget
$ 0
4,018,951
4.018.951
$ 0
1998
Adopted
Budget
$ 0
310,557
..370.204
$ 353
1998
Adopted
Budget
$ 0
217,750
217,750
$ 0
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 9'b day of December, 1997.
TOWN OF AVON, COLORADO
td, Yoder, Mayor Pxrotem
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