TC Res. No. 1998-47RESOLUTION NO. 98-47
SERIES OF 1998
A RESOLUTION TO AMEND THE 1998 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 1998 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 adopted the 1998
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 1998; and
WHEREAS, the Town Council finds it necessary to amend the 1998 budget to
more accurately reflect the revenues and expenditures for 1998; 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 the following fund is as
follows for 1998:
Original or
Previously
Amended
1998
Budget
Capital Projects Fund
Beginning Fund Balance $ 2,015,383
Revenues and Other Sources 10,882,170
Expenditures and Other Uses 12.262,433
Ending Fund Balance $ 635,120
Current
Proposed
Amended
1998 .
Budget
$ 2,015,383
10,882,170
12,317,263
$ 580.290
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 1 l' day of August, 1998.
TOWN OF AVON, COLORADO
4 c,,-.
Jac awcett, Mayor
TEST:
Nash
Capital Projects Fund #41
Amended Budget #4 -1998
Faun„ umm: a" _ -
Original or Current
Prev. Amend. Proposed Difference
Actual Actual Budget Amendment Increase
1996 1997 1998 1998 (Decrease)
REVENUES
Taxes
Intergovernmental
Investment Earnings
Other Revenue
Total Operating Revenues
Other Sources:
Transfers in from Other Funds
Bond Proceeds .
Capital Lease Proceeds
TOTAL REVENUES
EXPENDITURES
Capital Improvements:
Facilities
Land and Land Improvements
Roads and Streets
Strategic Planning
Communications
Other
Debt Service:
Principal
Interest
Bond Issuance Costs
$ 963,113
$ 1,543,707 $
950,000
$ 950,000 $ -
10,000
1,221,305
621,663
621,663 -
50,091
162,915
129,000
129,000- -
132,681
3,439
8,000
8,000 =
1,155,885 2,931,366 1,708,663 1,708,663 -
- - 2,059,507
- 3,619,721 7,000,000
- 114,000
2,059,507 -
7,000,000 -
114,000 -
1,155,885 6,551,087 10,882,170 10,882,170 -
332,218
80,104
96,767
173,439
310,455
4,885,342
155,437
26,195
-
23,784
12,051
3,750
9,151,385
9,151,385 -
150,000
150,000 -
1,652,518
1,652,518 -
25,000
25,000 -
-
54,830 54,830
6,000
6,000 -
50,000 50,000 397,321 397,321 -
7,500 3,750 - - -
- 116,461 272,018 272,018 -
Total
964,428
5,362,825
11,654,242
11,709,072
54,830
Other Uses
Operating Transfer-Out to Debt Service
-
-
591,020
591,020
-
Operating Transfer-Out to Wildridge S.I.D.
19,131
18,151
17,171
17,171
-
TOTAL EXPENDITURES
983,559
5,380,976
12,262,433
12,317,263
54,830
NET SOURCE (USE) OF FUNDS
172,326
1,170,111.
(1,380,263)
(1,435,093)
(54,830)
FUND BALANCE, Beginning of Year
672,946
845,272
2,015,383
2,015,383
-
FUND BALANCE, End of Year
$ 845,272
$ 2,015,383 -
$ 635,120
$ 580,290 $
(54,830)
Page 3
Capital Projects Fund #41
Amended Budget #4 -1998
Ito F .9.
Original or Current
Prev. Amend. Proposed Difference
Account Actual Actual Budget Amend. Budget Increase
Number Description 1996 1997 1998 1998 (Decrease) -
CAPITAL IMPROVEMENT PROJECTS
Facilities:
Recreation Center, Phase 2
$ 72,885
$ -
$ -
$ - $ -
11001
Municipal Building Improvements
-
3,626
392,599
392,599 -
Municipal Building Rock Work
-
9,867
-
- -
13001
Swift Gulch Facility
259,333
66,611
8,439,927
8,439,927 -
13002
Pump House and Picnic Shelter
-
-
318,859
318,859 -
Land and Land Improvements:
Parks:
21001
Pocket Parks
36,535
2,699
150,000
150,000 -
Lot 16
-
170,740
-
- -
Parking Structures and Lots
60,232
-
-
- -
Roads and Streets:
Streetscape:
31001
Streetscape Planning
-
-
25,000
25,000 -
31002
Beaver Creek Blvd.
9,120
-
-
- -
Street Improvements:
32001
Paving/Road Improvements
132,948
153,871
180,000
180,000 -
Sidewalks
27,982
30,675
-
- -
Traffic Control:
Avon Rd. Signalization
16,650
-
-
- -
Roundabouts:
35001
Engineering and Surveying
-
527,211
52,600
52,600 -
35001
Irispectlon/Administration
-
63,071
4,500
4,500 -
35001
Right-of-way
-
275,751
-
- -
35001
Construction
118,755
3,745,242
1,122,462
1,122,462 -
35001
Contingency
-
89,521
117,956
117,958 -
36001
Public Art Work
5,000
-
150,000
150,000 -
Recreation:
-
-
-
- -
Strategic Planning:
Development Analysis and Review
18,744
19,945
-
- -
Comprehensive Plan
72,488
-
-
- -
Roundabout Study
64,205
-
-
- -
79001
Planning and Consulting
-
6,250
25,000
25,000 -
Communications:
Telecommunications Study
-
23,784
-
- -
800 Mhz Radio System
-
-
-
54,830 54,830
Other.
Nottingham Station Inspections
3,051
-
-
- -
91001
Fireplace Conversions
9,000
3,750
6,000
6,000 -
Total Capital Improvement Projects
$ 906,928
$ 5,192,614
$ 10,984,903
$ 11,039,733 $ 54,830
Page 5