TC Res. No. 1999-44RESOLUTION NO. 99-44
SERIES OF 1999
A RESOLUTION TO AMEND THE 1999 TOWN OF AVON BUDGET
A RESOLUTION SU V ARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 1999 CAPITAL PROJECTS FUND BUDGET FOR THE TOWN OF
AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST
DAY OF JANUARY, 1999, AND ENDING ON THE LAST DAY OF DECEMBER,
1999.
WHEREAS, the Town Council of the Town of Avon has adopted the 1999
Capital Projects Fund budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 1999; and
WHEREAS, the Town Council finds it necessary to amend the 1999 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 1999;
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 Capital Projects
Fund is revised as follows for 1999:
Original or
Previously
Amended
1999
Budget
Capital Projects Fund
Beginning Fund Balance
$ 6,031,173
Revenues and Other Sources
2,110,637
Expenditures and Other Uses
6,101,471
Ending Fund Balance $ 2,040,339
Current
Proposed
Amended
1999
Budget
$ 6,031,173
2,133,137
6,145,602
$ 2,018,708
Section 2. That the Capital Projects Fund budget, as submitted, amended, and ,
hereinabove summarized; hereby is approved and adopted as the budget of the Town of
Avon for the year stated above.
Section 3. That the Capital Projects Fund budget hereby approved, amended, and
adopted shall be signed by the Town Manager and made part of the public record, of the
Town.
ADOPTED this 28' day of September, 1999.
TOWN OF AVON, COLORADO
Ju coder, " ay
2
Capital Projects Fund #41
Final Amended Budget -1999
um nary
Original. or
Current
Prev. Amend.
Proposed
Difference
Actual
Actual
Budget
Amendment
Increase
1997
1998
1999
1999
(Decrease)
REVENUES
Taxes
$ 1,543,707
$ 1,950,670
$ .1,300,000
$ 1,300,000
$ -
Intergovernmental
1,221,305
607,869
300,000
300,000
-
Investment Earnings
162,915
125,804
137,801
137,801
-
Other Revenue
3,439
73,969
8,000
30,500
22,500
Total Operating Revenues
2,931,366
2,758,312
1,745,801
1,768,301
22,500
Other Sources:
Transfers In from Other Funds
-
2,059,507
250,836
250,836
-
Capital Lease Proceeds
-
114,000
114,000
114,000
-
Bond Proceeds
3,619,721
7,003,566
-
-
_
TOTAL REVENUES
6,551,087
11,935,385
2,110,637
2,133,137
22,500
EXPENDITURES
Capital Improvements:
Facilities
80,104
4,965,193
4,718,537
4,718,537
-
Land and Land Improvements
173,439
128,966
-
-
_
Roads and Streets
4,885,342
1,565,150
1,063,000
1,031,500
(31,500)
Recreation
-
-
-
Strategic Planning
26,195
44,537
25,000
52,500
27,500
Communications
23,784
-
139,939
239,939
100,000
Other
3,750
1,500
6,000
6,000
-
Debt Service:
-Principal
50,000
397,321
132,804
80,935
(51,869)
Interest
3,750
-
-
-
_
Bond Issuance Costs
116,461
236,187
-
-
-
Total
5,362,825
7,338,854
6,085,280
6,129,411
44,131
Other Uses
Operating Transfer-Out to Debt Service
-
563,570
-
-
-
Operating Transfer-Out to Wildridge S.I.D.
18,151
17,171
16,191
16,191
-
TOTAL EXPENDITURES
5,380,976
7,919,595
6,101,471
6,145,602
44,131
NET SOURCE (USE) OF FUNDS
1,170,111
4,015,790
(3,990,834)
(4,012,465)
(21,631)
FUND BALANCE, Beginning of Year
845,272
2,015,383
6,031,173
6,031,173
-
FUND BALANCE, End of Year
$ 2,015,383
$ 6,031,173
$ 2,040,339
$ 2,018,708 $
(21,631)
Page 1
Capital Projects Fund.#41
Final Amended Budget -1999
.
RN W-M etai
Original or
Current
Prev. Amend.
Proposed Difference
Account
Actual
Actual
Budget
Amendment Increase
Number Description
1997
1998
1999
1999 (Decrease)
Taxes:
51401 Real Estate Transfer Tax
$ 1,543,707 $
1,950,670
$ 1,300,000
$ 1,300,000 $ -
51000 Total Taxes
1,543,707
1,950,670
1,300,000
1,300,000 -
Intergovernmental:
Federal Grants:
53102 OEC Grant
Subtotal: Federal Grants
State Grants:
53201 CDOT
Subtotal: State Grants
Local Government/Other Agency:
53401
Avon Village
53401
Beaver Creek Metro District
.53401
Bachelor Gulch/Smith Creek
53401
' Arrowhead
53401
Eagle River Water & Sanitation District
Subtotal: Local Government/Other Agency
53000 Total Intergovernmental
Investment Earnings:
57101 Interest Earnings
57000 Total Investment Earnings
Other Revenues:
58102 Utility Capital Facility Fees
58103 Fireplace Fees
58999 Miscellaneous Nonclassified Revenues
58000 Total Other Revenues
Other Sources:
59201 Transfer In from Other Funds
59301 General Obligation Bond Proceeds
59303 Capital Lease Proceeds
59304 Certificates of Participation Proceeds
59000 Total Other Sources
50000 TOTAL REVENUES
40,000
40,000
268,000 89,319 - -
268,000 89,319 - -
-
- 300,000 300,000 -
578,691
283,798 - - _
143,874
199,293 - -
70,910
35,459 - - -
119,830
- - _ _
913,305
518,550 300,000 300,000 -
1,221,305
607,869 300,000 300,000 -
162,915 125,804 137,801 137,801 -
162,915 125,804 137,801 137,801 -
1,017
1,696
2,000 2,000 -
1,500
4,500
6,000 6,000 -
922
67,773
- 22,500 22,500
3,439
73,969
8,000 30,500. 22,500
- 2,059,507 250,836 250,836 -
3,619,721 - -
- 114,000 114,000 114,000 -
- 7,003,566
3,619,721 9,177,073 364,836 364,836 -
$ 6,551,087 $ 11,935,385 4 2,110,637 $ 2,133,137 22,500
Page 2
Capital Projects Fund #41
Final Amended Budget -1999
Original or Current
Prev. Amend. Proposed Difference
Account Actual Actual Budget Amend. Budget Increase
Number Description 1997 1998 199b 1999 (Decrease)_
CAPITAL IMPROVEMENT PROJECTS
Facilities: -
11001 Municipal Building Improvements
N/A Municipal Building Rode Work
12001 Fire Station Expansion/Remodel
13001 Swift Gulch Facility
13002 Pump House and Picnic Shelter
13003 Park Equipment Storage
Land and Land Improvements:
Parks:
21001 Pocket Parks
N/A Lot 16
Roads and Streets:
Streetscape:
31001 Streetscape Planning
31002 W. Beaver Creek Blvd.
Street Improvements:
32001 Paving/Road Improvements
32002 W. Beaver Creek Blvd. RR Crossing
32003 Chapel Square Reimbursement
Multi-ModaUAltemative Mobility
34001 Sidewalks
34002 East Avon Access and Circulation Implementation
34003 Roundabout Pedestrian Crosswalk Improvements
34004 Eagle River Bikepath
35001 Roundabouts
36001 Public Art Work
Recreation:
51001 Nottingham Park Basketball Court
Strategic Planning:
71001 Development Analysis and Review
79001 Planning and Consulting
Communications:
81001 800 Mhz Radio System
N/A Telecommunications Study
Other:
91001 Fireplace Conversions
Total Capital Improvement Projects
3,626
363,669
-
-
-
9,867
-
-
- -
_
-
-
18,000
18,000
-
66,611
4,240,472
4,400,537
4,400,537
-
-
361,052
-
-
-
-
-
300,000
300,000
-
2,699
128,966
-
-
-
170,740
-
-
-
-
-
41,178
-
-
-
-
-
45,000
45,000
-
153,871
181,308
186,000
186,000
-
-
51,344
-
-
-
-
-
200,000
200,000
-
30,675
-
-
20,000
20,000
-
-
265,000
165,000
(100,000)
-
-
139,000
139,000
-
-
-
-
34,500
34,500
4,700,796
1,155,320
-
-
-
-
136,000
228,000
242,000
14,000
19,945 20,768 - 27,500 27,500
6,250 23,769 25,000 25,000 -
- - 139,939 239,939 100,000
23,784 - - - -
3,750 1,500 6,000 6,000 -
$ 5,192,614 $ 6,705,346 $ 5,952,476 $ •6,048,476 $ 96,000
Page 3